The evolution of the cryptocurrency community: from three liquidations to the epiphany of understanding the dealer’s tactics
1. The liquidation message at 3 a.m.: The awakening of 50,000 yuan of capital being wiped out On May 19, 2021, I stared at the liquidation notification on my phone. My 50,000 yuan principal was wiped out in the SOL contract. The K-line on the screen was still jumping wildly, just like my trembling fingers. I heard the cheers of my roommate playing games next door, and I hid in the stairwell, staring at the 0.01U in my balance in a daze - this was my third liquidation. The 80,000 yuan principal I lost in the first two times was borrowed from my parents for the down payment on a house.
Suddenly I remembered what a big shot said during a live broadcast: "Newbies die from chasing highs, veterans die from bottom fishing, and experts die from leverage." I thought it was nonsense at the time, but now I understand: the fatal flaw of the leek mentality is to treat the casino as a bank.
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