Haw
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Changpeng and the Mubarak Coin: The Dream THR Turns into Ramadan Disaster"
Soon it will be Eid, and Changpeng has a big mission: Get the THR through futures trading on the Mubarak coin!
"Why wait for THR from the office when I can make it myself?" thinks Changpeng.
With full confidence, he opens a 25x leverage long on the Mubarak coin with high margin. He puts in all his balance, including money that was supposed to be for buying Eid clothes and angpao for his nieces and nephews.
"Soon there will be big profits, Haw! This Eid, I'm giving angpao to all the kids in the neighborhood!" says Changpeng to his friend, Haw.
At first, Changpeng's plan goes smoothly.
The price of the Mubarak coin rises by 5%, and Changpeng's balance increases. He becomes more excited, already checking out catalogs of branded koko shirts and planning to upgrade his phone.
But, like the laws of nature in the futures world...
One minute later:
The price of the Mubarak coin drops a little. Changpeng is still relaxed.
Five minutes later:
The price drops deeper. Changpeng starts to sweat.
Ten minutes later:
BOOM!!! The Mubarak coin plummets by 30%!
Due to the 25x leverage and high margin, Changpeng's position immediately gets a margin call, and in a matter of seconds, his balance plummets to 0 rupiah.
Changpeng is stunned. His hands are shaking. He breathes heavily.
With a broken heart, he opens a chat with Haw:
Changpeng: "Haw… Where did my Mubarak go?"
Haw: "It's no longer Mubarak, Peng… That was Mubarat."
Eid arrives.
His friends are busy distributing THR, while Changpeng can only smile bitterly while eating crackers from the stall. When asked when he will give angpao, he just replies:
"No THR this year… only TR (Total Disaster)."
Moral of the story:
Don't use important money for futures trading, especially with high leverage and large margins. If you want THR, it's better to work hard than to rely on a penny stock!
Hope you enjoyed this comedic story! Sorry CEO Binance CZ for using the name🙏😁, I was just inspired to make a comedy 🙏. Has anyone experienced what Changpeng did? Or could it be... you are the next Changpeng?
Soon it will be Eid, and Changpeng has a big mission: Get the THR through futures trading on the Mubarak coin!
"Why wait for THR from the office when I can make it myself?" thinks Changpeng.
With full confidence, he opens a 25x leverage long on the Mubarak coin with high margin. He puts in all his balance, including money that was supposed to be for buying Eid clothes and angpao for his nieces and nephews.
"Soon there will be big profits, Haw! This Eid, I'm giving angpao to all the kids in the neighborhood!" says Changpeng to his friend, Haw.
At first, Changpeng's plan goes smoothly.
The price of the Mubarak coin rises by 5%, and Changpeng's balance increases. He becomes more excited, already checking out catalogs of branded koko shirts and planning to upgrade his phone.
But, like the laws of nature in the futures world...
One minute later:
The price of the Mubarak coin drops a little. Changpeng is still relaxed.
Five minutes later:
The price drops deeper. Changpeng starts to sweat.
Ten minutes later:
BOOM!!! The Mubarak coin plummets by 30%!
Due to the 25x leverage and high margin, Changpeng's position immediately gets a margin call, and in a matter of seconds, his balance plummets to 0 rupiah.
Changpeng is stunned. His hands are shaking. He breathes heavily.
With a broken heart, he opens a chat with Haw:
Changpeng: "Haw… Where did my Mubarak go?"
Haw: "It's no longer Mubarak, Peng… That was Mubarat."
Eid arrives.
His friends are busy distributing THR, while Changpeng can only smile bitterly while eating crackers from the stall. When asked when he will give angpao, he just replies:
"No THR this year… only TR (Total Disaster)."
Moral of the story:
Don't use important money for futures trading, especially with high leverage and large margins. If you want THR, it's better to work hard than to rely on a penny stock!
Hope you enjoyed this comedic story! Sorry CEO Binance CZ for using the name🙏😁, I was just inspired to make a comedy 🙏. Has anyone experienced what Changpeng did? Or could it be... you are the next Changpeng?
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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