Post
Topic
Board Trading Discussion
Re: $9 Billion worth trades got liquidated in last 24 hours.
by
teosanru
on 21/05/2021, 22:15:11 UTC

High profit, high risk. We know that future market can give people boost in their profit. But they should understand risk behind it is big as it's possibility amount of profit. If me, i keep stay in spot trading because honestly i am not ready yet to lose all my assets. Although can set stop loss, i think me still not good at future trading and choose to buy then hold my coins.
At least when the market was green future traders who trade with leverage always smile after earning large profits so I don't see any reason for complain now that market is red I expected them to have taken risk into consideration in their trading, it was very unfortunate that a whopping $9 billion dollars was liquidated, to cut my losses I always exchange my Bitcoin to a stable coin to avoid this massive dumping of the price, indeed a trying time for cryptocurrencies investors.

This is actually where stablecoin is useful. But you need to be careful also which stable coin you will buy. Better choose the known and popular ones.
Stable coins were the best invention actually. Even though USDT was and still is criticized a lot for its lack of transparency and how enough dollars are not there to back it but despite that, I have seen its value has been consistently kept stable by the developers. I still find it much safer and accurate to dollar than BUSD, DAI, PAX or USDC even though they might be more advanced and more secure than USDT. I still remember those old days of 2016-17 when all you could see was the BTC trading pairs there was no way to buy alts using stablecoins but Binance slowly changed the fashion.
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