Eight years ago, I was crammed in an eight-person dormitory at an electronics factory in Pi County, Chengdu, meticulously calculating the price of lunch boxes every day— a meal costing 10 yuan made me hesitate for a long time before deciding to add an egg‼️
With a monthly salary of four thousand, it took me three years to save up 150,000 yuan in principal. Now, holding the keys to two apartments, I know that the numbers in my account are not a result of luck, but rather the rules I clung to after falling hard three times.
The first mistake was "rushing to escape." The cryptocurrency I bought when I first entered the market rose by 20%, then slowly fell back. Fearing a total loss of my principal, I hurried to sell, only to later see it spike by 50%.
Only after losing did I understand: a rapid rise followed by a slow fall is often the market makers washing the plate; stay calm and don’t panic. Later, another cryptocurrency surged by 30% in one day before suddenly crashing; I decisively exited and avoided a 40% drop.
The second mistake was stepping into the pit of "high position cold market." In the early years, a popular cryptocurrency oscillated at a high level, and trading volume suddenly dropped. I didn’t take it seriously, and a week later it halved, wasting 30,000 yuan.
From that moment, I kept in mind: high positions with trading volume indicate someone is buying; if it’s like a stagnant pool, it means capital is withdrawing, and you must exit immediately.
The third loss came from "mistaking a rebound for the bottom." A cryptocurrency fell by 25% and then rebounded by 10%. I thought it was the right time to buy the dip heavily, but ended up being stuck for half a year.
I later understood: rebounds after sharp declines are all "bait"; the real bottom should wait for a period of consolidation with reduced volume, followed by three consecutive days of gentle volume increase closing in the green.
Last year, Bitcoin showed this signal while moving sideways for two months. I entered the market and tripled my investment in half a year.
Now I only believe in two things: volume and "not being overly serious." K-lines can be manipulated, but trading volume can’t hide the flow of funds;
I no longer chase highs out of greed or fear of buying the bottom, I never go fully invested or fully out, keeping funds ready for confirmed opportunities.
Making steady money in the cryptocurrency circle is not difficult; don’t be greedy for overnight wealth. Remember the pitfalls I’ve encountered, and follow the genuine signals.
If you’re always panicking amidst the ups and downs, it’s better to remember these few points—walk a little slower, it’s much more reliable than rushing in.
Most people are trapped in a vicious cycle, not lacking effort, but lacking a guiding light.
If you want to walk more steadily in the cryptocurrency circle, it’s better to follow Sister Ting and learn the true logic of layout.
