I know someone named Afan who once turned 1,500 yuan into 40,000 yuan in the crypto market. Sounds exciting, right? But the story took a quick turn—he didn't buy a car, but instead fell into a self-created dead loop.
Greed is the devil. The idea of "doubling again and then buying a car" led him to leverage, hold positions, and bet on rebounds. The result? Breaking even, margin calls, breaking even again, and margin calls again. The most desperate part? He didn't even have enough to pay for his mother's surgery.
This is the most common tragedy in the crypto market—not because the market is brutal, but because people are too greedy. Those claims of "doubling in a minute"? Don’t believe them. They are traps, designed specifically for impatient people.
Leverage trading is not investment; it's gambling. You mistake luck for skill, and temporary paper profits for real ability. The result? Anxiety, insomnia, constantly chasing trades, losing more and more, and a vicious cycle begins.
If you want to change the situation, these points are crucial:
**First, abandon the idea of quickly recouping losses.** Admit losses and pay tuition to learn. Market opportunities come one after another, but if your principal is gone, there’s no chance. Learn to cut losses; that’s the capital for turning things around.
**Second, divide your funds into three parts.** Put the main portion into stable financial products or fixed deposits to safeguard your basic living needs; allocate a medium part to mainstream assets and index funds to share in market growth; keep a small portion as "test money" to feel the market rhythm with small positions. High leverage? Absolutely avoid it.
**Third, don’t watch the market every day.** Delete trading apps, leave trading groups. Use that time for exercise, self-education, or side jobs. When you focus on self-improvement, market fluctuations won’t disturb you at all.
The story that followed was this: Afan reduced his 50x leverage to 0.5x, his savings returned to six figures, and life became stable again. His story illustrates a simple truth—true wealth isn’t about who is fastest, but who is steadier.
The cruelest thing about the market is using the illusion of overnight riches to make people live like they’re serving a life sentence. Only by walking steadily can you go far.
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0xSunnyDay
· 01-07 09:17
Avanna's story is really incredible; turning 40,000 into 0 must feel so painful.
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Leverage is like poison; it's the kind you can't quit.
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Honestly, the shift from 50x to 0.5x leverage—how much loss must one endure to realize?
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Principal is life; only by protecting it can there be a chance to turn things around.
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Staring at the market every day really can drive you crazy. I'm also trying to quit this habit now.
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Greed truly is the devil; every time it's "just a little more," and then it's gone.
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Earning steadily is much more realistic than overnight riches.
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ContractTearjerker
· 01-06 10:45
Avan, I've heard this story too many times, but the key is knowing not to do it.
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Leverage is truly poison. I've seen too many people die on 50x leverage.
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You're right, but people still add leverage. Human nature is like that.
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It would have been great if this article had appeared three years ago, it would have saved so many people.
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Talking about stop-loss is easy, but actually doing it is damn impossible.
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0.5x leverage? That's better off with dollar-cost averaging.
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The most heartbreaking thing is the phrase "living life like an indefinite prison sentence." That's exactly where I am now.
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I've heard this theory of dividing into three parts a hundred times, but I still want to take a gamble.
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After reading this, I think I should leave the group, hahaha.
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If Avan can finally stabilize, that's considered a win. Most people simply can't turn back.
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CommunityJanitor
· 01-05 20:33
Really, leverage is poison; 50x is playing with fire.
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MetaMuskRat
· 01-04 14:23
Avan, this guy just couldn't control himself. Greed really can ruin a person.
Leverage is the devil's invitation; anyone who touches it is doomed.
Reducing 50x to 0.5x is true enlightenment, but unfortunately, too many people can't realize this.
Staring at the market for too long makes people go crazy—that's no lie.
The dream of getting rich overnight is even scarier than a margin call.
Making steady profits is the way to go, but no one seems to listen.
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BearHugger
· 01-04 12:57
Leverage really is poison; I've seen too many people go back to square one overnight.
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DefiEngineerJack
· 01-04 12:54
leverage is just gambling with extra steps, ngl. the whole "50x to lambo" pipeline is literally just selection bias + survivorship cope... you don't hear from the 99% who got liquidated lmao
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ETH_Maxi_Taxi
· 01-04 12:44
Leverage really gets you hooked once you start using it. I've seen too many people go from a few thousand yuan to hundreds of thousands, then lose it all and even go into debt. Afan's story is so true; greed really is the devil.
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DegenDreamer
· 01-04 12:41
To be honest, I've seen this story of Avan around me too, it was over the moment greed took over.
I know someone named Afan who once turned 1,500 yuan into 40,000 yuan in the crypto market. Sounds exciting, right? But the story took a quick turn—he didn't buy a car, but instead fell into a self-created dead loop.
Greed is the devil. The idea of "doubling again and then buying a car" led him to leverage, hold positions, and bet on rebounds. The result? Breaking even, margin calls, breaking even again, and margin calls again. The most desperate part? He didn't even have enough to pay for his mother's surgery.
This is the most common tragedy in the crypto market—not because the market is brutal, but because people are too greedy. Those claims of "doubling in a minute"? Don’t believe them. They are traps, designed specifically for impatient people.
Leverage trading is not investment; it's gambling. You mistake luck for skill, and temporary paper profits for real ability. The result? Anxiety, insomnia, constantly chasing trades, losing more and more, and a vicious cycle begins.
If you want to change the situation, these points are crucial:
**First, abandon the idea of quickly recouping losses.** Admit losses and pay tuition to learn. Market opportunities come one after another, but if your principal is gone, there’s no chance. Learn to cut losses; that’s the capital for turning things around.
**Second, divide your funds into three parts.** Put the main portion into stable financial products or fixed deposits to safeguard your basic living needs; allocate a medium part to mainstream assets and index funds to share in market growth; keep a small portion as "test money" to feel the market rhythm with small positions. High leverage? Absolutely avoid it.
**Third, don’t watch the market every day.** Delete trading apps, leave trading groups. Use that time for exercise, self-education, or side jobs. When you focus on self-improvement, market fluctuations won’t disturb you at all.
The story that followed was this: Afan reduced his 50x leverage to 0.5x, his savings returned to six figures, and life became stable again. His story illustrates a simple truth—true wealth isn’t about who is fastest, but who is steadier.
The cruelest thing about the market is using the illusion of overnight riches to make people live like they’re serving a life sentence. Only by walking steadily can you go far.