The Poison of the Broke | The Frenzy of Gamblers | 100,000 USDT All In on Contracts
"Mom, I only have 0.23 USDT left in my account. Your son is a coward, if I come... there's a chance..."
This is the last text message before a 22-year-old college student blows up their contract.
Today, let's talk about the most exhilarating strategy in the crypto world — contract leverage! This thing can make you earn enough for a house in 10 minutes, but it can also make you lose your pants in just 1 second!
What is leverage?
Simply put, it's borrowing money to trade coins!
Assuming you only have 10,000 USDT, you can only buy one coin. However, if you open 100x leverage, you can buy 100 coins!
When playing with leverage, there is something called "margin." If the margin is lost completely, you will be forcibly liquidated, shortened as "forced liquidation," commonly referred to as "liquidation"!