Lessons More Important than Getting Rich Quickly: I Risked 80,000 for a Wedding House to Gain 2.3 Million, and Also Grew Up Overnight
In 2016, I did something that made my parents shed tears—I invested the 80,000 wedding house down payment I saved for two years entirely into Bitcoin at 450 dollars each. 💸
A year later, while in a guesthouse in Chiang Mai, looking at my phone screen showing an account balance of 2.3 million, I genuinely thought fate had given me a winning lottery ticket. 🤯
But the bear market hit harder than a typhoon 🌪️, and by the end of the year, that number plummeted to 220,000. Sitting at a small table, I had to meticulously budget the money I had to live on—I learned that the so-called “windfall” hurts so much when it falls.
Four liquidations led to four life-saving rules:
🚫 Don’t touch money outside your understanding: In the early years, I rushed into something I didn’t understand at all—what a metaverse plot was—and lost 220,000 in a week. The painful lesson taught me that money outside my understanding could not be earned.
📊 Position is the foundation of survival: I now invest 50% in BTC/ETH, 30% in arbitrage, and keep 20% as backup funds. Last year, when ETH retraced to 1200, I relied on my backup funds to make up for the loss and didn’t miss the rebound.
⚖️ Leverage is a principal harvesting machine: After going all-in on contracts and getting liquidated to zero overnight, I immediately disabled the contract feature.
🧠 Discern information for yourself: Signal groups, influencer coins? All traps. In 2022, I discovered something was off with FTX's reserves by checking data, allowing me to exit early and avoid disaster.
Now, I no longer chase explosive growth; I only seek a stable annual return of 20%. Surviving this path in the crypto world is better than anything else.
Many people are not unmotivated; they just lack a bit of clarity. If you have also felt lost in the ups and downs, perhaps my experience can help you take fewer detours.
