The Truth About Explosions! How Deep Are Contract Pits? The Blood and Tears Lessons of Old Investors Fully Revealed!

Old investors chant every day, 'Don’t touch contracts,' but the reason behind it isn’t to scare you — they have truly been knocked down by contracts! For example:

Last year, Old Wang played spot trading with 10,000 and now has only 6,000 left; next door, Little Li also played contracts with 10,000, and after three rollovers locking in 20% Bitcoin activity, his account has skyrocketed to 80,000! The secret lies in Little Li repeatedly reinvesting the profit, causing the snowball to grow bigger and bigger.

But don’t act impulsively! You must remember the bloody lessons:

Opening 20 positions in a day piles up fees like buying a mobile phone;

Being greedy after making profits and desperately chasing losses when losing, ultimately leading to losing everything;

Fully utilizing leverage is like gambling, and the speed of liquidation is incredibly fast.

Three rules of survival summarized from three liquidations:

Only trade in three situations — sharp drop rebound, breakout from consolidation, extreme panic;

Each position should not exceed 30%, leaving some ammunition;

Don’t stare at the market for more than 3 hours; overly focusing will lead to quicker losses.

Practical example: When Bitcoin drops to 50,000, take 10,000 principal and open 3x leverage, when it rises to 53,000, first close half to lock in the principal, and let the remaining profit continue to roll. Set stop-loss at 52,000, if it falls below the 60,000 resistance, exit directly.

Remember two iron rules:

If the principal rises over 30%, immediately stop for half a month;

If profits retract over 50%, immediately lock in the gains.

The strangest truth is: the 'big shots' who post pictures every day might go bankrupt and run away tomorrow; the truly profitable veterans often only open 3 positions a month, low-key and steady.

Now the choice is in your hands: will you continue to be an investor or use institutional thinking to protect your principal and wait for opportunities to explode? The cryptocurrency market has many opportunities, but preserving your principal is key to having a future.