In the summer of 2020, my renovation business collapsed, leaving me with a debt of 500,000, and only 50,000 remaining in my bank account.
After spending three days and nights in an internet cafe, I turned over all the information and ultimately decided to take the plunge: I bought 9 Bitcoins at an average price of $6,000.
That year, Bitcoin surged 16 times, turning 50,000 into 820,000. I thought I had turned my life around and even considered selling my house to invest more.
But the crash in 2018 came unexpectedly, and my account shrank from 820,000 to 190,000.
That night in front of the ATM, watching the balance, I finally woke up: unrealized gains can't be held, everything is an illusion.
What truly helped me rise from the bottom were three hard-earned rules
1. The principal is life, profit is the weapon
For every new coin I invest in, if it rises, I withdraw the principal first and only roll the profits; if it falls, I strictly stop loss. This way, even if I make a wrong judgment, the foundation won't be harmed.
2. Only earn money within your understanding
Don't touch projects you don't understand, don't chase trends, and don't blindly believe in 'hundredfold coins'. There are always opportunities in the market, but traps are much more common than pie in the sky.
3. Position management is more important than timing
I allocate funds using the '5311 rule': 50% mainstream coins, 30% potential targets, 10% high-risk bets, and 10% cash reserves.
This strategy allowed me to keep the maximum drawdown in the 2022 bear market within 15%.
The real barrier in the crypto world is not technology, but discipline
After 2022, I completely gave up short-term speculation and turned to mining machine hosting and liquidity mining.
Over three years, my account steadily grew from 190,000 to 2,800,000.
I no longer pursue quick riches but instead seek to ensure every transaction is within my plan.
Don't get carried away in a bull market, and don't panic in a bear market.
This market rewards not the smartest, but the long-term survivors.
Follow me at @萧哥带单日记 , no boasting, no false promises, just sharing the real skills to help you survive in the market! Continuing to work tonight, recovering losses and flipping accounts, come join in quickly!
