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After six years of trading cryptocurrencies, I made 10 million. Every penny behind it is a lesson of blood and tears!
The truth of the crypto world: The cruel game between ideals and reality

In the public's imagination, the crypto world is filled with myths of getting rich quickly—investing 10,000 yuan, with the ambition to earn millions in ten years, and not stopping until catching three hundred-fold coins, as if wealth is everywhere within reach. However, when countless dreamers of wealth step into this market, they are greeted by a completely different cruel reality.

Reality version one: The dilemma of halved funds
Many people enter the market with a hopeful 10,000 yuan principal, only to witness their accounts shrink by half the next day. This sudden loss makes it hard to sleep, and in the following deep nights, they can’t help but repeatedly refresh the trading software, painfully struggling between "cutting losses" and "waiting to break even." When the price rebounds to 9,000 a month later, the dawn of breaking even seems to be right in front of them, but they are unwilling to only take back this little profit and choose to hold on. However, the market is merciless, and the prolonged decline keeps the coin price fluctuating between 1,000 and 6,000 for half a year or even a year. Eventually, patience and expectations are worn down, and they can only leave quietly at the 6,000 price point, swallowing the bitter fruit of losses.

Reality version two: The vicious cycle of chasing highs and cutting losses
There are also some investors who initially increased their 10,000 yuan principal to 12,000 by taking advantage of the market's ups and downs. At this point, they decisively sell, confident that they can buy at lower points. However, the market does not fall back as expected and instead skyrockets to 15,000 and 20,000. Watching the constantly rising prices, the fear of missing out takes over, and they can only chase the high and enter the market, instantly doubling their cost. But the market changes drastically, and the price plummets, quickly dropping back to 6,000, consuming all profits and even the principal.

In the crypto world, losses are not accidental but a compulsory lesson that everyone must experience. Perhaps these experiences sound like old sayings, but only by truly going through the painful experience of significant asset shrinkage can one deeply understand the cruelty and risks of the market. Those who have stumbled in the crypto world must empathize with these words—after all, the first lesson in the crypto world is always to learn to face losses head-on.

If you want to make money, don’t be a lone warrior, follow me.