The most real thoughts in the cryptocurrency circle, personal experience:
This month, I traded Bitcoin + and other virtual currencies +, I tell you the cryptocurrency circle is not suitable for play. Those who want to contradict me are either merchants, or staff inside, or those who issue currency, leading people into a trap!!!
I deposited a total of about 2000 yuan, roughly 300 U. Overall, in the early stage, you might earn a little money, but based on big data models, you'll lose money, because it doesn't require you to lose many times, just once is enough. Small capital simply can't grow big, this is true.
If you have 100 U, how long does it take to multiply it tenfold? Opening 50x leverage, is it enough to earn five times first?
Very well, then they start doing price manipulation. What does price manipulation mean? It means blowing up your contract and then pushing it up, which is a gambling behavior, and it's a competition of who has more money.
If you open high leverage for arbitrage, it won't make money. Opening 50x, after twenty trades equals your principal. You can calculate how much of a pit it is.
You might say that you earn a lot, but I ask you how many points do mainstream coins rise on average in a day? Let's say two points, even if you earn one point, when you lose, you lose less, your money ultimately still goes to the exchange +, meaning after twenty trades, if wrong, just cut loss.
Secondly, there is the issue of capacity. Altcoins + twenty points a day, is there room for speculation with a dozen points?
I can tell you painfully that there is no, absolutely no, 3 million in 24-hour trading volume. Frequent trading is just gambling against the exchange, or against the people inside, namely those who issue coins, people who have almost no cost to acquire coins.
Suppose you have 40 U and open a 50x leverage, that means you generate 2000 U in trading volume. If you do high-frequency trading 5 times in an hour, that means a 24-hour trading volume of 240,000. With 3 million trading volume, you, with 40 U, have traded almost one-tenth. You can see who you are naked running against, I don't need to say more.
If you buy Bitcoin, generally how much money will it take to buy Bitcoin? Generally, small amounts can't buy it, at least need to start from 5-6 U!
If a person buying Bitcoin has 4000 U, isn't this 30,000 yuan not much? Similarly, what is the amount of high-frequency trading in 24 hours? If you open 50x leverage, that is 24 million in trading volume. According to the worst trading volume, the trading volume of Bitcoin is 1 billion. You are at a ratio of 2.4:100 with the trading volume. If you invest 4000 U in high-frequency trading in the cryptocurrency circle, aren’t you gambling with the house?
Another person asks, isn't it okay not to do high-frequency trading? What are the consequences of not doing high-frequency trading? Price manipulation blows up your position. Do you believe it? If it doesn't work, it blows again.
That is to say, unless Bitcoin surges or plummets to make money, otherwise it will still be running naked in the cryptocurrency circle. The cryptocurrency circle is not suitable for high-frequency trading.
Since high-frequency trading is unsuitable, there's no need to play. Buying stocks or futures, isn't that more solid? Plus, there is no so-called price manipulation, and it's also very difficult. Generally, there are spot restrictions*, but what is there in the cryptocurrency circle? Many just buy their own coins, there's no social value.
Dreaming of getting rich in the cryptocurrency circle is less likely than finding a wealthy woman or man.
This is why the cryptocurrency circle cannot create wealth, nor can it do anything, it's just a pit. Merchants take transaction fees, which can be about 6%. If you keep transferring back and forth, after ten transfers, your money will be gone, which is the second major pit.
My lesson of 2000 yuan, after experiencing liquidation 10 times, I hope future people remember. I started with 10 U, then added a bit more, and I've tried it out for you all, it cannot create wealth, it cannot create wealth.
