At the age of 24, I made 2.1 million through cryptocurrency trading, almost costing me my life.
Looking back now, it feels like a roller coaster ride, starting from the sky and ending at the edge of a cliff.
It all began when a friend boasted at a party about a coin he invested in that multiplied several times. I initially scoffed at it, thinking it was unreliable. But a few months later, he showed up with a new car, and I started feeling restless.
I invested $3,000 of my spare money, thinking I would just try it out. Little did I know, it was the perfect timing, and within a week, my account doubled. Watching the numbers rise those few days made my heart race so fast that my fingers trembled.
Slowly, I became completely engrossed. During work, I stared at my phone watching the candlestick charts, and after work, I continued researching various projects. At my craziest, I even set an alarm to wake up at night to check the market. I kept increasing my leverage, even going up to 100 times, feeling like I had cracked the code of the world.
When my account peaked at 2.1 million, I even considered quitting my job to start living the life I wanted.
But the turn came too quickly.
That morning, I was still in bed watching my account grow by hundreds of thousands. By noon, the market started to fluctuate, and I thought it was just a minor correction, so I increased my position. By the afternoon, the decline was like an uncontrollable avalanche, with margin calls coming one after another. By the time I realized what was happening, my account had less than 20,000 left.
The real torment came afterward. Credit card overdrafts, loan deadlines, collection calls ringing in ten times a day. The pressure was so intense that I couldn’t sleep at night, and my mind went blank during the day. Once, standing on a bridge, looking at the traffic below, my feet almost stopped moving.
In the end, it was my family who noticed something was wrong and helped me through their savings.
Looking back now, those who insist that you can turn your life around with a gamble often have never experienced the despair after a margin call. Making money is exhilarating, but being alive is more important than anything.
The market is still brewing. If you still don’t understand how to play it, don’t worry, join me in planning and I’ll make sure your positions are clearly arranged!
