1. Entering the crypto space: From ignorance to respect
In 2019, I first heard about Bitcoin, when its price hovered around 50,000 RMB. Some friends made dozens of times their investment during the 2017 bull market, while many others lost everything. With curiosity and greed, I decided to invest 10,000 RMB to test the waters.
Due to my lack of knowledge about the market, I blindly followed trends and bought several '100x altcoins', resulting in my funds shrinking to over 6,000 in less than a month. This lesson taught me: In the crypto space, investing without understanding is equivalent to giving away money.
2. Learning during a bear market: From speculator to investor
2019-2020 was a long bear market, but I didn't leave the market; instead, I started learning crazily:
Research Bitcoin halving cycles
Read the Ethereum white paper
Understand concepts like DeFi, smart contracts
Follow industry KOLs (like Vitalik Buterin, CZ)
I realized that true wealth opportunities come from industry trends, not short-term speculation. So, I adjusted my strategy:
70% of funds in dollar-cost averaging Bitcoin and Ethereum
30% of funds allocated to potential altcoins
3. Seize the DeFi Summer: First bucket of gold
In June 2020, DeFi (decentralized finance) exploded. I researched several leading projects:
Uniswap (UNI): Decentralized exchange, airdropped 400 UNI to early users (later valued at nearly 30,000)
Aave (AAVE): Lending protocol, price rose from 30 USD to 600 USD
Chainlink (LINK): Leading oracle, price increased over 10 times
I used the remaining funds to buy AAVE and LINK, and held after the UNI airdrop. By the end of 2020, my 10,000 principal grew to over 200,000.
Key point: Research and prepare before the industry explodes, rather than waiting for prices to rise and then FOMO (fear of missing out).
4. GameFi and NFT: The second leap of wealth
In 2021, NFTs and blockchain games (GameFi) became the new trend. I focused on:
Axie Infinity (AXS): Leading blockchain game, early entry yielded over 50 times return
Bored Ape Yacht Club (BAYC): Bought in at 0.08 ETH (about 1,000 RMB), later rose to 100 ETH (about 2 million)
StepN (GMT): Move-to-Earn model, early players earned thousands daily
Through NFTs and GameFi, my assets grew from 200,000 to 1.5 million.
Secret: Discover trends early, and gradually cash out during market frenzy.
5. Bull market peak selling and bear market bottom buying
At the end of 2021, Bitcoin broke through 69,000 USD, and market sentiment was extremely greedy. I observed:
People around me are discussing cryptocurrency trading
Exchanges were crazily listing new coins, various '100x coins' appeared
The 'wealth myth' is trending on social media
So, I sold 80% of my positions in batches to lock in profits.
In 2022, the market crashed, Bitcoin fell to 16,000 USD. I started buying at lows:
Bitcoin (BTC): Dollar-cost averaging
Ethereum (ETH): Preparing for the ETH 2.0 upgrade
Layer 2 track (like OP, ARB): Public chain expansion is a necessity
By 2023, the market recovered, and my assets surpassed 3 million.
Core strategy:
Sell during the madness of a bull market
Buy during despair in the bear market
6. Mindset and risk control: How to survive in the cryptocurrency space
Many people get rich in the crypto space, but few can keep their wealth. My experience is:
Do not touch contract leverage: 99% of people die from liquidation
Diversify investments: BTC + ETH accounts for 70%, altcoins for 30%
Set stop-loss: Exit if the principal loses 20%
Long-term thinking: Hold core assets, use profits to play with altcoins
7. Advice for beginners
If you also want to turn 10,000 into 3 million, remember:
Learn first, then invest: At least 100 hours of research before entering
Follow industry trends: DeFi, NFT, AI + Blockchain, there are new opportunities in every cycle
Control emotions: No FOMO, no panic selling
Wait patiently: Wealth is earned by waiting, not by frequent trading
8. Conclusion
From 10,000 to 3 million seems like luck, but it is actually a realization of understanding. The crypto space is full of opportunities, but more are traps. Real winners rely on strategy and patience, not gambling.
If you want to replicate my success, remember: Buy when others are fearful, sell when others are greedy.
