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With altcoins, only go long, never short. At most use 1x leverage when going long; shorting can ruin the rest of your life. Shorting may be easy money that you can make every day, but encountering a moonshot coin basically wipes you out...
Take HEI as an example: if you buy $1,000 worth at 0.1 and it goes to zero, you lose $1,000. If you go long with $1,000 at 0.1 and it reaches 0.5, you make $5,000. Long-side profits are unlimited, while short-side profits are limited.
When altcoin hype arrives, a few moonshot coins will always appear. In the crypto world, it is not actually impossible for an
HEI-1.33%
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