Opening the account screenshot, the numbers are firmly at eight digits, this is the answer to my ten years in the cryptocurrency world.
At the table, when a friend once again looked at me with doubt and asked, "You've been trading for ten years, are you really making money or just bragging?" I just smiled slightly. I no longer needed to explain myself; I just had to open the screenshot of my account on my phone—after that crazy market surge in 2021, my assets steadily settled at eight digits.
No one knows, I was once a "veteran" who crawled out from lessons learned through blood and tears. During the frenzy of 2017, I blindly went all in, and when the crash came, my account was almost wiped out, I could barely gather enough for that month's rent.
It was that experience that led me to discover a three-step strategy that my friends mocked as 'hopelessly dumb', but it helped me earn a solid twenty million.
1. The painful history: I was once the 'cut leeks'.
In the cryptocurrency circle of 2017, the air was filled with the scent of getting rich quickly. I had only just started getting involved with cryptocurrencies and watched people around me 'achieve financial freedom', and I couldn't contain my impulse, putting all my savings into the market. The result is predictable; when the market crashed, I became the 'bag holder' shivering at the top of the mountain.
That experience taught me a lesson: in the crypto circle, it's not about who runs fast, but who lasts longer. Those who laughed at my caution back then have mostly disappeared; yet I, the 'dumb person', remain steadily in the market.
2. My 'dumb' strategy: The three-step life-saving rule.
Step one: Small position to test the waters, safety first.
Even when Bitcoin was rising continuously in early 2021, and people around me shouted 'bet everything to double', I had 500,000 in my account and only put in 150,000 to enter the market. The remaining 350,000 was my 'safety cushion', ensuring that even if the market crashed, I would have the confidence to turn things around.
Many newcomers do not understand that in the cryptocurrency market, surviving is much more important than making quick money. My principle is: never go all-in at any time, always leave yourself some room.
Step two: Buy the dip, don't panic or be greedy.
In May 2021, when Bitcoin fell 20%, the groups were filled with voices crying and cursing over losses, but I calmly watched the candlestick chart: every 10% drop, I would add 50,000 to my position. After the first 10% drop, I added 50,000; after another 10% drop, I added another 50,000. Volatility is my 'friend', it's an opportunity to pick up cheap chips.
This strategy requires strong psychological resilience. When the market panics, most people instinctively follow their emotions. I have already planned each step in advance, so I can execute calmly.
Step three: When the trend is clear, increase your position.
When the market stabilized in July and Bitcoin regained key levels, I added the remaining 150,000. I didn't rush or add positions based on feelings; I waited for the trend to be clear before taking action. This strategy may seem to miss some opportunities, but more importantly, it avoids a lot of unnecessary risks.
3. Why is the 'dumb' strategy effective?
In this highly volatile cryptocurrency market, most people overestimate their short-term predictive ability and underestimate the importance of long-term discipline. The core of my 'dumb' strategy is: acknowledge that one cannot predict the market, and instead control what one can manage—position and risk exposure.
At the end of 2021, the market corrected again, and those who chased highs and cut losses either got stuck or sold at a loss. Because I strictly followed position management, my account was hardly affected.
Now at gatherings, I always tell newcomers: 'Don't think making quick money is easy. My eight-figure wealth is not based on luck; it's about not going all-in, not chasing highs, and waiting for trends. Smart people are busy betting on short-term fluctuations, while those who can be 'dumb' enough to stick to their discipline can earn money in the long run.'
4. Honest advice for the current market situation.
Now the market is starting to become active again, with many new faces coming in. As someone who has been through it, I want to share a few personal views:
Position management is always more important than picking projects. Even when seeing an appealing project, do not exceed 10% of total assets.
Surviving is more important than making quick money. The crypto circle always has opportunities, but the premise is that you are present.
Do not use leverage. I have seen too many people using leveraged contracts get liquidated; spot trading is already enough to yield generous returns.
Continuous learning is more important than blindly following trends. This industry changes every day; only by constantly learning can you keep up with the rhythm.
In my opinion, the cryptocurrency market still has great potential in the future, but risk control is always the top priority. The reason my 'dumb' strategy is effective is that it is built on the opposite of human weaknesses: I am fearful when others are greedy, and greedy when others are fearful.
Now, when people at the table ask me for my secrets to trading cryptocurrencies, I tell them: the real secret is that there is no secret. What exists is a seemingly simple method that requires great discipline to execute.
In this market filled with smart people, sometimes being a little 'dumb' can actually take you further.
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