A Confession from a Cryptocurrency Trader: I'm Stuck in Contracts and Can't Get Out
To be honest, quitting contracts is harder than quitting smoking.
I have a brother who initially tried with 2000 yuan, and in three days, he made 20 times that. At that time, he was on cloud nine, thinking he was the next CZ, able to make money just by moving his fingers.
What happened later? Heavy investments, holding onto losing trades, going all in—his account numbers were like a roller coaster—50,000 turned into 30,000, 30,000 turned into 8,000, and finally, it went to zero. But by then, he was already obsessed, fully aware that contracts are a meat grinder, yet he just couldn't stop.
Why are contracts so addictive?
Fast: Stock prices fluctuate slowly, but in the crypto world, you can experience heaven and hell in one minute.
Intense: With 100x leverage, making money feels like printing cash, while losing feels like jumping off a building.
Illusory: You always feel like you can turn it all around with one more try, but you only end up deeper in.
The most terrifying part is that you know it's a dead end, yet you can't resist trying just once more. Just like gamblers always believe they can win on the next bet, contract players always think the next trade will recover their losses.
But the reality is that most people never get to see the day they recover before the market completely wipes them out.
Now he stares at the screen during the day, suffers from insomnia at night, and his phone is filled with trading apps. He says, "I’ll never play again," but as soon as the candlestick moves, his hands are faster than his brain.
Once you touch contracts, it’s very hard to turn back.
It's not because you're greedy, but because it's so fast, so exhilarating, and feels like a dream you can't wake up from.
Friends who missed last night's surge, don't miss the next wave, follow me, and let's plan together.
