Hua Zi lost nearly 800 million yuan in this round. Not only did they lose all the profits from their previous bullish run from 1500 to 4000, but they also lost their principal of 450 million. Hua Zi used to be a big cutter in the first tier, but he insisted on playing the second tier. He made a fortune on ETH in the second half of last year, which made him extremely confident. He thought he was invincible and even used leverage to long. In the secondary market, the probability of success is less than one in a thousand. Making money is only temporary; being wiped out is the ultimate outcome. If you don't stop, you'll eventually lose everything. So I always remind myself that making money is just a matter of good luck for a short time. I just withdrew all the profits I made on Binance. I'll only ever use 100-200 WU as initial capital to trade futures. I'm just an ordinary person; I'm happy if I can earn a few times my current income each year. 😇😇😇
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