2021 was a great year for me. I 10x'd my money investing into ATOM, SYS, HOT, LUNA, LRC etc. and I was way over the moon. I thought I was fucking invincible...I was going around suggesting people to set stop limits, do not invest more money than you can afford and of course, I shilled for coins that I held. I had this baseless stupid confidence that comes with the money that I never had before.Then came 2022... I was talking with my friends about decent coins they can potentially invest in and the topic of leverage came up. We talked about the potential money I could earn, calculated the amount I'd have if the coin I invested in mooned and then after dreaming about what I can do with the money I can potentially earn, it got to me... why not try out leverage on Binance and went right into 3x leverage.I didn't even bother checking the interest rate, I forgot about all the principles I had with coin trading and borrowed the maximum amount and went all in.I don't fucking know what got to me. Hype threads that talk about potential moon, people around me asking for advice, the money that I never had before... I'd have held through the drop if this was just normal trading because I believe that it will always bounce back and maybe even go even further but with leverage... I cannot afford to hold. If whatever coin I buy drops even for a little bit I am left with no money and no way of earning what I lost back.Now, I sold all the coins I owned for BUSD and I am on the brink of liquidation at margin level of 1.14. The interest rate is piling up, I barely slept last few days and I am literally sweating due to anxiety.I just wanted a place where I can vent about my stupidity. Thanks for reading... or not reading.*tl;dr i am confident. i touch leverage. coin market goes boom. i am broke and fucked beyond measure. *** point: don't touch leverage unless you have enough that you can use money as a toilet paper. **
Submitted January 09, 2022 at 09:45PM
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