Having been in the circle for over half a year, I am officially leaving now and want to share my thoughts.

I entered the circle at the beginning of March, remembering that bome had just launched at that time. I didn’t dare to play at first, invested 200 yuan to test the waters, but once the contract started, I didn’t know how it disappeared. Then I consulted customer service, looked at the plaza, and studied the tutorials, gradually figuring out the rules.

During that time, I looked at the fluctuations and thought to myself that I could earn 10% in a day or suddenly experience a huge surge. I believed that others were losing money, but I wouldn’t; I could seize the opportunity. I felt that ordinary people had a chance to turn their fortunes around.

I kept investing, and every time I faced liquidation, I felt I was too greedy, using high leverage and not understanding trading knowledge, so I went to learn about indicators and opened lower leverage.

Later, when the altcoins were at 3x leverage, I thought it was fine. I remember that day at noon, my 3x leverage was wiped out in an instant.

I started to reflect and felt that I wasn’t suited for this. After a while, I entered with 50,000 yuan, only playing with spot trading, and insisted on holding long-term. I bought some meme coins, but on the first day, second day, they slowly fell. I really couldn’t understand; I accepted liquidation with high leverage but faced liquidation with low leverage too, and lost a lot even in spot trading.

After a month, my spot trading had depreciated by 20%, and I couldn’t take it anymore. I began to think that playing with low leverage contracts was fine too; I’d leave after making 100,000, so I opened 2x leverage, and then it was endless decline—down, down. Even when I made a little profit, I didn’t leave, insisting on holding long-term. I thought the altcoins had already hit the bottom and could not fall further. Ironically, I ended up slowly losing over 30,000.

To this day, I have realized that this is a place that consumes people. In the early days, indeed, a few people made money, using the examples of sudden wealth to lure us into the market, gradually taking our money away. Whether it’s spot trading or contracts, as long as you play, the final outcome will be a miserable ending.

Goodbye, this circle; the so-called turnaround for ordinary people is not here.