In the crypto world, contract trading is like a gold mine, attracting countless prospectors. Although countless people become liquidated to zero every day, new entrants continuously flood into the market. Why? Because the allure of contract trading extends far beyond the fantasy of sudden wealth; it is rooted in the desires and thrills hidden deep within human nature.

1. The leverage effect of wealth: the deadly temptation of small bets with big stakes.

In the spot market, you can only wait patiently for the price to rise, with a 10% increase meaning a 10% profit. But in the contract market, 10x leverage can turn a 10% fluctuation into a 100% return, and 100x leverage can even turn a 1% fluctuation into doubled profits. This feeling of 'using a little force to shift a great weight' makes countless people addicted.

“Turning 10,000 into 1,000,000 only requires one wave of market movement.”
Such stories are common in the crypto world, and although 99% of people ultimately face liquidation, as long as there is a 1% success case, it is enough to attract countless followers.

2. The thrill of instant feedback: more exciting than gambling.

The volatility in the contract market far exceeds that of stocks and funds, with potential surges or drops of 10% or more within a minute. This instant feedback creates a thrill that makes traders addicted like gamblers.

  • Won? The brain releases dopamine, creating the illusion of 'I can keep winning.'

  • Lost? Unwilling to accept it, always wanting to 'recover in the next round.'

This psychological mechanism causes countless people to keep replenishing their accounts even after liquidation, continuing to gamble.

3. Survivorship bias: only seeing the myths of sudden wealth while ignoring the countless failures.

On social media in the crypto world, stories of '100x leverage, making 5 million in 3 days' are always prevalent, but few show screenshots of their liquidations. People only see the brilliance of the successful while selectively ignoring the pain of the failures.

“If he can earn, why can’t I?”
This illusion drives countless people into the contract market, until they become part of the liquidation statistics.

4. The market always has opportunities: the market never sleeps.

In the crypto world, trading is 24/7 without limits on price fluctuations; significant market movements can occur at any time. Whether Bitcoin breaks new highs or a certain altcoin suddenly gets pumped, opportunities seem to always exist.

“As long as I seize one opportunity, I can turn my fortunes around.”
This hope prevents countless people from leaving the market after liquidation, even leading them to borrow money to continue gambling.

5. Human weaknesses: amplifiers of greed and fear.

Contract trading amplifies human weaknesses:

  • Greed: after earning 100,000, one wants to earn 1,000,000; after earning 1,000,000, one wants to earn 10,000,000.

  • Fear: unwilling to cut losses when in the red, always fantasizing that the market will bounce back, resulting in greater losses.

In the end, most people do not lose to the market, but to themselves.

Conclusion: Contracts are a dance on the edge of a knife.

Contract trading is like a double-edged sword; it can make you rich overnight, but it can also bring you to zero in an instant. Its allure lies not in 'stable profits,' but in the extreme thrills and possibilities.

“In the crypto world, one day is equivalent to a year in the human realm.”
In this condensed game of wealth, some become legends, while more become cannon fodder. However, the allure of the contract market will still draw countless people in, until they truly understand — the dream of sudden wealth is beautiful, but the cost is often more brutal than imagined.