A newcomer keeps asking, "How do you earn your first bucket of gold?" It reminds me of Xiao Liu.

That young man who got carried away betting in the Binance futures market.

On the night of the LUNA collapse in 2022, his fifty times leverage long position was immediately liquidated, and the words "liquidation" on his phone screen pierced his heart more than the 1800 USD of $ETH H at that time.

For the first four years, Xiao Liu was caught in a "gambling addiction": when he won, he would increase leverage and dared to treat the entire group to milk tea when his account doubled;

when he lost, he desperately tried to recover his losses, even if he only had a few thousand USDT left, he would dare to go for forty times perpetual.

Until the fifth liquidation, when his bank card balance was only three digits, he started to save capital while carrying a delivery box— that 3200 USDT was saved from delivering late-night snacks for two months.

This time he completely "quit gambling": 90% of his position was invested in $BTC (now in the 93000 USD range) and ETH (around 3200 USD) spot, leaving 10% USDT for short-term speculation on SOL (around 140 USD).

Every day he watches the market not to find opportunities for explosive growth, but to adjust the stop-loss line— for example, last week when SOL surged to 152 USD, he set his stop-loss at 133 USD in advance, successfully avoiding the subsequent 12-point pullback, much steadier than those who bet on the direction before the Federal Reserve's interest rate cut meeting.

Watching his account slowly recover, I am even more convinced: the most toxic part of the crypto world is not the crash, but the "instant sweetness" of contracts.

Just like before the recent Federal Reserve interest rate cut meeting, BTC fluctuated several thousand points in one day, with 110,000 people across the network liquidating 3 billion in funds. At such times, being greedy for leverage is no different from giving away money.

I always tell newcomers: don't learn from the war gods, learn from the "old dogs"—the market is like the tide, but there are pitfalls every day. #币圈暴富

I only focus on core currencies like BTC and ETH, and recently I only dared to take a light position even on $SOL —after all, it has risen 6.87% in 24 hours, but it has still fallen 17% in a month. #加密市场反弹

Every day, I only dare to say "stability is the priority" in strategies; after all, in this circle, being able to withstand the bear market of 2018, the LUNA collapse of 2022, and now avoiding the mutual slaughter of bulls and bears is more precious than doubling in a single instance.

Surviving is the only way to wait for the market wave that belongs to you.

Follow me for practical skills that can be applied, see you in the Binance chat room.