Some people made $700,000 in MEME coin, but most people lost money

I was chatting with a friend. He said that he has been in the crypto market for more than 6 years. He started playing futures at the beginning and had a brilliant record of making 200,000 USDT from 1,000 USDT.

He once had nearly 100 BTC, but in the end, he lost all of them because of futures.

He is still playing in the market and taking orders on some platforms. Sometimes he makes money and sometimes he loses money. The income is sometimes good and sometimes bad.

In 2018, the price of Bitcoin was only more than 3,000 US dollars. If he hold BTC until now, 100 BTC is worth more than 6.7 million US dollars, which is already financial freedom.

I don’t know if he will regret losing most of the money in the futures now. If he doesn’t toss, will he make money lying down?

Of course, the 100 BTC were also earned by futures. They were earned by luck, and they were lost by strength.

The current price of BTC is 67,000 US dollars

Futures magnify the profit and loss ratio, making it easier to make money and lose money.

Last week, the market fell sharply. The day before, the price of Bitcoin fell from 67k to 63k, and the next day it rose from 63k back to 67,000 USD.

A friend posted a BTC future order, opened a 125x short order at 67,000, and failed to realize a profit of 3 million USDT.

But the price rose back the next day. If the position was not closed at that time, the profit would return to the market, and even the principal would be lost.

The crypto market is ongoing 7*24 hours a day, and there are counterparties at every moment. It seems to be an opportunity, but there are very few people who can grasp it accurately.

You may make a lot of money at this moment, and the next moment it will explode/fall up and down, and the profit will return to the market completely, or even lose the principal.

How much risk you can bear, how much profit you can get.

A player’s future did not realize a profit of 3 million USDT

Many people want to reach the peak of their lives through futures or 100x coins, but this is only the life script of a very small number of people. Most of them are just cannon fodder and contribute their own 10usdt or 100usdt participation tickets.

For example, there was a player who bought NEIRO with 5 SOL and invested nearly 1000usdt on the weekend. After a few hours, he earned 700,000 USDT, which was more than 700 times. It was really amazing.

Of course, behind this is his countless attempts and zeroing, and he made great efforts, various research and analysis to pay attention to hot spots;

There are also many times at three or four in the morning, working without rest, competing for the right buying price, focusing on the small-risk-big-win gameplay, and harvesting opportunities to accumulate balances in the process of stop-profit and stop-loss.

There is also a lot of trial and error costs, after all, every loss is a loss of real money.

Of course, every time you hear a story of getting rich, it is the moment when the hot spot ends. If you participate again, the probability will return to zero, and there will be no more fluctuations, because the people in front have already earned all the profits of the latecomers.

Earned 700,000 USDT playing MEME coin on the SOL chain

Opportunities are only given to those who are prepared. Only by deepening a certain segmented track can you wait and seize the opportunity; no one can succeed easily, and everyone is silently working hard behind the scenes.

Web3 has many diligent and smart people, and excellent people continue to work hard, continue to pay attention to and output in a certain field or track;

The crypto market gives ordinary people equal opportunities. If you grasp one with luck and strength, you will take off.

Crypto Market

If you participated in BTC 10 years ago, ETH 9 years ago, BNB 7 years ago, SOL 5 years ago, etc.;

Or any MEME that has rushed up, such as FIGHT and NEIRO driven by Trump recently, these are opportunities to change your destiny.

The crypto market is full of uncertainty and incredible. This is an ongoing, visible world.

The above is just my personal opinion, no investment advice. I am CryptoLola, I am paying attention to the crypto market and web3.

Some people made $700,000 in MEME coin, but most people lost money was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.