Why am I still so calm when the decline has been so big in the past few days?

First of all, I declare that I never short sell

The following experience is completely the experience I have summarized in the past 8 years

1. Ordinary people should never touch contracts, never touch contracts, never touch contracts, why repeat it three times?

Remember that when you look into the abyss, the abyss is also staring at you, and will swallow you up sooner or later without even spitting out bones. To pursue high returns, you must make sure whether you can bear high risks.

The four good brothers around me who have played together since junior high school are all in the currency circle. In the past few years, they have all fallen into the pit of contracts (when we entered the currency circle, we agreed in advance not to recommend coins to each other, not to play contracts but only to take spot, and only to share important information, so playing contracts quietly is independent thinking. So think about how high the probability of this loss is). I won’t tell their stories today, but what happened to me in the past year. Because I suffered a big loss in contracts before, I still haven’t touched contracts in these years. On December 1st last year, I saw a blogger on Twitter analyzing the currency circle game sector, and the conclusion was: it can’t develop, and the game sector is all bubbles. I didn't pay much attention to it at the time. I looked at the coins normally at night. I checked BIGTIME and it was in the game sector. It should be around 0.28 at that time. I went to check the information. A blogger said that he was a player of BIGTIME. This game is not good and cannot be developed. It happened that I saw that the copy trader I followed before was also short. I was very restrained and didn't go high. I started with a few hundred U and double leverage. This time I was hooked. You chased him up and kept adding positions and leverage. On the night of December 4, BIGTIME pulled back. I felt that I saw hope. Before going to bed that night, it fell back to around 0.5. Just in case, I added margin. The liquidation position was around 0.93. I felt very safe and fell asleep. When I woke up the next morning, there were many liquidation warnings and liquidation emails on the mobile phone page. It was back to the pre-liberation period. Maybe you think I am an exception. From December last year to January 1, 2024, TRB, many people in my group were shorting at the time, and none of them were spared in the end. All the lower leverages were liquidated.

Why are they ordinary people? Who are ordinary people?

Ordinary people don’t have unlimited funds, and if a game fails, they may never be able to recover.As long as you are not a banker, you are just an ordinary person. Once you enter into a contract, you are just waiting to be shared at the table.