Woken up by a barrage of messages at #数字货币市场回升 in the early morning.
A friend I've known for half a year sent a voice message, their voice shaking: "In five days, 80,000 U is gone, I really shouldn't have touched contracts..."
I was silent for a few seconds after listening. Not because the numbers were large, but because I was too familiar with it – I have played this script myself.
That year, I held less than 10,000 U in my hand, watching others share their profit screenshots. In a moment of impulse, I rushed into the contract market. At that time, I thought it was really simple: just get the direction right, use high leverage, and doubling my money wouldn't be a dream.
What is the result?
The first day was indeed great. I made a small profit of a few hundred U, feeling like I was chosen by heaven. The next day, I started to panic. The numbers in the account jumped faster than my heartbeat, red and green alternating like a psychological game. I didn't dare to check the market on the third day. Clearly, my predictions were correct, but my account was shrinking crazily. On the fifth day, the numbers reset to zero.
At that time, I finally realized: contracts are not as simple as just looking at price fluctuations. Slippage, liquidation line, funding rate - every step is eating into your principal. So what if the direction is correct? If you can't withstand the volatility, you'll still get liquidated and exit.
Later, I spent a long time reviewing and summarized three rules for survival:
**Light Position Slow Roll** If your principal is small, don't play with high leverage. 2x or 3x is enough; slowly accumulating is more reliable than going all in.
**Stop-loss is a hard rule** Don't hold on to false hopes of breaking even. Cut your losses when necessary; preserving your principal is essential to keep playing.
**Focus on mainstream coins** $BTC These highly liquid altcoins can be very tempting, but their volatility can scare you into having a heart attack.
To be honest, that 80,000 USDT was the most expensive tuition I've ever paid. But it taught me one thing: the market never gives lucky chances; if you want to survive, you must first learn to control risks.
Looking back at those nights of liquidation now, I have no regrets. Because without experiencing despair, one cannot understand reverence.
If you are experiencing something similar, don't rush to recover your losses. Stop, review the logic, and adjust your strategy. The crypto space is not lacking opportunities; what it lacks is people who can survive to the next opportunity.
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JustHodlIt
· 12-01 10:20
80,000 USDT gone in five days, this guy must be able to stir things up a lot.
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After reading this, I recall that time when I opened leverage, my brain just stopped working.
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The saying "Light Position, slow roll" can only be understood through the price of blood.
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The crypto world is always like this, when making money, you feel like a genius, but when losing money, you realize what ignorance really is.
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Stop loss is really a hundred times harder than take profit, no one wants to admit defeat.
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I won't touch alts again, the fluctuation is so great it can send you straight to the hospital.
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To be honest, those who can survive are more admirable than those who make money.
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That 80,000 USDT was worth it, at least I didn't lose more.
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My fren's voice shaking is truly desperate, contracts are something to give up.
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Another story of being swallowed by leverage.
View OriginalReply0
ChainProspector
· 11-30 20:38
Listening to this, I know another brother has fallen into the pit. Contracts really are merciless.
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80k in 5 days, how greedy can one be... I've been through this too, now I only look at mainstream tokens, no matter how appealing altcoins are, I won't touch them.
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Damn, this is my story from last year. Now I only take light positions; staying alive is more important than anything.
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Stop loss, stop loss, stop loss, these three words must be written in blood... Without this awareness, you'll eventually have to pay tuition.
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Fren, don’t be tempted just because others are making thousands daily; most of it is an illusion.
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Contracts are like a casino. I've quit that. Now I just buy BTC, ETH and hold comfortably.
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I hear this story every week... When will there be less of such tragedies in the community?
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The desire to recover losses kills people. After being liquidated once, I've learned my lesson.
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Not regretting is a lie, but I indeed gained knowledge; this tuition is too damn expensive.
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To everyone reading this article, if you haven't been liquidated yet, I suggest you experience it once, otherwise, you'll never understand what it means to have respect.
View OriginalReply0
SolidityJester
· 11-28 12:40
It's this trap again, the contract is not happy unless it kills people, right?
View OriginalReply0
MetaMaximalist
· 11-28 12:39
ngl the whole "leverage is a beginner's graveyard" narrative gets recycled every bull run cycle, but the network effects of risk management are genuinely underexplored in mainstream discourse... these altcoins listed at the end though, feels like innovation arbitrage theater tbh
Reply0
PhantomMiner
· 11-28 12:35
Really, it hurts to see a fren get liquidated; I've fallen for this trap too.
In the end, contract players all face this outcome unless they can truly manage risk.
80,000 U in tuition fees is too expensive; I’d rather roll slowly than try it.
Stop loss sounds easy to say but hard to do; the psychological barrier is the toughest.
Mainstream tokens are stable, but seeing others' altcoins double still makes me tempted.
There aren't many in the crypto world who can live to the next opportunity; it's heart-wrenching.
Woken up by a barrage of messages at #数字货币市场回升 in the early morning.
A friend I've known for half a year sent a voice message, their voice shaking: "In five days, 80,000 U is gone, I really shouldn't have touched contracts..."
I was silent for a few seconds after listening. Not because the numbers were large, but because I was too familiar with it – I have played this script myself.
That year, I held less than 10,000 U in my hand, watching others share their profit screenshots. In a moment of impulse, I rushed into the contract market. At that time, I thought it was really simple: just get the direction right, use high leverage, and doubling my money wouldn't be a dream.
What is the result?
The first day was indeed great. I made a small profit of a few hundred U, feeling like I was chosen by heaven.
The next day, I started to panic. The numbers in the account jumped faster than my heartbeat, red and green alternating like a psychological game.
I didn't dare to check the market on the third day. Clearly, my predictions were correct, but my account was shrinking crazily.
On the fifth day, the numbers reset to zero.
At that time, I finally realized: contracts are not as simple as just looking at price fluctuations. Slippage, liquidation line, funding rate - every step is eating into your principal. So what if the direction is correct? If you can't withstand the volatility, you'll still get liquidated and exit.
Later, I spent a long time reviewing and summarized three rules for survival:
**Light Position Slow Roll**
If your principal is small, don't play with high leverage. 2x or 3x is enough; slowly accumulating is more reliable than going all in.
**Stop-loss is a hard rule**
Don't hold on to false hopes of breaking even. Cut your losses when necessary; preserving your principal is essential to keep playing.
**Focus on mainstream coins**
$BTC These highly liquid altcoins can be very tempting, but their volatility can scare you into having a heart attack.
To be honest, that 80,000 USDT was the most expensive tuition I've ever paid. But it taught me one thing: the market never gives lucky chances; if you want to survive, you must first learn to control risks.
Looking back at those nights of liquidation now, I have no regrets. Because without experiencing despair, one cannot understand reverence.
If you are experiencing something similar, don't rush to recover your losses. Stop, review the logic, and adjust your strategy. The crypto space is not lacking opportunities; what it lacks is people who can survive to the next opportunity.
Stay tuned: $ETH $SOL $ZEC $ORCA $IRYS $AKE $ARIA $YALA $RVV $MON $ARC $TRUST $MMT $TNSR $DYM $BEAT $DOGE