If the position is stable, the returns can be relied upon.
This time last year, I was still struggling in a quagmire of 120,000 in debt. I couldn't sleep all night, staring at the ceiling counting sheep, and the sheep turned into Bitcoin symbols jumping around in front of my eyes.
The pressure was so high that I almost wanted to give up. But after 58 days, my account balance changed from negative to over 860,000, and now I withdraw steadily every day, as easy as ordering takeout.
Many people ask me if I bet on which hundred times coin, or followed some mysterious big shot. Today I will break down and analyze the practical experience of these 58 days, telling you that the comeback is not about luck, but a set of underlying logic that most people overlook.
While others are gambling, I am building defenses.
When the entire market is chasing hotspots and crazily gambling, I insist on not exceeding 30% of my position. This is not conservatism, but a way to leave enough ammunition for myself.
Look at the example of Bitfinex: in 2016, they were hacked and lost 120,000 bitcoins, worth about 70 million dollars, facing disaster. But they did not go bankrupt like Mt.Gox; instead, through an innovative BFX token plan, they made every user collectively bear 36% of the losses, ultimately achieving a turnaround.
This is the essence of position management—always leave yourself a way out.
I have seen too many people get liquidated overnight due to excessive leverage. Zhao Dong once owned 15,000 bitcoins, worth over a billion, but due to excessive leverage trading, he faced liquidation and was once in debt of 60 million. This lesson is too profound.
My strategy is very simple: when there is a deviation in direction, losses are controllable; after the trend becomes clear, I gradually increase my stakes. Late at night, when countless people are liquidated, I can still calmly wait for the next round of market movements.
Compound thinking: the fastest way in the cryptocurrency market is to take it slow.
The most harmful illusion in the cryptocurrency world is the thought of 'getting rich overnight.' I have seen many people chasing every hotspot, only to end up with nothing, like a monkey trying to peel corn.
The strategy I adopt is exactly the opposite: not pursuing huge profits from single trades, but focusing on steady profits from each trade. Earning 5% on one trade leads to considerable accumulation over ten trades. The turnaround in 58 days relies on this small-step, fast-running compound thinking.
He Yi's story illustrates the point well. She worked her way up from a rural area in Sichuan to become a trader at Binance, not by gambling with her life, but by turning difficulties into advantages. In 2013, she decisively bet on Bitcoin, not as a blind gamble, but after spending three months deeply researching before making the decision.
True successful individuals in the cryptocurrency world are long-term thinkers. Just like the average cost method (DCA), it may seem clumsy, but if persisted over the long term, it can surpass most short-term traders who chase highs and lows.
Mindset determines wealth: I am greedy when others panic.
The cryptocurrency market is highly volatile, and those with unstable mindsets can easily be washed out. My experience is: when others panic, I am greedy; when others are greedy, I panic.
When the market panics and crashes, I dare to take the opportunity to buy at low positions; when everyone is frantically buying high, I decisively take profits early. It sounds simple, but it requires a strong psychological quality to execute.
Look at those true big shots in the cryptocurrency world, how they remain steadfast during Binance's most difficult times, dealing with global regulatory crises while still sending their children to school. This kind of composure is not innate but honed through repeated market fluctuations.
I have summarized a mindset management secret: streamline the trading decision process to avoid emotional interference. Set clear entry and exit points, and act decisively when those points are reached; do not hesitate or get entangled.
A comeback is not a miracle; it is a replicable system.
In 58 days, from a debt of 120,000 to 860,000+, it sounds like a myth, but behind it is a replicable system.
My method seems clumsy: not chasing hotspots, not gambling recklessly, not betting on fate. But it is this steady operation, like an old person, that helped me endure the darkest moments.
The cryptocurrency market is never short of opportunities; what it lacks is the ability to rationally view the market. The return on investment in digital native assets may be high, but the risks are equally great. The key to success is not predicting the market, but managing risks.
True experts in the cryptocurrency world understand the principle of 'wealth does not enter through urgent doors.' Sun Yuchen's rise from a 'poor student' to a billionaire was not just due to marketing skills, but more importantly, a comprehensive layout and long-term planning in the crypto ecosystem.
Now, every time I see someone heavily betting, I think of my past self. The cryptocurrency world is not a casino, but a place that tests patience, discipline, and wisdom.
Your ship has been waiting for you to steer it steadily forward.
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