I started my journey into cryptocurrency with a 'gamble'. In 2018, I secretly exchanged all of my 80,000 yuan, which I had saved for two years for a wedding house down payment, into Bitcoin at a price of 450 USD each. At that time, I was filled with the thought that 'the opportunity has arrived, and I must seize it'. As a result, a year later, I witnessed my account balance soar to 2.3 million while staying at a guesthouse in Chiang Mai, only to watch it shrink to 220,000 — that suffocating feeling, like a roller coaster, still sends chills down my spine when I think about it.
But it was this pain that transformed me from a 'gambler' into a cautious crypto analyst. Today, I want to share four 'rules of survival' that helped me stay alive in the crypto world, using the simplest language possible.
1. Stay away from fields you don't understand.
Years ago, I heard that 'metaverse land' could surge, and I rushed in without even understanding the land's purpose, resulting in a loss of 220,000 in a week. Later, I realized: money outside of understanding cannot be earned.
My principle is very simple now: if a project can't even clearly articulate its white paper, or if I can't explain its logic to a friend in three sentences, then I will directly give it up. For example, last year many people chased the 'chain game concept'; after careful research, I found that the economic model relied entirely on inflation, and I decisively avoided a disaster.
2. Position allocation: stability is paramount, refuse to go all-in.
I now divide my assets into three parts:
50% Bitcoin and Ethereum (core assets; no matter how volatile, do not easily touch them);
30% cross-platform arbitrage (such as using price differences for hedging);
20% reserve fund (to supplement positions in critical moments or respond to emergencies).
When ETH pulled back to $1200 last year, I used my reserve fund to buy more, benefiting from the subsequent rebound. Position management is not about getting rich, but about allowing yourself to sleep well at night.
3. Leverage? That is a principal harvesting machine!
During the full-position contract liquidation, I returned to square one overnight. Later, I simply froze the contract function on the exchange—leverage has never been a profit amplifier but a machine for creating anxiety.
Especially in high-volatility markets, a single spike can wipe out your position. If you don't have institutional-level risk control capabilities, staying away from leverage is the wise choice.
4. Distinguish the news yourself: don't trust big influencers, trust the data.
Signal groups and influencer-recommended coins are 90% traps. I now only trust two things: on-chain data and project white papers.
For example, before the FTX collapse in 2022, I discovered abnormal reserve data and withdrew my assets to a cold wallet a week in advance. What really protects you is not insider information but the ability to think independently.
In conclusion: living is more important than anything else.
Now I am no longer affected by 'surges'; my goal has become a stable annual return of 20%. So far this year, I have barely reached 18%, but at least my account curve is steadily upward.
What the crypto world lacks is opportunities, but many people get stuck in the ups and downs, not because they don't work hard, but because they lack a bit of clarity. The market is always there; finding the right method can help avoid detours.
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