The truth about Binance profits and the danger of futures contracts and are they forbidden 🤔 This is what we will know in this article 👇🏻
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In the past 48 hours, news has spread that Binance has made $2 billion in profits from liquidating futures positions. Whether accurate or not, this news shows how deadly futures can be for traders and confirms that this game is not just an investment but a gamble at the expense of your nerves, health and money.
Futures: Psychological, Financial and Health Losses
Futures are simply betting on the price of a certain asset in the future, and if your prediction is wrong, you can lose everything in seconds. The problem is that most of those who enter this field use leverage, which magnifies profits if the market goes with you, but magnifies losses catastrophically if the market goes against you. This is exactly what happened to thousands of traders whose accounts were completely liquidated, and all this money went into the platform’s pocket.
It's not just about losing money, but the psychological pressure that comes with it is terrible. Imagine that you are living in tension every moment, your heart beats rapidly whenever the market moves, you are unable to sleep because of anxiety, and you are always afraid of losing everything in a moment. This pressure can cause diseases such as high blood pressure, heart problems, and psychological disorders such as depression and chronic stress. Simply put, it's not just your wallet that evaporates, but your health is also destroyed over time.
Are futures contracts forbidden? Yes, they are forbidden. We will explain why futures contracts are forbidden and dangerous.
Futures contracts have clear gambling elements, because you are not investing in anything real, but betting on the movement of the market, and this falls under the category of gambling, which is forbidden in Islam.
Otherwise, leverage makes the matter closer to usury, because you are taking out a loan for an amount larger than what you have in exchange for hidden interest in the form of fees and forced settlements.
All of this makes it completely far from any legitimate, sound transaction.
Instant Trading: The Best Solution 👍🏻👌🏻
If you want to invest seriously, away from stress and big losses, the spot market is the best choice.
Here you are buying the real asset, whether it is a digital currency, gold, or any other asset, and you actually own it.
No leverage, no forced liquidation, no risky bets.
Instant investing is the safe and legitimate way to make real profits without risking your life, mental and physical health.
The news about Binance revealed to us the ugly face of futures contracts, that they are not just a trading tool, but a trap that makes platforms earn billions at the expense of traders who lose everything in an instant. The losses here are not only financial, but also psychological and health-related. Therefore, it is better for anyone who wants to invest seriously to stay away from these gambles and focus on the spot market, which is more stable and secure, and without falling into religious violations.
Money is not everything, your health, peace of mind and the satisfaction of God Almighty are much more important than anything else.
Make your decision wisely, God’s satisfaction is more important than anything else and stay away from the traps that steal your life before your money. This is of course just an opinion, not financial advice. I would like to know your opinion in the comments. If you liked the article, like, share and make a nice comment like you so that we can continue to publish information and news first hand. Please, not an order. Good luck to all.
Happy Ramadan to all of you 📿🌜🥰