Why do so many people like to trade contracts in the cryptocurrency market?
Superficial reason: Because of greed
Deeper reason: Not only do they possess the first point, but they are also both foolish and lazy
Explanation: I am not against contracts; this thing is essentially a financial derivative, a neutral product.
What I mean is that many people are greedy, foolish, and lazy. They are foolish because they don't know how to use options, and lazy because they won't become a P trader to analyze the blockchain, so they only trade contracts.
And greed is because if you trade BTC honestly, control your position, you won't have any problems; you are no different from those trading XAU/Forex.
But some people are just greedy, leveraging to the max and going all in on altcoins.
In the cryptocurrency market, if you want to make money, there are only two paths.
Either you follow the rules of the cryptocurrency market, analyze the fundamentals, and accumulate spot altcoins during a bear market.
Or you trade BTC as a futures contract, just like gold, following the standards of a professional trader.
As a result, a group of people dabble in both, becoming what was described above.
If you are just entering the market, come to me, follow me, and I will teach you to learn while you operate;
If you are already in the market and it’s not going well, you can come to me, and I will help you. I won't let you make the same mistake again. If your position is trapped, I will provide a reasonable way to break free based on your entry point.
Because everyone's trapped point is different, the methods to get out will also vary; some are suitable for conservative traders, while others are for aggressive ones.
I will definitely use the most suitable method to genuinely solve your problems and assist you in exiting.