Cryptocurrency is highly volatile which means that investing in crypto can make you high profit as well as big loss. You dont know what is going to happen when you invest in digital assets. This doesnt apply only to crypto but is applicable on all investment products. Investment in any assets or product always come up with risks.

I am in crypto for more than six years, during my crypto journey i have invested in a number of projects in which some gave me profit and some ended up with loss. Some projects did generate fast profit than my imagination while some gave loss ehich was unexpected.

During my crypto journey so far i have made profit from trading as well as arbitrage trading. Arbitrage trading was good way of profit in early days of my crypto journey. I pulled many Dollars with it. Now it is hard to get arbitrage trading.

![bankruptcy-concept-flat-style_23-2148494924.webp](https://images.hive.blog/DQmTT4xzJ219QjqTxbgLstgwwXZLJgH3kxD54d176TwpaRB/bankruptcy-concept-flat-style_23-2148494924.webp)
[src](https://www.freepik.com/free-vector/bankruptcy-concept-flat-style_7473196.htm#query=crypto%20loss&position=4&from_view=search&track=ais)

I never touched any trade other than spot, because spot trading is easy. It doesnt mean that it will only give profit. 

Today my shop was closed because of Friday so i was resting at home, in the Morning i thought to give try to Futures trading. I wanted to try it in hope of some profit. First of all i choosed the token , $MKR is the one that caught my attention. 

It was already pumped a lot so i did short it at 20X. It was successfully triggered and i made profit of $2 in less than a minute . This is where i got greedy. I thought that i can make more profit. So i did wait a little to pump mkr a little. After it is pumped , i again short it at 50X which got liquidated in minutes. This is where i lost $50 within minutes.

![realistic-bankruptcy-concept_52683-36298.webp](https://images.hive.blog/DQmYic6kjaL8oWbgiDWMpgUctdn83vgqafoJrvEu59thpuz/realistic-bankruptcy-concept_52683-36298.webp)
[src](https://www.freepik.com/free-vector/realistic-bankruptcy-concept_7474969.htm#query=crypto%20loss&position=1&from_view=search&track=ais)

To be honest , as it was my first trade with Futures, I was not aware that it can go to this extent so fast. Well , it was a little disappointing for me but i learned my lesson after this. Futures trading is highly risky so i decided to not touch it ever in my life. Its not my cup of tea.

Well, anyone can fall for greed and may think to try futures at some point, so if you ever wanted to try it then its best to try with less than 3% of your funds. This is to ensure that you dont lose all your funds in case of unsuccessful trade. Do your own research before taking any action because crypto is not a get rich quickly scheme.  

Thats it for today.
Thanks for reading.
What do you think about my today's topic? Let me know your thoughts in comment section.
In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.

***About Author***
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends. He Spends most of the time on Threads.


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