Account change: 242000U → 92000U, a seemingly ordinary number, but it carries a brutal lesson of 150000U.



That $150,000 contract liquidation made me realize what it means to "hit a major artery." The crazy margin increases during the anti-position phase only resulted in watching it disappear from the market. The more than $70,000 withdrawn has long been almost gone, and over 1 million RMB is gone just like that.

A question puzzled me for a long time: why insist on battling with contract altcoins? Knowing full well that these kinds of assets have an extremely high risk factor, yet still gambling with leverage. Now, the account has gone from six digits to five digits, and the time for reflection seems to have come too late.

This cost has taught me: contracts are not money copying machines, and altcoins are not doubling tools. Perhaps I should spend time thinking about how to prudently treat the remaining 92000U.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
0xOverleveragedvip
· 3h ago
Oops, leveraged altcoins, a classic combo skill. Pity about that 150,000 dollars, but this tutorial video is indeed valuable.
View OriginalReply0
just_vibin_onchainvip
· 3h ago
$150,000 just lost like that, still thinking about stability? Bro, this move is a bit outrageous.
View OriginalReply0
GasFeeTearsvip
· 3h ago
Bro, this really is a textbook example of a cautionary tale. Leveraged altcoins are just gambling with your life. Losing 150,000 yuan and still able to reflect shows a decent mindset; many people have already lost their composure. The key is whether next time they can truly control their hands and stop touching such things. Adding margin is really a killer move. Knowing the risks are high, yet daring to add more—this is what you call a gambler's mentality. The remaining 90,000 yuan must be carefully protected. Don't think about quick recovery anymore; that's a one-way street to ruin.
View OriginalReply0
ChainComedianvip
· 3h ago
The stance is indeed clear, but this tuition fee is a bit expensive... Contract altcoins are really a trap, once leverage is added, there's no hope.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)