2026-01-10 20:21:50

These days, the backend is crashing again, and everyone is asking about the multiplier used in perpetual contracts. Seeing those comments like "100x leverage overnight turnaround," I feel both angry and distressed.

The day before yesterday, a crypto friend complained to me that he used 30x leverage to long Bitcoin, and when the price dropped 1% in the early morning, he was liquidated immediately. What he didn't understand is that the leverage multiplier is never a matter of courage, but a math problem that must be calculated clearly.

If you can't even understand the liquidation line, sorry, you're not really trading; you're just feeding the exchange.

**Why is leverage so tempting**

The most brilliant thing about perpetual contracts is that they make "getting rich overnight" seem within reach. With $500 principal, opening a 10x long position on Bitcoin, the position size is $5,000. As long as the price rises by 10%, your initial investment doubles. The numbers are wonderful, but what about the cost behind it? A 10% move in the opposite direction can instantly wipe out your $500 principal.

Exchanges market leverage as a "wealth accelerator," never mentioning the risk formula behind it. When you see that red 100x number on the trading interface, it’s like a roulette wheel in a casino—thrilling and deadly at the same time.

Now, many people no longer consider Bitcoin's long-term logic and instead jump into "long and short bets" with dozens or even hundreds of times leverage. This mindset is precisely the starting point for liquidation.

**The real game rules of leverage**

Most people misunderstand a basic fact: the higher the leverage multiplier, the faster the risk increases exponentially, not linearly.

BTC4,59%

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OptionWhisperer

· 01-12 01:58

That guy who got liquidated with 30x leverage really deserved it. If you can't even understand the risks, what are you playing leverage for?

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GasFeeAssassin

· 01-10 20:51

Still dare to sleep with 30x leverage, this guy is really a brave warrior For 100x leverage, just don't open the position at all, it's purely a gambler's mentality If you're bad at math, really don't play with leverage, liquidation is just around the corner The exchange is the happiest for these people Risk is increasing exponentially, many people haven't even calculated the costs The dream of getting rich overnight, once you wake up, it's a negative balance

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GateUser-afe07a92

· 01-10 20:39

A 30x liquidation in one night, how clueless can this guy be. --- 100x leverage? Dream on, exchanges have been itching to take over for a long time. --- That's right, most people don't even know how to calculate the liquidation line, just pure naive investors willingly sending themselves to slaughter. --- Perpetual contracts are just gambling machines, whether you understand math or not, you're bound to lose. --- Looking at those comments about "doubling dreams" makes me want to laugh; next thing you know, it'll be "clearance sale" stories. --- Leverage, it can make you ten times richer or bankrupt in an instant. Those with strong gambling instincts should be cautious. --- A 1% drop causing 30x liquidation? Serves you right, that's purely gambling with your brain. --- Exchange: "Come on, 100x waiting for you," naive investors: "I'm coming." Then their accounts are gone. --- Feels like everyone is playing Russian roulette, am I the only one who’s sober? No, I’ve lost money too... --- The higher the leverage, the faster your heartbeat; when the money's gone, the heartbeat stops.

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GasFeeCrybaby

· 01-10 20:29

That guy who got liquidated at 30x leverage really deserves it. He can't even do basic leverage calculations and still dares to play, he's basically a walking exchange ATM.

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YieldFarmRefugee

· 01-10 20:23

30x is already爆了, and you're still asking about 100x? Really, these people have their brains waterlogged. --- Well said, it's like fueling the exchange, leaving no share behind. --- Still dreaming of overnight riches, and now the margin call has arrived. --- Perpetual contracts are carefully designed casinos, and the exchanges are the happiest. --- The phrase "exponential risk" needs to be repeated, but probably no one listens. --- The joy of doubling 500 bucks can't last 10 minutes, I believe that. --- Leverage is truly an accelerator of wealth disparity; the smart get richer, while the impulsive get poorer. --- Every time I see news of爆仓, I feel heartbroken, but if only they had done the math, it wouldn't be like this. --- When asked how to operate at 100x, I think you're trying to quickly return to zero. --- That red 100x number indeed looks like roulette, but the wheel always spins others' money.

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