What's up with the futures?

Oct 22, 2024 | by cs | Most likely, when you first learned about cryptocurrency, you started trading on futures

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Most likely, when you first learned about cryptocurrency, you started trading on futures

You hundred percent know the feeling when you woke up in the morning, opened the exchange, and saw that your positions were liquidated, after that you did not want to do anything, just lie on the bed

This article is about whether it is possible to make money on futures

As you know cryptocurrency is very unstable now, for example, at the time of writing this article bitcoin is worth about $53,500, but 5 hours ago the price was thousands of 2 more

If we take into account the instability of cryptocurrency, trading on futures is a regular casino, no one knows where the price will go, the only way to make money is to open trades during the bear market with 1x leverage

You 100% have seen screens in social networks where people earn 100% or even more, know that this happens very rarely, in addition, most people who post such screens open trades for small amounts, like 5 dollars

In conclusion, futures can only be traded during a bear market and only with 1x leverage