Most likely this person or trader isn't not experienced enough, because PEPE coin has been hyped by many people in crypt currency world and it became popular for a short time but look at its price now, and that is the wrong move that person does, risking too much money in future trade, thinking that he could doubled or earn a lot from a single trade which is looks like he didn't think it throughly and must be pressured to trade futures in order to not miss the opportunity but in reality that is the trap mindset of a trader, 2 things that person does, is he used futures and increasing the leverage which is a very big mistake if you are not experienced enough then stay away from futures because it can eat you whole if you make the wrong decision in that trade, imagine the regret and stress that persin is going through now, I don't want that feeling.
Inexperienced? He's been in crypto for over 7 years and has made $1M try if I do it probably won't reach that number, I think he has been experience so he can make a lot of money in crypto.
But this is his own fault that I think all his assets are in PEPE not diversifying, then he traded futures without stop-loses or he forgot? I don't know what happened exactly.
This is clearly a fatal mistake, the money that has been lost a lot is unlikely to come back again in a short time, but that's the risk in futures will be liquidated if not doing a good enough discipline.
Experience is something that will really be determining on how well you would really be able to sustain yourself or would really be able to make yourself that knowing on how to handle into this unpredictable space.
You wont really be able to reach up on a certain state if you dont really know on how to hover up yourself well. Once you do gain up that sufficient experience then it would really be an advantage but doesnt mean that
you arent that prone to loses such as this one. If he's that been doing trading for how many years but it cant be able to removed out the risks that he could bust up all the money he has. There would really be decisions
and choices that we do make out on will it would really be causing for us to huge up that loss of money but of course it would really be that basing up into your own choice because if you've seen yourself
that dealing with high leverage then you do know about the risks involved with it.