College students gambled in the cryptocurrency circle, their dreams of becoming rich overnight were shattered, and they were left with huge debts
A college student born in the 2000s accidentally entered the cryptocurrency circle and became addicted to contracts.
In just three months, it soared from 1000u to 60,000u, but was liquidated due to greed.
Overnight, he lost everything, was in huge debt, was unable to graduate, and his life fell into despair!
The temptation of high interest rates, the encouragement of friends, and the fantasy of getting rich overnight made him fall step by step into the abyss of the cryptocurrency world.
The aura of a novice allowed him to easily double his money in just two months, but his inflated mentality made him ignore the risks and operate with a full position, which ultimately led to irreparable bitter consequences.
Here is his story:
Starting with 1000u, use Yubibao financial management, recommended by a friend, and get your first taste of success.
Driven by greed, leverage was fully utilized, altcoins were shorted, and the dream of getting rich overnight began to sprout.
Be addicted to trading, study technical indicators, join contract groups, listen to orders, and operate crazily.
Resisting orders, increasing positions, not setting stop losses, protected by the halo of novices, with a winning rate of up to 90%, the inflated mentality began to swell.
My friend’s position was liquidated, so I bought the bottom and shorted it. It doubled in a week and I had 60,000 U in my hand. Greed reared its head again.
The target is 100,000 U, go long with full position, resist orders, increase positions, and eventually get liquidated, and return to the time before liberation in an instant.
He sold his cell phone and computer, borrowed more money, and made a desperate attempt to save everything. Eventually, he had nothing left and was left with huge debts, putting his life in despair.
When I took the final exams in college, as the test papers were handed out one after another, my mind went blank. I basically failed all the ones I was supposed to fail, which resulted in me being unable to graduate.
His story gives us the following profound warning:
1. Investment involves risks. Be cautious when entering the market and do not blindly follow the trend.
2. For contracts, high leverage operations are absolutely not advisable.
3. Establish a correct view of wealth, resist greed, act within one’s means, and avoid the vicious cycle of chasing rising and falling prices.
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