At three in the morning, my fingers were trembling
Old Chen stared at his phone screen, his eyes bloodshot. At 3:17 a.m., DGB’s price suddenly began climbing from 0.00337. He watched the candlesticks shoot up one after another, his heart pounding like it was about to burst out of his chest.
Three months earlier, he’d seen someone recommend DGB in a WeChat group, saying the coin was severely undervalued, with a market cap of only tens of millions of dollars, and that if it ever took off, it would easily go up tenfold. At the time, DGB was priced at 0.008. Old Chen thought that was too expensive and hesitated for two days without buying. Later, when DGB fell to 0.005, he thought it would drop further. Then it fell to 0.003, and he lost interest completely.
But tonight, DGB was going crazy.
Old Chen opened Binance and watched the live price jump from 0.0035 to 0.0038, then to 0.0040. His hands began to tremble. The group chat had erupted, with everyone shouting, “Let’s go!” and “Target: 0.01!” His mind went blank. He could think of only one thing: he couldn’t miss out again.
At 0.0041, he tapped Buy.
One hundred thousand yuan. All in.
The moment he bought, he felt as if he’d wagered everything. The price kept rising. At 0.0042, his account was showing a profit of 2,000 yuan. He was so excited he almost shouted. He quickly took a screenshot and posted it to Moments with the caption, “The power of conviction.”
Then the price began to fall.
0.0040, 0.0039, 0.0038. His unrealized gains instantly turned into unrealized losses. The mood in the group chat shifted too. People who had just been shouting “Let’s go!” started saying, “Take profits” and “Watch out for a pullback.” Old Chen stared fixedly at the screen, unwilling to sell. He told himself it was just a pullback, and the price would rise again.
0.0037, 0.0036, 0.0035.
His 100,000 yuan was down to just 85,000. His finger hovered over the Sell button for a long time, but in the end, he couldn’t bring himself to press it. He turned off his phone and forced himself to sleep.
When he woke up the next morning, DGB was priced at 0.00387. His account was showing less than 3,000 yuan in unrealized gains. After fees, he’d barely made anything.
Old Chen lay in bed, staring at the ceiling, replaying the previous night over and over in his mind. If he’d bought at 0.008 three months ago, he’d still be at a loss now, but at least he wouldn’t be in such a helpless position. If he’d bought at 0.003, he’d be up threefold today. But instead, he’d chased the price at its peak.
He opened his phone and saw someone in the group sharing their trades: they’d bought at 0.0034 and sold at 0.0042, making a 23% profit. That person had invested only 10,000 yuan and made 2,300.
Old Chen did the math. He’d invested 100,000 yuan and hadn’t even made 3,000.
He gave a wry smile and tossed his phone aside. That’s how crypto goes: the more impatient you are, the more it torments you. The more afraid you are of missing out, the more likely you are to get stuck at the top.
Old Chen learned his lesson after that. He made himself a rule: whenever he liked a coin, he’d start by buying 1,000 yuan’s worth to test the waters. If it went up, he’d add to his position; if it fell, it wouldn’t hurt so much. He said the most expensive thing in crypto wasn’t money—it was the lessons you learned.
And he’d never forget those trembling fingers at three in the morning.
#DGB #合约爆仓 #CryptoStories