Some facts about the currency circle:#Aboutborrowing and credit card speculation

With the development of Internet finance in recent years, various loan software have emerged one after another. Those who need money can get the money by just clicking on their mobile phones. There are a lot of money-speculating gamblers here.

Some people are excited when they see the stories of others who have recovered from debt and then borrowed money to speculate in currencies, and they also think that they are the chosen one. Therefore, after the liquidation, I never reflected on it and continued to borrow money and use credit cards to top up, until I finally fell into the bottomless abyss.

What I want to tell you is: if you have the ability, 1000U is enough to turn over. Didn’t celebrity Xiaoxia in the currency circle often say that he turned over by borrowing 2000rmb? If you don’t have the ability, you will lose no matter how much money you make. The outstanding trader Fei Zhai once said in a live broadcast that when he was the poorest, he only had a few dozen dollars, but he still didn’t give up. He used those dozens of dollars to trade and practice. Internal strength.

Why can't I borrow money? Compared with traditional assets, the currency spot market already has its own leverage. If you open a contract again, it will be leverage on leverage. If you borrow again, it will be three levels of leverage. With several layers of leverage, even Evergrande with trillions of assets can't handle it, let alone small retail investors. Remember, if your position is liquidated, you can deliver food, make 5,000 a month, and then come back to speculate in coins, but you must not borrow money. Don't believe the stories of people who got rich by borrowing money, that's just one in 10,000 survivors.

I hope everyone can invest their spare money.