Share a real tragedy in the cryptocurrency circle;
During the bull market in the cryptocurrency circle in 2021, a brother of mine started to use his own funds of more than 700,000 yuan and made more than 5 million yuan. At that time, whatever coin he bought, whatever coin would rise sharply, and he felt that he did not have enough funds to buy. Later, he opened a contract account, and after learning the contract, he was very happy.
One day he asked me if there were any coins I was optimistic about, and said that it was inconvenient for her to put her funds in if the coin was too small. I was suddenly shocked. I said: Where did you get so much money? He said: Financing, five times leverage, interest rate of 2% per month, and one month's interest will be deducted in advance.
I asked if your funds were safe to do this, and he told me that it was introduced by an acquaintance through the securities channel, and it was very safe. I was already short on the big cake at the time, and reminded him for three consecutive days to clear his contract account. I analyzed with him that the market in the first half of the year would return to the starting point at the end, and he would blow up his position. He didn't believe that a black swan would appear at all.
At that time, according to me, it was less than ten days away from 519. On 512, Musk announced that he would stop using Bitcoin to buy cars. It was more than a week later. Bitcoin fell by 34% that day, and Dogecoin and Shitcoin fell by 56% and 64% respectively. After that, I never saw him talk to me about the cryptocurrency circle again. Later, another friend told me that he lost more than 18 million yuan in a liquidation.
On the night of the liquidation, he cried and made a fuss, trying to commit suicide. His wife hugged him and comforted him all night, fearing that something unexpected would happen.
