#ETH Now every month I have to repay more than 5000 in loans and I'm about to lose my job. I don't know what to do next. Since last year, I got involved in cryptocurrency trading, I forgot exactly which month it was. At that time, someone in the group was using 100x leverage to long BTC with a 3000 capital, making it to over a hundred thousand. I felt it was much faster than the pace of digital collectibles and the money came in quicker. I started looking for cryptocurrency trading tutorials online and then downloaded Binance. At first, I played with 2000. It really felt like whatever I played made money because I specifically looked for altcoins that were on the rise to short. Whenever I saw an altcoin that was rising significantly, I would short it with 20x leverage. In just over a week, I went from 2000 to 15000, then I withdrew 5000. I thought I really understood this cryptocurrency trading. Later on, I continued with this strategy only shorting, making a fixed profit of 100u a day before stopping. At that time, I didn't know the rules of forced liquidation. Looking back, I was really lucky then because I started with 30u and 20x shorting. As it rose by a few points, I would add another 30u for margin. I thought that if losses exceeded the margin, I would be liquidated, so I kept adding margin. Then it went down, and after making over 100u profit, I decided to stop today. I had stable profits for half a month and withdrew several times in between. I even thought about quitting my job to focus on this, haha. Luckily, I didn't. Half a month later, I had my first liquidation. That night, I went long. I made a long position on an AI coin and kept adding margin according to my previous strategy until I reached over 300u. Then it just dropped to my liquidation price and rose a little bit. If I had known how to play or had withdrawn a few times less, it wouldn't have been liquidated. After it was liquidated, my heart was really racing. After all, it was the first time, haha...
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