Congratulations on $ETH's historic breakthrough of 3600 dollars!

My friend lost 20,000 USDT in this market movement.
Have you ever seen someone playing contracts without stop-loss, just mindlessly holding positions? My friend is like that.

The specifics are as follows:
Last month I chatted with him and said that it's hard to make money now, and it's tough to eat shit. He said he easily makes a few hundred thousand every day, just like receiving a salary.
Curiously, I asked him, and he said he had a stable method for making money with contracts, called the "averaging down method." It involves opening a small amount of contracts first; if you make a profit, you close it, and if you incur a loss, you add more contracts to lower the opening price. Generally, you will only need to average down a few times to make back the money.

As soon as I heard this, I laughed. Contracts are just gambling; where's the guarantee of profit! This method of averaging down is only suitable for markets with small fluctuations; once you encounter extreme one-sided trends, you will lose everything.
This method really can't withstand a big market move; it's like having infinite bullets. Otherwise, why would those big capital players work so hard to earn single-digit annualized returns through staking? They might as well just play contracts. Do you really think you're clever for inventing a high-yield method that guarantees profit without loss while everyone else is too foolish to understand?

I advised my friend not to play like this, but unfortunately, he was full of confidence and didn't listen at all.
Then this wave of ETH market, he started from 2600+, continuously increasing his position and margin to hold the order, and finally exploded at 3600 today.
It's really a pity that he is not wealthy, and he is very frugal with his spending on food, clothing, and daily necessities. All the money he painstakingly saved was wiped out by a single contract liquidation.

This is a true story. In this world, there are always some people who are mysteriously confident.

I advise everyone: contracts are gambling, not betting is winning.
Learn from what I am doing, building the MemeX project ecosystem at low cost, and earning long-term reliable profits is the way to last!

#MemeX # Memecore #kaitoAI