In the cryptocurrency world, tragedies where contract liquidations lead to total ruin, and even some individuals resorting to extreme measures, frequently occur. Yet, a large number of people continue to rush in, driven by multiple temptations.

From the perspective of profit speed, compared to the hard work that results in a monthly salary of only 10,000, cryptocurrency contracts can be seen as a shortcut to substantial profits. If one invests 10,000 as capital to open a 100x leveraged contract, a mere 1% upward movement in the market can yield an instant profit of 10,000, making the profit efficiency of contract trading far surpass months of labor; such a profitable efficiency is truly enticing.

The player base is mainly divided into two categories: first, the seasoned players with ample funds, who open small positions with little capital, calmly and confidently like stockpiling spot assets, unafraid of fluctuations; second, the speculators with limited funds, who attempt to leverage their way to riches overnight, driven by dreams of sudden wealth, betting everything they have.

The craziness of the cryptocurrency market is beyond imagination; during extreme moments, the speed of price changes is calculated in seconds, with fluctuations of 1 - 2% per second being commonplace. When luck is on their side, one can 'earn' a month's salary in just one second. Some smaller capital markets are even more exaggerated, easily pulling up dozens of percentage points in a minute, and even mainstream currencies like Bitcoin can experience a drop of 3 - 4 points in just one minute.

The compounding effect adds fuel to the fire for cryptocurrency contracts, growing from 10,000 to 20,000, and then from 20,000 to 40,000, with profits increasing geometrically, while wealth appreciation is like a rocket launch. With the same 1% market fluctuation, trading with 100,000 in spot transactions only earns 1,000, while trading contracts with 10x leverage can yield 100,000, making the profit disparity astonishing.

Moreover, some individuals become overly confident, believing that precise position control and skilled setting of take-profit and stop-loss can help them navigate cryptocurrency contracts and steadily reap benefits. However, the reality is harsh; cryptocurrency contracts are essentially a high-risk swamp, and the so-called 'risk-free' strategies are often illusory. With just a slight misstep, one can fall deep into it, losing all their capital.

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