Why do some people go bankrupt trading cryptocurrencies?

Because damn it, it's addictive.
Making money is addictive,
Losing money is also addictive.
Most people who go bankrupt trading cryptocurrencies,
are playing high-leverage contracts or meme coins,
because this industry makes money way too damn fast.

20,000 yuan, thrown in.
You can make 300,000 yuan in a week.
Which industry has such damn terrifying returns?
This opens Pandora's box.

Because making money is way too damn fast.
It doesn't require physical labor,
nor does it require any connections.
And, anytime you make money, you can withdraw it at will.

Is trading fun or not?
You have 10,000 yuan,
and can open a 100x contract.
Just a 10% profit,
and you can damn well make 200,000 yuan.
Or buy early into a meme coin,
and it can shoot up 10-50 times in a day.

Maybe in a day, maybe in an instant.
This is the charm of contracts and meme coins.
Most people feel the thrill of making money,
but if you pick the wrong direction or the meme coin rugs,
in an instant, your 10,000 principal is gone.

Because you already know,
there's a chance to make 200,000,
and you'll keep thinking about turning another 10,000 into 200,000,
trying to gamble again. It becomes a cycle.
And you end up going bankrupt.

#I'm damn serious