noun | fyoo·chr kaan·trakt
A futures contract is like betting on a horse race, except instead of betting on a sweaty animal, you're betting on the price of an asset at a specific point in the future. It's the ultimate YOLO trade - you're either gonna be eating caviar on a yacht or selling your kidney on the black market to cover your losses.
Example
"I yolo'd my entire life savings into a 100x long on Bitcoin futures, hoping to make enough money to retire and buy a lambo. Woke up the next morning to find that a whale had dumped their bags and the price tanked 50%. Now I'm living in a cardboard box behind the 7-Eleven, sucking dick for ramen money."
"Trading futures is like playing Russian Roulette with your entire net worth on the line - sure, you might get lucky and hit the jackpot, but more likely you'll just end up blowing your brains out. Best to just stick to buying spot like a normie and HODLing until you die."
