I have been in the crypto world for two years, and after going in circles, trading has made my life a mess. I took a good hand of cards and played it terribly.
During the pandemic years, after finishing my college entrance exams, I went to the army. After my discharge, I continued my studies. I am someone who is unwilling to be mediocre, not content with a salary of three to five thousand after graduation. I started looking for various opportunities because I know that the truly profitable industries are always niche. At first, I sold second-hand phones on Xianyu, buying low and selling high to earn some small money. Later, I got involved in some e-commerce platforms, but I didn't make much, just keeping busy and feeling fulfilled.
But I know that doing these things will not change my fate. I learned about Bitcoin a long time ago and heard many stories of getting rich quickly, but I didn't know how to buy it. During the summer of my freshman year, I started intentionally browsing this area, learning to bypass restrictions and deposit money. Unfortunately, I had no protection period for beginners. When I deposited money for the first time, a U trader showed me how amazing he was, flaunting various profits, and he directly called me, saying he was willing to guide me, this little brother 😂. He asked me to download a trading platform called Camel on a non-mainstream app, and I foolishly trusted him. On that platform, I leveraged 150X, and that person didn't let me taste any sweetness. Looking at my losing account, he told me not to panic, it was just a small fluctuation. After playing for two days, I was liquidated with a loss of 30,000. That was all the money I had at the time, and I lost it all. I realized too late that I had fallen victim to a scam.
I didn't dare to tell my family. After the summer vacation ended, I asked my family for 10,000 as my living expenses for the semester. During that time, I learned from online teachers, such as Lu Xiaonan and the crypto director's class, who are very good teachers. I also learned some skills. I made some profits and some losses, but there aren't many who play contracts that end well. I kept losing my principal and ultimately couldn't control my desires. With high leverage, I was liquidated, and all my living expenses went in. I had no choice but to confess to my family. My mom was very angry but didn't say much about my faults. However, she only gives me 100 or 200 for living expenses each week. I understand because my family is from a rural area, and the situation at home is complicated. My mom raised me alone, which wasn't easy. When she has free time from farming, she works at a clothing factory for 10 hours a day and only earns 100 yuan. But I am someone who values face; after asking a few times, I felt embarrassed to ask for more. I took on some odd jobs on Xianyu, and barely managed to get by, but life is still tight.
But I still can't accept it. This is also a weakness of human nature, always wanting to recover losses. I started borrowing from online loans (I am sorry for the military's training). I thought I would just buy some spot without leverage. At that time, the market was still relatively good, with both losses and gains. Life started to improve slowly. However, after Trump issued coins, the market reversed, and I couldn't finish bottom fishing. Gradually, my borrowed principal started to lose. I knew I was licking blood off a knife's edge, but I couldn't stop. With ten times, fifty times, and a hundred times leverage, the more I played, the bigger it became. In the crypto world, money isn't money; it's game currency. As long as you're not at the gambling table, the outcome is predetermined. Finally, I was liquidated a few days ago. I finally understood the warnings from those seniors. I regretted turning my life into a mess, staring at the screen until two or three in the morning. There is nothing more important than watching the market, which resulted in me becoming distant from the people around me and falling behind in my studies. I am a failure.
The glory of the crypto world is no longer related to me. I have learned so many indicator theories, thinking that making 20,000 the night before would make me the chosen one, allowing me to forget the hardships of reality. I owe a total of 70,000, which is the money my mother worked for years to earn. I am sorry for her; several times I thought about ending my life, but I really can't accept it. I haven't even had a girlfriend yet, and I don't want to leave this life without experiencing the world's beauty. If I go, my mother will be so desperate.
Friends, I hope you all can get rich, but remember not to borrow from online loans, that's like licking blood off a knife's edge. If you make money, you must withdraw some, and avoid high leverage. Human nature is greedy; stability is what truly matters. Spend more time appreciating the beauty of the world; trading is not everything in life. I also need to confess to my family that my future path will definitely be very difficult, but I am a man, and this is something I cannot escape.
Friends, if you have any work you can offer me, I will definitely do my best to complete it. I need to pay off my debts, and I am very grateful for that.
In the name of God, I bless my friends in the crypto world with eternal peace and joy in their hearts.
Amen
