A welfare post of 500u, with a prize Q&A. Your comments after I repost will count as valid answers <10 people share>🧧
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Many people complain about the crash on the 11th, while some have become wealthy through it, and many have suffered losses. In fact, choice is very important; every choice we make is a gamble on a tomorrow in the crypto world!
I opened a short position during the deep drop due to news, and it definitely brought unexpected gains, but the opportunity for such a crash is indeed very slim, there's no denying that.
But what about going long?
We make money through temporary short-term news surges! Taking the recently popular platform coins with the most investment, $bnb and $okb, going long has only been profitable so far, with no losses, because they have been rising from the bottom. Those who followed later can only say you lost money, but your understanding wasn't enough; even if you fought through thorns to the end, everyone can see from the K-line chart that it is in a rising state.
At this point, many friends might want to refute: I bought bnb at 800 USD, and at 900 USD it rose to around 1360 USD, isn't that more than 60% or 70% from the bottom? And okb, bought from the bottom at 60 or 70 USD, peaked at 258 USD, isn't that the bottom?
Imagine if it falls below or back to the opening price, this platform coin would be worthless, and the exchange would run away. Even if you bought at a very low early price, it would be of no use.
After investing, you need to understand the future value of the product. As an investor, I give faith to the platform coins, and after they empower, what kind of trends will they bring to investors in terms of profits.
Therefore, position management and margin requirements are crucial for those playing contracts!
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