What magic does the contract hold? Why can't those who are clearly facing liquidation stop?
Contracts are like a beautifully packaged 'devil's game'.
Everyone knows the dangers, yet can't help but jump in.
Why? It's too exciting!!!
1⃣ The illusion of 'small bets for big rewards' is irresistible.
With a few hundred or thousand as collateral, once leverage kicks in, you can instantly control positions worth tens or hundreds of thousands.
When the market moves, account numbers fluctuate, and the thrill hits you directly—it's like getting rich while lying down.
Human nature cannot resist the temptation of 'instant wealth'.
2⃣ There are opportunities in both rises and falls, giving you the illusion of never resting.
Stocks can only make money when they rise, but contracts are different—they can make money even when they fall.
Up or down, as long as you know how to press the button, it seems like you can win.
Moreover, with cryptocurrency news changing daily, the gambler's mindset is fully ignited.
The result? The market specializes in this kind of confidence.
3⃣ Sharing culture + herd mentality pushes contracts to the extreme.
Seeing others post screenshots: 'Yesterday I made enough for a car down payment' 'Tenfold in three days'.
You want to try too, but you'll never see their moments of liquidation.
You only see the victory screenshots but not the price paid behind them. This is the cruelest aspect of contracts.
4⃣ High leverage is the real killer.
High leverage is like a knife; it rises quickly, but it falls just as fast.
The cryptocurrency market is wildly volatile; news and orders can instantly lead to liquidation.
Many people lose their principal and even owe debts, not daring to tell their families.
5⃣ But to be fair: if someone guides you, your approach will be different.
Contracts themselves are not incapable of making money; the key is the method and position.
If your position is unstable, there's no stop loss, and emotions are out of control, liquidation is just a matter of time.
If someone is guiding you, monitoring positions, and setting the pace, the results will be completely different.
6⃣ Final advice:
Contracts are not a bad thing; the bad thing is the 'gambler's mindset'. If you really can't resist the urge to play:
Don't go all in.
Don't over-leverage.
Use money you can afford to lose.
Always keep a surviving position.
Always set a stop loss.
Always go with the trend, not against it.
In the cryptocurrency world, staying alive is always more important than getting rich quickly.
If you can find a reliable teacher, that's luck; if no one guides you, no methods, and you still love to gamble, then you're just waiting for a liquidation.
