In 2016, on the night the company went bankrupt, I had only 50,000 left in my pocket. After wandering in front of the exchange for a week, I took a gamble and bought 8 bitcoins at a price of 6,000 each—this was my last hope and a crazy bet.
Chapter 1 Roller Coaster: From 800,000 Euphoria to 180,000 Despair
In 2017, the bull market swept in, and the price of Bitcoin surged by 1700%. The numbers on the screen kept jumping, and my assets briefly soared to 800,000. Those nights I was excited and unable to sleep, thinking that my fate would be rewritten.
However, the beautiful dream was short-lived. In the winter of 2018, the cryptocurrency market lost 70% of its value, and my account shrank to 180,000. On that sleepless night, I finally realized: the profits on paper are just numbers; the money in my pocket is the real deal.
Chapter Two Transformation: The Rebirth from Speculator to Strategist
In 2020, I completely bid farewell to the gambler's mentality of chasing highs and cutting losses, focusing instead on mining and the DeFi sector. Three years of deep cultivation have allowed my account to grow steadily from 180,000 to 3,000,000.
People often ask how many hundredfold coins I have caught; my answer remains the same: 'The key to surviving in the crypto world has never been how much you can earn, but how long you can last.' Today, I will share with you three survival iron rules earned through eight years of blood and tears, without reservation:
Iron rule one: Protecting principal is the premise of everything.
During the altcoin frenzy of 2021, I once followed the trend to buy a certain token. After a 50% rise, I immediately withdrew my principal and left the profits to continue running. Later, that token plummeted by 90%, yet I still maintained my profit. Remember: there are always opportunities in the crypto world; what is lacking is the principal to participate in the next game.
Iron rule two: The limits of your understanding are the limits of your wealth.
I adhere to one principle: if I don't understand any one of the white paper, team background, or token economic model, I will resolutely avoid it. It is this principle that allowed me to remain calm during the IEO frenzy of 2019 and successfully avoid the subsequent crash; it also enabled me to research projects like SKALE and their elastic sidechain technology before the rise of Layer 2 in 2021, allowing me to position myself early and achieve multiple returns.
Iron rule three: Position management is more important than timing.
My original '6211 Asset Allocation Rule':
60% allocation to Bitcoin and Ethereum (accounting for over 65% of market value, serving as core ballast)
20% allocation to mainstream public chains
10% to explore emerging sectors
10% to keep cash for emergencies
This strategy ensures my maximum drawdown in a bear market is only 12%.
Final chapter: The wisdom of navigating cycles
Now, with Bitcoin falling from 126,000 to 94,000 and altcoins generally being halved in value, these principles' value has been reaffirmed.
Understanding restraint in a bull market and being bold in a bear market is the only way to navigate countless cycles.#加密市场回调 #美SEC推动加密创新监管 
