I met a guy who initially just played around with contracts casually, investing 1,500 yuan. In just two days, his account had 40,000 yuan.

At that time, he was extremely inflated, truly believing he was the chosen one in the crypto world, making money easier than breathing.

And then? Heavy positions, all-in bets, toughing it out, and the 40,000 yuan was back down to a few hundred. He was completely hooked, unable to turn back.

Every day, he would wake up and stare at the K-line, not caring about eating or sleeping. He would shout "Contracts are for dogs, don’t touch them," but when the market really moved, he would rush in faster than anyone.

Contracts, to put it simply, have one characteristic: speed.

Leverage of dozens of times, if you bet on the right direction, the account figures can jump so wildly that it makes your heart skip a beat. More exciting than stocks, more direct than gambling, making money wildly when it’s good, losing everything just as thoroughly when it’s bad. A 10% daily fluctuation in the stock market is considered extreme, but in the crypto world, doubling or halving in a day is common.

Once you’ve tasted that quick money, that thought takes over your mind: I can still turn it around, I definitely can.

But reality is often cruel — before you can turn things around, the principal is gone.

This is why people who play contracts find it so hard to truly get out. It’s not just greed at play, but that addictive thrill. Like a beautiful dream, the sweeter the dream, the more devastating the price at the end.