SURGE dipped all the way to $0.74
If you bought it, you made a 0.074 USD profit or 10% profit already with guaranteed $1 liquidation preference
Where else can you make 10% with a guarantee that you won't lose money because of the liquidation (floor) price?
Now, if you keep hodling till it reprices over $1, then you've made a $0.26 profit or 35% ROI with no downside risk
Meanwhile, while you wait you're getting paid $0.15 per SURGE. Paid weekly = 20.27% effective yield
This is the incredibly reflexivity of SURGE as the price of SURGE goes down, the demand to purchase it for an instant profit + high effective yield goes up
Short sighted people never become wealthy. We live in a financial world where traders are glorified. The reality is most lost their shirts and end up blowing up their accounts.
Finding good assets that will appreciate over time is still the game. Time in market instead of timing the market.
Indeed! 99% of traders lose money and 1% who "made it" find it difficult if not impossible to maintain their wealth without transitioning to investing long term.