There are countless scams in the cryptocurrency world, and half of them involve hedging tricks. The booming market for digital currencies has attracted many newcomers who have never engaged with contracts before. Beginners are tempted by the potential for high returns in contracts and are eager to find stable methods to earn profits. When searching online, they easily come across false information and end up being scammed step by step.
Today we are going to talk about the trick of contract hedging. The most deceptive aspect of this trick is the theory behind it. The theory is as follows: the price of a cryptocurrency can either rise or fall, and there is no third option. Therefore, if you go long and short at the same time, you can achieve a situation where you neither gain nor lose in the worst case. Moreover, the 'teacher' claims to compensate you for 70% of your losses as long as the beginner is willing to trade on the platform recommended by the teacher.
The theory is correct, but in practice, it is difficult to achieve consistent profits and losses; usually, profits do not surpass losses. Initially, the investment may not be significant, and there might be a chance to earn. However, later on, due to the 'teacher's' persuasion to increase contract leverage, losses accumulate until all funds are lost. After draining the beginners' funds, the 'teacher' deletes their account and disappears.
Only a small number of beginners notice something is wrong midway, but most beginners only think about quitting after losing all their money, resulting in serious losses. They never expected that their intention to achieve asset appreciation would lead to a profound and painful lesson.
Among this, apart from hating the scammers who do such things, we must also understand that most people on the internet are not trustworthy. Blindly trusting strangers can lead to greater losses. Thinking that one must win back after losing, ultimately leads to even more losses. In reality, one should learn to cut losses in time. In the cryptocurrency world, it is vital to know when to let go; many people end up losing everything because they did not let go in time.
If you want to avoid financial losses, beginners can try engaging with contract agents. Doing contract agency does not require funds or prior contract experience, making it the most suitable way for beginners to engage in contracts. Beginners can give it a try.
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Niubipulas takes on the mission of 'making transactions easy for the industry' and is committed to building a 'comprehensive service community for the cryptocurrency ecosystem'. As a pioneer of one-stop service for cryptocurrency contract exchanges, it supports and empowers blockchain entrepreneurs with professional strength.
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