On January 11, 2021, Bitcoin collapsed at a high level and plunged more than 8,000 US dollars. The total net-wide contract liquidation amounted to tens of billions. However, my options earned 200 times, and the decimal point of assets moved back by two. Let's look at my friends who have exploded their contracts. They are bloodbathed and messed up. They almost never go to the rooftop!
After Bitcoin broke through 20,000 USD on December 16, it has pushed the super bull market into a fiery boom. In less than a month, it continuously broke through the 30,000 and 40,000 USD mark. The price of the currency quickly doubled, and the market sentiment. Reached an unprecedented high. Coupled with the admission of large institutions, traditional financial companies such as Goldman Sachs and Grayscale have publicized that Bitcoin will rise to 1 million U.S. dollars in 2021, triggering a carnival for all the coin people, raising their hands and shouting to buy, buy and buy, completely immersed In the atmosphere of a super bull market.
I am also one of them. I was originally a contract fan. I thought it was a super bull market and I could make a lot of money by relying on contracts. But since Bitcoin started the super bull market, I opened 50 times and 100 times leverage and not only did not make money. On the contrary, the number of liquidation is more frequent, and the loss is more serious than usual.
In order to redeem my losses and earn a pot of gold in the bull market by the way, I started to look around for big coffee to pray for the Buddha, and I searched the Internet for the winning strategy of playing contracts. Once I was shopping for Bitcoin over talks, I just hit the BitOffer option hedging contract. Tutorial, after understanding the gameplay with curiosity, I tried several waves of operations. Indeed, when the market volatility is relatively large, after enabling option hedging, no matter whether the contract direction is right or not, risk-free arbitrage can be realized.
But in the process of operation, when Bitcoin's thousand points plummeted, I found that the side of the option pair made more profit. Take the market on January 4th. After Bitcoin hit a record high, it staged a high-level dive. It retreated more than 4,000 US dollars in 1 hour. I remember that I used 500 US dollars to open 50 times leverage at the time. Two put options were hedged, and the contract eventually broke out, but the two options made more than 8,000 US dollars. This is the first time I have experienced the charm of small options. Compared with contracts, options have another advantage, that is, they have no margin system and will not liquidate their positions. Therefore, since then, I will gradually shift the focus of playing contracts to options.
On January 8, Bitcoin broke through US$41,900 and hit a record high and then began to fall back. On January 9th and January 10th, the daily line level appeared overcast for two consecutive days, and the short-term moving average was seriously deviated from the long-term moving average, so I expect it to connect There will be adjustments coming down, so I quickly bought 10 24-hour put options. Sure enough, Bitcoin crashed on January 11, and the daily line fell directly below MA10, which plunged by more than 8,000 U.S. dollars. My 10 put options earned more than 80,000 U.S. dollars, and the cost was only 400 U.S. dollars, and the income was as high as 200 times. There is no need to be afraid of losing your position like opening a contract.
On the same day, due to the extreme fluctuations in the market, the people around me who opened 100 times and 125 times leverage basically broke their positions regardless of whether they were long or short. Seeing that they lost only a small amount of chicken feathers, but I made a huge profit of 200 Times, I decided not to play contracts in the future, and to play options instead.
Contract, explode your position, brother, I will not accompany you!