The sad story of an addict who beat Futures Binance – millions of dollars in profit and then nothing

This is the sad admission of an anonymous trader on Facebook, Bitcoin Magazine would like to republish the full text of the author.

Today I am both sad and desperate and feel guilty for pushing it all away.

I am neither rich nor poor. I live a full life without want. In 2017 I made a lot of money and have a life that many people want. After that time, I stumbled upon Bitcoin and lost everything and with the help of my friends and brothers to do it again by 2021, I stabilized my work and life.

I should have cherished the last 4 years through hardship, joys, worries and despair enough to be where I am today, there are days when I am not 10,000 with so many dreams, so many dreams can carry. Family plans for the future, but everything disappeared and disappeared in just 10 days.

And today, 2021, I am repeating what I went through in 2017 of losing money, losing the trust of friends’ family and losing myself.

I joined Bitcoin in February 2021 and joined the Telegram groups “TradercoinVietNam TCVN – GTA Trading Community – Coin98 Insights – MarginATM …”.

The post attracts the attention of crypto traders on the forums.

The first time I spent $ 50,000 was the uptrend season with the criterion not to compromise my life’s work and just play HOLD (at that point I didn’t know anything about margin and futures).

I keep shitcoins to Topcoin according to TCVN and my profit is three times what I have spent, now my greed is getting bigger and bigger. I fomo all bets ignore the warning of my brothers and sisters in the group, the first few bets I have a profit after gradually increasing the number of fomo when I put a total of $ 50,000-150,000 in a bet and even lose. happens often (at that time I was surfing Fomo and ate TOP PNL from TCVN ^^). At that time, I became a different person than before, got caught up in this game, and didn’t accept losing that money.

In March 2021, I deposited another $ 100,000 believing that I would win back what I lost, then take a break and stop playing, betting all in 1-2 and increasing my winnings to $ 230,000.

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After what I contributed and with the help of my friends, I was able to join the group “WHALES TCVN”, a group of many brothers and sisters who are very good, many young people, but are making millions of dollars in this market thanks to HOLD . I should have learned to be patient as I joined the group and absorbed the experiences of my brothers and sisters, but I violated the group’s criteria.

There were many times in the group that advised me not to stick with margin futures and, in particular, the Cypriot Nghia once told me, “It’s best that you don’t know futures” and it was true that I found back then That futures had something difficult I understand so I don’t care.

My series of dark days started in April 2021, I added USDT, now I have 3 accounts (1 FU – 1 HOLD – 1 SURF).

At that time, “WHALES TCVN” Cyprus Nghia urged everyone to collect ETC little by little as this coin has the ability to pump up $ 28, the current price is $ 12-14, my brothers and I have the ETC too -Price collected with the hope of selling for $ 28.

After raising enough $ 500,000 to last for a week and seeing no results, I hate waiting, my patience is over. I sold all of the ETCs for $ 18 and switched to XLM in the hope that XLM would spread a lot of good news that will soon climb to $ 1 so that I can reach my $ 1 million goal once I buy XLM it goes up and down I see my decision is right.

But it doesn’t matter to heaven which is another wrong decision, a decision that costs me too much and that is the second shock to hit me.

ETC went from $ 18 to $ 170 a week later, if I had held $ 500,000 I would have raised more than $ 5,000,000 like Cyprus and siblings in the group, a lot of people changed their luck just because of this ETC deal.

As for XLM, after I bought it it went up and still only fluctuated around $ 0.5-0.6

I regret that I lost the opportunity to ETC, I switched to Futures – FMX and tried a few bets myself, there were times when I came in from 10-17 chevrons and all the bets I put in were green and profitable were. Profit is much faster than sport. But I didn’t understand if the market is trending up, you can play any coin and make a profit.

That’s right because the initial amount I wager is only $ 100-500, then gradually increase $ 1000-5000 and then $ 10,000-50,000 with a leverage of x5 x10. Later, when I’m really thirsty for silver, I’ll play Leverage x50 x100

The second shock that came to me was that after just 1 night I burned almost $ 400,000 when bitcoin was adjusted too deep, now I feel very depressed, desperate, feel like I don’t want to go any further. I locked myself in the house, thought a lot, talked less, after this shock I lost sleep for a few days and my health was badly affected, even I had many times when I didn’t eat, which caused my body to lose collapsed and lose weight, lose a few pounds.

With the encouragement of friends and siblings in “???? WHALES TCVN”, I gradually stabilized my mind and decided to start over.

With the remaining capital from selling XLM and some other coins, I had about $ 200,000 left, then I added USDT, at which point I decided either to get it all back or to lose it all and take a break.

I don’t know if it’s luck or not, I only play BTC and coins on FOMO, which are growing strongly like DOGE during this time.

BTC – DOGE I don’t bet allin x50 x100, then I follow Elon Musk every time I tweet I show Elon Musk’s announcement, no matter what I go to DOGE maximum volume LONG and show signs of giving up I press SHORT according to my feelings and FOMO because I have nothing to lose.

The only time I remember the most was that night that I couldn’t sleep because I was in a bad mood, it was almost around 5am when I opened futures. I had a hunch that BTC was going to rise because I saw BTC falling low and then moving sideways after that, I entered an Allin x100 order, just entered the 1p order, then BTC began to rise gradually and then made 2 candles each 2K, my account price x1400%, but I did not close because greed and trust have lost me my chance to stop then I take 400% profit with me.

At that time I was very disciplined in following the bets in the TCVN Margin and thanks to sports and futures I was able to withdraw part of my account with over $ 700,000.

With this money I decided to only invest in SPORT to avoid risks and to promise never to touch futures.

I met Margin in one of my group conversations and Margin only used it to wave off the floor on the loan and then pay it back when there was a profit, not to borrow on HOLD.

On that day, I had put a total of 15 BTC in margin to borrow 15 BTC at a 1: 1 ratio. I have to say now that I overdosed, everyone advised me not to play so one day I will regret it.

Every day I pay an average of interest around $ 2000 and now I’m all-in for BCH later BCH is up to $ 1600 I didn’t sell my account one morning I woke up and received lots of congratulatory messages to everyone I probably just behind him at the time in terms of the amount of BCH he was holding).

For the first and last time I have a feeling of joy and vitality when my account + $ 740,000 extra after just 1 night. But that joy didn’t last long the next day after the Bitcoin chain tragedy began to decline. During that time, I was able to leave USDT a little bit to accumulate ATOM, and I closed BCH early before dropping back to $ 500.

After the confusion mixed with the feeling of joy from not burning margin, I stabilized my mind and decided to do it again without margin, just HOLD SPORT.

I gradually accumulated ATOM as ATOM dropped $ 28 to $ 21 and later was $ 13. When BIT dropped from 45 to 30, ATOM was $ 8. Now I don’t dare buy ATOM at that price for DCA, but I am spending all my remaining money over $ 300 to buy NEAR at $ 3.7

After that the coin gradually went up, I kept shilling ATOM -NEAR, then NEAR to $ 4.6 I felt fine, but just a few days NEAR fell to 2.7 and now I made another wrong decision to sell everything, what’s available NEAR for the reason that I can’t bet on BNB because the BNB side only let me send 10,000 VND but I didn’t want to send it to the NEAR wallet so I decided to sell everything.

After selling out NEAR, I switched to collecting ATOM for $ 13 and just focused on HOLD ATOM, then brought in all of the ATOMs I had pocketed in margin and continued the game of borrowing the floor Playing waves and then I sold 1 part ATOM to get money to play futures and lost it all (currently against the fastest suicide combo margin futures on the market).

My remaining balance at this point is about $ 400,000, I’m HOLD ATOM, I’ve made a decision to cash it all out and stop playing.

That night I went back to my hometown to organize a vacation for my family to come back with me and when I was in the car I also showed my account of over 11 billion and lost too much so I decided to take a break .. advise me to get out of VND and invest in something else, if you are still playing you will lose. I also agree and promise to pay out money tomorrow to buy a house and buy a car (I previously had a car deposit and looked at the house).

That night when I arrived in Hanoi I had a bit of alcohol in my body with a wild thought, I opened BNB to see the market collapse and tried to place 1-2 orders but lost and kept selling ATOM to make money. Remove the decreasing amount. At this point I am like a moth, no matter what, I just know that I have to remove it, the more I play the more I lose, until my account is over $ 150,000 I stop doing it on time.

How much money went into futures, how many times it was decided to give up. Friends even advised against my having to swear in front of his brother that I would leave futures. But I didn’t dare curse at this point because it’s impossible to really tell myself to stop now, with the rest of the money I decided to sell all ATOM and burn all futures again.

I’ve burned another $ 50,000 in the past 5 days, plus another $ 20,000 that my friend threw me and told me to play the rest to keep from going too deep.

On the same day I cut AXS from 6.0 from evening to night, I still think I should short AXS to 5.5. I don’t understand how I removed the order and made a new one with more leverage and money, but due to my carelessness and lack of focus, I mistakenly entered a short-to-long order. After that, AXS collapsed and broke 3 sticks …