Bitcoin Pizza Day is coming soon In the spirit of Bitcoin Pizza Day, we celebrate the first real cryptocurrency transaction. Users can create posts on Binance Square with the hashtag #BinancePizza and the trade sharing widget to share any trades made during the event. All users who create eligible posts will share a reward pool of 1,000 USDC voucher tokens, with each participant receiving up to 5 USDC in tokens. Only posts on the Square that contain at least 100 characters and have at least 5 interactions (including likes, shares, comments, and retweets) will be considered eligible posts for Promotion A and/or Promotion B. Thank you all for your support, !#binancepizaa
Why do veterans say never to touch contracts?" Today, I will reveal the bloody truth that it's not that contracts can't be played, but rather that you don't know how to play!
1. High leverage contracts are "legal gambling" with 3 ironclad proofs Fee black hole: With 10x leverage, transaction fees will consume 0.1% of your principal, while 100x leverage skyrockets to 1%. This means you lose 1% even before opening a position!
Funding rate trap: Perpetual contracts charge an "overnight fee" every 8 hours, and the annualized cost for long positions can reach up to 45%!
2. Survival rules for low leverage contracts Professional traders who really make money use this combination strategy: Leverage below 3x 5% maximum loss per trade principle 1:3 win-loss ratio system
Data speaks: Backtesting shows that using a 2x leverage + strict stop-loss strategy, the BTC return rate in 2023 can reach 217%, while 99% of 100x leverage players don't survive past 3 months.
3. Two cognitive fallacies that will kill beginners "I can stop losses in time": The human brain secretes cortisol when facing losses, leading to the "paralysis effect". When losses reach 30%, 87% of people choose to hold on (data from the University of Chicago). "This time is different": A 2021 bull market survey showed that among beginners playing contracts: 92% went bankrupt within 6 months 5% barely broke even Only 3% made profits exceeding their principal
If you don't know how to operate in this market You can follow @影鸽 I have ideas, you have execution capability, and there's still a spot #币安Alpha上新 #山寨币交易 #Pnut
Create a post with #BinancePizza on Binance Square to share a total of up to 6,000 USDC token vouchers!
This is a general announcement; the products and services mentioned here may not be applicable in your region. Dear users: [币安广场](https://www.binance.com/zh-cn/square) launches a new event. Users can complete simple tasks to unlock a share of up to 6,000 USDC token vouchers. Event Time: May 15, 2025, 20:00 to May 29, 2025, 07:59 (UTC+8) Event 1: New users only - Complete tasks to unlock 50 Binance points and share 5,000 USDC token vouchers Qualified users who have never created a post on Binance Square before 20:00 (UTC+8) on May 15, 2025, can participate in this event to unlock rewards.