Cryptocurrency going mainstream? Taiwanese drama "The World Between Us" features storyline on cryptocurrency trading with high leverage and liquidation.

The FTV soap opera "City of Love," which has been airing since July 2019, has now surpassed 400 episodes. This type of primetime drama, known as "local drama" or "domestic drama," typically features actors speaking in Taiwanese Hokkien. In addition to the dramatic storylines, scriptwriters have been incorporating current events such as international news, social issues, internet jokes, and appearances by YouTubers in recent years. As a result, not only do older viewers enjoy watching, but even the younger generation of internet users frequently discuss the exaggerated content, making it highly entertaining.

There have even been references to the manga "Demon Slayer" in the past:

In the most recent episode 437, there was a storyline involving "leveraged trading and liquidation due to cryptocurrency speculation," indicating that awareness of virtual currency in Taiwanese society has progressed to another level.

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"City of Desire": Social Reflection of Speculative Trading with High Leverage

In the drama, the character Pan Weilian borrows ten million from his lover Zhou Xiao'an to invest in cryptocurrency speculation. Pan Weilian believes that as long as he guesses the direction correctly, he can turn ten million into one billion overnight. Despite his family's advice against it, it wasn't until his father appeared in a dream to reprimand him that he realized something was amiss. Upon waking up, he received an urgent call informing him that his friend "Simon," who introduced him to cryptocurrency trading, had lost all his funds due to a 50% drop in the cryptocurrency market, causing his ten times leveraged position to be liquidated. It was at this moment that Pan Weilian realized his dream of getting rich quick was shattered, and he suffered irreversible losses.

Pan Weilian's desire to turn ten million into one billion overnight:

Father reprimanding in a dream:

Market experiencing drastic changes:

Liquidation due to excessive leverage:

From joy to sorrow:

Full video:

Risk Control is Crucial for Derivative Trading of Cryptocurrencies

It is speculated that the character Pan Weilian in the drama was engaged in trading perpetual contracts of cryptocurrencies, which is the largest market for cryptocurrency trading and allows leverage of up to a hundred times, making it a product with extremely high risks and rewards. Past reports have also covered this topic: "Maximizing Profits in Contract Trading! A Comparison of Five Exchanges for Beginners."

For novice cryptocurrency investors, it is recommended to avoid trading in such high-risk investments. If one wishes to try, it is advisable to avoid high leverage, pay attention to whether the position is set as full position or isolated position, use stop-loss functions appropriately, and be mindful of changes in funding rates.