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GUSD
3.8%
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Launch
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I wanted to make some profit through the points race, but ended up being exploited by the points race instead.
Recently, I was playing on a major exchange's points race, planning to accumulate trading points through activities like Opinion and standx. I happened to be bullish on BTC, so I opened a long position, intending to earn trading fee points while holding the position and waiting for the price to rise. The plan seemed solid.
Who knew, suddenly my computer broke down, and I couldn't log into my wallet to check my positions for a while. I thought it was just a matter of a few days, but when I finally turned on the computer, I saw a liquidation notification in my account—lost 7,000 yuan.
The most ridiculous part is, that 7,000 yuan was exactly the price of my computer. It’s as if I lost a whole computer just like that. With this level of loss, it’s equivalent to losing the value of seven computers all at once.
This experience taught me a lesson: no matter how promising a coin or an enticing points race seems, if you can't monitor your positions at all times, risks can come in ways you never expect. Especially with leveraged positions, hardware failures, network outages—these everyday accidents can be fatal in the trading market.