#比特币波动性 Is one second worth a month's salary? How exactly do you play this contract game to survive?

Taking ten thousand yuan with a hundred times leverage, as long as the underlying asset moves slightly and increases by 1%, the account will directly gain another ten thousand - just enough to cover a month's salary in an office. Others exchange their lives for money, while contracts exchange volatility for time. One second equals thirty days; can the heart handle it?

In this broken place of the crypto world, volatility is the real boss. During the bull market, late at night, altcoins would act like they were drunk, pulling up 15% in just a minute without catching their breath. Even something like $BTC , which is an old player, when the emotions hit, it’s not surprising to see a -4% drop in just three minutes. Once leverage is applied, there are only two paths: either it blows up or it flips; there’s no third outcome.

What truly makes it impossible to stop is not how much money has been made, but the magic of the "compound interest button:"

Ten thousand becomes twenty thousand, then flip; twenty thousand becomes forty thousand, keep flipping.

Every time the numbers jump up, that little dopamine in your brain starts to trick you – you think you’re making money? In fact, it’s just the multiplication table writing a sci-fi novel for you. I’ve seen someone with a 100U ant-sized position, and that same day it shot up to 5600U, turning six hundred RMB into a thirty thousand RMB party scene. After that day, I developed a kind of physiological dizziness towards the word "money": wealth can actually be refreshed by hitting the F5 key, rather than receiving a monthly salary.

Playing with spot trading, we are gamblers, and we laugh at them like retired officials. A 1% increase on 100,000 in spot trading? An extra thousand in the account. A 1% increase on a 100x contract of 100,000? An extra 100,000 in the account directly. In the same market wave, they buy bubble tea, we buy Tesla. Who still wants to slowly get rich?

Swipe up with your finger, and your monthly salary arrives; swipe down, and half a year's salary instantly evaporates. The liquidation alert sounds like a midnight alarm clock, waking you up once, only to be lulled back to sleep by the next bullish candle.

Of course, seasoned investors always have a backup: a few cold hard assets lying deep in their wallets—whether it's BTC or ETH, enough to ensure that even if their debts hit zero tomorrow, they can at least order a steak for takeout. Leverage is a knife, while spot assets are a shield. While licking blood from the knife's edge, one must hide grain in the shield to stay seated at the gambling table.

But most newcomers only see the light of the knife and don't see where the shield is. The pace of society is too fast, with short videos having a climax every fifteen seconds; who is still willing to wait for something with an annualized return of 15%?

What does it matter if you get liquidated? It's just a reset of the game; if you happen to turn a profit, wouldn't that mean ending the grind early? News about contract liquidations trends every year, yet the referral links continue to spread wider.

Even if I've written a liquidation review, I still find myself, on some late night, transferring the remaining U into my contract account, murmuring to myself: "One last gamble, I'll stop when the sun rises." Then the candlestick chart continues to move, and the story goes on.