Life really has its ups and downs! Last year, my friend had 5 million in hand, flying first class solo, driving a Porsche, living carefree and spontaneous. This year, they've lost their car and house, and are 3 million in debt—falling from the clouds into the mud. The crypto world has seen several bull and bear cycles: from getting rich in the bull market to the October 11 crash last year that wiped everything out, then taking loans to gamble, mortgaging property, and repeatedly going from a millionaire to having nothing. In April, they borrowed 30K to go long and flipped it to 700K, but in May, they went long on Bitcoin and lost it all again. Now, they’re left with just +1,000 yuan in hand, while owing over 500K across Alipay Jiebei, MYbank loans, and credit cards. Every time they hit zero, the pain is unbearable. They know high leverage is a dead end, but they can’t control their gambler’s mindset. Words don’t match actions, and in the end, it’s all for nothing.