Welcome to Binance Square! There is a person in the crypto world named Liangxi, who earned between 20 to 30 million dollars from 1500 dollars in less than two months through cryptocurrency trading. Liangxi stated that Geng Zhiyu is 17 years old this year, born in Jinan, opened an account in May, and invested with an initial capital of 1500 dollars. He happened to encounter the crash of digital currencies on May 19, and his assets instantly earned between 20 to 30 million dollars. He mainly trades Ethereum and Bitcoin, using high-leverage contracts, with an average contract being 40 to 50 times. What does this concept mean? A fluctuation of around two dollars can double the investment, which is undoubtedly equivalent to heavy trading. What is the fate of such trading methods? I believe everyone is clear about that. Around June 20, he shorted Bitcoin and Ethereum with 40 times leverage and faced liquidation; he shorted Ethereum at 1837, and as a result, Bitcoin surged on June 28, leading to another liquidation of his account. Based on his recent continuous liquidation amounts, it's estimated that he has lost almost 20 million. Finally, I want to share a saying: Wealth gained through wrong methods will eventually be lost along with the principal and interest. I hope we all take this as a warning and avoid any kind of lucky mentality in the trading market, as that won't lead to winning in the end, unless one knows to stop immediately after making a profit.