The most tragic and real story in the crypto circle! None!!!
In November 2023, a friend played a contract with a principal of 50w and opened a long 5 times. The highest peak of the account was 4.3 million. After deducting the fees, handling fees, and part of the hedging of the spot, the total收益率was 851%.
At this time, if it were you, what would you do? Most people would have stopped long ago, but he didn't. According to his wife, there was a small drop in the middle, and he didn't stop the loss, and then it rebounded. At that time, the profit of the contract account had exceeded 900%, which should be too many shorts, so I didn't care about it. Later, it fell a little bit, and he didn't choose to stop the loss. When his wife mentioned 430, he stopped her in a slightly trembling tone and told her about the situation. He was not particularly excited, and then he stared at the screen, slowly and extremely calmly. Because of this contract, I had earned nearly 3 million yuan at the peak before, and then I lost it all. I have seen the ups and downs, so I can be extremely calm when I encounter such a situation.
He still believed that it would reach 500 and wanted to wait until it exceeded 500 before giving up. In the end... In the case of no hedging of contract positions, a needle was inserted mercilessly... The account was instantly left with less than 90 or 80. It was too late to close the position... The ending should be known to everyone, bomb..
The rest is that he held his head in both hands and悶for two minutes. His wife vaguely felt something was wrong and was about to ask him what was wrong when he rushed to the window sill and jumped down... Fortunately, his house was on the 3rd floor and his life was saved. But the legs can never stand up again...