# Cryptocurrency Market Correction: An Eight-Year Summary of Blood and Tears——If You Want to Double Your Money in the Crypto World, First Learn to "Afford to Lose"

Friends, today I want to speak from the heart. During the correction period of the cryptocurrency market, looking back at the eight-year journey in the crypto world, every lesson was earned with real money.

In 2018, in my rented room in Shenzhen, I witnessed Bitcoin surge to $19,000. My account balance of 300,000 skyrocketed to 3,000,000. Those days, I was so excited that I couldn't sleep all night, thinking this was the peak of my life. But three days later, the market crashed dramatically, and by Christmas, my account had less than 600,000 left— that phrase "just wait a bit longer to break even" pulled me from the clouds into the mud.

After eight years of ups and downs, I have stepped into every pitfall and summarized three life-saving iron rules:

First Rule: Leverage is a double-edged sword, definitely not wings to fly

I once used 20x leverage on ETH, making 400,000 in a single day, staying awake all night in excitement. Until the tragic event of May 19, 2021, I lost 600,000 in just two hours, returning to square one overnight. Now my iron rule is engraved in my bones: leverage must not exceed 3x, and a single position should not exceed 5%. Want to dance on the edge of a cliff? First weigh how many lives you have to withstand the correction!

Second Rule: Don’t treat altcoins as heirlooms; it's hard to find real value in a casino

I once heavily invested in a "domestic Ethereum," entering at 250,000 and reluctant to sell even when it rose to 1,500,000, always fantasizing it could multiply tenfold again. Now its price is less than $0.001, completely reduced to an air coin. My position allocation is now rigid but life-saving: 85% is in core assets like BTC and ETH, and the remaining 15% is for entertainment money to play with altcoins— dreams can exist, but don't risk your wealth and life on a gamble.

Third Rule: Stop-loss is the bottom line of trading, and also the dignity to survive

Now I set an 8% hard stop-loss for every trade. If triggered, I exit immediately, without hesitation or luck. This rule has saved me countless times during the cryptocurrency market correction: sometimes stop-loss is not about being cowardly, it’s about preserving capital to wait for the next opportunity.

#CryptocurrencyMarketCorrection #CryptoSurvivalRules #交易铁律

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