What is the magic of contracts? Why do some continue to rush in, even if they get liquidated?

In the end, contracts are like a "gamble with computing power." What attracts people the most is simply two words: excitement.

Ordinary people can leverage small amounts of capital to control dozens of times the funds; when the market comes, the numbers in the account jump rapidly, giving a sense of the illusion of "rising to the top in one step." This possibility of quickly amplifying wealth is hard not to entice people.

More importantly, the contract breaks the mindset of "making money only when the market goes up." The cryptocurrency market is highly volatile; an increase is an opportunity, and a decrease is also an opportunity—the short-selling mechanism allows people to profit even when the market is falling. Additionally, with frequent market news and dramatic fluctuations in K-lines, it is easy for people to develop the confidence that "I can predict the trend," always wanting to seize every fluctuation to make quick money.

The herd mentality further fuels the fire. On social media, there are constantly people posting screenshots of their profits, "earning half a year’s salary in a day" and "doubling the principal in three days". After seeing so much, it’s hard not to feel tempted, thinking "if others can do it, so can I". Yet, very few people ask whether those silent majority have already lost everything.

However, the risks of contracts are often severely underestimated. High leverage is a double-edged sword that amplifies profits while also magnifying the destructive power of volatility. The cryptocurrency market lacks regulation, and a sudden piece of news or extreme fluctuations can trigger forced liquidation within minutes. Many people not only see their principal go to zero, but even face negative balances.

If you have no one to guide you, and no systematic learning, it is not advisable to blindly invest your hard-earned money. The dream of getting rich is beautiful, but the pain of getting liquidated is very real.

If you still decide to give it a try, please remember: do not go all in, only use spare money, and strictly control your position. If possible, find a true expert and experienced mentor - this may be more important than luck.