Why do traders with $10k+ still chase #FUTURES instead of holding $BTC $ETH or $BNB on #SPORT ๐
โ This market pullback has revealed many rich traders who traded tokens with higher leverage and they later went against them.
โ Just scroll down, you'll find many in losses of over $10000+
โ Of course with their huge USDS, They have HELD ON as they wait for the market to RECOVER ๐ I pray it does soon.
โThat's TRUST and CONFIDENCE on the margin. moreover trading in #Crossmargin
โ Low margin (Poor) traders don't try to hold, you'll easily be liquidated.
โ If I Had $2k+, My choice would be simple: stick to Spot Trading,BTC or other big tokens.
โ No Liquidation Risk, Steady Growth, Peace Of Mind.
So why do many traders with big capital still prefer futures?
โ Greed For Faster Gains, eg $10000 capital
5% on spot BTC = $500
with 10x leverage (10000 ร 10)ร 5%= $5,000.
โ Ohh it sounds interesting if it's moving your way, $5000 profits for a just a 5% which is achievable in minutes. But
The same applies when it's moving against you ๐ณ๐ฑ continued downtrend may later wipe them out especially with that higher leverage they use.
โ Addiction To Volatility โ futures feels like a casino,quick gains or losses,spot feels โSLOW.โand BORING๐
โOverconfidence โ they believe they can outsmart liquidation due to higher margin.
โ SOCIAL HYPE โ everywhere you see โI made $20k on 50x leverage,โ
But Rarely
โโI held BTC for 3 years and doubled my money.โ
โTHE TRAP โ Once someone wins big on leverage, they keep chasing it, even if they later lose everything for example traders who lost big on #MYX saga, and many others on newly listed tokens
The Truth Is
โMost futures traders are GAMBLING, while smart money quietly buys BTC,ETH,#XRP ,SOL and other top altos on spot and waits.
Sometimes boring is actually powerful. ๐