📢Trading on Crypto: Profit or Rug?

Today I would like to share with you the story of trader Richard Dobats. And give you detailed information on how to use these tools in Web3

It's worth noting that this is a very risky type of earning and this story should show you that

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1/ User traded stocks through the Robinhood app. He funded his account with $15 thousand borrowed on credit. By making transactions with securities and options, trader managed to increase his initial deposit by more than 6600%, his balance rising above $1M

2/ But the situation has changed. Stocks of major global companies were down 2, 3 or more times. Dobats was affected. He lost all money he had earned. 

The loss was so great that the trader had to take another loan for $30 thousand on the security of real estate. Now his balance does not exceed $7 thousand

4/ The cryptocurrency market has become famous for its high volatility. The price of coins can rise and fall by tens of percent every day. This opens up a lot of opportunities for earning, however, for many traders it is not enough

5/ Futures trading

On the one hand, with 100x leverage, a 1% rise in the $BTC price will double your initial deposit. On the other hand, if the price of the coin falls by 1%, your deposit will be burned

The exchange will get back the cryptocurrency it gave you to manage, it will also take back your $ as compensation for the funds you lost due to a failed transaction

6/ Huge leverage is one of the most profitable ways to make money trading cryptocurrency. Let's look at an example: in March, $BTC exchange rate was falling to $38,000. Let's say you bought $1 worth of bitcoin with 100x leverage. 

The price of the coin was rising above $72,000. By closing your position at that level, you would have increased your initial deposit by about 160 times, turning $1 into $160

At the end I want to say if you are going to trade. Be sure to study the technology and analyze the market before doing so, do it at your own risk and always DYOR

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3/ History of Dobats shows that trading assets is extremely risky and can lead to a total loss of capital, forcing you to apply for loans. But at same time, trading provides an opportunity for multiple earnings. 

I will tell you about the most risky and profitable schemes in cryptocurrency, how they work and why you should give up on them