Thirteen years in the crypto space—what haven’t I seen? But every time I see a newcomer’s eyes light up wanting to play contracts, I just want to rush over and shake them awake.
It’s not jealousy that you might get rich. I’m genuinely afraid you won’t even know how you lost.
**K-line charts? That’s your résumé, not your weapon**
Learned technical indicators for a few days and think you can predict the market? Bro, you’re looking at historical records, while the big players are writing the script. What can whales do? Pull a sudden wick to trigger your stop-loss, then let the market keep moving in the original direction—your money becomes someone else’s transaction fee. The profits you made from ten wins before, is it enough to cover the loss from one “unexpected wick”?
Golden cross, death cross? The big players see you learning these and it’s like watching grade-schoolers do homework.
**Have you heard of Liangxi’s story?**
Turned a few thousand bucks into tens of millions—impressive? Now in so much debt he doesn’t dare show his face.
Think you’re smarter than him? With high leverage, a 1% move can wipe your account. Of the contract traders around me, nine out of ten follow the same script: taste a bit of success, increase their positions, then get liquidated—ending up broke or in debt, mental state completely wrecked.
What’s the worst part? A lot of people lose and still don’t know what went wrong.
**Event contracts are an even deeper pit**
Guessing up or down sounds simple? Fees + slippage can eat up 20% of your principal right off the bat. Not to mention the platform might be manipulating things—rules are opaque, data can be adjusted, and you’re betting against a dealer who can change the rules anytime.
What do you have to win with? Luck?
**You’re alone, facing an entire army**
Top exchanges spend millions of dollars every year optimizing their risk control systems, all to harvest more efficiently. Why do you, a retail trader, think you can beat their expert teams?
Those selling “guaranteed strategies” online—if they could really guarantee profits, they’d be quietly making a fortune themselves. Why would they need to make money off your tuition?
**Let’s be real**
Spot trading in crypto is already insanely profitable! Hold onto a solid coin and doubling or even 10x returns aren’t rare. That speed is unimaginable in traditional investments.
Why insist on playing a game where you can go to zero at any time?
Unless you have insider info, stay away from contracts. For every profit screenshot you see, there are thousands who’ve lost so much they’re silent—that’s called survivorship bias.
**Remember this**
A bull market can still bankrupt you. If you stay away from contracts, you’re already beating 90% of players.
If you agree, share this with your friends who are itching to try. This isn’t advice—it’s a rescue.
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Layer2Observer
· 12-08 02:53
Bro, this article is pretty interesting. Technically speaking, the mathematical model of leverage does amplify risk geometrically, but I’d like to add something—the point about survivor bias is correct, but it’s worth clarifying that the fundamental difference between spot and derivatives actually lies in the degree of information asymmetry, not just the leverage multiplier itself. What still needs further verification is whether the optimization cost of the platform’s risk control system really translates into more efficient profit-taking, or if the hedging cost after scaling up inherently reduces risk. From an engineering perspective, this logic chain feels a bit broken.
View OriginalReply0
BankruptcyArtist
· 12-07 14:19
Damn, this example from Liangxi is really something. Every time I see it, I get chills.
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Contracts are basically working for the exchanges. I advise you to take it easy.
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Spot trading is great, why do you have to gamble like that?
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Nine out of ten people get liquidated? Feels like that's an understatement; the records of people around me are even worse.
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Fees and slippage eat up at least 20% right off the bat? What's even the point of playing then?
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Those people posting screenshots, seriously, it's total survivor bias. Makes me want to laugh.
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"You can still lose everything in a bull market"—that line really hits home for me.
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Playing contracts without any insider info? You're just asking for trouble.
View OriginalReply0
SandwichTrader
· 12-07 14:09
Damn, really, I’ve heard about Liangxi’s situation too. They’re still paying off debts now, right... Contracts are basically gambling, don’t kid yourself.
View OriginalReply0
SchrodingerWallet
· 12-07 14:08
I've heard about that thing with Liangxi too, it really can break a person down. Isn't spot trading good enough? Why insist on playing with leverage?
View OriginalReply0
WalletDivorcer
· 12-07 13:54
Seriously, with thirteen years of experience, you should listen to this. I've seen too many people lose everything with contracts. Isn't spot trading much better?
#比特币对比代币化黄金 $eth $sol $ldo $op
Thirteen years in the crypto space—what haven’t I seen? But every time I see a newcomer’s eyes light up wanting to play contracts, I just want to rush over and shake them awake.
It’s not jealousy that you might get rich. I’m genuinely afraid you won’t even know how you lost.
**K-line charts? That’s your résumé, not your weapon**
Learned technical indicators for a few days and think you can predict the market? Bro, you’re looking at historical records, while the big players are writing the script. What can whales do? Pull a sudden wick to trigger your stop-loss, then let the market keep moving in the original direction—your money becomes someone else’s transaction fee. The profits you made from ten wins before, is it enough to cover the loss from one “unexpected wick”?
Golden cross, death cross? The big players see you learning these and it’s like watching grade-schoolers do homework.
**Have you heard of Liangxi’s story?**
Turned a few thousand bucks into tens of millions—impressive? Now in so much debt he doesn’t dare show his face.
Think you’re smarter than him? With high leverage, a 1% move can wipe your account. Of the contract traders around me, nine out of ten follow the same script: taste a bit of success, increase their positions, then get liquidated—ending up broke or in debt, mental state completely wrecked.
What’s the worst part? A lot of people lose and still don’t know what went wrong.
**Event contracts are an even deeper pit**
Guessing up or down sounds simple? Fees + slippage can eat up 20% of your principal right off the bat. Not to mention the platform might be manipulating things—rules are opaque, data can be adjusted, and you’re betting against a dealer who can change the rules anytime.
What do you have to win with? Luck?
**You’re alone, facing an entire army**
Top exchanges spend millions of dollars every year optimizing their risk control systems, all to harvest more efficiently. Why do you, a retail trader, think you can beat their expert teams?
Those selling “guaranteed strategies” online—if they could really guarantee profits, they’d be quietly making a fortune themselves. Why would they need to make money off your tuition?
**Let’s be real**
Spot trading in crypto is already insanely profitable! Hold onto a solid coin and doubling or even 10x returns aren’t rare. That speed is unimaginable in traditional investments.
Why insist on playing a game where you can go to zero at any time?
Unless you have insider info, stay away from contracts. For every profit screenshot you see, there are thousands who’ve lost so much they’re silent—that’s called survivorship bias.
**Remember this**
A bull market can still bankrupt you. If you stay away from contracts, you’re already beating 90% of players.
If you agree, share this with your friends who are itching to try. This isn’t advice—it’s a rescue.