I helped my brother clean up the mess, only then did I truly see how cold the knife-edge of the cryptocurrency world can be.
The day before yesterday, when ETH dropped below 3500, he said to me with red eyes: “If I hesitate any longer, these past years will be in vain.”
So he went all in with leverage, aiming for "doubling overnight".
In the end, he held on for 3 days, and his account went to zero. 1.5 million became fodder for the market.
When I visited his home, his hands were shaking, his gaze vacant, and he said to me: “I was so close.” But in the cryptocurrency world, "so close" often means going to zero.
Many people think they lose in the market, but in fact, they lose due to a lack of discipline.
The market is just an inducement; the real killer is human nature's greed, fear, and gamble.
I helped him review his trading records, and it was alarming:
Every time he increased his position, it was in a moment of impulse, and every time he stopped loss, it was in hesitation.
In one market cycle, he made three mistakes:
1️⃣ Position out of control.
He went all in when prices rose, leaving no buffer space.
2️⃣ Chaotic leverage.
Thinking that doubling down would turn things around, but instead, it magnified his losses tenfold.
3️⃣ Emotional trading.
Greedy during a green candle, panicking during a red candle, the whole operation relied on his heartbeat.
The loss of 1.5 million is just a reflection of countless individuals.
Some blame the market maker or luck after blowing up, but never reflect: what makes you think you can outperform a system that can influence the market at any time?
That night I told him: “The cryptocurrency world is not a quick-money race, but a graveyard of emotions.”
If you want to turn things around, it’s not about courage, but about longevity.
No matter how good the market is, not everyone has the fate to benefit.
So in the cryptocurrency world, position is armor, and discipline is the bottom line.
The strong always eat meat, follow Uncle Nan, the next wave of the market is already on its way!
