Recently, on-chain monitoring detected a wild move: an address turned $200,000 into $1.5 million in 10 days, and then immediately opened a $24 million high-leverage short position.
Seeing this kind of record, feeling a bit itchy? Don’t rush in just yet.
**These get-rich-quick stories are probably not for you**
What does 40x leverage mean? If the market moves 10% against you, your entire principal is wiped out. Sounds thrilling, right? But here’s the thing—the market loves to spread these extreme success stories, but who’s counting all those accounts that get liquidated quietly?
Behind the doubled returns, the risks are amplified just as much. The miracle you see is probably just a sample of survivor bias.
**So how should ordinary people play?**
**First, know your own limits.** What does high-leverage trading require? Real-time monitoring, ironclad stop-loss discipline, and the nerves to withstand a 50% drop in a single day. If you can’t do these, stay away from high leverage.
**Rules beat luck.** Keep leverage under 5x, and never let a single loss exceed 2% of your principal. Made a profit? Take profits in batches—don’t let your gains evaporate. This may sound boring, but it will keep you in the game longer.
**Go at your own pace.** What does someone else making $10 million have to do with you? You’re not them. There are plenty of steady approaches: regular spot investments in major coins, or catching the middle of a trend with 3-5x low leverage—stop chasing every last cent.
**How to use on-chain signals?**
Whale address activity does reflect market sentiment, but copying them directly? That’s a recipe for disaster.
A smarter approach is to watch for sustained trends: What’s the net inflow/outflow from exchanges? Are large-scale stakes increasing or decreasing? Don’t let single transactions lead you by the nose.
**The biggest trap in crypto is treating someone else’s extreme luck as your own viable strategy.**
The real winners aren’t celebrating in get-rich-quick stories—they’re steadily refining their trading systems, surviving day by day. The market isn’t short of myths; what it lacks are ordinary people who can profit consistently.
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ProposalManiac
· 20h ago
This is a typical case of survivor bias leading to governance failure; the market incentive mechanism is completely distorted.
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MultiSigFailMaster
· 22h ago
Haha, yet another legendary story on the eve of a liquidation. I bet five bucks this guy is already back to zero.
To be honest, I don’t envy these cases at all. Turning 7x in 10 days and then going all-in on a short—this is just the self-cultivation of a gambler.
Most people playing with 40x leverage are basically cannon fodder in waiting—don’t ask how I know...
Regular DCA, and leverage within 5x, that’s the real way to survive. It might be boring, but you’ll last longer.
I stopped believing in these on-chain signals a long time ago. Blindly copying them is just another way to die.
Whale moves are for reference only—don’t treat them as the trading bible.
Discipline is worth a hundred times more than luck; sadly, most people just want to take a gamble.
What the crypto space lacks right now isn’t stories, but traders who can survive until next year.
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SerNgmi
· 12-06 20:51
To be honest, I'm tired of hearing about survivor bias, but it's definitely the truth.
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40x? Don't even think about it, that's gambling, not trading.
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Staring at other people's addresses every day is less practical than just doing steady spot DCA.
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This article is basically advising me not to court disaster, haha, makes sense.
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5x leverage with a steady approach sounds boring, but surviving longer is winning.
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All the stories in crypto are told by those who survived; those who got liquidated don’t even get a chance to speak.
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Other people making ten million really has nothing to do with me, I’ll just stick to my steady DCA.
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Whale addresses are just for fun to look at; copying them blindly is pure suicide.
View OriginalReply0
ForumMiningMaster
· 12-06 20:43
40x leverage would liquidate anyone, the survivor bias is truly insane.
View OriginalReply0
BearMarketMonk
· 12-06 20:26
Simply put, it's survivor bias—nobody counts the addresses that get liquidated.
It's tempting to see others turn 1.5 million, but with 40x leverage, a single 10% move against you wipes you out. Stay clear-headed.
Set your own rules to survive longer, and don't let on-chain signals lead you by the nose.
Recently, on-chain monitoring detected a wild move: an address turned $200,000 into $1.5 million in 10 days, and then immediately opened a $24 million high-leverage short position.
Seeing this kind of record, feeling a bit itchy? Don’t rush in just yet.
**These get-rich-quick stories are probably not for you**
What does 40x leverage mean? If the market moves 10% against you, your entire principal is wiped out. Sounds thrilling, right? But here’s the thing—the market loves to spread these extreme success stories, but who’s counting all those accounts that get liquidated quietly?
Behind the doubled returns, the risks are amplified just as much. The miracle you see is probably just a sample of survivor bias.
**So how should ordinary people play?**
**First, know your own limits.** What does high-leverage trading require? Real-time monitoring, ironclad stop-loss discipline, and the nerves to withstand a 50% drop in a single day. If you can’t do these, stay away from high leverage.
**Rules beat luck.** Keep leverage under 5x, and never let a single loss exceed 2% of your principal. Made a profit? Take profits in batches—don’t let your gains evaporate. This may sound boring, but it will keep you in the game longer.
**Go at your own pace.** What does someone else making $10 million have to do with you? You’re not them. There are plenty of steady approaches: regular spot investments in major coins, or catching the middle of a trend with 3-5x low leverage—stop chasing every last cent.
**How to use on-chain signals?**
Whale address activity does reflect market sentiment, but copying them directly? That’s a recipe for disaster.
A smarter approach is to watch for sustained trends: What’s the net inflow/outflow from exchanges? Are large-scale stakes increasing or decreasing? Don’t let single transactions lead you by the nose.
**The biggest trap in crypto is treating someone else’s extreme luck as your own viable strategy.**
The real winners aren’t celebrating in get-rich-quick stories—they’re steadily refining their trading systems, surviving day by day. The market isn’t short of myths; what it lacks are ordinary people who can profit consistently.