In the wave of the market in 2020, I knew a brother. He entered the market with 50,000 USDT, and his timing was perfect, just in time for the market explosion.
The account curve shot up like a rocket, reaching 210,000 USDT. That day we were drinking, and I seriously advised him: "Withdraw half first, cash in hand means you’ve won."
He slammed the table and laughed at me for being conservative: "This is just the beginning! When I make it to 1,000,000, I’ll quit and become a boss."
I didn’t advise him anymore. Because I knew too well—
When the market is good, any discouragement is unnecessary.
Next, he started rolling over his positions, leveraging, and chasing highs.
Every day was either trading or researching how to "accelerate life."
Soon, the wind changed.
The market corrected for the first time, and the account dropped from 210,000 to 90,000 USDT.
He said, "It’s fine, I’ll sell on the rebound."
The rebound didn’t come.
Another round of plummeting hit directly to 30,000 USDT.
He started to stubbornly hold on: "It’s like this now, I can’t bear to cut losses."
I’ve heard this phrase countless times.
It’s also the most common epitaph in the crypto circle.
One day later, I saw him online.
The K-line was filled with red, and he stared at it without moving, not speaking for three whole hours.
Later—
The exchange was deleted, the circle cleared out, and he completely disappeared.
From 50,000 to 210,000, he had won.
But what really mattered was not the drawdown,
but that he never considered stopping from start to finish.
The cruel truth of the crypto circle is this:
You didn’t lose because you misread the market,
but because at the moment you made money, you wanted a bit more.
Many people haven’t lost money; they’ve never truly won.
