币圈罗盘

今年夏天，我看到别人做合约赚了钱，想着“我也能行”，就开了5倍杠杆，买了某币。结果第二天跌了10%，我的保证金不够了，直接爆仓,1万本金亏得只剩1000块。我把手机摔在沙发上，骂自己：“你怎么这么贪？”
后来我看了《币圈生存法则》，才明白“高杠杆合约是赌博”。文章里说：“不要参与高杠杆合约，这和赌博无异。一旦做上高杠杆与合约，就会始终被心魔所缠绕，让人欲罢不能。”
我给自己定了“合约三禁忌”：
① 不碰高杠杆：最多只用2倍杠杆，而且只用“现货”的资金做合约,比如有1万现货，就用2万做合约，就算亏了，也不会伤筋动骨。
② 不做“未知”的币：只做主流币（BTC、ETH）的合约，不做小币种的,小币种波动太大，容易爆仓。
③ 设“止盈止损”：合约交易必须设止盈止损，比如买1万的合约，设5%的止盈，3%的止损,就算亏了，也不会亏太多。
上个月我用2倍杠杆做了BTC的合约，涨了3%，赚了600块。虽然不多，但至少我不再“爆仓”了。
币圈里有句话：“合约不是‘赚钱工具’，是‘亏钱捷径’”。如果你也想避免“合约爆仓”，不妨关注我@币圈罗盘 我会每天分享“低风险合约”的方法，咱们一起“稳赚不赔”。下次再给你们讲我用“2倍杠杆”赚了1000块的故事，记得来看～
#加密市场反弹 $BTC $ETH

This spring, when I first entered the cryptocurrency world, I kept thinking that 'more operations mean more profits'. As a result, I bought 5 times and sold 5 times within a week, spending 200 yuan on transaction fees, and ultimately losing 1000 yuan. I slapped my head and scolded myself: 'Why are you so careless?'
Later, I read (The Survival Guide in the Cryptocurrency World) and finally understood that 'trading less' is the most important rule for beginners to learn. The book says: 'Avoid heavy positions, don't hold on stubbornly, trade less. Control your position, don't stubbornly bear losses, and trade moderately.'
I summarized the 'Three Principles of Trading Less':
① Look at the market only once a day: check it once at 8 AM to understand the market conditions for the day, and don't check it at other times to avoid 'impulsive trading'.

Last autumn, I bought a certain cryptocurrency, which initially rose by 5%, but then the next day it fell by 8%. I thought, 'I'll wait a bit, maybe it will go back up,' so I didn't sell. As a result, on the third day it fell by 10%, and I still didn't sell, until the fifth day when it fell by 15%. I finally couldn't help but sell, losing 1200 yuan. I slammed the table and cursed myself: 'Why are you so stubborn?'
Later I read (9 painful experiences in the cryptocurrency world), and I finally understood that stop-loss is something 'self-set, and profits come from the market's grace.' The book says: 'If the market cannot compensate for the previous day's cost the next day, you must stop-loss immediately and leave the market without hesitation. This is the bottom line for long-term survival in the cryptocurrency world.'

At the beginning of this year, I saw news about a certain coin saying 'it will go live on the mainnet', thinking 'this will definitely increase', I invested my entire principal of 20,000. As a result, on the day the mainnet went live, the coin price dropped by 30%. I thought 'let's wait a bit, maybe it will come back up', but a month later, I lost 80%. I smashed my computer, cursing myself: 'Why are you so greedy?'
Later, I read (The Survival Rules in the Coin Circle), and only then did I understand that position management is 'the fundamental to survival'. The book says: 'Full position and empty position are labels of new investors. Going all in at the drop of a hat is just a joke.'

Last summer, I saw a certain coin rise 20% in one day, and someone in the group said, 'This coin is going to 100.' I couldn't help but invest my entire 20,000 principal. As a result, it dropped 15% the next day. I thought, 'Wait a little longer, maybe it will rebound.' A week later, I lost 50%. Sitting in front of my computer, tears streamed down my face: 'Why am I so foolish?'
Later, I analyzed the K-line of 100 coins and found that the bull coin was never bought by 'chasing highs,' but rather by buying on 'pullbacks.' For example, BTC tends to pull back 10%-15% after each significant rise. Buying during those times minimizes risk and maximizes profit.

At 3 AM, I was staring at the K-line on my computer screen, my eyes nearly unable to stay open. A certain coin I bought yesterday had initially risen by 5%, and I thought, "Just wait a bit longer, maybe it will reach 10%." As a result, a large bearish candlestick suddenly dropped, and it fell by 8%. I was flustered and clicked "sell," only to find that my margin was already insufficient, and the words "liquidation" struck me like a bolt from the blue, leaving me stunned for quite a while. My wife got up, rubbing her eyes, and asked me, "What happened?" I could only lie, saying, "Nothing, I just watched a horror movie and got scared."
That was my third month in the cryptocurrency world, and my initial investment of 30,000 was reduced to only 5,000. Later, after reviewing my trades repeatedly, I realized I had made the 5 most common mistakes that beginners often make:

Just now, when I was scanning the flow of smart money addresses as usual, a set of data took my breath away. In the past 48 hours, a mysterious address starting with '0x7a3' has continuously withdrawn a total of over 85 million USD in AGIX (SingularityNET) from multiple trading platforms. This is not just an ordinary transfer; it is the most concentrated and decisive accumulation behavior of AGIX that we have observed since the third quarter of 2023. Meanwhile, details about its superintelligent alliance (ASI) merger and token migration date are entering the final confirmation stage.

This is the final installment of my 'Crypto Comeback' series. After writing nine articles about mindset, methods, and techniques, today, I want to share some more fundamental things with you, the most basic survival rules that I exchanged for real money and countless sleepless nights while going through two complete bull and bear markets (2017-2018, 2020-2022).
These rules, each one of them, defy intuition and require you to fight against your instincts. But it is precisely these 'counterintuitive' things that transformed me from a 'lucky profit, skill-based loss' retail investor into a stable profit-making investor who can sleep soundly.

Today we are going to talk about a more distressing topic than stop-loss: taking profits. If stop-loss is the pain of 'cutting losses,' then taking profits is the itch of 'selling too early,' a lingering regret that grows more frustrating the more you think about it. During the bull market in 2021, I sold Bitcoin for $50,000, only to see it rise to $69,000. For more than a month, I calculated 'how much less I earned' every night, almost driving myself into depression.
I have a friend who is even more extraordinary. He bought 1000 of a certain animal coin in 2020, with almost no cost. When it rose to $0.1, he sold it and made $100,000, happily treating us to meals for a week. Then that coin rose to $0.7. He never mentioned the coin again, and we didn't dare to bring it up, fearing he might have a heart attack.

Today we want to talk about one of the most difficult yet important topics in the crypto world: stop-loss. Or to put it more bluntly: how to gracefully 'admit a mistake'. I have seen too many people, including myself at one point, consider 'stop-loss' as a failure, a shame, a stubborn 'how could I be wrong?'.
In 2019, I bought a very popular 'cross-chain' project at the time. The purchase price was $10, and I set my stop-loss at $8. When it dropped to $8.5, I thought, 'I'll wait a bit longer, it will bounce back.' When it reached $8, I silently changed my stop-loss to $7, thinking, 'It has already dropped so much, how much lower can it go?' When it fell to $5, I started to 'recharge my faith', researching the project's fundamentals and looking for various positive news to comfort myself. When it dropped to $2, I became numb, deleted the software, and acted as if it didn't exist.

Today we are going to discuss one of the most mystical and frustrating phenomena in the cryptocurrency world: why do I always experience 'buying leads to price drops and selling leads to price increases'? Moreover, the accuracy is high enough that I could set up a stall and tell fortunes. Do you often feel that the market is just watching the little money in your pocket and opposing you specifically?
I have a friend, we call him 'the Anti-Indicator King'. In 2021, he bought Dogecoin, and it dropped 30% as soon as he bought it; he couldn't stand the loss, and a week later, Dogecoin rose by 300%. He bought a certain NFT, and after purchasing it at the floor price, it halved in value; he sold at a loss, and a month later, that series increased fivefold. The most absurd part is that he finally concluded: 'It's not my problem; my account is being monitored by the market makers.'

Today I want to unveil the biggest dark humor in the cryptocurrency circle: most people do not make money in a bull market. Yes, you heard that right. During the massive bull market when Bitcoin rose from 10,000 to 60,000, countless people excitedly entered, frequently traded, and in the end, not only did they not make money, but they might have lost money.
In the 2021 bull market, I had several friends like this around me. A entered when Bitcoin was at 20,000, sold at 30,000 thinking it had 'risen too much', chased the high at 50,000 due to FOMO, added to his position at 60,000, panicked and sold at 50,000 when it dropped, perfectly illustrating 'buy high, sell low'. B was even more extreme, trading over 200 times in the bull market for half a year, contributing 50,000 in fees to the platform, and ultimately losing 10% of his principal.

Today I want to take you back to March 12, 2020, that 'Black Thursday' which was recorded in the history of the cryptocurrency world. On that day, Bitcoin fell from $8000 to $3800 in 24 hours, more than halving its value. My phone was bombarded with panic messages from various groups, and everyone was shouting, 'Run!' 'It's going to zero!' 'The end of the world!'
I opened my account, and my assets shrank by 45%. My hands were shaking, my heart was racing, and there were two little people fighting in my head. The little white guy said, 'Quick, cut your losses! If you don’t sell now, it’s going to zero!' The little black guy (that’s my rational side) said, 'Wait, let the bullets fly for a while.'

Today we are going to talk about a topic that sounds very dull, but can actually save your life: position management. This is a lesson I learned with a capital of 200,000, and it is the key to my survival through two bull and bear markets.
In January 2018, Bitcoin plummeted from 20,000 USD, and I thought, 'The opportunity has come,' so I gambled all my savings of 120,000 in one go. When it dropped to 12,000, I thought it was a chance to increase my position and borrowed 50,000 on my credit card. When it fell to 10,000, I panicked, but thought, 'It has dropped so much already,' and borrowed another 30,000 from a friend to continue 'buying the dip.'
In the end, Bitcoin dropped to 3,000 USD. My 200,000 was left with less than 50,000. Even worse, I needed money to pay off my credit card and my friend, and was forced to sell at the bottom.

Today I want to tell you a truth that might make you laugh out loud: In the crypto world, the year I made the most money was actually the year I did the least trading. In 2021, I only traded 7 times, averaging one trade every 52 days, but my profits exceeded the total of the previous three years.
In my busiest year, 2019, I traded dozens of times every day, and in the end, my biggest contribution was paying a five-figure trading fee to the trading platform, leaving myself with a lot of anxiety and half a head of gray hair.
Why is it so hard to 'not trade'?
We all have a kind of disease called 'trading compulsive disorder'. Symptoms are as follows:

Today, I want to take you into a dimension that most beginners have never noticed. In this market, your fear, greed, anxiety, and even that hint of luck are not secrets, but are meticulously mapped out and represented in real-time trading emotional candlesticks. You think you are 'analyzing the market', but in reality, you are more like a mouse in a transparent maze, every hesitation, every rapid heartbeat is clearly visible to the observers outside.
When I first started in the industry, I also paid a hefty 'emotional tax'. The most memorable time was one late night when I was staring at a small coin that was glowing from being 'nurtured' by the community, its price soaring in a straight line, and the chat box was filled with 'take off' and 'pattern'. In a surge of excitement, I jumped in with all my capital. Then, as if someone had timed it, the price suddenly 'plummeted', a needle piercing straight down. I slumped in my chair, with only one absurd thought left in my mind: 'Did they see me buy in?'

Today I have to acknowledge a particularly face-slapping fact: right now, when I'm making the most money in the crypto world, it happens to be when I'm doing the least trading. In 2023, I only made 17 trades all year, averaging one trade every 21 days, yet my earnings exceeded those of 2021, when I traded 20 times a day and was as exhausted as a dog for the whole year.
When I first entered the market, I felt like a 'warrior.' I had 8 market analysis apps on my phone, set 37 price alerts, and traded more times a day than I ate meals. I felt like every K-line was calling out to me, and every fluctuation was an opportunity prepared for me. My wife said to me, 'Your attention to K-lines exceeds your attention to me.' I retorted, 'Can you make me money like K-lines can?' Then I slept on the sofa for three days.

Today I want to tell a true story about a young man who used to shake in front of the candlestick chart. Last summer, there was a newcomer in my community named A Mu, who sent me a screenshot in the middle of the night, showing an account balance of 680U, along with a line of text: 'Old Li, this is my last bullet, and also my living expenses for this month. Should I go all in?'
I almost spat my tea out at that moment. Goodness, using living expenses to play contracts, this is not investing, this is self-destruction. I replied to him with six words: 'Stay alive first, then talk about making money.'
Six months later, this kid sent me a screenshot again. I rubbed my eyes to confirm I didn't miscount: 15,230U. What surprised me even more was that he hadn't blown up his account even once in these six months, hadn't lost sleep for a night, and even told me, 'Looking at the market now is as calm as watching the weather forecast.'

一、从嘻哈天王到币圈巨鲸：黄立成的辉煌起点
黄立成，台湾著名嘻哈歌手，90 年代 L.A.Boyz 乐队领队，凭借独特的中英文混搭风格红遍两岸三地。从舞台中央退隐后，他转身科技创业，身家迅速翻倍，更踩着区块链风口狂揽数亿，成为币圈响当当的 "麻吉大哥"。
2025 年 9 月 18 日，对黄立成而言是个 "巅峰时刻"。在去中心化交易平台 Hyperliquid 上，他的账户浮盈高达 4484 万美元，总资产接近 6000 万美元，持有 ETH 超过 1 万枚，BTC 近 300 枚，成为链上最耀眼的 "巨鲸" 之一。
然而，谁也没想到，这场财富盛宴竟在短短 47 天后以悲剧收场，上演了币圈史上最惨烈的 "死亡螺旋"。
二、47 天 "归零"：死亡螺旋全纪录
第一阶段：高位重仓，市场逆转（9 月 18 日 - 10 月 9 日）
9 月 18 日：账户峰值，总资产约 6000 万美元，ETH 多单为主，杠杆率高达 25 倍10 月初：市场开始下跌，多单逐渐浮亏，但黄立成坚信 "牛市还在"，继续逆势加仓10 月 9 日：账户盈利仅剩约 100 万美元，风险警报大作
第二阶段：连环爆仓，越陷越深（10 月 10 日 - 11 月 3 日）
10 月 10 日：被迫平掉 XPL 等仓位，单日亏损 2153 万美元，账户由盈转亏，正式进入 "死亡螺旋"10 月 14 日：再次爆仓，损失惨重10 月 23 日：又一次被清算，账户余额大幅缩水11 月 3 日：噩梦降临！他的 25 倍 ETH 多单被彻底清算，单日亏损 1500 万美元，账户仅剩 167 万美元
第三阶段：最后一搏，彻底归零（11 月 4 日 - 11 月 5 日）
11 月 4 日："麻吉大哥" 仍不死心，用仅剩的 1.67 万美元开了 100 枚 ETH 的 25 倍杠杆多单，试图 "翻本"11 月 5 日凌晨：清算再度降临，账户余额仅剩 1718 美元，6000 万美元灰飞烟灭，47 天的 "财富神话" 彻底崩盘
三、"死亡螺旋" 解剖：是什么让巨鲸沉没？
1. 超高杠杆：致命的 "兴奋剂"
黄立成在 Hyperliquid 平台上持续使用 20-25 倍甚至 40 倍的超高杠杆。这意味着：
ETH 价格只要下跌 4%（1/25），他的仓位就会被强制清算市场稍有波动，保证金就会被迅速吞噬爆仓价格与市场价几乎 "贴脸"，毫无安全缓冲
2. 逆势加仓：越亏越买的 "魔咒"
当价格下跌逼近清算线时，他采取了 "摊平成本" 的做法：
不断追加保证金，甚至平掉其他仓位来补缴 ETH 保证金市场越跌，他越加仓，试图降低平均成本，结果却将风险集中在一个持续下跌的资产上形成 "做多→被清算→充值→继续做多→再次被清算" 的恶性循环，这正是典型的 "高杠杆死亡螺旋"
3. 心态崩盘：赌徒心理的终极陷阱
随着亏损扩大，黄立成的心态彻底失衡：
从理性投资者变成了 "赌徒"，一心想要 "翻本"，完全失去风险控制在账户仅剩 1.67 万美元时，仍选择 25 倍杠杆 "梭哈"，这已不是投资，而是彻头彻尾的赌博最终不仅输光利润，还亏掉了约 1500 万美元本金，全年总亏损达 6090 万美元
四、平台 "加速器"：Hyperliquid 的推波助澜
Hyperliquid 作为去中心化交易平台，其特性在这场悲剧中起到了 "加速器" 作用：
支持最高 50 倍杠杆，交易速度极快（每秒 10 万 + 订单），清算几乎是 "瞬间完成"无需 KYC 的交易模式，让巨鲸可以不受限制地投入巨额资金平台原生代币 HYPE 的通缩机制，在市场波动时加剧了价格震荡，间接加速了爆仓进程
五、币圈警钟：从 "麻吉大哥" 到 "麻吉大割" 的启示
1. 杠杆是把双刃剑，高杠杆就是 "断头台"
黄立成的悲剧印证了一个币圈铁律：杠杆可以让你一夜暴富，更能让你瞬间归零。25 倍杠杆下，6000 万美元的资产实际上只有 240 万美元的 "真实价值"（6000÷25），价格稍有不利波动就会被无情吞没。
2. 逆势操作 + 不断补仓 = 死亡螺旋
当市场与你方向相反时，"坚持" 不是美德，而是愚蠢。不断追加保证金就像往无底洞填钱，只会让亏损越来越大，最终被市场彻底吞没。
3. 心态管理：比技术分析更重要的生存法则
在币圈，情绪是最大的敌人。从浮盈 4484 万到亏损累累，黄立成的心态从自信满满变成了孤注一掷，最终导致了不可挽回的损失。
结语：当 "麻吉" 变成 "麻烦"
黄立成的故事是币圈高杠杆悲剧的典型样本，也是对所有投资者的一记警钟。从 6000 万美元到 1718 美元，不是简单的 "运气不好"，而是贪婪、自负与错误策略的必然结果。
在币圈这个充满诱惑的 "赌场"，真正的生存之道不是寻找 "暴富秘籍"，而是学会控制风险、管理心态。记住：当你觉得 "稳赚不赔" 时，往往就是灾难的开始。
你对 "麻吉大哥" 的悲剧有什么看法？在高杠杆交易中，你有过哪些教训或心得？欢迎在评论区分享，让更多人引以为戒！

关注我，@币圈罗盘 ！带你精准预判每一波行情，别再错过任何赚钱的机会！
#加密市场反弹 $BTC $ETH

Today, we will review a collapse that is destined to be recorded in financial history, a textbook-level failure. It was not a hacker theft, nor a project team running away, but a 'belief' worth $40 billion, built on a clever mathematical formula, which was completely shattered by the most primal human panic in just three days. This is the story of the collapse of LUNA and UST, an 'epic stress test' for algorithmic stablecoins, and the result of the test was an explosion on the spot.
I remember very clearly that before May 8, 2022, UST was the star of the crypto world. It claimed to be a 'decentralized dollar', supported by algorithms (rather than dollar cash), forming a 'dual currency nesting doll' structure with LUNA. Countless people invested their life savings in the Anchor protocol, enjoying nearly 20% 'stable' annual returns. The entire ecosystem was thriving, and founder Do Kwon was hailed as a genius, with unwavering faith from the community.