# Cryptocurrency Circle for Eight Years: From 20,000 to Steady Profits, Remember 'Surviving First' is the Key

Having been in the cryptocurrency circle for eight years, I can consider myself having transformed from a novice who was pressed down by the market to a veteran who can maintain the rhythm.

In the deep winter of 2016 at three in the morning, my phone suddenly pinged — Bitcoin plummeted from 8,000 yuan to 5,550 yuan. At that time, I only had over 30,000 left in my bank account, unable to even gather enough for rent, but my buddy Lao Zhou shouted to me on the phone to buy the dip: 'Survive first, then you can wait for the gains.'

This sentence struck me like a thunderbolt, and I gritted my teeth and transferred 20,000 to enter the market, officially getting swept into the wave of cryptocurrency. Now BTC is stable at over 90,000 dollars, but I always think back to those sleepless nights from losses back then — there are no epiphanies in the cryptocurrency world, only lessons learned from real money lost.

After stepping into pitfalls and becoming numb, I finally figured out the patterns: after a sharp drop, a slow rebound is likely a trap set by the market makers; real opportunities are hidden in 'slow declines and sudden surges.' In 2020, UNI dropped from 8 dollars to 2.5, and the whole network was cursing it as a scam. I followed Lao Zhou’s advice to 'buy once for every 20% drop,' and stubbornly held on until I compressed my cost to 3.1 dollars. The next year it surged to 40 dollars, and I decisively cleared my position, cleanly earning 12 times the profit.

Over these eight years, I’ve feared two types of markets: those that are too lively and those that are too quiet. In 2021, when Dogecoin surged to fifth on the trending list, while the whole network was celebrating, I saw the on-chain trading volume drop by 30% in a week and immediately cleared my position — three days later, it directly halved. In 2018, when BTC hovered around 3,200 dollars for two weeks, and the trading volume shrank to one-tenth of its peak, I instead invested 100 U every day, and after half a year, my cost was compressed to 3,800 dollars, just catching the main upward wave.

Lao Zhou stopped trading in 2019 to open a supermarket, leaving a message: 'The crazier the market, the more cautious you should be.' Now, I still have a sticky note on the home page of my trading software: 'If in doubt, stop trading.'

The cryptocurrency circle is never a casino; no matter how fierce the ups and downs are, I remember the weight of that 20,000 yuan back then. By safeguarding the principal and not being led by emotions, one can survive longer and earn steadily.

If you too are stumbling along — remember: survive first, then talk about making money.

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