This is my own story.
I was in the Philippines around 2020 when I accidentally got involved in this circle.
Initially, I just took it as a game.
I started by investing a few thousand, and there was a period when it dropped significantly, so I invested a bit more, totaling just over ten thousand.
I always lost money and eventually stopped paying much attention to it, until one day I checked and not only had I stopped losing money, but I had also made a few thousand.
That's when I really started to get interested in this thing, and then I joined groups and researched.
Later, I learned about an even more thrilling method called contracts, which essentially means using leverage, up to a maximum of 125 times.
How thrilling is that?
The first time, I tried it with just 100 yuan, and in one week it turned into 10,000, and then I lost it all.
And then... I officially fell into the trap!
Let me put it this way, at the peak, my account reached 970,000 yuan, with the highest daily gain over 200,000 yuan, turning 200,000 directly into 500,000.
At that time, I set a goal for myself of ten million yuan, and then I withdrew.
Looking back, it seems a bit ridiculous, as it was too common to gain tens of thousands or even hundreds of thousands in a day.
Desire is gradually amplified like this, really making one lose their mind.
At that time, my family and some friends also advised me to exit the market, but I wouldn't listen.
Then I lost everything again.
I invested about ten thousand again, and it went up to 500,000.
Then I lost everything again, got obsessed, and ended up heavily in debt.
I'm not sharing these two incidents to encourage everyone to enter this market, but rather to tell everyone not to enter this market, not to be greedy.
Many people only see the pity of the "480,000 brother", but only those who have experienced it understand that exiting is the wisest choice.
Financial markets are stark naked; desires are infinitely amplified, and human nature is fully exhibited.
Many people dream of getting rich, and after much turmoil and accumulating heavy debts, they realize how blissful it is to live debt-free.
Finally, a piece of advice for everyone, no matter the investment, always keep a bottom line and only invest spare money.
Comments0
Don't play with such high leverage.
All who die are in ultra-short positions.
Never touch contracts; they're addictive. If you win, you'll want to double down; if you lose, you'll want to break even.
At my peak, I had 2.3 Bitcoins, but later I lost it all playing with leverage.
You can't earn beyond your understanding; all the hard work in the Philippines is given to Binance.
Do dog pushers often have money to speculate in cryptocurrency?
I've been trading for 20 years, something that ordinary people can't hold onto. There are many junk coins, wildly fluctuating like a casino, with swings of plus or minus 10% in just a few minutes. Plus, it's T+0, allowing you to buy and sell at any time. You wouldn't play with major coins, just like
Back in the day, I saw Brother 480,000 on Tieba, and there was another Tieba brother who bought coins for retirement. He insisted on spending a portion of his salary on coins every month, from 2014 to 2020. Later, Bitcoin became too expensive to afford. Thinking about it now, he must be financially
Isn't it just like trading forex and gold... It's just that Bitcoin fluctuates wildly without much logic.
Isn't it good to take the spot? You insist on playing with futures. It's just your own greed that has hurt you. There's nothing wrong with the market.
Bitcoin, the biggest Ponzi scheme in human history, a game of passing the buck. Do you see the shiny coins on the screen? Wrong, they are just numerical symbols, nothing more.
Remember not to touch the contracts, playing with contracts only leads to zeroing out, you can't outplay the platform.
With idle money invested, you cannot control your greed, and the outcome will be the same.
Let me tell my story. I probably joined at the end of 2017, buying EOS when it was really crazy, purchased at over 100, but by the end of 2018, it had dropped to just 12. At that time, I had lost nearly three hundred thousand and had only 26,000 left, then I maxed out my credit card with fifty thous
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