Speaking of the myth of getting rich, the one that happens every year besides buying lottery tickets is the currency circle. Everyone knows that the probability of buying a lottery ticket is 0.0000 in 10,000. I won’t go into it later. After all, there are only a few people who get rich through lottery tickets. Moreover, it is said that there are always Shady. But the currency circle is different. This is also its charm. Maybe at a certain moment, you follow the trend and buy a certain coin. You are busy with your work and life and forget about it. Wait until you think of it one day. Looking at the wallet, I didn't know it. I was shocked when I saw it. The coins I bought for a small amount of money are now worth several years of my salary? It immediately added icing on the cake to my life. Of course, this is not groundless nonsense. This is something that actually happens every year in the currency circle. From last year’s Dogecoin and Shitcoin to the previous Bitcoin and Ethereum, every year The rise of each currency will give birth to batches of small rich people. At that time, active groups will burst out who bought a certain currency. They forgot about it. When they looked at their wallets, they suddenly became multi-millionaires. , and there was also a previous private equity incident. It is said that a young man invested all his tens of thousands of dollars. Later, on the day he got the coins, before he could sell them, he got into a fight and was sent to the detention center. He stayed there for three months. , the currency has been ups and downs in the past three months, ups and downs, the previous group of private investors sold at the right price, and it happened to be in the third month that the currency exploded, and when young people came out , thinking of this, I quickly looked at my wallet. Good guy, the principal has increased from tens of thousands to more than 30 million. Although these examples cannot be said to be extremely rich, compared with the previous life, it can be said that N years of struggle have been saved, and I have been able to get out of the poverty area immediately. As long as the money I earn is used properly, I can live for the rest of my life. It's pretty good.
Of course, the above are all myths about the currency circle, just like pie in the sky. Sometimes we can’t just focus on the pie in the sky, but also pay attention to the traps on the ground️. Today we will mainly talk about the traps in the currency circle. That is a pit️.
The No. 1 Pitfall in the Currency Circle: Contract Leverage
This is nothing new in the currency circle. With contract leverage, you use your money to bet on the ups and downs. This is no different from betting big or small in the casino before. Let’s briefly talk about what is a leverage contract? You just go and bet against the exchange. What are you betting on? Betting on big or small, for example, I use my principal to open a leverage contract, and open a leverage contract of ten times. I bet long, and I am bullish on the price of the currency. When the currency rises by 1%, the exchange will pay 10%. My profit, if I open a contract a hundred times and still bet long, when the price drops by 1%, all your principal will be lost. Don't think it seems fair, think about it? If you play leverage with the exchange, the winning rate is far lower than 1:1. Everyone knows that the exchange has a very magical tool called background data. The exchange can see everyone's data in the background. You are betting more, he is betting less, you are betting up, and he is betting down. What is your leverage and where is your take profit? The exchange knows it all clearly. Assuming that 80% of the people on the exchange are buying long, then the exchange can use all users’ coins instead of the exchange’s own money to drive down the price of the currency and let those who are long People are liquidated. On the other hand, if 80% of people are short, I can pull the currency price up and let the short sellers liquidate their positions. So if it’s 1:1, 50% of people are short and 50% are long, then it’s a double kill of both longs and shorts. At this point, you can take a closer look. You are betting against the exchange. What you are betting on is the price of the spot, whether it will rise or fall. The price is reported to you by the exchange. No matter how many times you use leverage, as long as you win, the exchange will use its real money to replenish it for you. From ancient times to the present, people who open casinos must have achieved great success, but which gambling person can reach the pinnacle of life? Therefore, everyone in the currency circle must stay away from contract leverage.
The second pitfall in the currency circle: Tugou copycat. Everyone in the currency circle must have their own communication group, and many people in the group broke the news that they became rich by buying Tugou copycat. This kind of currency has indeed risen astonishingly, and sometimes it can sell for hundreds of dollars in an instant. Everything is normal, and it is the same when you fall. If you fall sharply, you don't follow the big pie. The only thing you want to do is run fast. If you go to Zhihu and search for content related to the currency circle, someone will ask what is the 100-fold coin this year, what is the 100-fold coin in the second half of the year, and what coin is suitable for investment this year? Then someone answered below, what kind of team trading is such and such a currency? It is currently in its initial stage. It is said to start at a hundred times and set sail at ten thousand times. In fact, these are team marketing, asking and answering questions, and the purpose is to CX their own copycat soil. Dogecoins allow more people to enter the pool. After all, the sickle has been sharpened, and they are just waiting for the leeks to grow up and be harvested. In fact, as long as you observe carefully, it is not difficult to see that a certain time of year is when certain coins are born. However, the lifespan of these coins is too short, and most of them do not survive more than half a year.
The third pitfall in the currency circle: Trusting others, various tutors, and various VIP groups that spend a lot of money to join, you think you have found the noble person in your life, but in fact, you don’t know, the institution and these people are all joint partners, etc. This group of people joins the group to carry the sedan chair. Every day they make money in the group, draw big cakes, and talk about support positions and points. You think you are about to reach the peak of your life, but don’t you know that leeks must be cultivated first? I have been lucky enough to hang out in some communities, where there are passionate young people and ambitious and heroic uncles. Even if they don't usually say a few words, as long as the big boss gives an order, it will be stud, credit card, online loan and all kinds of tricks. , handing over the chips to others, and watching others cut them off, let’s make a beautiful increase first. The big boss in the group said directly that the good news has not come out yet, and the institutions have not entered the market yet. We are the highest priority group. In a few days, On the same day, institutions entered the market. Can you imagine how many times the increase can be? After saying a few words, everyone's blood was boiling. Watching the increase, the balance of the wallet continued to increase. The group immediately discussed buying cars and houses, and they were all luxury cars such as Panamera, Porsche, and Ferrari. Then they gradually dropped. , the big man spoke again, don’t be afraid, normal callback, in order to show a beautiful K line tomorrow, and then fall again, the big man spoke again, don’t ask, just ask to increase the position, everyone is excited, there are all kinds of loans, all kinds of To cover the position, I saw it the next morning. Good guy, it fell back to its original position. The boss once again gave everyone a shot of reassurance. Institutional airport, this position is the position where institutions enter the market. Don’t panic. In the past, the currency will be a hundred times a thousand times. Who hasn’t gone through all this before rising? Keep calm, wait until one day later, it has been cut in half from the original price. At this time, the big boss doesn’t talk much anymore, and he doesn’t give everyone blood and reassurance like before. Just a word or two, waiting for news, don’t be impatient. Then everyone complained and complained impetuously in the group. Those who bought less were fine. Some people bought all the gift money, and some borrowed money and cut it in half in two days. 100,000 turned into 50,000. No. Cut it, because you're afraid it will continue to fall. Cut it, but you're afraid it will suddenly rise and block your own path. The above is not a story, it is a scene I actually saw in the group, so in the end it is useless to blame others.Capital is very bloody, and capital is very rich, but capital does not engage in charity, and it is impossible for them to engage in loss-making business.
There are far more pitfalls in the currency circle than these. I have not been in the currency circle for a long time, so I want to write down all the pitfalls and scams I have experienced as an article, so that other newbies can see and be more vigilant.