I'm really speechless. I woke up and opened Binance, and I instantly became alert.
I received an email and text about a forced liquidation.
It was a wave of heartache as Bitcoin broke $80,000, and my hedged short position of $CKB was liquidated, with a liquidation price of $0.0148, resulting in a loss of 50,000.
You say it would have been better to just hold CKB spot; I earn over 6,000 every month from mining. The more I think about it, the angrier I get. I won't play with contracts anymore. Next time I mine, I won’t hedge; as long as there’s a profit, that’s enough.
The night before last, I was careless and shouldn't have opened a high-leverage contract. I slapped myself several times in anger, regretting it so much. A year’s salary just vanished like that, and I don’t even know how to explain it to my family. Reluctantly, let me introduce CKB to everyone:
CKB Coin, full name Nervos CKB Coin, is a digital currency built on blockchain technology and the native token of the Nervos Network. Nervos Network is an open-source public blockchain project aimed at solving issues in the current cryptocurrency ecosystem, such as scalability, security, and interoperability. The design goal of CKB Coin is to promote global decentralized financial services, with high reliability and scalability. It uses a new consensus algorithm and a data structure called the 'transaction graph' to optimize network security, enhance decentralization, and improve scalability. Additionally, CKB Coin is compatible with Ethereum smart contracts, providing developers with more application scenarios and flexibility.
As an emerging digital currency, CKB Coin shows certain potential and value in the cryptocurrency market. It can be traded as a digital currency, featuring fast, convenient, and low-cost characteristics, and it also supports decentralized applications (Dapps), offering users functions like smart contracts and decentralized storage.
CKB Coin can also conduct cross-chain transactions with other blockchain networks, enabling asset transfers between different blockchains. Furthermore, CKB Coin has advantages in distributed storage, providing efficient and reliable data storage services.
With the continuous improvement and development of the Nervos Network ecosystem, and the increasing number of developers and users joining, CKB Coin is expected to gain wider recognition and application in the digital currency market.
