Why do people who easily get carried away shouldn't play contracts? Let's take a look at the real tragedies around me!
In the bull market of 2021, I had a buddy who invested over 700,000 and quickly made over 5 million. At that time, everything he bought went up, and it felt like money was never enough. Later, he even opened a contract account, and after learning, he started making even more money, feeling incredibly happy.
One day, he suddenly asked me if there were any good coins to invest in, and he mentioned that it was inconvenient for him to invest in small coins. I was taken aback and asked him where he got so much money. He told me it was financed, with five times leverage, and the interest wasn't low, plus they would deduct a month's interest in advance.
I was worried that he might run into problems doing this, but he was quite confident, saying it was introduced by acquaintances from the securities side and was absolutely safe. However, I already felt that the market was about to end, and I urged him for three consecutive days to clear his contract account, but he wouldn't listen, believing there wouldn't be any major issues.
As a result, just a few days before May 19, Musk suddenly said that you no longer need to buy cars with Bitcoin, and then Bitcoin plummeted dramatically, dropping 34% in one day. Other coins also fell hard, with Dogecoin and Shitcoin dropping by more than 50% and 60%. Since then, I haven't heard him mention anything about the crypto space. Later I found out he got liquidated and lost over 18 million.
That night, he cried his heart out and almost couldn't take it anymore. His wife comforted him all night, fearing he would do something foolish.
Later, the couple moved to another city, and since then, they lost contact.
So now, if someone asks me about contracts, unless they can really follow my strategy, I always respond: Buy spot.
Friends who are confused and lost about trading, comment 111, this round of the bull market will make you rich.
