1. Starting Point: Despair is more terrifying than failure
Three years ago, I was squatting next to a construction site eating cold steamed buns, looking up at the office building across the street—that was a world I could never enter no matter how hard I tried. Coming from a rural background, in debt, working odd jobs... these labels locked my life down like shackles. At that time, 'changing my destiny' sounded like a joke, until I got involved in the cryptocurrency world.
Like all beginners, I once fantasized about 'turning the tables overnight', but ended up blowing my account twice in three days, losing more than what my wallet held. But it was this despair that forced me to wake up: the cryptocurrency world is not a casino, and gamblers don’t survive here beyond three episodes.
2. Turning point: Turning despair into a weapon
I realized that if I could endure even the worst life, what is there to fear? So I run my business during the day and study K-line charts at night. While others are scrolling through short videos, I analyze the fluctuation patterns of mainstream coins; while others follow the trend to speculate on 'hundredfold coins', I dive deep into white papers and on-chain data.
I gradually discovered that the truth of the crypto space is:
Those who chase highs and sell lows are forever filling pits (rushing in during a bull market, cutting losses in a bear market);
Short-term fluctuations are emotions, long-term trends are logic (for instance, Luna's collapse had long been warned by on-chain sell signals);
Cognitive gaps are the source of profits (some see worthless coins, while others see supply and demand mechanisms).
3. Breakthrough: Upgrading from 'retail investors' to 'hunters' in cognition
I no longer blindly trust 'big shots' for trades, but instead establish my own strategy:
Position management: Invest with spare money, never go all-in;
Cyclical thinking: Accumulate coins in a bear market, take profits in stages during a bull market;
Risk preposition: Assume every project could potentially go to zero, and ask yourself if you can bear it.
For example, during the Luna crash in 2022, when many panicked and sold, I discovered price discrepancies on exchanges through on-chain data, briefly arbitraging to recover some losses. This is not luck, but a long-term trained sense of price perception.
4. The fairness and brutality of the crypto space
Some say the crypto space is a casino, but I believe: Working is the biggest gamble—you're betting your time and health, and what you might gain is only subsistence. But at least the crypto space is fair:
Here, people from different backgrounds compete on the same stage;
Opportunities are captured through cognition, not relationships;
But the harsh reality is that high returns come with high risks (such as contract leverage easily leading to liquidation).
Now, when I lead my team, I repeatedly emphasize: We are not here to gamble with our lives, but to change our fate. Before each operation, ask yourself whether it is a 'cognitive decision' or 'emotional gambling'.
5. Hardcore advice for ordinary people
If you also want to survive in the crypto space:
Test with small costs: Start with a small amount of funds to experience market fluctuations, don't rush to 'All in';
Avoid 'get rich quick narratives': Be wary of Ponzi traps in any project that promises high returns;
Long-termism: Focus on technological logic rather than short-term prices (such as Bitcoin halving cycles, Ethereum ecosystem evolution);
Stay vigilant: Even exchanges can collapse and run away; diversifying asset storage is key.
In conclusion
In three years in the crypto space, my biggest gain is not financial freedom, but a sense of control over life. I once thought office buildings were unattainable, but now I seek my place in the global market. Remember: Luck can win for a moment, but cognition can win for a lifetime. Instead of complaining about life, it’s better to turn despair into a weapon for breakthrough.
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