Stories of gamblers investing in the currency circle
In the past few days, the media in various currency circles are still discussing the market crash on August 1 and the situation of the entire network liquidation, and more liquidation stories have been exposed.
An example that impressed me deeply is an investor who entered the market with a principal of 1,000 yuan in 2018.
His start was quite smooth, just like many newcomers who just entered the industry because of luck, in just half a month, he used leverage to turn the principal of 1,000 yuan and the additional principal of 3,000 yuan into a total of 4,000 yuan into 100,000 yuan.
Just when his confidence was bursting, the market hit him hard for the first time. All the money he earned was lost, even the principal was lost, and he owed an online loan of 30,000 yuan.
But after that, his good luck seemed to come again, he made money for 3 consecutive months, healed his scars and forgot the pain, and his emotions became high again. As a result, the market hit him mercilessly again, and he broke his position again. This time, he owed 400,000.
Not reconciled, he took the money from his family to stud again, but he lost again and owed 80,000 again.
After recovering his emotions and dormant for two months, he asked his family for another 30,000 yuan. This time he encountered a lucky fortune again and earned 200,000 yuan. Until the sharp drop on August 1, the 200,000 was cleared again within 5 seconds.
Counting from 2018, for two full years, not only lost all the principal, but also involved his family members to help him repay the debt after each liquidation. Not counting the principal invested, the debt repayment alone cost more than 500,000.
This is a standard gambler model, and it is actually the epitome of many contract leverage players. In the process, no matter how emotionally charged he has been, no matter how amazing returns he has earned, in the end it was nothing.
This crazy gambler model not only dragged himself into the quagmire, but also tortured his family members. This is destined not to be an investment method that ordinary investors should emulate. Because this kind of high risk is simply not acceptable to the majority of investors.
The 500,000 that this investor spent on debt repayment in the past two years exceeded the two-year wages of many ordinary salaries or middle-class workers. An ordinary investor with this kind of money cannot afford to lose money.
For the vast majority of investors, once using leverage, even if the initial principal is not large, under the influence of anxiety, he will definitely embark on the road of no return to borrowing, liquidation, re-borrowing, and liquidation again. In the end, the money lost will definitely exceed one's ability to bear, and one will either be charged for not being able to repay the debt, or one's family members will suffer together. Therefore, contracts and leverage are simply not suitable for the vast majority of investors.
If the investor repays the 500,000 in debt, if he invests in Bitcoin and Ethereum every month from 2018, he will have at least 2-3 times the increase until now, although it cannot compare with the return of ten times coins and hundred times coins , but it has already killed most of the investment products on the market. More importantly, stay away from high-risk activities such as contract leverage, and you will live a more comfortable and calm life, and will not be affected by market fluctuations all the time and affect your life.
We can't predict short-term market fluctuations at all. What we can do is to use time to smooth out short-term market fluctuations, firmly grasp the overall market trend, and rely on trends to seize opportunities within our ability. This is fixed betting.
The price of Ethereum is US$390, which is only one step away from US$400, and the time window for our scheduled investment is only the last period left. I hope you can grasp it.
