Post
Topic
Board Trading Discussion
Re: $9 Billion worth trades got liquidated in last 24 hours.
by
ultrloa
on 21/05/2021, 22:57:46 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,


Its our safe heaven from the dump especially on what happening today, I already secured my funds since the heavy dump seems pretty strong and I don't want to join the hodl party sincr its very frustrating to see the market dumping badly.

I know USDT is being criticize but as long as it serves its purpose well I will go here temporarily and once the fear ease up and market slowly recovers I will go back to the alts I support.