——@NeoSoulAI This act of kindness has brought warmth to the Standx community. This is exactly how our crypto community should be: when one is in trouble, all come to help; only then can our industry thrive. I also sincerely thank NeoSoulAI for providing this opportunity to share my personal story. I. Origin: From Chasing Airdrops to Entering the Crypto World My entry into the crypto world was purely accidental. Before this, I was constantly chasing airdrops and promotions across various platforms. At the time, P2P lending was still booming, and I stumbled into crypto after participating in a referral promotion campaign. That campaign gave me a taste of profit, and I naturally transitioned into trading cryptocurrencies. Initially, I only traded spot markets—gaining and losing modestly, maintaining a relatively calm mindset. That changed when futures trading became wildly popular. II. Nightmare: The Night of Overleveraging and Liquidation The futures market back then was immature, and I had little understanding of trading rules or position management—laying the groundwork for the tragedy to come. The events of that night remain vivid in my memory. After playing basketball, I stopped by to buy a bottle of wine. After showering and having dinner, I sat comfortably in front of my computer, sipping wine while watching the charts. A sudden piece of news triggered a broad market sell-off. I felt a surge of excitement—I thought this was the perfect opportunity to buy the dip. While browsing exchanges, I came across EOS (now renamed A), dubbed the “Ethereum killer.” A well-known figure on forums called “Principal Wang” frequently promoted EOS, and I often read his posts—his enthusiasm left a deep impression on me. Seeing EOS plummet, I bought in immediately. But the price didn’t rebound as expected—it kept falling. Refusing to accept the loss, I repeatedly averaged down, yet the price continued to erode. In panic, desperate to recover my losses, I made a fateful decision—I entered futures trading. I had never used leverage before, but under overwhelming anxiety, reason vanished. I opened a 10x long position on EOS using the newly launched full-collateral mode. Shortly after opening the trade, the price briefly rebounded. Watching my account inch back toward breakeven, I even silently praised myself for my cleverness. But the rally ended abruptly—the market turned downward again. My unrealized gains vanished, and losses quickly appeared on screen. I stared at the screen, thinking only: “Hold on—it’ll rebound soon!” “Buy more… buy more…” Like a gambler, I kept adding margin until not a single U remained in my account. Yet the market showed no sign of stopping its decline. Fear, regret, frustration, and dread overwhelmed me completely. There was no surprise—the account was liquidated. In an instant, my exchange balance dropped to zero. I sat motionless in front of the computer, utterly broken. That night you got drunk That night I held you That night you hurt me That night I cried for you … III. Rebirth: Redemption and Insight Amidst Despair It took me years to recover emotionally after the liquidation. Only I truly know the bitterness, sweetness, hardships, and human warmth—or lack thereof—I endured during those years. Fortunately, during my lowest and most destitute moments, my parents never abandoned me. Here, I want to express my deepest gratitude to my parents—only they offer unconditional, selfless support without expecting anything in return. Through this painful lesson and years of reflection afterward, I matured significantly and gained a completely new perspective on life and investing. Final Thoughts: I hope my harrowing experience serves as a warning to everyone: Respect the market. Avoid excessive leverage. Don’t let momentary luck or greed jeopardize your life and your family’s future. May you all learn from my mistakes—and never repeat them.
