From mining to liquidation, my four-year descent
In May 2025, when I attempted to cancel an account at a certain platform, I realized that the negative assets from my contracts made even exiting the market a luxury. The numbers on the final liquidation screenshot serve as a brutal footnote to these years of obsession with cryptocurrencies. I write this experience not to discuss technology or market trends, but to dissect human weaknesses.
Everything began in the spring of 2021
My graduate school roommate's GPU mining 'tutorial' was the first step into the abyss for me. Mining ETH with an RTX 3060ti, watching the numbers jump on the app, I thought I had grasped the secret to 'earning while lying down.' During the 512 crash, I was completely oblivious to market fluctuations; after two months of mining, I had earned just over 1000, yet due to my ignorance about cashing out, I let it sit — at that time, I didn't even know how to write the word 'risk.'
The fantasy of 'financial freedom' with 10,000
After working for a year, I was ignited by the bullish market atmosphere when I first held over 10,000 in funds. Witnessing a coin double in a single day on a certain app, the temptation of '5000 turning into 10,000 in two hours' shattered my rationality. After successfully cashing out 2000 from mining, my gambling instincts spiraled out of control: since mining was slow, why not trade coins directly? With the luck of 'earning enough for a new phone and withdrawing,' I deposited 5000 in C2C — from that moment on, I officially embarked on a path of no return, costing me four years and resulting in debt.
The traps of human nature are sharper than K-lines
What started as a simple wish to change my phone led me deeper into leveraged contracts. I once believed that technical analysis could conquer the market, but I repeatedly slapped myself between greed and fear: fantasizing about financial freedom during profits, trying to break even during losses, ultimately bringing out all my gambling instincts. Looking back now, the true 'scythe' in the crypto world was never a specific coin, but our obsession with getting rich quickly — behind those myths of short-term doubling are countless real stories of ordinary people losing everything.
To you who are still in the game:
If you are trading coins with your living expenses, mortgage money, or even borrowed funds, please stop immediately. This market is never short of legends about the 'chosen ones,' but it will never tell you: 99% of people will ultimately become the denominator. Delete the app, return to reality; perhaps stopping your losses at this moment could be the greatest profit of your life.
