🌟🌟🌟While cryptocurrency perpetual contracts (perps)are highly innovative, they represent the single most dangerous retail financial product in existence.
They provide 100x leverage wrapped around a hypervolatile underlying asset class that trades 24/7 without any circuit breakers.
Unlike traditional futures contracts traded on regulated Chicago exchanges, perpetual contracts have no expiry date. A trader can hold a leveraged position indefinitely, provided they can survive the compounding financial headwinds.
I would stay clear of this and instead just buy $iShares Bitcoin Trust(IBIT)$ which is a lot safer and better regulated.
@Tiger_comments @Tiger_SG @TigerStars
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