I personally witnessed a close friend earn 680,000 with a principal of 30,000, only to blow up on the last night.

This is a heartfelt warning for new investors in the cryptocurrency world.

In last year's bull market, he earned 680,000 with $SHIB and $SOL , thinking he was a genius in the crypto space.

But three months later, only 60,000 was left in his account. Today, I’m sharing from the heart how he ruined himself.

After making money, he thought he was a god.

After SHIB increased tenfold, he believed he could turn stones into gold.

He started to look down on Bitcoin, complaining that it was "too slow to rise," and went all in on various meme coins.

What was the result? The so-called "next SHIB" all became worthless coins.

He believed the nonsense that "holding will make you rich."

One coin dropped 70% from its peak, and a big influencer said, "This is a washout; holding will definitely double your money."

He believed it, only for it to drop another 90%.

Now he understands: the market makers love to make retail investors "hold," so they can slowly offload their bags.

He kept adding to his position with profits, only to eventually give it all back.

He initially made 680,000; if he had withdrawn 400,000 at that time, he could still smile at the market now.

But he chose to keep increasing his position, thinking, "It’s all profit anyway."

The result was a sudden crash, losing all profits and half of his principal.

Now his principles are simple:

Any coin that earns 300%, withdraw the principal first;

Only play coins endorsed by exchanges;

Participate in new coins three days before they launch, then leave after playing;

Always keep 50% cash to pick up bargains during market panic.

The final truth:

What’s most valuable in the crypto world is never which coin will rise, but the tuition you’ve paid.

The lesson he bought for 500,000 is now yours for free.

Trading cryptocurrencies is not just a contest of skill and luck, but a test of mindset and discipline.

Those who survive are never the smartest, but always the ones who follow the rules.