Eight Years of Cryptocurrency: From 50,000 to Over 50 Million, My 'Anti-Humanity' Survival Principles
I am Kejie, 37 years old this year. Over the past eight years, I have watched people around me get rich overnight and lose everything. I turned 50,000 in capital into 50 million, relying not on luck, but on the 'dumb effort' that retail investors disdain the most.
When Bitcoin fell below 200 dollars in 2015, I emptied my savings to enter the market. At that time, I didn't even fully understand the exchange interface, but I firmly remembered my master's words: 'The market is specially designed to treat smart people; surviving is more important than making quick money.'
Four Bloody Lessons Learned from Eight Years of Pitfalls
Rapid drops and slow rises are the sickle, while slow drops and rapid rises are the opportunities.
The prolonged decline after a surge is like a dull knife cutting flesh, and it is actually a signal for washing positions. I remember when the DEFI bubble burst in 2020, UNI fell from 8 dollars to 2.5 dollars; I built my position in batches and got it at 40 dollars.
What really should be escaped is the large volume sell-off after a double in a single day; that is the signal for the big players to overturn the table.
Volume speaks, and market silence is the most dangerous.
The peak of a bull market is not when everyone is crazily discussing it, but when new investors start to show off their profit charts, while the trading volume quietly shrinks.
Just like when Dogecoin exploded in 2021, Twitter's popularity hit a record high, but on-chain trading volume declined for a week. After I cleared my positions, the price halved within three days.
The bottom is not guessed, but ground out.
A single-day surge of over 30% in a bear market is a trap; the real bottom is often accompanied by two weeks of continuous low-volume consolidation.
When Bitcoin consolidated at 3,200 dollars in 2018, I invested 100 dollars daily, and after half a year, I controlled my cost below 4,000 dollars.
To get rid of the 'breakthrough' mentality is to see the situation clearly.
I used to be obsessed with technical indicators but later realized that candlesticks are shadows of emotions. The big players fear two types of people: those who dare to pick up bloody chips during a crash, and those who are willing to take profits in three stages during a surge.
Last year, SOL plummeted from 260 dollars to 80 dollars; I added to my position every 20% drop, and when it rebounded to 150 dollars, I sold in batches, with profits exceeding those who held on until the end.
Now I have a villa in Xixi, Hangzhou, but I still use a 3,000 yuan assembled computer—it's not about pretending to be poor, it's about understanding that this industry always needs an 'outsider' perspective.
The cruelest truth in the cryptocurrency circle: when you think you have gained enlightenment, it is often the eve of a crisis; when you admit that you don't understand, you have truly approached the door to wisdom.
I used to stumble alone in the dark, but now the light is in my hands.
The light is always on; will you follow?
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