Liangxi was previously called a gambling dog by others. I don't understand why there are still people willing to follow its trades?
The Liangxi incident has been a star-level topic in the cryptocurrency circle. Since the Ah Chao incident last year, every event involving Liangxi has sparked huge reactions. Until this year, rumors spread that Liangxi's high leverage contracts had turned around. What should have been seen as mere entertainment has led many to follow Liangxi blindly, even developing a kind of faith in it. On the day Liangxi opened a position, many said they made dozens of times their investment by following with just a few USD. Shouldn't such things be viewed primarily as hype? Yes, on that day Liangxi did have a high profit rate, but those who multiplied their few USD by dozens really belong to the category of pure gamblers. This single piece of news has left countless people with nothing left to lose.
Today I saw that some brothers directly followed Liangxi's trades, probably thinking that with so much money, they wouldn't get liquidated. Until they woke up to find the exchange had wiped their accounts clean. I can only say I feel sorry for you. From a personal perspective, the blame lies more on oneself. Firstly, given the current market conditions where bottom fishing and rebound can yield profits even with eyes closed, why would anyone hand over their funds to an unknown and high-risk individual for trading? You could say Liangxi has some ability, and it does, but to be honest, many of its operations are just gambling. High leverage contracts are gambling in themselves; there's no real technique involved. If everyone could grasp the ups and downs of BTC, then there would be no poor people left in the cryptocurrency circle, no small retail investors. High leverage contracts are essentially pure gambling, and yet you're handing them over to someone who is purely gambling to operate. The probability of winning can almost be said to be nonexistent. From Liangxi's initial no-loss profits to eventually losing it all back, I don't know how many people got liquidated.
So think carefully, where did the funds and fees from those who got liquidated go? It went to the exchange. So why did the articles claiming that following Liangxi with a few USD could yield dozens or even hundreds of times the profit suddenly go viral? Is there really no one pushing this narrative?
Now, for those who followed Liangxi and got liquidated, do you think these people deserve sympathy? Feel free to discuss.
This article is not aimed at anyone in particular, just my personal opinion.
