Earning 1 million with 500 yuan can be said to be a textbook miracle. However, in the end, it was only three seconds from 1 million to 10 million, and 3 seconds missed the 10 million.

There is a saying that you can never make money beyond your cognition, unless you rely on luck. But the money you make by luck is often lost by strength. This is inevitable. Every penny you make is because of your cognition of the world, and every penny you lose is because of your flaws in cognition of the world. The greatest fairness in this world is that when a person's wealth is greater than his cognition, the world has 1 million ways to harvest you. Until your cognition matches your wealth!

The story

On the evening of May 21, when the US Copyright Society was granting proof that Satoshi Aomoto was the author of the Bitcoin white paper and code, the exchange's BSV rose sharply after hearing the news, rising by 50%. Many followers quickly bought in, and at this time the protagonist of the story also bought in immediately. However, he did not just buy, but leveraged 100 times the perpetual contract, using 528 yuan to buy 75 USDT. He went long when BSV was $120, and successfully earned 70,000 yuan when it reached $158. Perhaps most people would stop at this time, after all, they made so much money. But the protagonist had a great sense of the market, and quickly shorted BSV when the price was $150.

This time, the direction of short selling was right! Earned 300,000 RMB. Even a trading expert would have to stop at this time, after all, he had already earned 300,000 RMB from 500 RMB. But the protagonist is the protagonist after all because he thinks about things that ordinary people dare not think about and does things that ordinary people dare not do! The protagonist did not stop but quickly went long. This time it was right again! And at this time, a profit of 1 million RMB has been made. Compared with 528 RMB, 1 million RMB can be said to be pure profit. It is simply a classic case of making money out of nothing. But the protagonist is not satisfied at this time, but wants to make a little more, do a little more, and do a little more! Because the millions are right in front of him.

The terrible 3 seconds

The result was a tragedy. A sad thing happened. The direction was right! However, the 3 seconds that were inconsistent with the protagonist's operation direction quickly cleared the 1 million. It was a pity that the 10 million that was in the mouth disappeared. It only took more than 10 minutes from getting rich to going bankrupt.

Should we add leverage when trading cryptocurrencies?

So should we leverage when trading cryptocurrencies? In fact, leverage is not about how much you can earn, but how long you can survive! Because of leverage, hundreds of people have come to the OK headquarters to defend their rights. It is not because of anything else, but because many people have lost a lot of money using leverage. Most of them lost more than 500,000, and the highest was 120 million. In the eyes of ordinary people, 120 million is considered financial freedom. Some people say that poverty limits imagination, but some people say that 120 million may be a fraction of what others have distributed.

The biggest difference between futures and spot trading is that one is a two-way operation and the other is leverage. People often say that these two things have advantages and disadvantages. The advantage is that you can make money by shorting in a bear market. The most famous one is Soros making a lot of money by shorting the Thai baht. Paulson shorted the Thai baht in 2008.

Subprime mortgages were very profitable. You could make a lot of money with very little principal.

The disadvantage is that you have to take a huge risk to bet on the direction of short selling. Short selling may not last long enough for the market to fall and you will be out of the game. Tiger Fund on Wall Street, which was once a big name in the NASDAQ bull market in 2000, saw its fund size drop from 25 billion US dollars to 5 billion US dollars because of short selling. Even Tiger Fund had to close down during the bull market. Secondly, you may lose all your principal and never have the chance to enter the market again. Of course, this statement is not necessarily accurate. The more accurate statement should be: Futures are good for smart people and experts.

For the lucky ones, it may become rich overnight, but for the unlucky ones who are not good at trading, it is simply the beginning of a nightmare. You have to admit that there are smart people and mediocre people in the world, and there are people with good luck and bad luck. So which kind of person are you?

Contracts are the main battlefield for hedge funds. Some people may think that they are hedging their risks by speculating in contracts, but in fact they mistakenly think that this is a safe investment. Hedge funds are the playground for the rich, who only want to get richer, but they may not be suitable for you and me.

Investing is definitely not just about immediate benefits. Gamblers will never understand that they are not gambling against luck or the dealer, but against masters like Dirichlet, Gauss, Nash, and Kelly. So what is the probability of winning? The exchange is actually designed as a casino, which concentrates the mathematical experience of the probability rapid limit equation. An ordinary gambler will eventually lose all his money if he continues for a long time.#WBTC #美联储何时降息？ #加密市场反弹 $BTC $ETH $BNB