Brothers, let me ask a heart-wrenching question first: Among the people around you who are playing contracts, are there more who are making a fortune or more who are waking up at midnight to liquidation messages and quietly deleting the app?
The answer doesn't need much explanation, right? But interestingly, even though every day there are posts about 'contract liquidation losing all the down payment' and 'borrowing online loans to play contracts and losing everything', there are still people rushing in like moths to a flame.
As someone who has been in the crypto circle for 8 years, today I’ll share my heartfelt thoughts with you: what kind of magic does this contract thing hold that can turn smart people into gamblers who know there are tigers in the mountains yet still venture into the tiger's den? It's all useful information without any nonsense, and it includes some truths you love to hear, with a surprise at the end～
First, give the contract a personality: it is not a 'wealth password', but more like a 'temptation trap' wrapped in gold and silver; the fancier the packaging, the deeper the pit inside. But why can't everyone resist? There are four core points, each hitting the weak points of human nature!
First, the illusion of 'small bets leading to big wins' is more intoxicating than playing games.
Think about it: a few hundred or a few thousand yuan of idle money, once leveraged, can instantly move dozens of thousands or hundreds of thousands in trading volume. A slight market movement can make the numbers in your account soar, and that feeling of 'making money while lying down' is even more exciting than winning a small lottery.
I have seen the most exaggerated fans; the first time they played, they turned a 500 yuan margin into three times that amount, and right away they felt like 'the chosen trader', then they added 10 times leverage and heavily invested, only to be educated by the market in half a day. Not only did they lose their entire principal, but they also almost considered adding more money to recover their losses. This is the terrifying part of illusion: it makes you mistakenly believe that luck is skill and treats accidental profits as inevitable outcomes.
Secondly, the illusion of 'making money whether the market rises or falls' makes it impossible for you to stop.
Anyone who has invested traditionally knows that most of the time, 'you can only make money when the market rises'; when it falls, you can only be trapped. But contracts are different; whether the market goes up or down, as long as you judge the direction correctly, you can make a profit. This gives many people the illusion that 'you can pick up money anytime', believing that as long as they watch the market closely and find the right rhythm, there is no money they can't earn.
Moreover, the cryptocurrency market operates 24/7, with news changing hundreds of times a day. One moment it's a certain institution entering the market, and the next it's a policy being announced. Every piece of news feels like it's urging you to 'hurry and enter; if you don't enter now, it will be too late'. This constant stimulation directly amplifies people's gambling psychology. As a result? The market is specialized in treating various kinds of 'overconfidence'; what you think is 'precise judgment' is likely just a gamble.
Third, the culture of sharing results + herd mentality pushes you into the fire pit.
Open social media, and you see all kinds of screenshots like 'turned ten times in three days, got a new car' or 'made half a year's salary in one trade' with captions like 'easily mastered' or 'just follow the rhythm and win'. Can you not be tempted after seeing this? You will definitely think, 'If others can do it, why can't I?'
But I want to tell you a heart-wrenching truth: you will never see their screenshots of being liquidated; you will never see them staying up all night watching the market, unable to eat, nor will you see them crying under the covers after losing all their principal. Those flashy shared results are like bait for fishing, specifically deceiving those who want to take shortcuts. This is the cruelest aspect of contracts: they only show you the surface glamour while hiding the blood and tears behind it.
Fourth, high leverage, the 'killer', never discusses reasoning with you.
Many newcomers think that the higher the leverage, the more they can earn, but they do not realize that leverage is a double-edged sword; as quickly as it rises, it can fall just as hard. The cryptocurrency market is inherently volatile; a sudden piece of news or a large transaction can instantly reverse the market. With high leverage, you can be liquidated in minutes.
I once met a fan who originally had a 100,000 yuan principal, added 20 times leverage, and wanted to make enough for a down payment on a house. As a result, when the market corrected, he was liquidated in less than 10 minutes, losing the entire 100,000 yuan and owing the platform money. He said during that time he couldn't dare to tell his family, living in anxiety every day, almost leading to depression. So, high leverage is not a tool for making money, but an 'accelerator' for speeding up your losses.
Speaking of this, someone might ask, 'So can I not touch contracts at all?' Actually, it's not that simple. As a seasoned analyst, I want to say: contracts themselves are neither good nor bad; it all depends on how you play and whether you have the right methods and mindset.
Many people lose money in contracts, not because the contracts themselves are problematic, but because they are too greedy, either investing heavily all at once, not setting stop losses, or following emotions. If someone can provide reliable guidance, help you manage your positions, remind you to set stop losses, and give you a reasonable trading rhythm, the risks of playing contracts can be greatly reduced, and the probability of profit will increase. After all, professional matters should be handled by professionals.
Finally, for those who really can't resist wanting to play contracts, here are a few heartfelt suggestions. Remember these points to help you survive in the market a few more years:
1. Don't go all in; don't over-invest! Treat contracts as a form of entertainment rather than a wager to change your fate. Use only money you can afford to lose; even if you lose, it won't affect your normal life.
2. Always set stop losses! This is the bottom line for survival; no matter how confident you are, you must set stop losses. Once the market goes wrong, stop losses should be executed in time. Do not stubbornly hold on with a sense of luck.
3. Always go with the trend, do not operate against it! The market trend is unstoppable; do not think you can fight against it. Following the trend will help you minimize losses.
4. Don't stay up all night watching the market! Your body is the capital of revolution; even if the market is volatile, you must ensure rest. Staying up all night to watch the market will only lead to emotional loss of control and wrong judgments.
In the cryptocurrency market, surviving is always more important than getting rich quickly. Having a reliable mentor is your luck; if no one guides you, and you have no method, but still approach contracts with a gambler's mentality, that's not investing, it's giving away money.
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