You have 10,000 yuan, and you borrow 90,000 yuan from the exchange to make it 100,000 yuan. This is 10 times leverage.

There is a risk in the exchange lending you money, so they set a liquidation price for you.

You use this 100,000 yuan to buy Bitcoin. If Bitcoin drops by 10%, you will lose 10,000 yuan at this moment.

The exchange cannot possibly lose money on its own. It will just sell your 10,000 yuan and turn it into U, and take back your assets.

Your ten thousand is gone and your position is liquidated.

If you think the market will fall, you borrow another 10,000 yuan from an online loan. After you deposit the 10,000 yuan into the exchange, you borrow another 90,000 yuan worth of bitcoin from the exchange.

You directly sold Bitcoin and now you have a total of 100,000 U with your own money. At this time, Bitcoin started to rise by 10%.

But you borrowed the bitcoins from the exchange. The 100,000 yuan in your hand cannot buy back the bitcoins that have already exceeded 100,000 yuan, so the exchange can only use your margin of 10,000 U to buy bitcoins, which they directly take back. In this way, your 10,000 yuan position is liquidated again.

At this point, you might blame your bad luck, so you start calling friends for help and borrow another 10,000 yuan.

At this time, you are thinking about opening a 5x leverage, but after 3 days, your account is liquidated again.

There is only one electric bike left, and you have no choice but to get on it to deliver the takeaway, but because you don’t have a helmet, you can’t afford to buy one.

You can only borrow another 200 yuan from Huabei to buy a helmet. So far, you have joined the army of food delivery.

You grit your teeth in the cold wind, vowing to win back everything you lost.

Every extra takeaway you get will give you an extra 5 yuan in your wallet. You just keep saving money.

After a year of hard work, you finally spent 100,000 yuan. In order to make a desperate move, you sold your electric bike and sold the helmet to your colleague for 10 yuan.

This time you used 100,000 yuan and 10 times leverage, and you were extremely cautious. After 3 months of hard work, you finally went bankrupt.

You feel hopeless inside, you will never be able to buy back your electric car, you have nothing.

You become a courier who works in wind and rain, going to work at 7 am every day and leaving get off work at 10 pm.

You see people around you buying houses and getting married, and you believe that you could have lived a simple and peaceful life like this.

But the contract puts you in a hopeless situation. At this time, you are already 28 years old. You don’t have a girlfriend or a stable job.

Your heart is restless because of the contract, and you can't sleep at night when you think about the liquidation.

You silently finished a cigarette in the box, sat in the rental house, and calmly asked yourself: Do I still have a chance?

You make up your mind to start with takeout again.

You will study the book Trading for a Living hard, read it whenever you have free time, read it at night and in the morning, copy what you read and transcribe.

You have integrated it.

You raised money and took a final gamble, but finally, late one night, the exchange pulled the plug and you still ended up blowing your account.

All you have left is a cell phone and a few hundred yuan. You can't even pay the rent for next month.

When you enter the square and read this article, I feel like I am seeing it myself.

Finally you made up your mind to burn the book of trade.

Work hard and start hoarding coins.