I joined the crypto space late and have never seen the explosive growth of Shiba Inu, Dogecoin, or Pepe. I once fantasized that if I had invested in these thousand-fold coins earlier, I wouldn't have to work for the rest of my life and could be free.
Since entering the crypto space, I've encountered countless pitfalls and liquidations. At first, I was playing with the big A, only thinking about making a little profit and running away. As a result, I lost half of my hard-earned savings from three years of work across two accounts. Mainly, I couldn't hold on; after two days of decline, I just couldn't take it anymore. After selling, the prices surged not long after, and I felt very lost, thinking that because I couldn't hold on, I missed many opportunities. After working all day, sometimes I often worked overtime, spending over ten hours at work. When I got home, I would just stare at my phone and review trades. I only slept two or three hours a day, then went back to work and felt confused for a while. One night, I came across crypto on Douyin and thought I would try to see if I could make some money. At first, I bought meme coins and made small profits, generally setting take-profit orders and then turning off my phone to sleep. The next day, I made a few hundred dollars and was extremely happy. Later, I realized I had a gambler's nature; playing contracts with a few hundred USDT resulted in my account going to zero. I was fully leveraged, only setting take-profit orders and not setting stop-loss orders. I made small profits but missed out on opportunities that could have multiplied several times because my take-profit price was set too low. As soon as I got my salary, I bought USDT, and when I got liquidated, I borrowed high-interest loans from Meituan. I still owe over 20,000 and haven't paid it off yet. When Trump Coin was launched, I put in 20,000 as my principal and opened a long position at $21. When it dropped to $19, I felt hopeless and cut my losses. The next day, it rose to over $70, and I really wanted to slap myself hard. If I had held on, it would have been a small freedom. Then I became more obsessed. With only a few thousand dollars left, I fully leveraged and opened long at $68. I thought it could rise to hundreds of dollars like those previous coins. I slept soundly, but the next day I woke up to find a liquidation email. At this point, I really had no money left. Loans, rent, daily expenses—I could only eat instant noodles every day. I endured until payday, continued to buy USDT, but this account and OKEx account never made any money; it was all just money coming in. Then I played with ETH. At that time, it had plummeted to the bottom, and I heard people saying it would drop below $1000, so I didn't dare to go long. Later, based on my experience, I thought it should go up, so I wanted to take a long position in spot trading, but I couldn't make a few bucks and didn't have patience over time. I opened a contract, shorting ETH at $1758 and going long at $1670, eating the fluctuations. I made a few hundred bucks. After a while, ETH couldn't drop further and consolidated for a long time, but I still chose to short, and as expected, I got liquidated. I was left with only $400. I thought I would open both long and short positions, but the main direction was long. If I went short, I would only make a few bucks, lowering the liquidation price, trying to eat in and out. I woke up to check my phone and didn’t receive a liquidation email, but it was still frozen. I opened a long position in ETH at $2210, and my unrealized profit soared to $1900. I closed the long position and added to the short position, but then I got liquidated again, back to square one. Using the same method, I opened another position, and in the afternoon, it soared to $2280. At this moment, I was watching the market while working, and my boss told me multiple times that it could skyrocket, so I closed the short position at -$890. The long position was +$2600. I decisively added to my position in profit and set a stop-loss. When I got home from work, I hit my stop-loss. Originally, I had a profit of $5000 but only took home over $2000. I wasn’t willing to give up and opened a long position at $2200 again, and it rose back up. I added to my position again and reached the liquidation point at $2280. Suddenly, it plummeted, and I got liquidated again. Frequent trading led to more losses. If I had just held onto my original long position at over $1800 and not added to my position, I might have made quite a bit. At this point, I was broke and didn’t dare to operate with high leverage anymore. I got my salary again and honestly played with spot trading, but I still couldn’t control myself and added leverage again, getting liquidated. I began to doubt my life. I spent days and nights sleeping only two or three hours, mentally exhausted. Plus, in five years, I would be approaching thirty, and I didn’t know how I would live my next life. Working was tiring, and going back to the countryside seemed to have no future. I felt like my life was just like this. I hadn’t opened the software for a while, then started contemplating life. I must at least earn three million in crypto to lie flat at home. I didn’t dare to think further, just wanted to live a simple life. Even a small county could be good to live in. I put in another 3000 into Huabei and started doing some small contracts to make a little money. I saw community dynamics saying there were many opportunities in the primary market, so I invested my profits into the primary market, starting with a few hundred to buy various coins. I initially bought a LO chain, which doubled, thinking I could play more. But then everything went to zero, and I felt lost. It proved the saying that the primary market is full of scam coins. Later, I used the remaining 400 to buy Bob at 14.1 billion but still couldn’t hold on. I held it for two days without movement, then sold it. A few days later, someone promoted it, and it seemed to be gaining momentum. I got back in midway and bought 90 billion, which only tripled before I sold. Later, it skyrocketed, and I regretted not just letting it sit. If I had done nothing, it might have turned into tens of thousands of profits now. It’s really a shame. This time, in the Mo factory, someone called out a trade, and I directly invested all my assets of 1.1k to buy in, tripling my money before running away. I bought at the bottom, completely without market pumps. At that time, it was probably among the top 100, with huge holdings. Frequent trading caused me to miss out on tens of thousands. I should have at least 200,000 now. The following increases were good, and I bought back at a high position, doubling it again, but couldn’t hold on and sold it off. It’s infuriating. This time with SBM, Mo, and Bopo, I’ve already recouped my principal, leaving the profits in. I’m not selling but rather shorting; if it goes to zero, then so be it. Either give me freedom or let me experience the wealth opportunities like Shiba Inu, Dogecoin, and Pepe from back then. How can I know if I don’t try? Can the legend of turning $2 into millions happen to me? This time, I must turn my fortunes around.