$COPPER — so, guys, this is a futures contract for copper. I have wanted to invest in this metal for a long time, and now it seems like a good moment to do so.
IMPORTANT: on Binance, this is a derivative, which means a bet on the price, not actual ownership of this metal.
I have been interested in investing in this metal for about a year and didn't know that there was a copper derivative on Binance. And the fact that these are futures doesn't appeal to me much, but still, the price has fallen quite a bit, and I decided to give it a try.
As for the information being spread that demand for this metal is falling while supply, on the contrary, is increasing — I don't believe it. Copper is one of the few metals that is in very high demand, especially now, when there is such confusion in the world.
In short, I have high hopes for this asset. This post is not written for you all to come here and "pile in". I'm just sharing my thoughts, opinions, and plans for investing.
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