This may be one of the reasons I have always insisted on not opening leveraged positions…

In the cryptocurrency world for so many years, with so many account drawdowns, besides being scammed and having poor judgment in buying too many worthless coins, the remaining reasons are contracts, contracts, and more contracts. Contracts are really not that difficult; the challenge is not in opening so many positions and getting it right once, but in the fact that when you play contracts, you are actually battling your own inner demons. How many people in the world can play contracts, catch a big wave, and then stop? Will they never touch direct withdrawals again in this lifetime? It is possible to get rich overnight from contracts, but it is basically impossible to get rich overnight and still hold on without losing it back.

This is the reality.

I have never relied on pure contracts to achieve 100x or 200x, although I see various KOLs online every month who do 😂 Maybe it's a problem with my abilities, or perhaps it's still a matter of luck. I think if you pursue +20%, +50%, or +100% from contracts, it is still within a reasonable range. Even doubling or tripling an account purely through contracts, or achieving 5x, is not considered too niche a goal. But many people have not only failed to achieve 5x in contracts; after reaching 5x, they have lost all their profits and their principal is gone! Let alone 100x.

If it drops below 74k and still does not have a strong structural rebound, I will start looking at bears.

Since the bears are coming, I don't want to post anything else; let me share some honest thoughts. From now on, this will be like my personal diary at the BN Plaza. Luckily, I currently have few fans and few visitors, so I still have some freedom to express myself. I'm also afraid that one day I will lose my desire to share.