That year, the market suddenly took a sharp downturn, and my leveraged position collapsed instantly. In just a few days, 60% of my account was wiped out. That feeling is impossible to describe. The following days were truly unbearable, with sleepless nights and my mind filled with this loss. But perhaps out of some stubbornness, I didn't choose to cut my losses; instead, I borrowed more funds to make a comeback, trying to fill the gap by increasing leverage. Looking back now, this mindset was really dangerous—at the time, I was completely fighting the market with a gambler's mentality. The outcome was predictable. This experience taught me that leverage is like a double-edged sword; it feels great when making money, but once losses start, the psychological defenses quickly collapse, and we often make the most irrational decisions when we should be rational.
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TokenomicsDetective
· 5h ago
Isn't this a textbook example of the gambler's fallacy? The more you lose, the more you borrow, and in the end, you can only lose more.
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MintMaster
· 11h ago
Oh no, this is a classic leverage hell cycle. The more you lose, the more you want to make a comeback, and the worse it gets.
I've seen this mentality too many times, really.
Borrowing money to cover the holes... brother, this is already gambling mode. Human nature is so fragile.
The double-edged sword is right, but the key is that most people simply can't hold that sword.
It's easiest to do stupid things when losing, and this is the real killer of leverage.
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SolidityNewbie
· 11h ago
Leverage is really poison; losing money and then adding more positions? That's the gambler's mentality, no wonder it's getting deeper and deeper.
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FunGibleTom
· 11h ago
Really, this is the dead end for gamblers rebounding from the bottom
Once the loss mentality kicks in, you can't stop. The more you want to recover, the worse it gets
Leverage is truly a poison, the kind you can't quit
The tuition paid in this round of experience is a bit heavy
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FallingLeaf
· 11h ago
Ah, this is the consequence of chasing highs. Regret is inevitable.
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ChainChef
· 11h ago
ah man, the classic over-leverage soup recipe gone horribly wrong... been there, watched it simmer into disaster mode. that "throw good money after bad" move? nah that's when you know the market's got you in a headlock fr fr
That year, the market suddenly took a sharp downturn, and my leveraged position collapsed instantly. In just a few days, 60% of my account was wiped out. That feeling is impossible to describe. The following days were truly unbearable, with sleepless nights and my mind filled with this loss. But perhaps out of some stubbornness, I didn't choose to cut my losses; instead, I borrowed more funds to make a comeback, trying to fill the gap by increasing leverage. Looking back now, this mindset was really dangerous—at the time, I was completely fighting the market with a gambler's mentality. The outcome was predictable. This experience taught me that leverage is like a double-edged sword; it feels great when making money, but once losses start, the psychological defenses quickly collapse, and we often make the most irrational decisions when we should be rational.