Yesterday, many people were curious about the conflict with the artist. The incident started when the artist tweeted about the trading competition of aster, where many contestants faced liquidation. It was suggested that there might be collusion to extract profits from the project team. Feng Wuxiang felt that the artist was undermining the contestants. The small amount of 1wu shouldn’t allow them to act this way, and he posted screenshots showing a trading volume of over 100 billion on dex, as well as screenshots of millions in fees. Ultimately, the situation ended with the artist apologizing via tweet.
Actually, I think both parties were not wrong; it's just that their perspectives on the situation are different due to their positions. As a contestant, Feng Wuxiang is considering maximizing profits, and of course, that also maximizes risks. If he bets right, he comes in first; if wrong, he gets eliminated. Meanwhile, the artist views things from a normal trading perspective, believing that contestants should not go all-in, and that having proper profit-taking and loss-cutting strategies is a basic quality of a trader.
Now let's look at something I encountered recently. A few days ago, I suddenly received a private message from a group friend at midnight, saying his contract got liquidated and he had no money left. He borrowed 15U from me, promising to pay it back in a few days when he gets his salary. You read that right, it’s 15U, 100 yuan. I know him a bit; he had managed to make some money before. Later, due to the wave of Trump coins earlier this year, he became delusional seeing others becoming rich and put all his money, plus some borrowed online, into contracts. As a result, he got liquidated and lost everything~~
After seeing these two incidents, I wonder what thoughts you all have. It’s said that too much flashy spending can dazzle the eyes. On Twitter, I've seen various big shots flaunting profits and losses, often in the tens of thousands or even millions. For example, the famous infinite bullet brother, but that’s because he has capital to lose and ways to earn it back from other channels, or the losses only account for a small portion of his capital. Don’t think that just because you see others losing big or winning big, you can do the same. That would be a big mistake. Keep your original intention, don’t let the dazzling outside world blind your eyes. You are just an ordinary person; without trading talent, you should accumulate slowly, engaging in projects, exchanges, and financial management. Take it slow as a side job. As the artist said, becoming rich overnight is rare; most people might actually lose everything overnight. Recognize yourself, understand reality, stay awake, and remain rational. Let’s encourage each other.
