To be honest, I really don't like contracts. This thing can make money quickly, but it can also lose money just as fast. Back in 2021, I helped some colleagues at the company make some money, and my CTO made quite a bit. Before the zoo incident, he opened a five-times leverage contract to go long on #ETH. The night before the 519 crash, we had dinner together. Another colleague and I even advised him not to open the contract, as it was too risky.

However, he had made money from contracts before, and during the bullish market, making money wasn't that hard; almost everyone going long was making profits. So he had the illusion that he was the chosen one. I still remember him telling me:

"Five times leverage means a 20% drop. If ETH can drop 20% all at once, then I don't care if everyone goes down with me."

At that time, the background was that there had just been a drop before the 519 incident, and then it rebounded. He opened a long position during the rebound, so he was actually making money at that moment. He thought it was a bull market and that there would definitely be no problems; five times leverage felt very safe to him. At that time, he had invested almost all the money he had made in the industry.

The next day, when I got to the office, he was already speechless. Since 2020, most of the money he had made was gone. Although he was in this industry, he only started believing in cryptocurrency in 2020. Interesting, right? It all started smoothly, but then, just once, he hit rock bottom.

So I am very clear about the dangers of contracts. I have personally suffered quite a bit, so I have been very honest about it—just placing small ant orders for market predictions. Thank you.

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