#btc Have you noticed that when 100 drops by 20%, it goes down to 80, but when it rises by 20% from 80, it only reaches 96? If it drops by 20% from 80, it goes down to 64. If it then rises by 20%, and again by 20%, it still won't reach 100. The difference is significant.

This is the reason why many players with capital around a few dozen suffer losses in spot trading; they don't make much profit when prices rise, but when they fall, it's like bleeding money. Continuous losses over several days lead to excessive losses, making them unable to resist opening contracts. Initially, they might open at 2x leverage, incur losses, think it will rise, and increase leverage to 3x or 5x, but still incur losses? They gamble and go all in at 10x, still incur losses? They borrow money and use margin to get to 20x; how can it keep falling?

The final result is liquidation. In the past two years, there have been fewer deep spikes, but if you look back at the spikes in 2017, 2018, and 2019, they were even more terrifying.

So, when everyone goes all in, it's best to first clarify a major direction, decide whether to buy spot or short with low leverage based on a one or two-year outlook.

Most importantly, I believe, don't let it overly affect your life. Don't end up in a situation where you need to sell some coins to pay off an installment, as that would be very serious. You must always believe that you are not the lucky one.