When the delivery guy kept asking me, "Which digital asset can multiply tenfold?" I cleared 80% of my holdings overnight—this isn't superstition; it's the survival instinct I honed through 2,900 days and nights of trial and error after losing 150,000 in the crypto world.
In 2018, when I entered the market with 200,000, I thought I was the chosen one, but three months later, the market battered me down to less than 50,000. Those nights spent staring at K-lines until three in the morning, watching my account balance shrink to the point where I wanted to smash my computer, still send chills down my spine. But thankfully, I didn't become a "deserter"; with the stubbornness of persistent review, I managed to climb out of the pit of losses and even achieved a significant leap in asset scale within three months during a market wave.
Don't envy the so-called "wealth creation myths"; I survived all thanks to stepping into pits enough times. Today, I will share the four survival rules I keep hidden; new traders can at least avoid losing 500,000 after reading this.
One, a bull market is not a "money-picking scene" but a "sifting game."
Every time a big market comes, there are always people who float around not knowing their own name, one moment chasing the metaverse, the next rushing into DeFi, wanting to grab all the hot spots. But I have only focused on one track; when new hotspots emerge, I rigorously study the underlying logic of this field, memorizing the white papers of leading projects and those that are set to rise, so that I can fully enjoy the rewards from just one major wave. Remember, in a bull market, "less is more"; those who are greedy and can't digest will ultimately become the harvested leeks.
Two, "buy new not old" is not metaphysics; it is a market rule.
There are always people who hold the fantasy that "old low-priced coins will rebound," thinking that buying those projects that have been declining for years is "bottom fishing." But the market always favors new stories and new expectations; most old projects lacking innovation are just "broken copper and iron." I have seen too many people trapped by so-called "sentiment," throwing real money into targets with no future. Rationality is key; don't let memories make decisions for your wallet.
Three, contracts are a "double-edged sword"; fasten your seatbelt before drawing it.
I have made eight figures from contracts and have also faced liquidation to the point of questioning life. This thing is like a rose with thorns; if you want to touch it, you must remember three iron rules: don't be fully invested, leverage no more than 5 times, and set stop-losses as naturally as breathing. How many people, due to a lucky mindset, think that "waiting a bit longer will allow them to break even," only to find themselves back to square one overnight? Contracts are not a gambling table; the stop-loss line is your lifeline.
Four, understanding the cycle is more important than finding a "hundredfold coin."
The four-year cycle in the crypto world is a hard rule; at the end of a bull market, you must clear out small-cap projects! When even the market aunties start discussing digital assets, when friends who never touch investments start asking "how to enter the market," that is the peak. Don't be greedy; retreat in time to preserve the fruits of victory, otherwise, a 90% withdrawal in a bear market can make you question your life.
I have no talent and no insider information; being able to survive in the crypto world for 7 years relies entirely on "stupidity" — reviewing until late at night, noting every loss in my notebook, and repeatedly pondering where I went wrong. If you want to establish a long-term presence in this market, don't first ask "which can double"; first ask yourself: if your account drops by 90%, can you still sleep well?
Next, I will continue to share review notes and track analysis, after all, in the crypto world, surviving is the only way to wait for the next spring. Follow me, and when the next market comes, we can steadily enjoy the gains together~
