A survivor in the crypto world torn and stitched by leverage
Family collapse under the illusion of getting rich quickly
In 2023, Bitcoin broke $60,000, and the 'get-rich-quick myths' flooding social media made me completely fall for it. At that time, I had just been married for two years, my wife was gentle and virtuous, and my daughter had just turned one. But the story of 'Liangxi turning 1,000 yuan into 10 million' haunted me like a curse; I secretly mortgaged our marital home and rushed into the futures market with a principal of 500,000.
"Long ORDI with 10x leverage, tripled in a week" "Short SOL at 20x, earned 200,000 in a single day"... The initial victories inflated my ego, and I even quit my job to trade crypto full-time. My wife repeatedly advised me: "Leverage is like licking blood off a knife's edge; can't we just live our lives well?" I mocked her for 'not understanding the blockchain revolution'.
Turning point:
In March 2024, a black swan event of the Federal Reserve's interest rate hike struck, and Bitcoin plummeted 25% in 24 hours. My heavily invested LINK futures liquidated, wiping out my 500,000 principal instantly, leaving me owing the platform 150,000. Collection calls started coming to the house, and my wife cried and asked for a divorce: 'You didn't choose the crypto world; you chose a casino!' A week later, she left with our daughter.
Self-redemption in the abyss
Those were the darkest three months of my life. During the day, I worked on the construction site to pay off debts, and at night, I curled up in a 10 square meter rented room flipping through Binance Square. A post titled (Futures are a meat grinder for the poor) pierced me— the author lost his wife and children due to leverage liquidation, eventually paying off 2 million debts through three years of spot investment. The sentence at the end, 'In the crypto world, living is more important than getting rich', made me completely awake.
Three principles of rebirth:
Completely quit futures and leverage trading
Data from Binance's futures empire shows that among users who liquidated in 2024, 83% used over 20x leverage. I canceled all futures accounts, bound my salary card to Binance spot trading, and set a hard limit of 'daily transaction amount not exceeding 5% of total assets'.Only hoarding Binance certified assets
After studying the Binance Research Institute report, I focused on the Bitcoin ecosystem and RWA (real-world assets) track. I invest my monthly salary in BTC and ENA— the former is 'digital gold', and the latter is backed by institutions like Franklin Templeton, showing strong resistance during downturns.Using platform tools to hedge risks
Participating in Binance's new coin mining and Staking, with annualized returns stable at 8%-15%. In June 2024, I staked BNB to mine OMNI, selling it for a threefold profit on the launch day, filling part of the debt hole.
Chapter 3: The Road to Turnaround— The Power of Time and Discipline
January 2025:
The Bitcoin halving market started, with BTC rising from 35,000 to 52,000; my regular investment account saw a floating profit of 60%;
ENA was recognized by the Federal Reserve due to the 'compliant USD stablecoin protocol', with prices breaking $1.20, and early holdings increased fourfold;
The Binance Launchpool project Saga launched, with staking rewards combined with rising coin prices, earning another 80,000 in principal.
April 2025:
Total assets broke 1 million, paying off all debts;
My ex-wife contacted me after seeing my trading records: 'You finally look like a person.'
Chapter 4: Life and Death Experience for Retail Investors
Always respect the market
Binance market data shows that the average survival period for futures users in 2024 is only 47 days. Remember:Losing money in a bull market is worse than in a bear market— In times of frenzy, everyone claims to be a stock god, only to discover who is swimming naked when the market crashes.Family is more important than K-lines
Looking back through chat records, I realized that the day of the liquidation was my daughter's birthday. Now I forcibly reserve 30% of my time each week to spend with family, and the Binance app is set to 'automatically lock positions during family time'.Believe in the power of the platform
Binance's yellow label merchants, shield asset protection, institutional-level custody... these compliant tools are the moats for retail investors. Don't be like me back then, lured by the high leverage of small exchanges, ending up losing both money and assets.
Conclusion
Now I am writing this article in Binance Square, not to show off my turnaround, but to tell future generations with blood and tears:
There are no myths in the crypto world, only survivors.
When you stop fantasizing about getting rich overnight, the path to financial freedom truly begins.
(This article only represents personal experience and does not constitute investment advice. Binance reminds: The market has risks, and investment requires caution.)
