The main operation I learned yesterday was to see what the contract was about.
I sold the #ALT I bought for 40 dollars, and then opened a 16x contract.
I saw everyone saying that contracts are prone to liquidation, and I thought that these few dozen dollars were just for fun, so it wouldn’t matter if they were liquidated.
After some operations, I realized that this so-called contract was just a gambling game of guessing the size.
It is equivalent to me using 40 US dollars of principal as collateral, borrowing 600 US dollars from Binance, and then betting on rising and falling prices. I am afraid that I cannot pay it back, so I set a liquidation price. When this price is reached, my margin will be confiscated, and the borrowed money for buying rising and falling prices will be forcibly sold to protect the interests of the borrower.
Fortunately, I was lucky and bet more on #BTC . As expected, the price went up today and the account showed over 70 dollars.
The liquidation price is 37,000 to 38,000, and it seems that I can still hold it. I plan to sell it when the account breaks through 100, and then learn to operate in units of 50. This is equivalent to having 2 chips, so I won’t be liquidated.
It is impossible to deposit money. With my small salary, I have to support my wife, mother and two children.
Just treat these few hundred dollars as a small bet for fun!
All current accounts are as follows:
Ouyibuy's #BTC also broke through $80 as it rose;
Binance: $70;
I used the other few hundred dollars to buy EOS, and then used EOS to buy 9M RAM. I bought it at 0.09, and now the price has reached 0.12, which seems to be a good upward trend;
I also spent more than 1,600 RAMS at that time, and now I don't know what to do with them. The current progress is 56%. I will wait until it reaches 100% to see if there is any change. I don't know how many RAMs I spent on one game at that time, so now I can't calculate how much I invested.
Overall, I should not have lost money as of today!
