That winter ten years ago, I walked into the crypto world with 5000 yuan I saved from washing dishes at a restaurant, my hands red from the cold. Looking back, that rush I had was like a child who had never seen candy; I didn’t even know how to write the characters for 'risk'.

At that time, Litecoin was only 2800 each. I gritted my teeth and gathered 1.8. I was calculating in my mind: once it rises to 5000, I'll first buy a new pair of cotton shoes; my feet were freezing and unbearable. As a result, three months later, the price soared to 8500. I stared at the numbers in my account and smiled foolishly for half an hour, bragging to my childhood friend, 'This is just the beginning. Once it breaks 10,000, we'll buy a car with a panoramic sunroof; how nice it would be to drive in the summer.' My childhood friend advised me, 'Take your profit and run,' but at that time, I just let it go in one ear and out the other, thinking he had never seen big scenes.

Who knew it would really soar to 11 million a year later! I even added the WeChat of a salesperson at a 4S store and studied car configurations every day. But then, in 2018, the bull market suddenly turned, and the price dropped like it was on a roller coaster, halving again and again. I was staring at the screen, my hands shaking, waking up at three in the morning to check the market. In the end, I completely collapsed when it hit 2500, selling it overnight—I only made 5000 yuan. Later, looking at it, if I had held it to now, it could have flipped to 4.5 million, and I could have bruised my thigh.

Over the past ten years, I've been beaten up by the market, transforming from a 'greenhorn rookie' to now being an analyst. I've finally figured out 5 rules for survival. Today, I’m sharing my heart with you; if you understand, at least you can avoid losing 100,000.

One, enter the market with spare cash! Don't bet your retirement money on the market.

Sister Zhang downstairs pledged her gold bracelet to enter the market last year and said, 'If I gamble once, I can change it for a gold necklace.' As a result, on the day of bankruptcy, she was squatting at the bank entrance crying, the gold bracelet was gone, and her partner quarreled with her for half a month. Let's be honest: trading with your retirement money or mortgage money is like poking a hornet's nest with a stick. The crypto world isn't an ATM; it's a battlefield. If you don't have spare cash, just watch the show honestly and don't force it.

Two, if you need to take profits, then run! Don’t wait for 'club models' to turn into 'instant noodles with sausage.'

In 2021, I entered Dogecoin at 0.03 USD, and when it rose to 0.6, everyone in the group went crazy. Someone shouted, 'Let’s push it to 1 dollar! Let’s arrange for the club’s models.' I was impulsive and didn’t sell, and it later dropped to 0.15 before I cut my losses, equivalent to a cooked duck flying away. Now, I always set a take-profit order before buying, even if it's just a 30% gain; I take it—don't think it's cowardly. In the crypto world, 'locking in profits' is the real deal; numbers not in hand are all illusions.

Three, don't even think about playing with leverage! The operator is just waiting to see your bankruptcy meme.

My childhood friend A Kai played AVAX last year and slammed the table saying '12 times leverage, doubling in a week,' but ended up losing 450,000 in 8 minutes. His phone screen shattered and splattered on me, and he told me on the spot, 'I will never touch this thing again in my life.' Did you think leverage is a shortcut? In fact, the operator has already seen your moves clearly, just waiting for you to go bankrupt and collect chips. It's darker than a casino; touching it is just giving away money.

Four, transfer large assets to a cold wallet quickly! Small platforms can run off at any time.

The year before last, a small trading platform suddenly became inaccessible, and the 3000 stablecoins I had there are still on the 'liquidation list' to this day. The customer service has long lost contact. Now, as soon as my account exceeds 10,000 stablecoins, I immediately transfer it to a cold wallet. Although the transfer fees are a bit high and the steps are cumbersome, I sleep well at night—much better than waking up in the middle of the night to check if 'the platform is still there'.

Five, the news is all traps! Real opportunities won’t be shouted about everywhere.

There was previously an 'internal message' saying that DOT would be heavily invested by large institutions; everyone in the group was spreading it. I couldn't help but jump in at that time, and as a result, I was stuck for over half a year. Later, I understood: by the time you see the news, the operator has already made enough profit and is ready to leave, just waiting for you to take over! If it were a good opportunity, they would have already bought it secretly; why would they shout 'get on board' everywhere?

Finally, let me tell you the harsh truth: is there really a 'get-rich myth' in the cryptocurrency world? Those flaunting luxury cars and mansions are either scammers or haven't lost everything yet. The real seasoned players who make money are quietly accumulating coins and still ride shared bikes and go to work as usual.

I've been in the cryptocurrency circle for ten years, and the pitfalls I've encountered could circle the neighborhood three times. I will publish a 'pitfall avoidance guide' every week to teach you how not to be cut in the crypto world and how to make a steady profit. Follow me, and next time I'll show you my trading records from when I went bankrupt back in the day; let's talk with real experiences, no fakes. After all, in the cryptocurrency world, staying alive is the only way to wait for the day you can make money. Don't you agree?


#加密市场反弹 $ETH