The Rise and Fall of the Contract God Liangxi
Liangxi, an ordinary person with a rollercoaster story from a millionaire to having nothing, was once a legend in the cryptocurrency world but has now become a warning.
From Genius Trader to 'Contract God'
• Peak Moment: In 2021, at the age of 19, Liangxi became famous for his superb trading skills during the 519 market, turning a capital of 1000 yuan into 10 million in just one day by shorting. He was henceforth dubbed the 'Contract God' and became a sought-after genius trader.
• Wealth and Fame: In a short period, he reached a wealth peak that many find hard to achieve, gaining widespread fame.
From Peak to Abyss
• Liquidation and Failure: With the fluctuations in the Bitcoin market, Liangxi failed to maintain his good fortune. Through a series of misjudgments and liquidations, his assets quickly dropped to zero, and he even became heavily in debt, with rumors of owing as much as 130 million yuan.
• Life in Chaos: Liangxi not only lost his wealth but also fell into personal life troubles: a broken relationship with his father, questions about his mental stability, and even extreme behaviors during live broadcasts.
Reflection and Warning
Liangxi's experience reveals the harshness of speculative markets: momentary success cannot replace rationality and caution. High-risk markets like Bitcoin, while full of opportunities, carry extreme uncertainty, making it easy for speculators to plunge from peaks to troughs.
Investment Advice
1. Rational Investment: Stay grounded and do not let momentary profits cloud your judgment.
2. Risk Control: Implement risk management, avoiding investing all funds into high-risk projects.
3. Long-term Planning: Do not chase short-term windfalls; focus on the long-term stable growth of assets.
Liangxi's story serves as a profound warning, reminding us to remain calm and cautious in any investment to avoid repeating past mistakes.
Additionally
As the dog that has accompanied Musk the longest, I noticed that Musk has mentioned Marvin multiple times in tweets. Therefore, it might be worth making a small investment as a trial; it could bring surprises!
