What magic does the $ETH contract have? So many people face liquidation yet still want to play. To put it bluntly, in the crypto world, contracts are like a "devil's game". Even knowing that many people are liquidated and crying over their losses, a bunch of people still rush in. What’s the deal?

Actually, it’s just two words: excitement! Contracts allow you to "bet big with a small amount"! With a bit of margin, you can leverage dozens of times your capital. When the market rises, the account digits jump up, as if you can get rich by just lying down. Who can resist this temptation?

Moreover, the market fluctuates every day, and both rises and falls are opportunities. When stocks drop, you can only stare helplessly, but with contracts, you can "short" and make money, profiting even from declines. How exhilarating! Coupled with the flood of news in the crypto space, with good news one moment and bad news the next, the gambler's mentality kicks in: "I can definitely guess right!" Thinking about catching the volatility to make quick money, but often ends up being brutally educated by the market.

Even worse is the herd mentality. Seeing others flaunt their contract profit screenshots, "I earned a car down payment yesterday" or "tripled my money in three days", who wouldn’t be tempted? There’s always a feeling that "if others can do it, so can I", entering the market with a stroke of luck while ignoring the countless liquidation tragedies behind it.

But the "pit" of contracts is indeed deep! High leverage is a double-edged sword; it feels great when you’re making money, but you can also lose everything in an instant. The crypto world has no regulation, and the market can change at any moment; a single fluctuation can wipe you out. How many people have lost their entire capital and are even in debt…

To put it simply, contracts are like a casino. Knowing that nine out of ten bets lose, you still can’t resist wanting to try. But we ordinary retail investors really don’t need to gamble our hard-earned money. Don’t let the "get rich dream" cloud your judgment. Think about the days of eating dirt after liquidation; stay calm!

If you really can’t resist wanting to play, remember: don’t go all in! Use money you can afford to lose, manage your positions well, and don’t let contracts drag your life into the abyss. After all, there are countless ways to make money in the crypto world; don’t stubbornly cling to this most dangerous path…