"Mom, I still have 0.23U left in my account.Your son is a bad seed, if there is a chance in the next life..."

This is the last text message of a 22-year-old college student before playing contract liquidation
Today, let's talk about the most cutting-edge play in the coin circle - contract leverage! This thing can make you earn a suite in 10 minutes, and it can also make you lose your pants in 1 second!
What is leverage?
In simple terms, it's borrowing money to speculate on coins!
Assume you only have 10,000 U, you can only buy one coin. However, if you open 100 times leverage, you can buy 100 coins!
When trading with leverage, there is something called "margin". If the margin is depleted, the position will be liquidated forcibly, also known as "force liquidation", commonly referred to as "liquidation"!
What does liquidation mean? It means you lose everything, not a penny left!
The difference between cross margin and isolated margin:
Cross Margin: All positions share the same margin. The advantage is that it is not easy to liquidate, but once liquidated, the wallet will be completely empty!
Cross margin: Margin is calculated separately for each position. The advantage is that liquidation will only lose the funds of a single position, but it is easier to get liquidated!
Long and Short:
Long: Betting that this coin will rise in price. Profit if it rises, lose if it falls. (Seeking for the 'gou zhuang' to boost the market)
Shorting: Betting that this currency will fall in price. Profit if it falls, lose if it rises. (Hoping for a project to fail)
But in reality, it often happens that it goes up when you go long and goes down when you go short!
Why do leeks send people's heads one after another? Because there is really a myth of dog-shit luck here!
100x leverage meets a sudden surge, turning 10,000 USDT into 1,000,000 USDT in an instant
But 99.9% of people end up: falling and buying more → borrowing money and going all-in → getting liquidated and jumping off a building
Zhang San 08:00 Open 100 times long order: "This time must double"
10:00 5% decrease: "Increase positions to average down cost"
12:00 drop 10%: "Continue to borrow online loans"
14:00 Insert Pin 20%: "Mom, I'm sorry..."
Why can't I quit the contract?
✓ Dopamine trap: When staring at the screen, the brain secretes three times the amount of dopamine as usual.
✓ Survivorship bias: The entire network only promotes the case of "5,000 to 5 million".
✓ Gambler's Black Hole: Always wanting to "double down to break even" after liquidation
But what really gets people hooked is the last-ditch effort of a poor devil!
I can't afford to buy a house for a lifetime, but the contract gives me a chance to "gamble and turn over": either drive a Maybach or jump into the Huangpu River.
Forward to all friends who want to play contracts!
Remember three life-saving rules:
Leverage exceeding 5 times = actively applying for the VIP of the crematorium
Never use the mentality of "the last comeback" to add positions
Never use living expenses to play contracts
The most real lie in the currency circle:
"I play contracts to make money" translated into adult language: "I want to exchange coffin books for grave grass"
"Win the tender model of the club, lose and work in the sea", the reality is: if you win, you want to increase the size, if you lose, you have to turn over, and in the end, you will either sell the house to continue your life or queue up on the rooftop!
Do you think watching the market can predict the ups and downs? When the market makers unplug the network cable and change the rules, even the color of your underwear has been calculated! The only ones who truly get rich are the exchanges and the projects!
‍ #BTC# #ETH# #GateioInto11#