The Curse of Leverage: Awakening from "k BNB Get Liquidated"
In 2020, during the "3.12" incident, I nearly went bankrupt due to light leverage. Now, with even greater market volatility, the daily contract liquidation exceeds 1 billion USD. Leverage is the enemy of reason, not a shortcut to profit. In the current situation of increased volatility, prioritize deleveraging and switch to spot dollar-cost averaging, especially focusing on BTC and ETH. My principle: only buy the dip in Bitcoin, as it has the best liquidity and stronger resistance to declines; the rebound of altcoins may be a long time coming.
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The Curse of Leverage: Awakening from "k BNB Get Liquidated"
In 2020, during the "3.12" incident, I nearly went bankrupt due to light leverage. Now, with even greater market volatility, the daily contract liquidation exceeds 1 billion USD. Leverage is the enemy of reason, not a shortcut to profit. In the current situation of increased volatility, prioritize deleveraging and switch to spot dollar-cost averaging, especially focusing on BTC and ETH. My principle: only buy the dip in Bitcoin, as it has the best liquidity and stronger resistance to declines; the rebound of altcoins may be a long time coming.