A bitter lesson from a Bitcoin investor: "6 years of Accumulation, all wiped out in just one night"

A Reddit user recently shared a story that shocked the Bitcoin community: all of their savings accumulated over 6 years — the result of a DCA strategy — were "liquidated" overnight due to leverage. The story serves as a strong warning to anyone considering using leverage to "shorten the path to wealth."

( From steadfast investors to mistakes driven by greed

The 36-year-old man wrote that he was always the one advising others to stay away from leverage, just patiently DCA and hold Bitcoin for the long term. For many years, any extra money from his monthly salary, he would regularly buy more BTC — without market speculation, without "chasing the peak, catching the bottom".

But in the last two years, his living expenses have increased. The amount of money allocated for Bitcoin has decreased, making him "uncomfortable" because he cannot buy as much as before. From there, he developed the thought: "If I just execute a few small leverage orders, I might recover the lost part."

As a result, in just one night, all the assets accumulated over 6 years vanished.

"Today, my total assets are only equivalent to this month's salary. I have lost everything, and I am 36 years old."

![])https://img-cdn.gateio.im/webp-social/moments-761eb7c546421baee0dda807b2b56dbe.webp###Source: Reddit( The pain after the crash

He describes the feeling of "devastation beyond words": the shame, disappointment, and guilt when thinking about his family. He doesn't dare to tell anyone and believes he will have to live with this feeling of regret forever.

Although he affirmed that he had no intention of suicide, he said that he now understands why many people fall into a state of despair when they lose everything in the market.

“I was there when Bitcoin dropped to $4,000 in 2020. I have been DCAing from that point until now. And now, I am back to square one.”

) Determination to start over – and advice for the community

Currently, he only has his job, a car loan, and a few pieces of furniture. He aims to rebuild his financial position, waiting for Bitcoin to drop to the range of 80,000–90,000 USD before starting to buy back little by little. He said he would never touch leverage again.

Your final message is full of sincerity and warning:

"You may think you are smart and experienced, but just one ‘valid’ reason to take a risk once — and the next morning, you could lose everything.

Don't trade, don't use leverage. Behind every ‘huge profit’ story you see online are hundreds, thousands of people losing everything. I'm serious about this.

Conclusion

This story is not only a personal tragedy but also a mirror reflecting the greed and complacency of many investors in the cryptocurrency market.

In a world where "x10 assets" can happen after just one trade, losing everything can also happen in just one night.

In the midst of severe fluctuations, steadfastness, discipline, and humility may still be the three most sustainable principles.

And as that man said — "Never use leverage." Leverage is a double-edged sword.

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