What is the most tragic thing you've heard in the crypto world? 🔥🔥🔥

In November last year, a friend of mine was trading contracts with a principal of 500,000, leveraging 5 times. At the peak, the account reached 4.3 million. After deducting fees and part of the hedged spot, the total return was a whopping 851%. If it were you, what would you do? Most people would have stopped long ago, but he didn’t. His wife said there was a small dip in between, but he didn’t stop loss, and later it rebounded. At that time, the contract account’s profit had already exceeded 900%. There were too many short positions, and he just ignored it. Later, it dropped a bit, and he also didn’t choose to stop loss.

His wife mentioned that when it hit 430, he trembled slightly and called her to tell her about it, without being particularly excited. Then he just stared at the screen, incredibly calm. Because with contracts, he had previously made about 3 million at the peak, and then gradually lost it all.

After seeing the ups and downs, he could remain calm in such situations. He firmly believed it would reach 500 and wanted to wait until it broke 500 before taking profit. The result... without hedging the contract position, a needle came in mercilessly... the account instantly dropped to just over 80, less than 90, and the margin call was clearly too late...

The outcome is probably well-known; bomb... what remained was him holding his head with both hands, stunned for two minutes. His wife sensed something was wrong and was about to ask him what was wrong when he dashed to the windowsill and jumped out... Luckily, their home was on the 3rd floor, and he survived. But his legs are forever ruined.

The end of contracts is zeroing out. How many people can stop loss in time? Cognition determines the limit; being too greedy is not a good thing. The dean usually waits at level one, doubles the capital, and rolls back profits. The puppies I’ve observed recently are quite good.