I can't sleep, let me talk about my story. I've made quite a bit of money, but also missed the opportunity for financial freedom.
I clearly remember the first time I entered the crypto world in November 2017, when Bitcoin fell from its peak of 20,000 dollars to 100,000 RMB. I inexplicably bought 30,000 Bitcoin from a software (not scammed, both lucky and unlucky), and also transferred to the second largest exchange, Binance, where I casually bought a coin called BCC. After a nap, it doubled in value. At that time, I really felt like a big deal and immediately invested another 100,000.
Back then, it was really a mess of random purchases. Within two days, I was left with around 100,000, so I started looking for the cheapest coin on the entire platform (I was only trading BTC pairs at that time). I didn't look at market cap, only price, and the result was TRX! I went all in! As soon as I bought, it started to drop. I tried to find patterns and trade in waves. After just a couple of days, Sun directly pumped the price, and it skyrocketed, more than doubling. I sold, haha, and it ended up going up tenfold.
At this time, although I have regrets, I am more shocked by how easy it is to make money! So I continuously studied the trend patterns of TRX and slowly discovered that during TRX's pullback, it would rebound about 10 points for every drop of over 20 points. Thus, I began to operate repeatedly, and slowly my funds accumulated to over 14 BTC, with a market value of about 1.3 million, and this was just less than 20 days!
This is the first 1 million I earned in my life! At this moment, I completely didn’t know what risk was. So I discovered a 10x coin, BCD! In one day, it surged 10 times, reaching 1.3 million! I went all in!
As a result, the entire market collapsed on me? Everything was falling. In just a few hours, my account balance shrank by half. I quickly waited for a rebound and ran away. My account lost 400,000. All I could think about was that I lost money and needed to recover it, instead of just thinking that my profits had diminished. So I began a series of "operations"—buying new coins, chasing highs and selling lows. The market continued to decline until my account only had 300,000 left.
At this time, the only thing left in my mind was the words "recover my losses." I forced myself to calm down and searched for any opportunities. OK Coin was about to issue! Withdraw! Subscribe! Go all in! It must skyrocket after it's listed!
I didn't expect that it would drop from $6 to $5 right after being listed. My mentality exploded, and I cut my losses and ran back to Binance! Hahaha! The result was evident; I sold at the lowest point! So, I started crazier operations, contracts! Over 200,000, gone in a day.
In the following days, I took loans to trade coins, with debts of 40 to 50. I sold my only apartment (bought for 600,000, sold for 400,000). Faced with immense debt, I truly began to examine myself. In such a market, relying solely on luck is useless. So I started self-learning candlestick patterns. (At that time, after selling my apartment, I still had over 5 BTC left, and I had to repay the loan every month). So I set a goal for myself to earn 500 every day through swing trading; I must be able to pay it off!
So I went to Zhuhai, rented a small apartment, raised a kitten, and started living a life of playing games and watching charts every day without stepping out. (In between, I almost fell into the trap of fcoin, which was particularly popular at that time. I didn't lose much and ran away, and I almost got my account stolen, but I won't go into detail.)
Three years later, in 2020, before the pandemic, my debts were nearly equal to the coins I held. At this time, I had over 200 Ethereum (which I couldn't hold short-term), worth about 300,000. During this time, I met a female streamer. After years of living alone, her care for me in the late night gave me different feelings for her. Thus, with over 200,000, we never met and had no future.
The pandemic came, and I returned to my hometown. Bitcoin plummeted to $3600, with debts close to 40. My account only had over 60,000 left, and I had to repay over 30,000 every month. I thought I was done; my hopes and feelings were about to shatter. But the bull market came! After waiting nearly 4 years! The price of BTC at $3600 soared, and the altcoins bloomed! (I like to trade short-term; I missed out on many bullish coins, including Ripple, which almost went to zero.) In 2021, many coins multiplied by 100, while I cleared all my debts and gave some to my family, then went to Zhuhai with 720,000. (I love the seaside, but since I started trading coins, I became more reclusive, spending months indoors without socializing, and only suffering from cervical spondylosis from sitting beside my computer for long periods.)
In the next four years, I was deceived by a woman for over 300,000. I didn't even hold her hand, haha. I spent a lot of money, consuming over 30,000 a month. In less than a year, I was in debt again, betting on Luna at $0.2, and woke up the next day to find it almost at zero. I dared not buy again and ended up with a broken leg.
I returned to start a business with over 30 in debt. In between, I leveraged to buy grapefruit, which led to a total loss (from that moment on, I started to like using leverage) until my family sold the house for relocation and cleared the debts.
In 2024, Bitcoin had already reached over 50,000. Most altcoins were still at low levels. So I jumped back into the crypto space with money, going all in on Luna, only to find that LUNC was rising faster. With 200,000, plus 2x leverage, USTC soared, and I dared not buy. In just under a month, it reached 1 million again. This was the third time I made 1 million, and I deeply understood that I had to cash out. I wanted to buy a house, but found that I didn't have enough money, so I thought maybe I should earn some more for renovations. The result, however, returned to human greed. Leverage rises quickly, but falls even faster! Thus, I made a grave mistake, frequently swapping coins, chasing highs and selling lows, and my account quickly halved, leaving only 500,000. At this point, I made a decision that I would regret for a lifetime—using leverage to buy Ripple!
At this time, XRP was only $0.5, and with 3x leverage, I couldn't withstand the large drop. So I cut my losses and switched to FIL. In the following days, Bitcoin continued to rise, while altcoins kept falling, and FIL reached new lows until my funds were exhausted, and I started taking loans, buying FIL with 3x and 5x leverage. After incurring more losses, I tried to open contracts with 10x, 20x, and 40x leverage to recover my losses. The result was evident.
At this moment, I finally understand that this bull market is completely different from the previous ones. It takes advantage of your habitual thinking. You think the altcoins will rise with Bitcoin, but it's just a trap. Before dawn, leverage is an extremely dangerous thing, and the only way to live a good life and achieve financial freedom is through spot trading!
Now, with a debt of over 40, I have no way out. Instead of continuing to gamble, I might as well give myself some hope. From now on, I will record my daily spot positions. The bull market is not over; it's just that before the real bull market arrives, you will experience the terrifying nature of the market.#btc #eth #fill
