A fan voted for this article, and he said he wanted to record it in words, and also wanted to share it with everyone as a warning, and it was also a farewell to his past.
I came into contact with virtual currency in January 2021. At that time, I was introduced by a colleague and began to learn about virtual currency, and downloaded Oukex, Huobi and Bian trading software and TP electronic front package. I remember that I recharged 5,000 for the first time, and wanted to try it. At that time, I only knew how to buy spot.
I remember that Musk called for doge coins in March and April. Tesla supported btc payment for a while, pulled a wave, and then sent a push (doge picture). Doge directly pulled more than ten times. I bought doge spot at the end of March. I remember that I made 30% in just two days after buying it. I started to get excited and began to imagine that if I bought 50,000 at that time, I could make 15,000. So I added a few thousand to the salary paid in April, recharged 20,000, and bought shib and doge again. After that, it went up and down, and the profit was given back. It was always profitable.
During this period, I added many girls using HuoXin. Many people added me privately. After getting to know each other, they began to recommend contracts. The contracts can be leveraged several times, dozens of times, or even hundreds of times. I started with just a few dozen U to test the waters, and then opened 5 times, 10 times, and 20 times. Later, I gradually enjoyed the excitement and profits brought by leverage. By the end of April, I had more than doubled my 25,000 yuan capital, and made more than 30,000 yuan in spot and contract profits.
At that time, I also told my wife about making money with virtual currency. My wife also reminded me to stop when I saw the good and keep a low profile, but I was so overwhelmed that I couldn't listen at all. In addition, I looked down on my wife in my heart, thinking that she was not a computer major, didn't understand new things at all, and didn't touch them.
At that time, virtual currency was not banned in China, and many platforms such as Sina and Tik Tok were promoting that BTC would hit 100,000 dollars and DOGE would reach 1 dollar. Many animated pictures, such as Ding Hai’s classic “up, up, up” in the Big Times TV series, “doge to the moon”, etc., had a great impact on me. I believed in my heart that it was too easy to make money with virtual currency. The money I made from working hard before was not as exciting and fulfilling as this. It just verified that “If God wants to destroy someone, he will make him crazy!!” In May, the country introduced a series of policies, but I didn’t take them seriously. In the blink of an eye, it was 519, a day I will never forget.
At 12 noon, the state issued a series of virtual currency control measures, prohibiting the sale of virtual currency in mainland China. Huobi and Binance withdrew from mainland China, and then a catastrophic plunge took place. BTC dropped from $57,000 to $28,000 in a few minutes. The copycat was even "halved and returned to zero". Doge and Shib spot profits were swung back, and the principal lost 30%. The 800u contract was directly liquidated.
During this period, the spot was cleared and a short contract was opened. It looked profitable, but the order could not be closed. Huobi, Oui, and Binance collectively disconnected the network cable, and then refreshed to enter. I saw that the contract was pulled out by the pin. After seven o'clock, there was still 500u left in the account. My head was muddled. Later, I watched other coin friends chatting in the skirt and saw that they took screenshots of the liquidation, which were tens of thousands of u and hundreds of thousands of u. I was relieved instantly.
After 519, if I could have stopped in time, I would have learned a lesson. But then I became dissatisfied with spot trading and wanted to trade directly in contracts to quickly recover my investment. I started to deposit 10,000 yuan at a time, making and losing money. I found that there would be a large-scale trend direction every month, and my trading strategy would always result in small profits and big losses. I would run away when I made a little profit and hold the order when I lost money. Sometimes I could make it back, but sometimes I would be liquidated directly.
I directly charged 100,000 yuan of the 130,000 yuan year-end bonus I received at the end of 22 years, and wanted to buy the bottom with a 5x contract. I thought that I had more margin and could try it at a low multiple. However, BTC kept falling and fell slowly, and it only fell for a month without rising. I couldn't stand the pressure, so I stopped the loss and lost more than 40,000 yuan. After that, I changed the strategy and used high multiples of hundreds of U and hundreds of U. Sometimes I was still opening orders at one or two o'clock in the morning. I couldn't rest well at night and was worried about work during the day. After continuous liquidation, I lost all 100,000 yuan in 2 months. I could only confess to my wife and ask for forgiveness. I am very grateful to my wife. After understanding the situation, she just asked not to buy anymore, work hard and live well. If I lost, I lost. She has always been an understanding and considerate person.
After that, I calculated that I lost 180,000 yuan in principal in the currency circle. The currency circle is illusory. Even if there is a short-term floating profit, as long as you don't quit, you will eventually lose it.
