2026-01-01 14:20:15

The WeChat video call at 2 a.m. changed a friend's entire life trajectory. On the other end of the screen, his face was pale, and his voice was trembling: "It's all gone, 100,000 yuan just disappeared like that." He used 10x leverage to go all-in on a position, didn't even set a stop-loss, just waiting for the market to send money. As a result, a sudden fluctuation wiped out his account.

I also recall my early days in the trading world. Following the trend and chasing high, pouring all my funds into a popular coin, still thinking about that money when the screen was red. Then a big bearish candle dropped, and the game was over.

I've heard stories like this too many times. Brother Maji was liquidated 71 times in 19 days, and over $21 million evaporated just like that. James Wynn used 40x leverage to long Bitcoin worth $1.25 billion, ultimately losing nearly $100 million. What's even more heartbreaking are the unknown players—they lost everything in minutes in high-leverage contracts.

The clear fact in the crypto world is: 90% of people will lose and be forced out. Not because they lack intelligence or effort, but because of mindset issues. Most people prioritize "how to make money" over "how not to lose."

On October 11, 2025, Bitcoin plummeted 8%. Within a day, 1.64 million investors were liquidated, and $19.2 billion in funds simply vanished. Among them, 87% used full-margin mode—one fluctuation and they were all wiped out. This is not a coincidence; it’s inevitable. Very few truly understand the value of risk management. Without experiencing that bone-deep pain, it’s hard to truly grasp this principle.

Risk control is not about setting limits for yourself; it’s about keeping you at the table. Surviving is always more important than anything else.

BTC1,49%

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MoonRocketTeam

· 01-03 03:10

10x leverage full position, this is not trading, this is playing Russian roulette. A single fluctuation can wipe out the account completely. To be honest, it's like launching a rocket before it’s fully fueled and supplied, with an 88% chance of crashing to the ground. Risk control is really not about setting limits for you; it's a tool to keep you alive and sitting at the table to continue bottom fishing, brother. Looking at these numbers, 1.64 million people evaporated 19.2 billion in one day, with 87% of traders holding full positions... That’s why we often say DYOR, and add an R for Risk. Maji Gege was liquidated 71 times; this guy is really playing with fire on the booster. Mindset is the biggest booster and also the easiest to burn out. Without experiencing the pain of account zeroing, you'll never truly understand the real meaning of risk control.

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Degentleman

· 01-01 14:50

10x leverage full position without setting stop-loss, this guy is really brave... No wonder the account is gone. Mindset is indeed the biggest enemy. I've seen too many people have their dreams of getting rich overnight shattered. 1.64 million people wiped out in a day, this number is shocking. Risk control, you won't understand it until you've experienced a complete wipeout. Living is more important than making money. This is a hard truth. In a game where 90% of players are eliminated, you should have already understood the cruelty of the rules. That's right, those who truly make money are the ones who know how to cut losses. That phone call at 2 o'clock was probably a watershed moment in his life. I was also taught by a big bearish candle. Now setting stop-loss is just a reflex. Full position? That's gambling, not trading.

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TokenVelocityTrauma

· 01-01 14:48

10x leverage full position? Bro, you're gambling, not trading. No wonder you're wiped out. --- 1.64 million liquidations in one day, that number sounds hopeless. Nobody really takes risk control seriously. --- It's the same old "staying alive is the most important" argument, but when the market actually hits, how many can resist going all-in? --- The most heartbreaking thing is those anonymous players who lose everything in just a few minutes. That's the real picture of the crypto world. --- 90% loss and out? I think 99% of people start going all-in without even understanding what risk management is. --- That video of a friend clearing out two points, probably the most expensive lesson of his life. A hundred thousand yuan in tuition, is it cheap? --- Leverage is really like a drug. Once you've tasted the sweetness, you can't stop, and in the end, you lose everything. --- So, is it poor trading skills or poor mentality? Honestly, it's hard to tell. Full position is basically suicide. --- Using 40x leverage to long Bitcoin, and still nearly losing 100 million. This guy is really ruthless, or maybe just really stupid.

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ProveMyZK

· 01-01 14:47

It makes your scalp tingle. To be honest, using 10x leverage without setting a stop loss is just asking for death.

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MetaDreamer