Trading futures on any of the too many to count cryptocurrency futures trading platforms such as BitMEX, Bybit, and Binance is a fools game if you are the common man, meaning you do not have insider trading access or high frequency computers to pull you in and out of trades in a quick fashion.
Also, please keep in mind that every cryptocurrency futures platform is unregulated, and makes the bulk of their profits off you getting liquidated, so it is in their best interest to make sure that you always lose. Which funny enough… you usually do, or will.
Yes, yes, I know your favorite cryptocurrency YouTube guru uses these platforms, and makes a killing every time they roll the dice eh?
Well let me let you in on a little secret:
Cryptocurrency gurus such as Sunny Decree, The Moon, and Trevon James just to name a few, get paid by these platforms to try and recruit you to use them as well.
How do they get paid you ask?
Well via their referral links of course, which if you look down in their video descriptions, the section is littered with referrals to every cryptocurrency related website on the internet that offers a referral kickback.
Keep in mind as well, that some of these shady cryptocurrency websites go a step further, and actually reach out to these so called gurus, and pay them big bucks to push their platforms on to you, the common man, with a little extra icing on the top to boot.
The icing may come in many forms, mostly via the guru conducting tutorials on how to use said platforms, such as what you can catch Sunny Decree doing on a monthly basis.
You may think he is doing this out of the goodness of his heart, when in reality, it is in his best interest to show you how to use these platforms, so that he can hock is referral link to you at the conclusion of his tutorial, so that he can get paid bitches!
As a capitalist myself, I don’t believe there is anything wrong with hocking referral links, but when they are for unregulated platforms such as the ones these cryptocurrency gurus are promoting, that’s when I have a problem, because these cryptocurrency trading platforms are solely designed to make you lose money.
Isn’t it funny that when the best time to sell or buy comes around, the website you are using to make your cryptocurrency trades go down for maintenance, or lag so much that you can’t even fulfill your orders… you think those are coincidences?
Be smart with your money boys and girls, and only invest in things you truly believe in!