Every day, someone gets liquidated, missing out on this bull market early on. Why do so many people continue to gamble?

In the cryptocurrency world, tragedies occur frequently where contract liquidations lead to financial ruin, and some even take drastic measures. Yet, a large number of people still rush in, driven by multiple temptations.

From the perspective of profit speed, compared to the hard-earned monthly salary of only 10,000, cryptocurrency contracts are a shortcut to exorbitant profits. If you invest 10,000 as principal to open a 100x leveraged contract, a 1% upward market fluctuation can instantly yield a profit of 10,000, making several months of hard work pale in comparison to a single moment of contract operation. Such profit efficiency is alluring.

The player base is mainly divided into two categories: one is seasoned traders with ample funds, opening small positions with a small principal, as calm and composed as hoarding spot assets, unafraid of fluctuations; the other is speculators with limited funds, attempting to turn their fortunes around overnight through leverage, driven by dreams of sudden wealth, betting it all.

The craziness of the cryptocurrency market is beyond imagination. In extreme moments, the speed of rises and falls is measured in seconds, with fluctuations of 1-2% per second being common. When luck is on their side, one can 'earn' a month's salary in just one second. Some smaller funds even exaggerate this, with price increases of several dozen percentage points in a minute, and even mainstream currencies like Bitcoin can drop by 3-4 points in a minute.

The compound interest effect adds fuel to the fire of cryptocurrency contracts. From 10,000 to 20,000, and then from 20,000 to 40,000, profits grow geometrically, and wealth appreciation is like a rocket launch. With the same 1% market fluctuation, trading spot with a principal of 100,000 earns only 1,000, while opening a 10x leveraged contract can yield 100,000, making the profit difference astonishing.

Some people are overly confident, believing that by accurately controlling their positions and skillfully setting stop losses and take profits, they can master cryptocurrency contracts and steadily reap dividends. However, reality is harsh; cryptocurrency contracts are essentially high-risk swamps, and the so-called 'sure-win' strategies are often illusions. A moment of carelessness can lead to deep entrapment and total loss. Heed this advice: click on the K-line chart below to buy some spot assets; at least there will be a chance to turn things around in next year's bull market.