This article is machine translated
Show original
Everyone says cash is king, and I've recently experienced that firsthand. As a Bitcoin bull, I firmly opened a long position around 90,000, only to be liquidated around 70,000.
Before the liquidation, I sent urgent text messages to every friend on WeChat asking for money, but unfortunately, no one replied. It took me an hour to block them all after the liquidation.
I'll keep tweeting. Musk's monthly allowance is enough to cover my living expenses, and that's enough.
The most important advice in the world: Don't use leverage/contracts/futures.
Everything was liquidated... The question is: liquidation? Or All In? Why use such a large leveraged position in the first place?!
Is the problem with leverage or with human nature?
If he didn't have much to begin with, then so be it if he loses everything. He can just deliver food and try to survive while saving up some more money.
If he already had a lot of money, he shouldn't have used a large amount of leveraged funds.
If he has a large amount of capital, he should use some of it to leverage his funds and gradually increase his capital, rather than going all in at once.
Don't blame leverage so easily...
Besides delivering food, you can also try contacting Aunt Bee: "I don't want to work hard anymore."
Auntie Bee has been ordering takeout for several days now 😭
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content





