My little partner was liquidated by 120 million ......
On May 7th, a young lady came to me and said that one of her eldest brothers had opened a short order of 600 BTC for $88,500, and I looked at the screenshot she sent me at that time, and it had lost $6.44 million. The eldest brother asked the younger sister to ask me if there was a risk of liquidation (liquidation price $101,553), and BTC was around $97,000 at that time
This young lady is a fan of mine (I don't know if the eldest brother is not), and she has listened to my classes offline, so we added WeChat to each other. She reads every tweet I have repeatedly, and sometimes if she doesn't understand it, she will send me a WeChat message to ask me. It can be regarded as a more familiar partner who often communicates.
Usually I don't give any investment advice to my friends. But when I saw the amount, I was still very shocked. The first reaction was to help her, so I replied without much thought that it was recommended to make up the closing price to $12w, and $101,553 was definitely not safe. Although I'm not saying that BTC will definitely not reach 12w, in my cognition, with the current data, there is still room for gambling in the short term.
I know that it is irrational to suggest compensation at this time, but at this moment I can't persuade him to surrender and admit defeat and close the position immediately. When life and death hang by a thread, we have actually lost the right to choose a strong man to break his wrist. Such a large position has opened 10 times leverage against the trend, and it is obviously powerless.
The next day, the young lady sent a message saying that the eldest brother had blown up the position, and 120 million was gone......
120 million, which should be an amount that most people have never seen in their lives, disappeared overnight, which really makes me feel extremely sorry. It's not a joke, it's a real event that happened to me.
Leverage is an extremely sharp double-edged sword, and ordinary friends simply can't control it. Maybe you often see bloggers who will post their brilliant record in the contract, and you will definitely have 10,000 reasons to convince yourself that "why others can do it and I can't".
But! What I'm saying is however, what you see is what others want you to see! However, in fact, there are countless "big brothers" who are far superior to you in ability, strength, and insight on the contract battlefield, and they have also lost their money. And these are things you can't see!
Be sure to remember! In the currency circle, we are not competing with who earns more, but who lives long......
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