The numbers on the screen were as quiet as a secret, an eight-digit number. I stared at it for a long time, then called my dad: “Dad, quit your job at that factory that's causing you back pain, I’ll send you money monthly from now on.” There was silence on the other end for a few seconds, then my mom grabbed the phone and started her nagging: “Don’t waste money, it’s not easy for you in the big city…” But this time, I could firmly interrupt her: “Mom, that's enough. We don’t need to scheme anymore.”
In 2014, I rushed into the cryptocurrency world with 60,000 yuan I borrowed from begging my grandpa and grandma. Others said this was a casino, but for me, it was the only battlefield. I didn’t have the luxury to dream of getting rich overnight; my only thought was: I must fight my way out of this, because my parents’ old age can’t afford to gamble.
In these eight years, what supported me to survive was not the myth of some hundredfold coin, but the image of my dad injuring his back while carrying goods and insisting that 'it's fine,' and my mom bargaining for a few cents with vendors at the market. Today, I can finally provide them with real confidence: a fully paid house in the hometown with a small yard, top-notch medical insurance, a reliable nanny, and a monthly allowance that arrives on time, allowing them to spend without restraint. This confidence is the greatest reward the crypto world has given me, weighing more than any financial wealth.
This confidence comes from countless nights of liquidation, the pain of cutting losses, and cold reviews. In this market, mercy and luck are the quickest knives that can kill your account. The following points are survival rules I have earned with real money, and even a part of my soul.
1. Stop-loss is your promise for your family's future
Talking about feelings with losing positions, hoping for miracles? The market will teach you what cold-bloodedness means in the next second. I have seen too many people turn the tables ninety-nine times by luck, only to lose all profits and even crucial principal because of one unwilling 'holding'. You must understand that the principal you invest is your army to protect your family. If you make a wrong judgment, and the situation is unfavorable, cutting losses and retreating at the first moment to preserve your living power is the rational choice. Once the army is exhausted, what do you have left to fulfill your filial duty? Stop-loss is not failure; it is to preserve strength for the next opportunity. This is a promise for your family's future that allows no hesitation.
2. Emotional stability is your strongest chip
Getting upset over losses and thinking about immediately going all in to recover? That’s not courage; it’s the behavior of a gambler sending themselves to their doom. The crypto world specializes in punishing various forms of disobedience and targeting red-eyed players. My ironclad rule is very simple: once I feel my emotions rising, heart racing, regardless of whether I am currently losing or gaining, I immediately close the trading interface and step away from the screen. Take a walk, have a drink of water. Decisions made after calming down are far more valuable than any complex technical indicators. In this highly volatile market, prices are affected by various factors, and short-term trends are difficult to predict. Maintaining a calm mindset is crucial.
3. Rules are the only 'faith' you should believe in
Don't casually hang the 'faith' in a certain coin on your lips, as it often serves as an excuse for your unwillingness to cut losses. The price of Bitcoin can fluctuate significantly, and any project carries uncertainty. I have survived multiple bull and bear transitions not by blindly believing in any coin, but by sticking to the trading rules I set for myself: always set a stop-loss when opening a position, never increase the position during losses (do not average down), and absolutely do not easily use high leverage. Remember, preserving your principal is essential for long-term survival in the market. Your rules system is your most reliable protective talisman.
4. Not being greedy is your most aggressive attack
Always dreaming of buying at the lowest point and selling at the highest point? That's a rookie graveyard. Every decent profit I make comes from the 'eating the fish body' philosophy—actively giving up seemingly tempting profits from the fish head and tail, and firmly grasping the middle segment that is the most succulent and has the most reasonable risk-reward ratio. Fantasizing about getting rich while overtrading or using high leverage is extremely dangerous behavior. Not being greedy allows you to genuinely take away profits and steadily improve your life. Wealth often comes from patiently waiting for the market that belongs to you, not from frequent operations.
5. Review, so that the tuition you paid is not in vain
If you lose money, curse a few times and then ignore it, that’s equivalent to giving money away to the market. After every trade, regardless of whether the result is a surprise or disappointment, I force myself to sit down, record simply, and ask a few questions: Did this opening and closing decision fully adhere to the established rules? If the result is unsatisfactory, where did the problem lie? If I could do it again, which part could be optimized? Only by truly engraving the lessons into my bones will they become the solid armor to protect your family's wealth next time. Continuous learning and reviewing are key to coping with this rapidly changing market.
We come to this market to make money, and the initial and ultimate goal is to better protect the family behind us. Don’t let momentary greed and luck blur your original intention, or even become a burden to the family. Always remember to invest only with spare money; the amount you use to invest in cryptocurrencies should preferably not exceed 10% of your total assets. This is a proportion that allows you to sleep peacefully, and even in the worst-case scenario of this investment, it will not shake the foundation of you and your family.
Surviving means you can see tomorrow's sun. Keeping the family safe makes all your struggles meaningful. This is ten thousand times more important than the rise and fall of any coin.
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