The most indispensable thing in the B circle is to get rich overnight, and the most indispensable thing is miracles. You may have heard of someone who found love instantly after recovering their Bitcoin from years ago. There are also friends of friends who bought altcoins and their prices increased hundreds of times. If you want to buy a car or a house in the city where you are struggling, today we will tell you a recent story of rapid wealth. Earning 1 million with 500 yuan can be said to be a textbook miracle. But in the end, the difference from 1 million to 10 million was only 3 seconds, and 10 million passed by in 3 seconds, which is really a pity.
There is a saying that you will never make money beyond your knowledge unless you rely on luck. But money earned by luck is often lost by strength, which is inevitable. Every penny you earn is due to the realization of your understanding of the world, and every penny you lose is also due to the flaws in your understanding of the world. The greatest fairness in this world is when a person's wealth is greater than he realizes. There are a million ways in this world to harvest you until your knowledge matches your wealth. Therefore, you must read more of my articles and expand your knowledge.
On the evening of May 21, 2019, according to reports, when the U.S. Copyright Office was granting proof that Satoshi Oban was the author of the Bitcoin white paper and code, upon hearing the news, BSV on the exchange was ready to move, and it rose straight up, rising by 50 %, many people followed the trend and bought quickly. At this time, the protagonist of the story also immediately bought, but not just buying, but a perpetual contract with 100 times leverage. He bought 75 USDT with RMB 528, and went long leverage when BSV was 120 dollars. 100 times, when it reached 158 knives, I successfully earned 70,000 yuan. Maybe most people will stop at this time, after all, they have made so much money, but the main game feeling is very good, they quickly shorted BSV when the price was 150 dollars, and they made the right direction, making 300,000 yuan. Even a master trader has to stop at this time, after all, he has already earned 300,000 yuan from 500 yuan. But the reason why the protagonist is the protagonist is because he is different from what ordinary people think, and ordinary people dare not do what ordinary people dare not do. The protagonist did not stop, but quickly backhand and went long. This time he was right again, and he had already made a profit. 1 million, compared to 525 yuan, 1 million can be called a pure profit. It is simply a classic case of a white wolf with nothing. However, the protagonist is not satisfied at this time, but wants to make a little more, because 10 million is right in front of him, and the opportunity cannot be missed.
The direction is right, but the result is a tragedy. What is sad is that 3 seconds occurred that were inconsistent with the direction of the protagonist. These damn 3 seconds made the last 1 million quickly return to zero. It is a pity so far. 10 million disappeared, and it only took more than 10 minutes from getting rich to being liquidated. From 1 million to 10 million, it finally returns to zero in only 3 seconds.
So should we add leverage when speculating on b? In fact, leverage is not a question of how much you earn, but how long you can live. Last year, the total number of people who came to OK headquarters to defend their rights was close to 100, for more than a month in total. It was either because of other reasons or because many people lost a lot of money using leverage. Most of them lost more than 500,000 yuan, and the highest loss was more than 500,000 yuan. to 120 million
In the eyes of ordinary people, 120 million is probably regarded as freedom of wealth. Even in the eyes of Wang Sicong's father, 120 million is considered a small goal, let alone the general public. Some people say that poverty limits my imagination. 1.2 billion, why not diversify your investment? However, some people say that 120 million may be a fraction of what people have dispersed, and their imagination is limited. Because futures have continued to make money, troubles and rights protection have continued. In fact, the cryptocurrency futures play on OK is not the earliest Bitcoin futures. The earliest domestic Bitcoin futures exchange on OK is 796 Exchange. For players who have not played on 796 Exchange, it is difficult for you to say I am an old leek. The biggest difference between futures and spot is that one is two-way operation and the other is that leverage can be added.
People often say that these two things have advantages and disadvantages. The advantage is that you can make money by shorting even in a bear market. The most famous ones are Soros who made a lot of money by shorting the Thai baht, and Paulson who made a lot of money by shorting subprime mortgages in 2008, and you can make a lot of money with very little principal. b: You have to take a huge risk to bet on the direction of shorting. Shorting may not be able to survive the market decline before being out.
During the Nasdaq bull market in 2000, Wall Street's Tiger Fund, which made a splash during the bull market, saw its fund size drop from US$25 billion to US$6 billion due to short selling. Even Tiger Fund had to close during the bull market. Secondly, you may lose all your principal and never have the chance to enter the casino again. Everyone usually thinks so, but this statement is not accurate. A more accurate statement should be that futures are beneficial to smart people and expert traders. Leverage will allow some smart people to transfer risks, and leverage will also make lucky people get rich overnight. But for those who are not good at trading and are not lucky, it is simply the beginning of a nightmare. You have to admit that there are smart people in the world, there are stupid people, there are people who are very lucky, and people who know a little bit, and some people can even learn without a teacher, while others cannot be taught no matter how hard they are taught. So what kind of person are you? You can ask yourself quietly in your mind, or you can try to answer it quietly. But in trading, sometimes the risk can be transferred to the counterparty, and sometimes there is no chance to transfer the risk to the opponent. Smart people can't, and the lucky ones will eventually become unlucky, even Nobel Prize winners. Unfortunately, it failed. Contracts are the main battlefield for hedge funds, and many people think that they are hedging risks by speculating in contracts. The name hedge fund may confuse people into thinking that it is a safe investment, like a gamble without any risk. But this time the terminology is not very accurate. Hedge funds are a playground for rich people who just want to get richer. Investment cannot focus on the highest and lowest returns. Investment should observe long-term compound interest. Since the prices in the market show Brownian motion and normal distribution, the combination of investments must be constantly balanced and rebalanced. Even if it is necessary to trade every minute, it will also generate a lot of transaction fees. Perhaps the most frustrating of all is the normal distribution. The characteristic of the normal distribution is that most of the world it describes will fall around a mean, within a relatively small area. If you draw the curve of this normal distribution, it says a medium curve, 99. 7% of events are contained in this medium-sized main body, and only 0. 3% occur in the left or right tail. In other words, extreme events have a very small probability.
So why should we care about things that don’t happen normally? Have we overestimated its importance? The answer is no. The most interesting fact in the investment market is that trends such as surges and crashes are not located in the middle of the mid-sized curve, but at the tail. This is where the normal distribution can lead us astray. Unencountered events, such as seeing a black swan in consecutive years of drought. Dow Jones volatility had only one day of greater than 2% volatility between 2004 and 2006, and the following year in 2007, it happened 14 times with Bitcoin. The super bull market of 2017 does not happen every year, and the pessimism in the second half of 2018 is not long-lasting. Bull markets are always born in pessimism, grow in doubt, mature in optimism, and die in excitement. The market is not static. Back to the topic, the risks in the derivatives market are huge, and even small risks may occur. Even smart Nobel Prize winners cannot predict it, and I am afraid it will be even more difficult for the general public.
Investments are often garbage in, garbage out, but being able to lose 120 million on OK is really because poverty limits my imagination. Many people attribute losses to OK and start trading futures contracts. This is wrong. Investors attributed $120 million to OK the same way traffic accidents are attributed to automakers. Gamblers will never understand that they are not betting against luck or the banker, but against masters such as Dilly, Craik, Endeavor, Gosner, Shenyang, and Kelly.
What is the probability of winning in mathematics? Because the exchange design is like a casino, it concentrates the mathematical experience of the limit equation of probability set. As long as an ordinary gambler continues gambling for a long time, he will eventually lose twice as much money, because the constantly generated handling fees are enough to consume all your principal. Zhao Changpeng, the founder of Bian, once said bluntly that the best way for Bian to make money is to rely on transaction fees. Compared with other businesses, it is the most open and transparent. Du Jun, former currency co-founder and founder of Golden Finance, once said in Moments that exchanges are still the best business in the currency circle. Since the beginning of this year, b'an's BMB has increased more than 8 times, exceeding most people's imagination. Mocha, which was the first to launch VDS, saw an increase of 126 times. However, is this currency speculator who made 1 million from 500 people and was only 3 seconds away from making 10 million and finally lost it to zero? Is he lucky or unlucky? Also, whether you can use leverage to trade futures, in addition to market factors, you must consider whether you want to use leverage to make money from market fluctuations, money from your opponent, or money from the exchange owner, that is, the casino owner.
For small retail investors, casinos generally believe that wealth is infinite. If you can't beat them, they can eat you. In the eyes of casino owners, there are only two kinds of people in the world, one is the poor now and the other is the poor in the future. If you want to truly win this bet, there is only one rule, and that is never bet. If you don't want to lose money in futures trading, you shouldn't trade futures.
If you think you are a person who is not bad at luck, you can increase the leverage by 10 times to let you feel the beating from society. If you feel that you are extremely lucky, just increase the leverage by 100 times and let the world teach you how to be a new person. Then finally, are you a lucky person, a smart person, or someone who often gets liquidated?