The biggest taboo in the cryptocurrency circle is borrowing money to speculate in cryptocurrency. Once you start borrowing money to speculate in cryptocurrency, the tragedy of your life will also begin.

Lao Zhong has been in the circle for ten years and has seen too many tragic stories of people borrowing money to speculate in cryptocurrencies. Every time I encounter such a problem, I advise everyone not to borrow money to speculate in cryptocurrencies.

Of course, the poster not only borrowed money to trade in cryptocurrencies, but also did contracts. You broke all the taboos in the cryptocurrency circle. It is really unjust that you didn't lose money.

As a student, you cannot earn money by yourself and your task is to study, but you choose to enter the cryptocurrency circle. You should know that this circle is a zero-sum game circle. If you have the ability, you can earn money from other people's pockets. If you don't have the ability, you can take the money in your pocket and give it to others.

I seriously advise college students not to enter the cryptocurrency world.

The water here is too deep. You are inexperienced and have no idea how dangerous it is. It is best to find a reliable person to slowly understand the situation before entering.

First, let’s talk about borrowing money to trade cryptocurrencies:

Borrowing money to speculate in cryptocurrencies During Lao Zhong’s ten-year career in the cryptocurrency circle, he has personally encountered no less than 300 examples of people borrowing money to speculate in cryptocurrencies. Only one person borrowed 200,000 yuan and made 100,000 yuan, while the other 299 people all suffered losses. Some even fell into a vicious cycle of borrowing, and their wives and children were separated and their lives were ruined.

In fact, it is easy to understand the mentality of a newbie who borrows money to trade in cryptocurrencies. It’s nothing more than that they only have a few thousand dollars, and after they get in, they either make some money or lose some money.

Those who have made money want to make more and need to increase their capital, so they choose to borrow;

If you want to make up for your losses, you can borrow money if you don’t have money. You can easily borrow money everywhere.

Especially when I see that the interest for borrowing 10,000 yuan is only 5 yuan a day, it seems so cheap. I can earn a few points in the cryptocurrency circle, which is hundreds or thousands of yuan. This is completely affordable.

However, if you borrow money to trade cryptocurrencies, you can only accept rising market conditions. Once the market falls, you will fall into the abyss in an instant.

When the price starts to fall, you are very unwilling to accept it, thinking that it will surely go up later. But it keeps falling, until you lose everything.

Life suddenly fell into darkness.

Borrowing money to trade in cryptocurrencies is a big taboo in the cryptocurrency circle. I hope that friends who read this article will not borrow money.

Being in debt is one of the biggest tragedies in life!

Next, let’s talk about the second biggest taboo in the cryptocurrency world: contracts.

A contract is more poisonous than a venomous snake. This is what Lao Zhong wants to say to everyone from the bottom of his heart. Don’t ever believe anyone’s words about how contracts can bring you financial freedom.

They are just like people who are addicted to drugs and gambling, and are deeply trapped in them and unable to extricate themselves. They really believe from the bottom of their hearts that they can make money by doing contracts, but in fact they are deceiving themselves, and then they believe it. So you should not believe it anymore.

In fact, contract trading is a dead end from the beginning. What if you win 100 times? If you lose once, you will go bankrupt.

The market makers are not afraid of these retail investors making money by doing contracts, they are just afraid that you will not come. As long as you come, they will slaughter you.

As everyone knows, there is a big V on Weibo named Liang Xi who operates real-time contracts every day. It is so thrilling. From financial freedom to being in debt of tens of millions, he is still so calm.

Lao Zhong believes that everyone should be rational and just enjoy the show. Don’t take it too seriously, or you will lose.

Lao Zhong believes that he is just an IP launched by the dealer, which is equivalent to brand advertising for the contract, allowing more people to enter the door of the contract for the illusory dream of wealth.

Some people may think that losing a contract is just bad luck. In fact, it is not that you are unlucky, but that the contract is not a fair game at all.

Let’s put it this way, putting our assets in an exchange is equivalent to putting our own coins in the hands of others, and the exchange can use these coins to dump or pull up the market.

This is why the market always likes to take advantage of you. They use your coins to make you liquidate your account, while they make a fortune themselves.

This is a very cruel thing, but it is also true.

Therefore, when you trade a contract, the final outcome is bound to be a margin call.

A contract is more poisonous than a venomous snake, so be careful!

Finally, let’s talk about the poster. He only borrowed 20,000 yuan, which is indeed too much for a student, but on the other hand, you should also be glad that you bought this lesson with 20,000 yuan.

Although there is no sign of regret in your words, you are indeed lucky.

You followed a teacher to make a contract. This happens too often in the cryptocurrency circle.

There are many self-media practitioners like this in the cryptocurrency circle, and more people will deliberately make themselves the God of Contracts.

They claim that their contract accuracy rate is over 90%, and they post screenshots on their WeChat Moments. Gradually, you get hooked. Looking at such tempting returns, the tens of thousands of yuan entry fee feels worth it, so you grit your teeth and rush in.

Then follow the team leader to do the contract. Of course there will be losses and gains in the process, but the ending will definitely be a margin call.

There is no so-called contract god in this market. Lao Zhong has been in the circle for ten years and has come into contact with many big Vs, who actually rely on guessing.

You said that you studied for 5 months and have your own trading methodology. I think this is even more outrageous.

The cryptocurrency market is experiencing ups and downs, and I have never seen any methodology that can work. You are just deceiving yourself.

You have only 1,000 yuan left and you're still thinking about making a comeback. You haven't realized it yet, which is quite pitiful in my opinion.

I hope you will have a good time in the cryptocurrency circle. 20,000 yuan is very stressful for a student, and students are prone to have wild thoughts. I hope you can tell your parents as soon as possible that 20,000 yuan is not a lot, so don't cause any trouble.