In the deep winter of 2016, I stared at the 30,000 yuan left in my bank account, and even next month's rent felt like a gamble — while on my phone screen, that thing called 'Bitcoin' was plummeting like a cat whose tail had been stepped on, heading straight for 5,550 yuan. My friend shouted on the phone: 'If you don't buy the dip now, you'll be eating instant noodles next year!' I gripped my burning phone, my hands trembling: 'I can barely keep my eyes open looking at the candlestick chart; buying the dip isn't just handing over my head?'
What he said next later became my 'amulet' that I stuck on the screen: 'In the crypto world, those who prioritize survival before profit will be the ones who get to eat meat.' That day, I grit my teeth and transferred 20,000 in, thus embarking on an anti-instinct path of 'when others are crazy, I tremble; when others tremble, I find bargains.'
Don't believe in "get rich quick myths"! I survived 8 cycles of bull and bear markets relying on three "simple methods".
Newcomers always think that making money in the crypto circle relies on "insider information" and "technology", but experienced players know: avoiding pitfalls is more important than seizing opportunities. The eight years I spent stepping on landmines could fill a book (the bloody history of novice investors), but I've also developed three "anti-common sense iron rules"; fans who follow them have at least not lost their principal:
"When the market drops quickly and rises slowly, it's time to run; when it drops slowly and rises quickly, it's time to lay out": The market never "gently gives away money". In the summer of 2020, UNI dropped from $8 to $2.5, and there was a wave of complaints in the community, with some shouting, "It's going to zero." I wasn't panicking; I stubbornly followed my rule of "buying once every 20% drop" and managed to reduce my cost to $3.1. When it soared to $40 the next year, I sold in three batches—not greedily chasing the highest point, but remembering that "money is what you can pocket". In the end, I made 12 times my investment, but if I had followed the complaints and cut losses, I might still be regretting it now.
"Sell where it's lively, buy where it's quiet": I fear two situations the most: one is the "hundred-fold coins" that everyone is hyping, and the other is the "dead coins" that no one talks about. When Dogecoin was trending in 2021, I monitored the chain data every day and noticed that trading volume had been shrinking for a week, just like "the crowd is there but no one is really spending"; I decisively cleared my position. As expected, three days later, it was halved. Those who privately messaged me complaining about "missing out" later asked me in private messages if it was time to cut losses. In contrast, in 2018, BTC was stagnant at $3,200 for two weeks; the group changed from arguing to sharing memes, and trading volume plummeted. I consistently invested $100 daily, and six months later, my cost was below $4,000. When the main upward wave came, others rushed to buy while I sat counting my money.
"If you don't understand, stop; it's smarter than pretending to understand": This is what I realized after blowing up my position twice. When I first entered the market, I was always afraid of "missing out on opportunities" and dared to rush in on anything others said, resulting in almost losing $20,000. Later, I wrote "if in doubt, stop" into my strategy sheet; even if I was envious of others making money, as long as I didn't understand the logic, I resolutely stayed away. Last year, there was a project related to "AI + crypto" that was extremely popular, and the team's background was praised to the skies, but after researching for three days, I couldn't understand how it made money, so I didn't invest. Three months later, the project went bust, and those who initially mocked me for being "cowardly" are now all fighting for their rights.
In the crypto circle, there are no "big shots", only those who "survive".
Fans often ask me now: "Teacher, do you have any exclusive secrets?" To be honest, I can't even remember complex indicators; the only secret is "to respect the market". When you think, "This time I will definitely make money", it's often a precursor to liquidation; daring to admit "I don't understand this" is the real threshold to wealth.
In eight years, I went from a poor kid who couldn't pay rent to someone who can smile while watching the market, relying not on luck, but on turning "anti-human nature" into a habit. Next, I will slowly share more practical details, such as "how to judge if a project is a scam" and "how to invest for the best value", and I will also expose some of the "IQ tax" projects I have encountered—after all, my experiences were purchased with real money.
