1M Profit is sugar-coated arsenic that makes you forget the common sense that altcoin is supposed to be Light Position. This article is derived from an article written by TIGER and compiled, compiled and contributed by Foresight News. (Synopsis: From diamond hands to daily memes, how can highly fragmented markets survive?) (Background added: After the altcoin season disappears, how to continue to make profits in the new cryptocurrency landscape? After thinking about it for a long time, I still decided to record it. This stage is painful, doubtful, frustrated, and the feeling of losing one’s own efforts. More as a record, not as a review. Overturning may require more sanity. First of all, I am not a perpetual blogger, nor do I have an invincible amount of money. The loss of 2M is what I have accumulated over the years, one hair after another, one hot spot stepped out, and it is also a relatively large drawdown since entering the circle. 1. Contracts on Hype 18 years of contracting, once lost more than 2,000 Ethereum and 100 BTC, that painful experience made me secretly determined to trade, except for hedging, no longer touch the contract. At the end of the year, Hyperliquid was hot, I opened 5wu to earn 10wu, and decided that Hype, as one of the few innovations in this round, would continue to eat into the Cex share, so I decided to high Heavy Position Hype in the 20s. Since Hype itself is a contract platform, which is contrary to the rule that I don’t touch the contract for myself, and I want to experience more Hype platform functions, I decided to open triple leverage, with unlimited margin. Finally, 1M Margin was put on the contract platform, which also laid the groundwork for the huge loss later. When I made the “never contract” flag in 2018, I never imagined that my 2025 self would tear up my oath with my own hands at Hyperliquid. The sweet start of 50,000 changes and 100,000, the crazy decision of the $20 Heavy Position, the fatal operation of 1M Margin with triple leverage… Behind these numbers lies a devil’s whisper: “This time is really different.” 2. AI agent That’s right, I missed the AI agent big pump. And in the high dumb buying. In fact, there is no Heavy Position, but as described earlier, the Hype contract put 1M, and I chose to chase a bit of the AI agent’s leveraged Position with 20w. Compared to Hype’s Position, I think it’s much smaller, but I still underestimate the power of leverage. The final high is dumb buying Virtual and AI6Z. At the beginning, there was actually no big feeling, after all, the market heat and narrative are all good situations. But the subsequent encounter with Trump’s market blood sucking, and Deepseek’s impact on the US stock AI zone, made the entire crypto world AI agent lose faith. I abandoned the car halfway through and lost more than 80wu with less than 20w margin. When chasing the AI agent with 200,000 knives, I made one of the last mistakes an old cannon should make: use the lever as a magnifying glass, but forget that it is a haha mirror. When Deepseek raided U.S. stocks, my position collapsed in a twist, and 800,000 knives evaporated faster than the Unfavourable Information message. After 7 years, I once again planted a head on the contract. 3. Meme realized the importance of meme round early on, so it has been building its own arsenal of weapons, various on-chain monitoring, and smart money to buy quickly. In the end, the situation did not achieve the desired result, and all the efforts seemed very ridiculous. Just a few big Nodes: 1) Pnut Pnut continues to follow and Heavy Position, allowing me to earn up to 1M on him. But it was also from Pnut that my operations became more aggressive and my risk appetite was higher due to the rapid profit realization. In the past, the share of investment in altcoin would not have been so large. It can be said that this round of such a large drawdown of the total amount, Pnut has a big factor in its success. “1M profit is sugar-coated arsenic, it makes you forget the common sense that altcoin coins should be Light Position” 2) Trump We make various tools on on-chain, monitoring, big V smart money speak. Nothing stopped me from going to bed at 3 a.m. in the European time zone! In my aggressive style of investing at the time, 90% of the monitored Address got big results, and it should be no problem to earn 10m by hundreds of k. And in Europe, I happened to be the group of people who stared at the market for 20 hours and missed Trump in their sleep. With my investment style at the time and a bunch of self-made monitoring procedures, I could really say that I missed the opportunity of my life. In addition to waking up the next day to be annoyed, I happened to meet one of the most important moments in real life, the delivery room to welcome the baby. The house leak happened to rain overnight, and when the delivery room was busy, I saw Trump’s wife launch coin in the toilet causing Trump’s flash crash, because the inauguration ceremony had not yet arrived, Trump flash crash 40% made me think it was the time to get on board, immediately sold a lot of altcoin, and then bought 40wu around 50. Then welcome the newborn, and at the same time 2-3 days did not have much time to think and operate my leveraged AI agent token and the high-level dumb buying Trump Token. Heavy losses. When the child’s first cry hit the Trump Tokenflash crash 40%, for the first time in his life, he understood what it means to be “killed by fate” 3) Argentine President Trump’s major drawdown has annoyed me, from a theoretical miss of 100 million to a crazy loss of altcoin, making me determined to admit the loss and leave. Wait until you are in a good mood and state before making plans. However, it was such a coincidence that the Argentine president’s launch coin incident made me see it for the first time. This time I was awake and entered 10min open. This is the moment of my life, I said to myself. There was not enough money in the wallet, it took 10min to withdraw coins from CEX, and after several increases in the position, I entered 20wu, with an average price of 3 yuan. After buying, I also called my good brothers in the European time zone, the US time zone and the Chinese time zone. (Clown) swiped the message while confirming the authenticity of the launch coin. Although I think that Trump’s price is only 20b, there will be no excess income here, but I am still obsessed with the “early” entry this time. Soon the profit reached 50%, I pressed my hand on the sell 75% button, thinking about recoup investment, only to find a 10% transaction tax, and after I double-checked, the price began to fall. There are too few opportunities left for us to sell the window, and when I fell to 2 blocks, I saw the message that dev unilaterally added the pool to sell. But loss-averse, I think that as long as the presidential launch coin event is not a false event, there will always be Rebound, and Rebound will lose less. Immediately after the next fall and the rug incident, everyone knows, and in the end I lost 80%. Tired of sleeping under the covers at 5 a.m., if I don’t sleep again, I’m going to die suddenly. The 200,000 knives staked on the Argentine presidential token became the most expensive alarm clock - it taught me that the sun at five o’clock in the morning never illuminates the endgame of rug pull Written at the end “All ‘wealth codes’ are secretly marked with time zones - and you are always in the wrong one” No matter how much you prepare, it takes a “life” to make a fortune. It’s not a resurrection, it’s just a record of me in a broken mood. Encourage myself, I have successfully made many good decisions, done millions of daily jobs…