Recently, Ethereum and others had a rare rally, and I saw a group friend go long on $ETH . After a small pullback yesterday and today, his position blew up. I asked him, 'The price just dropped for a day, why can't you hold on?' He replied: 'I used high leverage to go all in.'..... Oh my god, I am speechless.
Crypto can easily be a money grab, but this market, lacking innovation, is currently just making money from gamblers. Are you here to make money or to give money away?
Repeat three times: Don't use high leverage, don't use high leverage, don't use high leverage!
In this market, surviving longer is more important than making quick profits.