All six major leveraged whales have been liquidated and dropped to zero! Leverage is a double-edged sword; I have seen many victors, but few end well. The more high-profile, the worse the losses. Either they get overconfident and forget the stop loss principle, or they unexpectedly fall victim to a Black Swan Event. Even if you have half of Mu Xia's talent, he couldn't escape bankruptcy in 2022; even if you have the wealth and intellect of Hash Professor, he couldn't avoid the Black Swan Event of Litecoin.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
All six major leveraged whales have been liquidated and dropped to zero! Leverage is a double-edged sword; I have seen many victors, but few end well. The more high-profile, the worse the losses. Either they get overconfident and forget the stop loss principle, or they unexpectedly fall victim to a Black Swan Event. Even if you have half of Mu Xia's talent, he couldn't escape bankruptcy in 2022; even if you have the wealth and intellect of Hash Professor, he couldn't avoid the Black Swan Event of Litecoin.