Now if you want to go long, there are many options to choose from, so you really can't go for the second option. The exchange rate of the second option against the main option has dropped drastically. Last time when the main option hit a new high, the price of the second option was around 4200, today the main option continues to rise and is preparing to break through the highest price of around 105200, while the second option is only 3500, and it can't even stabilize at 3450. The current price has already dropped more than 100 points to just over 3300. What can you use to love it? The saying 'disappointed with someone's lack of success' fits perfectly here.
If I had gone long on the main option around 104500 this morning, I wouldn't have faced a liquidation, but going for the second option directly resulted in a drop of over 100 to nearly 200 points, and at 50 times leverage I would have been liquidated. Luckily, I'm not playing right now; otherwise, I would definitely have gone in for a long position near 3350 on the second option, and just thinking about it gives me chills. Currently, it looks like there are quite a few liquidations around 3280, and if it can't stabilize below 3300 at 3280 without a strong rebound, and if the main option continues to pull back, I don't know where this unreliable asset will go. Compared to the second option, sol has been performing even better recently. I have been trading the second option quite often, and now if it rises, there’s really no pressure to short at low leverage; it will come down just as it went up.
Today, something unpleasant also happened. One of my friends in the chat group got scammed for 500 yuan while trying to buy oil. Just a couple of days ago, I posted that I don’t lend money, and the scammer was the person who asked me for money.
Since it happened in my group, I feel bad about it myself. I have reimbursed the 500 yuan and will try to get it back from the scammer. The cryptocurrency world is very deep, and scammers are everywhere. Maybe some people were initially good, but after their contracts were liquidated, they took the wrong path, which is quite regrettable.
I'm not angry about losing this 500 yuan; sometimes it doesn't even cover one trading fee for me, so I can afford it without it affecting my mood. What I mainly despise is doing such things for just 500 yuan; I would respect you more if you scammed for 2000.
Everyone in the cryptocurrency world should have joined quite a few groups. If someone in the group wants to buy or sell oil privately, please be cautious. As the year-end approaches, everyone is short on cash, and there are more scammers around. Protecting your wallet is the most important thing.