#BabyMarvin合约址f9c7 shares a real tragedy from the cryptocurrency world;
In the 2021 bull market in the cryptocurrency space, I had a brother who started using over 700,000 of his own funds and made over 5 million. At that time, whatever coin he bought would surge, and he felt he didn't have enough capital to invest. Later, he opened a futures account, and after learning about futures trading, he was overjoyed with his profits.
One day, he asked me if I knew of any promising coins, saying that smaller coins were inconvenient for him to invest in. I was suddenly very shocked. I asked him: Where did you get so much money? He said: Financing, five times leverage, with a monthly interest of 2%, and they also deduct one month's interest in advance.
I told him that this way, his funds were not safe, and he told me it was introduced by acquaintances through securities channels, very safe. At that time, I had already turned bearish on Bitcoin and warned him for three consecutive days to clear his futures account. I analyzed that the market would return to the starting point after the first half of the year, and he would face liquidation. He simply didn't believe that a black swan event could occur.
At that time, according to what I said, it was less than ten days before May 19. On May 12, Musk announced that he would suspend the purchase of cars with Bitcoin, and just over a week later, Bitcoin plummeted by 34% that day, while Dogecoin and Shitcoin dropped by 56% and 64%, respectively. After that, I never saw him talk to me about cryptocurrency again. Later, another friend told me he had been liquidated, losing over 18 million.
On the night of the liquidation, he cried and made a scene, seeking death and despair. His wife comforted him all night, afraid something bad would happen.
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