In the crazy currency circle, players are racing against time. Some people have doubled their principal, while others have experienced their wealth being wiped out instantly.
This week, the currency circle has experienced a bloody storm. According to CoinGecko data, cryptocurrencies lost more than $600 billion in the previous week. Thrilling plots are staged every night, and many people wake up with their accounts cleared.
Double in 1 hour and liquidate in 5 minutes
"When I woke up in the morning and saw that my position was being forced to be liquidated, I shed all my tears for so many years." Xiao Wang, who graduated this year, took the 40,000 yuan he borrowed and the 60,000 yuan his parents gave him to keep, and invested them all in Ethereum. . Shortly after entering the market, I encountered a liquidation, and 100,000 yuan was instantly wiped out.
Another young man, Xiao Chen, used the 30,000 yuan he had saved, plus the 50,000 yuan borrowed from his family, and the loan of 20,000 yuan, to invest all in Dogecoin and Ethereum. In just half a month after entering the currency circle, Xiao Chen lost all his 100,000 yuan principal. "I've been gambling against the odds." Xiao Chen admitted that he had a "gambling" mentality. Just 15 days ago, he was still a novice who didn't understand the currency circle. "I didn't understand anything, so I bought randomly. At the beginning, 5x leverage, then directly go to 20x leverage.”
"Use a small to make a big difference"! Some players have engaged in ultra-short-term trading, and one blogger even broadcast the entire process live: the first order, buy 100 yuan of Dogecoin, and earn 1 Tether (a token whose value is anchored to the U.S. dollar); 10 minutes Afterwards, he bought a second order and soon earned 10 Tether coins...
However, although this blogger relied on ultra-high leverage and 1-minute ultra-short-term trading to achieve nearly doubling in 1 hour, he could not escape the fate of zero in the end: in a high-leverage transaction, he accidentally experienced an explosion. position, the principal was lost instantly.
One blogger said unwillingly: I will come back! With a principal of 1,000 yuan and a leverage of 50 times, you can open a 25% position and close the position if the profit of each order is 20%. If you make 10 orders a day, is it difficult to make a profit of 500 yuan a day?
However, more people who failed the challenge said they would never dare to play like this again. Some people lamented: Never play with the contract. It doubled in one hour, but after 5 minutes, it was reset to zero. This is clearly gambling.
College students “speculate” in currencies: they lose sleep every day because of the rise and fall
Recalling the days when he invested in encrypted digital currencies two years ago, Tan Ning, a junior studying at a university in Guangzhou University Town, is always very grateful for his decision to "get out of the trap". Before entering the "currency circle", Tan Ning had many fantasies: she made a bold bet and became rich overnight. From then on, those enviable brand-name cosmetics and bags were no longer distant to her.
"The cost of stock trading is too high." Tan Ning told reporters. For college students who do not have investment support from their parents, the entry barrier to the stock market is quite high. Since the companies they are familiar with are often huge, the stock prices are relatively high. One lot (100 shares) is often their living expenses for the past month.
Compared to stocks, the cost of investing in cryptocurrencies is extremely low. "You can buy thousands of coins for a meal." Tan Ning said.
During a conversation with a senior, Tan Ning accidentally learned that the other student was making thousands of yuan a month by speculating in coins. This made her very interested in the "currency circle", and the real case of Zhuyu, an acquaintance, strengthened her confidence. She made up her mind and decided to spend 1/4 of her living expenses (approximately 400 yuan) every month to "speculate in coins" with her seniors.
"He started making investment attempts very early and has a flexible mind. It would be much better to follow him than to make my own judgment." This investment method of blindly following the trend did not show any drawbacks at first, and Tan Ning also lived a good life because of it. A "good life" with a daily income of tens of yuan.
However, the good times did not last long. The price of one of their favorite cryptocurrencies, EOS, has plummeted.
Tan Ning's senior was also very optimistic about EOS. Under his leadership, Tan Ning replaced all the encrypted digital currencies she held with EOS. However, in fact, her investment structure was completely different from that of her senior. The senior's main positions are Ethereum and Bitcoin. Purchasing EOS is only used to adjust and enrich the entire position structure and share part of the risk. This failure on EOS did not have a big impact on him. But for Tan Ning, EOS means everything, and the plunge caused her to lose almost all her early gains from currency speculation.
The failure of his investment in EOS made Tan Ning lose confidence in cryptocurrency. She suddenly discovered that investing in the "currency circle" was no easier than working part-time. Because the principal is thin, it is difficult for her to diversify her investment structure, and she often can only "stud" in the same encrypted digital currency. It is precisely because she bet too much on the same encrypted digital currency that she has to spend a lot of time every day paying attention to various transaction information on the currency purchase platform. Every second of the rise and fall makes her terrified. #荣耀时刻