Where money actually goes missing
These are the ways money genuinely disappears. What they share is that none of them start with getting the direction wrong — they start with a misread mechanism: assuming liquidation sits at one point, assuming a yield figure is the return, assuming it does not matter where coins are held.
None of these three tell you what not to do. They lay the mechanism out. Whether you use leverage, buy a yield product or hold your own keys is your call — but it should not be a call made without knowing the shape of the loss.
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How a liquidation price is derived
Liquidation does not happen where your loss equals your margin. The real mechanism, and why positions close early.
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The risk inside yield products
An APY tells you what is being offered. It says nothing about what has to keep working for you to receive it.
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What a Web3 wallet is
Self-custody and an exchange account answer "who can help when it goes wrong" in opposite ways.