In 2019, I saw someone get liquidated for the first time.
At two in the morning that day, he was flooding the group with screenshots, bragging about his five times leverage long position, making thirty thousand in an hour.
At four in the morning, his account was wiped out, disappearing more decisively than the candlestick chart. Later, I heard that he even sold his house to cover his losses, but the more he covered, the more he lost, and in the end, his wife took the kids and left.
In the crypto world, the most real bloodshed is not the market charts, but the collapse of people. I've seen too many stories like this.
Some people shout 'small positions to test the waters' every day, but end up liquidating and selling even their phone cases. Some gamble their fate, thinking a limit-up means it's their destiny, only to be silenced forever by the next bearish candlestick.
Brother, listen up:
Leverage is not a wealth amplifier, it’s a meat grinder.
Whoever advises you to play with leverage, just delete them as a friend.
People like this are either fools or want to drag you down with them.
Right now, 95% of my money is in regular investments, the rest is occasionally for teaching.
Because I know, the market doesn’t kill fools, it kills greedy people.
If you really want to survive in the crypto world, follow my steps; missing one could mean death on the way—
Step one, read books.
Read (Poor Charlie's Almanack) (The Intelligent Investor),
until you can automatically think of the four words 'capital first' in your mind.
You need to understand: Investing is not about showing off skills, but about avoiding mistakes.
Step two, watch videos.
Go to Bilibili and watch Wen Yifei and Zhang Xiaoyu,
and thoroughly understand economic cycles, inflation logic, and capital flow.
Don’t believe those 'tenfold coin crash courses' anymore,
those people can't even calculate the contract liquidation line.
Step three, recognize reality.
The early benefits are gone; now it’s the era of institutional harvesting.
You’re not here to get rich; you’re here to train your mind.
Those who truly make money are always waiting—waiting for others to make mistakes.
Step four, take some spare money and go through the process with real cash.
Recharge, place orders, withdraw.
Don’t focus on your account balance; watch your heartbeat.
Greedy when it rises, fearful when it falls; this is the lesson you need to learn.
Step five, write a trading journal.
Don’t record profits and losses, just note: **why you bought, why you sold, why you panicked.**
This notebook, years later, you will look at it on your knees.
Step six, guard your bottom line.
* All 'principal guaranteed managed accounts' are scams.
* All 'expert advice' is just noise, including what I say.
* Real experts spend 95% of their time in cash, 4% in research, 1% in action.
Opportunities come once every three years,
on that day you must: **be present, have money, stay warm-hearted, and keep your mind clear.**
Finally, let me leave you with this:
The market can pause, but growth cannot stop.
The market does not reward anxiety; it only rewards calmness. If you survive this cold winter, you will be qualified to witness the next spring.
And those who gamble with their lives—have already been buried in the last round of K-lines.$BTC
