After I lost about twenty thousand dollars on the contract, I came to a conclusion: from now on, I’ll just buy spot and behave myself.
But now the spot is still losing money too.
Recently, when I looked back, I wondered—was my summary back then a little too convenient?
It was my first time touching crypto, and it was earlier than I remembered. Later I checked my account and found out I’d registered back in 2021. I invested 100 yuan, lost 30 yuan, and quickly ran.
After finishing my undergrad and preparing for the graduate entrance exam, I went back into it.
That time PEPE and FLOKI were really hot. Seven hundred yuan—about 100 USDT—once turned into six thousand.
Later, when $BTC pulled back from around seventy thousand dollars, that was the first time I got liquidated.
At the time, I was genuinely scared. But even so, after that I still topped up another two thousand, and it was gone.
During that undergrad period, I lost around six thousand yuan in total.
That money was earned through scholarships. Damn. When I think about it, I still feel heartache.
Back then I thought there was absolutely no way I could touch this stuff again.
Afterward, during first year of grad school, when I had nothing to do, I went back.
Later there was also a BTC short position—opened at eighty-nine thousand—held all the way to one hundred thousand, and in the end I couldn’t take it anymore and cut it.
From my fourth year to grad school, I lost about twenty thousand dollars on contracts overall.
So I summarized it for myself again: contracts don’t suit me—buy spot instead.
Then I started putting more money into altcoins.
Looking back now, this shift is kind of strange. I lost money because of trading, and then the next thing I did was put even more money into another place.
$VIRTUAL —I bought it, sold it, then after it dropped I kept catching the dip, and then it kept falling. Now the spot is still in the red.
I realized that before I bought, what I was thinking was “spot—hold it long term.” After I bought, what I thought was “why isn’t it going up yet.”
Before buying, I was rushing to get in. After buying, I was rushing for it to rise. And when it dropped, I started to纠结 about whether to keep holding or admit the loss and leave.
The contracts later stopped.
But honestly, sometimes the thought still pops up: “What if I try again with a small position?” So I don’t want to write this as some “I’ve completely woken up” kind of experience sharing.
I still haven’t gotten back to even, and I haven’t fixed this problem.
It’s just that, after writing this much, I have to admit something:
I thought that switching to spot would make me more patient. Turns out the things I bought changed, but the urgency to make money didn’t.
But now the spot is still losing money too.
Recently, when I looked back, I wondered—was my summary back then a little too convenient?
It was my first time touching crypto, and it was earlier than I remembered. Later I checked my account and found out I’d registered back in 2021. I invested 100 yuan, lost 30 yuan, and quickly ran.
After finishing my undergrad and preparing for the graduate entrance exam, I went back into it.
That time PEPE and FLOKI were really hot. Seven hundred yuan—about 100 USDT—once turned into six thousand.
Later, when $BTC pulled back from around seventy thousand dollars, that was the first time I got liquidated.
At the time, I was genuinely scared. But even so, after that I still topped up another two thousand, and it was gone.
During that undergrad period, I lost around six thousand yuan in total.
That money was earned through scholarships. Damn. When I think about it, I still feel heartache.
Back then I thought there was absolutely no way I could touch this stuff again.
Afterward, during first year of grad school, when I had nothing to do, I went back.
Later there was also a BTC short position—opened at eighty-nine thousand—held all the way to one hundred thousand, and in the end I couldn’t take it anymore and cut it.
From my fourth year to grad school, I lost about twenty thousand dollars on contracts overall.
So I summarized it for myself again: contracts don’t suit me—buy spot instead.
Then I started putting more money into altcoins.
Looking back now, this shift is kind of strange. I lost money because of trading, and then the next thing I did was put even more money into another place.
$VIRTUAL —I bought it, sold it, then after it dropped I kept catching the dip, and then it kept falling. Now the spot is still in the red.
I realized that before I bought, what I was thinking was “spot—hold it long term.” After I bought, what I thought was “why isn’t it going up yet.”
Before buying, I was rushing to get in. After buying, I was rushing for it to rise. And when it dropped, I started to纠结 about whether to keep holding or admit the loss and leave.
The contracts later stopped.
But honestly, sometimes the thought still pops up: “What if I try again with a small position?” So I don’t want to write this as some “I’ve completely woken up” kind of experience sharing.
I still haven’t gotten back to even, and I haven’t fixed this problem.
It’s just that, after writing this much, I have to admit something:
I thought that switching to spot would make me more patient. Turns out the things I bought changed, but the urgency to make money didn’t.