After gaining hundreds of times returns in the cryptocurrency world, this person faced liquidation in just two days, a painful lesson that serves as a wake-up call!
He has been trading cryptocurrencies for seven years, starting from primary market projects, accumulating initial wealth through private investments. His initial capital of over 30,000 quickly grew to 200,000. With the bull market driving this, his funds further expanded to 800,000. Subsequently, he continued investing in projects and setting up mining farms, ultimately accumulating over 20 million.
However, because he had never managed such a large fortune, after becoming wealthy, he began to pursue a luxurious lifestyle, even looking down on mansions worth seven or eight million. Thus, he decided to take a risk and invested all his funds into contract trading. Unfortunately, in just one day, his funds were almost depleted, ending in liquidation.
Despite facing setbacks in contract trading, he was not a blind gambler. Since 2016, he has been involved in the cryptocurrency world, starting from projects and showing a certain level of wisdom. He set up mining farms and assembled mining machines, putting in considerable effort to make money. However, in order to quickly grow his funds to the billion-level, he took a huge gamble, ultimately losing everything, which is regrettable.
This example profoundly reveals how people can easily lose themselves and undergo drastic changes in consumption concepts after sudden wealth. Without the ability to manage wealth, even if one earns a huge amount through hard work, it can be squandered due to a lack of respect for wealth.
In contract trading, a small trial is sufficient; do not gamble heavily for a long time. The market only needs to defeat you once to eliminate you. Therefore, it is crucial to control your own risks and avoid blind gambling.
Market corrections are the norm; it is impossible to have continuous rises. By formulating your short-term and long-term planning strategies, you can emerge as the winner and laugh until the end!
Wishing all the investors can reach the shore soon, may everything go smoothly, may they all make big money, and may they earn the ideal number in their hearts!
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