From 50,000 to Zero: A Contract Player's 72-Hour Wealth Disillusionment History
In May 2023, data from a certain exchange's backend showed
User "BTC_God" completed account cancellation at 3 AM
This account, which once turned a 50,000 principal into a 2 million profit, ultimately ended with a balance of 0.00 yuan. This is not a fictional story, but a real survival sample from the cryptocurrency contract market.
1. Deadly Leverage: The Shortcut You Think Is Actually a Cliff
The mathematical truth of 100x leverage: When Bitcoin's current price is 30,000 USD, going long with 100x leverage means
Increase by 1% → Principal doubles
Decrease by 0.99% → Forced liquidation
In 2023, the number of days when Bitcoin's daily volatility exceeded 3% reached 112 days, which means there is a 31% chance of direct liquidation every day.
2. Survival Principles of Professional Traders
1. Fund Management Code
Common among novices: Half position betting (50% principal per trade)
Institutional standard: 2% risk control rule
Calculation formula: Maximum loss = Principal × 2% / Stop-loss range
Example: 100,000 principal, 3% stop-loss level → Single order amount ≈ 66,000
2. Cycle Resonance Trap
4-hour candlestick players using 20x leverage ≈ Walking a tightrope high above
Professional team operation model
1-minute level: Leverage ≤ 5x
5-minute level: Leverage ≤ 3x
Daily level: Leverage ≤ 1x
3. Black Swan Defense Manual
Significant market change events in the past three years:
Date | Event | 24-hour liquidation volume
2021.5.19 | China Regulatory Policy | $8.6 billion
2022.5.12 | LUNA Crash | $4.7 billion
2023.1.4 | Federal Reserve Interest Rate Hike | $3.5 billion
3. The Truth Behind Survivor Bias
Data from a certain exchange in 2023 shows:
3-month survival rate: 12.7%
1-year survival rate: 0.83%
3-year continuous profit makers: 0.17%
Data sample: 100,000+ active contract accounts
4. If You Still Want to Try: A Minimal Survival Guide
1. Startup Plan
Demo account: Complete at least 1,000 trades
Real funds: ≤ 10% of monthly income
Withdrawal rules: Withdraw immediately when profits reach 50% of principal
2. Cognitive Upgrade Reading List
"Trading Psychology Analysis" (Mark Douglas)
The Turtle Trading Rules (Curtis Faith)
"Financial Alchemy" (Soros)
3. Warning Signal Checklist
Immediately stop trading when any two of the following occur:
Three consecutive violations of trading plan
Daily losses exceed monthly profits
Start of "recouping losses" mentality
Sleep time < 5 hours/day
If you don't understand cryptocurrencies yourself, it's recommended to follow the Abbot!
