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A couple of days ago, on a whim, I cleared out all my spot positions and scraped together 200u to throw into my futures account.
Went all-in, full leverage—bought $1,000 worth of $XPL and $500 of $0G. As soon as I entered, the market started tanking, and even with small positions I got completely liquidated. My mindset was already broken at that point, but I recharged another 500 RMB, converted it to 70u, and kept going.
Right then, I saw $pippin spike up to 0.34 and pull back, so I opened a $1,000 short at 0.29. What followed was pure agony—the price kept whipsawing, and I just let it ride since I was already numb from the losses. Whatever happened to that last 500 RMB, I just didn’t care anymore.
The worst part was the funding rate. After one night’s sleep, my principal had dropped straight to -20u. But I gritted my teeth and held on until the afternoon. Finally, when the price dropped to around 0.15, I closed everything and locked in about 500u.
Turned 500 RMB into 6 times that.
This market is truly surreal. One second you’re on the brink of liquidation, the next you’re back on top. Heaven or hell in a single thought—that’s exactly what it is.
But honestly, I don’t recommend copying this kind of play. Luck plays a huge part, though patience and information accumulation really do matter. In crypto speculation, mindset is always worth more than your principal.