The cryptocurrency world does not favor anyone; it simply amplifies your choices and execution.
I remember when I first entered the cryptocurrency world, like most newcomers, I had dreams of financial freedom, but I did not know what awaited me ahead. Ten years have passed, and I have gone from losing a million to making ten million; this journey is filled with bloody and tearful lessons.
When I first came into contact with Bitcoin, I was just an ordinary office worker. At that time, the price of Bitcoin was only a few hundred dollars, and the stories of people around me becoming rich stimulated my nerves. So I started my trading journey with the 1,000,000 funds my father had saved all his life.
The result is predictable; in three years, 1 million was left with only 200,000.
How did I lose a million?
Looking back, my failures were not accidental but mistakes that all novices would make:
Blindly believing others: Spending every day in various crypto groups, following so-called 'masters' operations, even paying 888 yuan a month to join quantitative groups, only to realize later that most of these people are just scythes, specifically harvesting novices.
Full position entry and exit: Every operation is more than half a position, and often enters with a full position, never understanding how to control risks with partial positions.
Not understanding stop-loss: When losing, always fantasizing about a rebound, resulting in small losses turning into large losses, ultimately watching funds shrink helplessly.
Not having your own trading system: Wavering between short-term and long-term, unclear about what you want to do.
I clearly remember the disappointed look on my husband's face when he discovered the account loss. At that moment, I felt I had let down my family's trust, and even considered giving up. But the reality is, how many years would it take to earn back 800,000 with a regular job? I had no choice but to stand up again.
The secret to turning 200,000 into 8 million
After deep communication with my husband, I decided to restart with the remaining 200,000. This time, I thoroughly reflected on the issues and summarized my own trading rules:
Never go all-in: For any trade, a maximum of 35% of funds should be used to enter, firmly keeping 65% cash as oxygen. Always set stop-loss orders, cut positions immediately with a 15% drawdown, do not fantasize, do not average down. As long as the account has a balance, there will always be the next opportunity.
Only trade with the trend: Do not guess the top, do not test the bottom, only eat the most profitable part of the trend. In a bull market, only chase strong coins; in a bear market, only short. The secret to earning 4,000 dollars in ten minutes is simple—being on the right trend; even a pig can fly, but the premise is to stand in the wind, not against it.
Rolling profits: For every profitable trade, immediately withdraw 70% and convert it to USDT for locking, only take 30% profit to roll into the next wave. A snowball is not pushed big all at once, but rolled out one centimeter at a time.
I realized that high leverage is a deadly trap for ordinary investors. Under 10x leverage, a 10% price drop will trigger liquidation; under 75x leverage, a 1.33% drop is enough to wipe you out; and 125x leverage is even more exaggerated, where a 0.8% adverse fluctuation can make the investment worthless.
Establish a robust trading system
After multiple lessons, I summarized my own trading system:
Position management: Divide funds into three parts, 40% for mid to long-term holding of mainstream coins, 30% for swing trading, and 30% kept in cash waiting for opportunities.
Profit taking and stop loss: Set clear exit points before any trade, and do not change your mind due to market fluctuations.
Emotional control: Buy when the market is in panic, sell when everyone is celebrating. This requires strong self-discipline, but it is the key to long-term profitability.
Many of the 'quietly making money' old players I know have a common point: they do not predict the market but instead invest a fixed portion of their monthly income into core assets like BTC and ETH.
The ultimate rule for survival in the crypto world
After ten years of ups and downs, I believe that long-term survival in the crypto world requires following these principles:
Choose mainstream assets: Whether in a bull or bear market, the truly cyclical assets are always the top assets. BTC is the anchor of the crypto world, ETH is the heart of the ecosystem, and the value of these assets has been validated by time and the market.
Stick to a regular investment strategy: Random betting can get you washed out of the market; regular investments are the only choice. Buy more when prices are low and less when prices are high, averaging costs and reducing risks.
Avoid leverage traps: Leverage is like a high-speed sports car; experienced drivers can handle it well, but novices can flip the car with one step on the gas. The key to stable wealth is survival; as long as you do not leave the market, opportunities will always come.
Long-term thinking: The greatest wealth in the crypto world is not a one-time big profit, but the combination of principal + time + compound interest. Assuming a stable return of 50% per year, after five years, the funds will be 7.6 times the original.
My personal insights
In ten years of crypto, I have witnessed too many rises and falls. Some people become rich overnight, while others lose everything. This market has both gods and devils, and often there are more devils.
A founder of an exchange once shared: 'The crypto world is the most brutal market I have ever seen, allowing 24-hour trading, evolving much faster than the stock market. Here, there were once no restrictions or regulations, and various financial innovations could be realized. Almost all tricks can be seen, and the good and evil of human nature are revealed.'
I deeply agree with this view. The crypto world does not create miracles; it only rewards those who are prepared, disciplined, and patient.
Now, I still trade crypto full-time to support my family, but I am no longer the blindly following novice. I have established my own trading system, strictly control risks, and remain calm amidst market fluctuations.
If you have just entered the crypto world, I want to tell you: there are opportunities here, but there are also traps. Survival is always more important than making big profits. Learn to control your position, diversify your investments, and hold quality assets for the long term, only then can you wait for your wave of big market.
The crypto world will not favor anyone; it only amplifies your choices and execution ability. For ordinary people, it is both an opportunity and a test. Whether you can change your destiny does not depend on the market, but on whether you can remain calm amidst temptation and fear.
This road is full of thorns, but as long as you are willing to learn, have discipline, and maintain patience, perhaps one day, you too can achieve your own crypto counterattack.
Remember, in this market, slow is fast, and surviving is winning. Follow Xiang Ge to learn more first-hand information and precise points about crypto, becoming your navigation in the crypto world. Learning is your greatest wealth!#加密市场反弹 #美联储降息 $ETH
