The price of Bitcoin plunged, causing 300,000 people to be liquidated.

The price of Bitcoin broke through 100,000 US dollars, and 200,000 people were liquidated.

This Bitcoin is indeed a scourge, a damn pyramid scheme coin, no matter it rises or falls, it can make a large group of people go bankrupt.

I guess, because of some regulations, news reporting on the price of Bitcoin must add words such as how many people have been liquidated to protect ignorant and innocent people.

Over the past decade, the price of Bitcoin has plummeted countless times in news reports (and countless people have been liquidated at the same time).

Strangely, in 2010, someone spent 10,000 Bitcoins to buy two slices of pizza, and one Bitcoin was worth $0.0025. Today, 14 years later, how did Bitcoin, which has plummeted countless times, rise to $10,000 per coin?

This is a question worth thinking about. Is Bitcoin too dangerous, or has the media reports distorted its true face?

The most prominent word in the news title is nothing more than the word "liquidation", which makes many people unconsciously associate it with fraud, pyramid schemes, and gambling.

No decent person would have a margin call, right?

Wait, so what exactly is a margin call?

Let me give you a definition: a margin call refers to a situation in which an investor's account in a leveraged transaction is forced to close due to excessive losses, resulting in insufficient margin to maintain the current position. In short, when the market price fluctuates unfavorably and the investor's losses exceed the remaining margin in his account, the platform will automatically liquidate the position, resulting in the loss of all account funds, or even the loss of all principal.

It doesn't matter if you don't understand, just look at the first few words - "in leveraged trading".

What is leveraged trading? The most common one is a contract, which is to guess the price rise or fall, and you can bet on different multiples. You can think of it as gambling.

If you use RMB to gamble, is it possible to lose all?

Then if you use Bitcoin to gamble, isn't it also possible to lose all?

If you use Bitcoin to play contracts, it is very likely to be liquidated; if you use other currencies to play contracts, it is also very likely to be liquidated.

However, there is still a difference. The worst result of playing contracts is to lose all the principal; if you use RMB to gamble, people may even lend you usury.

In other words, the problem is not Bitcoin, but those who use Bitcoin to gamble.

Nine out of ten gambling losses, no matter what you gamble, you will lose, and Bitcoin should not be blamed.

You will never have a chance to blow up your position if you buy Bitcoin itself.

In fact, every time the price of Bitcoin reaches a new high, the value of the coins in your hands increases.

Logically speaking, after so many sharp declines, it can still reach new highs repeatedly, which means that there are more surges, but the media was blind when it rose.

Maybe they also want to report it, but the content of the surge is not popular, and there are many reasons for this.

Regulators naturally don’t like it because Bitcoin represents freedom itself.

Passersby don’t like it because others make money, but I don’t, because I’m afraid of a liquidation and dare not touch it. I’m jealous and unhappy.

Gamblers who have a liquidation don’t like it. If they lose money, they don’t blame the casino or themselves, but the chips.

There is also an objective fact that the bear market lasts much longer than the bull market.

It is understandable that the media can’t report it when the rise is too short.

There is an opportunity hidden in this: the fact that bull markets are long and bear markets are short means that if you invest regularly, that is, buy a little every week or month and keep it, your average purchase price will be much lower than a full-handed bet, and the income will be more considerable.

Let's talk about the explosion, which is a professional term applicable to specific scenarios.

But it can also be roughly understood as losing all the principal.

There are some operations in the currency circle that can cause you to lose all your principal. Let's talk about the three with the highest probability.

The first is the contract. As mentioned earlier, the reason why it is classified as gambling is that the probability of your winning this matter is less than 50%. Once you enter the repeated game, the explosion is a matter of sooner or later. Because no matter how many times you win, as long as you lose one, you may lose everything. So can you stop playing if you win a big one? Gamblers all think so, and no one can do it.

The second is the full-handed dog, also known as the garbage coin. There are very few air coins that have no project background and are generated out of thin air. There may be a hundred-fold or even a thousand-fold increase, but 99.999% of the coins will return to zero. What is the probability of being selected by you? In fact, it is also gambling.

The third is losing coins. For example, if you put your coins on a certain platform, and the platform runs away, explodes, or is attacked by hackers, your assets will be gone. Or you click on an unknown URL link, authorize your wallet, and get phished. You save the wallet key on your computer, mobile phone, or print it with a printer, and it is scanned by hackers and the assets are transferred.

The above are three tips to help you go bankrupt in the cryptocurrency circle. Think about it the other way around. As long as you avoid the above three points, there is a high probability that you will dream of protecting your assets and stay away from the risk of losing all your principal.

If you are not ready to enter the cryptocurrency circle, you don’t need to read the following content.

On the contrary, if you are interested in the cryptocurrency circle but are afraid of risks, you can collect the following content.

Stay away from contracts and gambling.

Do a good job of asset allocation. It is not that you cannot buy dog ​​coins. You can try the probability, but you need small funds and be mentally prepared to return to zero at any time.

Fund security: assets are best placed in a decentralized wallet.

Key mnemonics are best saved by hand, do not copy and paste, do not take photos with any device that may be connected to the Internet, do not print with a printer, and do not expose them to a networked camera.

Large funds should not be placed in exchanges and platforms, including large exchanges such as Binance and Euron. After all, they are centralized. If you place them, you must be prepared to lose your assets.

Do not click on unknown links, especially phishing airdrop emails in the mailbox. No project will send airdrops by email. Don't trust any strangers.

Investment is risky, so be cautious in operation.

The price of Bitcoin plunged, causing 300,000 people to be liquidated.

The price of Bitcoin broke through 100,000 US dollars, and 200,000 people were liquidated.

This Bitcoin is indeed a scourge, a damn pyramid scheme coin, no matter it rises or falls, it can make a large group of people go bankrupt.

I guess, because of some regulations, news reporting on the price of Bitcoin must add words such as how many people have been liquidated to protect ignorant and innocent people.

Over the past decade, the price of Bitcoin has plummeted countless times in news reports (and countless people have been liquidated at the same time).

Strangely, in 2010, someone spent 10,000 Bitcoins to buy two slices of pizza, and one Bitcoin was worth $0.0025. Today, 14 years later, how did Bitcoin, which has plummeted countless times, rise to $10,000 per coin?

This is a question worth thinking about. Is Bitcoin too dangerous, or has the media reports distorted its true face?

The most prominent word in the news title is nothing more than the word "liquidation", which makes many people unconsciously associate it with fraud, pyramid schemes, and gambling.

No decent person would have a margin call, right?

Wait, so what exactly is a margin call?

Let me give you a definition: a margin call refers to a situation in which an investor's account in a leveraged transaction is forced to close due to excessive losses, resulting in insufficient margin to maintain the current position. In short, when the market price fluctuates unfavorably and the investor's losses exceed the remaining margin in his account, the platform will automatically liquidate the position, resulting in the loss of all account funds, or even the loss of all principal.

It doesn't matter if you don't understand, just look at the first few words - "in leveraged trading".

What is leveraged trading? The most common one is a contract, which is to guess the price rise or fall, and you can bet on different multiples. You can think of it as gambling.

If you use RMB to gamble, is it possible to lose all?

Then if you use Bitcoin to gamble, isn't it also possible to lose all?

If you use Bitcoin to play contracts, it is very likely to be liquidated; if you use other currencies to play contracts, it is also very likely to be liquidated.

However, there is still a difference. The worst result of playing contracts is to lose all the principal; if you use RMB to gamble, people may even lend you usury.

In other words, the problem is not Bitcoin, but those who use Bitcoin to gamble.

Nine out of ten gambling losses, no matter what you gamble, you will lose, and Bitcoin should not be blamed.

You will never have a chance to blow up your position if you buy Bitcoin itself.

In fact, every time the price of Bitcoin reaches a new high, the value of the coins in your hands increases.

Logically speaking, after so many sharp declines, it can still reach new highs repeatedly, which means that there are more surges, but the media was blind when it rose.

Maybe they also want to report it, but the content of the surge is not popular, and there are many reasons for this.

Regulators naturally don’t like it because Bitcoin represents freedom itself.

Passersby don’t like it because others make money, but I don’t, because I’m afraid of a liquidation and dare not touch it. I’m jealous and unhappy.

Gamblers who have a liquidation don’t like it. If they lose money, they don’t blame the casino or themselves, but the chips.

There is also an objective fact that the bear market lasts much longer than the bull market.

It is understandable that the media can’t report it when the rise is too short.

There is an opportunity hidden in this: the fact that bull markets are long and bear markets are short means that if you invest regularly, that is, buy a little every week or month and keep it, your average purchase price will be much lower than a full-handed bet, and the income will be more considerable.

Let's talk about the explosion, which is a professional term applicable to specific scenarios.

But it can also be roughly understood as losing all the principal.

There are some operations in the currency circle that can cause you to lose all your principal. Let's talk about the three with the highest probability.

The first is the contract. As mentioned earlier, the reason why it is classified as gambling is that the probability of your winning this matter is less than 50%. Once you enter the repeated game, the explosion is a matter of sooner or later. Because no matter how many times you win, as long as you lose one, you may lose everything. So can you stop playing if you win a big one? Gamblers all think so, and no one can do it.

The second is the full-handed dog, also known as the garbage coin. There are very few air coins that have no project background and are generated out of thin air. There may be a hundred-fold or even a thousand-fold increase, but 99.999% of the coins will return to zero. What is the probability of being selected by you? In fact, it is also gambling.

The third is losing coins. For example, if you put your coins on a certain platform, and the platform runs away, explodes, or is attacked by hackers, your assets will be gone. Or you click on an unknown URL link, authorize your wallet, and get phished. You save the wallet key on your computer, mobile phone, or print it with a printer, and it is scanned by hackers and the assets are transferred.

The above are three tips to help you go bankrupt in the cryptocurrency circle. Think about it the other way around. As long as you avoid the above three points, there is a high probability that you will dream of protecting your assets and stay away from the risk of losing all your principal.

If you are not ready to enter the cryptocurrency circle, you don’t need to read the following content.

On the contrary, if you are interested in the cryptocurrency circle but are afraid of risks, you can collect the following content.

Stay away from contracts and gambling.

Do a good job of asset allocation. It is not that you cannot buy dog ​​coins. You can try the probability, but you need small funds and be mentally prepared to return to zero at any time.

Fund security: assets are best placed in a decentralized wallet.

Key mnemonics are best saved by hand, do not copy and paste, do not take photos with any device that may be connected to the Internet, do not print with a printer, and do not expose them to a networked camera.

Large funds should not be placed in exchanges and platforms, including large exchanges such as Binance and Euron. After all, they are centralized. If you place them, you must be prepared to lose your assets.

Do not click on unknown links, especially phishing airdrop emails in the mailbox. No project will send airdrops by email. Don't trust any strangers.

Investment is risky, so be cautious in operation.