Borrowing money to trade cryptocurrencies is the deepest scar of my life.
Whenever I think of borrowing, I remember that dark time that has been etched into my bones.
Let's go back to June 2015, when the A-share bull market was coming to a crazy end. I borrowed money to invest, and as a result, my leverage was wiped out, returning me to square one overnight.
From that moment on, I embarked on a journey of debt. I borrowed money and gambled my life on it. The bull market of 2017 gave me a glimmer of hope, and I began to pay off my debts; but in 2018, 2019, and 2020, the allure of off-exchange leverage tempted me back to the battlefield once again.
Until March 12, 2020, a day I will never forget: the entire market crashed dramatically, and my leveraged accounts were wiped out overnight. All the efforts I had put in over the past few years were gone.
At that moment, I understood that in the face of cycles, personal willpower is utterly insignificant; you are not operating in the market, you are merely gambling that you won't be unlucky. Leverage is a double-edged sword.
I do not deny that during the 2021 bull market, I did make money through borrowing and leveraging. At that time, the market was good, confidence was high, and pullbacks were small; I could make money even with my eyes closed.
But what about now?
The market is weak, volatility is high, and there are many traps. Adding leverage now only adds to my woes.
You think you are here to turn your fortunes around, but in this cycle, there are many more people looking to empty your wallet than you can imagine.
Market makers, institutions, competitive traders, off-exchange funds... each of them is eyeing your "last deposit." The hardest part is letting go of obsession.
I’m tired, from 2015 until now, from having to not having, and then from nothing to something, back and forth.
I am not advising people to leave the market, but I am advising restraint. This market is no longer a game where “talent can easily succeed.” It tests who can control their desires and who can survive during downturns.
Growth has never been about charging ahead; it’s about learning: to pull back in frenzy, to remain calm in temptation, and to stay still in incomprehensible markets.
It’s not that you can’t turn things around; it’s just that many times, you think you’re taking a gamble, but in reality, you’re risking your life.
If you want to understand how I survived through the cycles,
how I climbed back after "getting wiped out,"
like and follow me!
Perhaps my experience can help you avoid some pitfalls.
