In this game of temptation and risk in the crypto world, the myth of getting rich overnight is enticing, but there are also those who fall deep into it, losing everything. My friend A Qiang is one of them.
At 2 a.m. one early morning last August, a series of urgent phone rings broke the tranquility of the night. I groggily answered the phone, and on the other end, A Qiang was crying heart-wrenchingly, his voice filled with despair, making me instantly alert. He cried that he didn't want to live anymore, that life was meaningless. After my constant comforting, he finally choked out the reason - in just two months in the crypto world, he lost over 800,000.
A Qiang originally had over 300,000 in savings. Although life wasn't extravagant, it was stable. But now, he not only has no savings left but also carries over 500,000 in debt. Everything stems from his blind following in the crypto world.
When trading cryptocurrencies, A Qiang did not conduct any in-depth research but blindly followed the guidance of so-called 'teachers' and unreliable news, diving headfirst into investing in altcoins. He invested most of his savings, eagerly expecting wealth to grow quickly, but little did he know that what awaited him was a deep loss. Like many newcomers in the crypto world, faced with losses, he only wanted to recover his capital quickly, completely losing his rationality. Every time the price of the coin fell, he blindly bought more, trying to lower his cost, but the altcoin he purchased plummeted by 80%. Ultimately, he could no longer bear the immense pressure and had to sell at a loss.
However, A Qiang did not learn his lesson. Hearing that playing 'meme coins' could lead to overnight wealth, he believed in some so-called 'insider information' from a small platform and unhesitatingly transferred 100,000. As a result, right after transferring the money, he was blacklisted, and that 100,000 was instantly lost. Yet he still held onto a glimmer of hope, secretly taking out loans to trade contracts. But this was no different from drinking poison to quench thirst; within a week, he was completely liquidated. In just two months, he went from having savings to being deeply in debt. His family also fell apart as a result; his wife divorced him, and even the child was taken away by his wife.
This painful failure finally made A Qiang completely wake up. On the phone, he cried and recounted his mistakes, deeply aware that engaging in contracts and taking loans to trade cryptocurrencies are all major taboos in the crypto world.
I felt both heartbroken and helpless, and could only do my best to help him replan his life. I made a few requests: First, in the future, before making any decisions in the crypto world, no matter how late it is, he must contact me first; second, to firmly stay away from contracts and unreliable altcoins. If he really wanted to trade contracts, he could only choose mainstream coins and must control the leverage to a small amount, setting stop-loss limits.
After hanging up the phone, I couldn't calm down for a long time. In the crypto world, there are countless examples like A Qiang. Many people fantasize about getting rich overnight, yet ignore professional advice, blindly operating. I am often asked if training can guarantee profits, and my answer has always been negative. Because trading operations are in one's own hands, but as long as one can listen to advice, practice skills, and stabilize their mindset, they can at least avoid major losses and achieve stable profits. I hope A Qiang's experience can serve as a warning to everyone, and never repeat his mistakes.$ETH $BTC #我的COS交易 #加密市场回调 
