💸A 3-Year Journey from 500U to 300K: Insights After 10 Liquidations
In 2020, I was dragged into the crypto world by a friend. My first trade was buying a meme coin for 600 bucks and turning it into 6000. From that moment on, my soul was tied to the candlestick charts. I struggled in spot trading and made around 100K, hoarding a bunch of Pixiu coins (now looking back, 90% of them have gone to zero). What really got me hooked was perpetual contracts—my first attempt with a few hundred bucks lasted 3 minutes before liquidation, and after seeking a mentor, I lost another 50K, directly wiping out all my spot profits.
After the harshest liquidation, I sat in my rented room eating bread, studying K-lines and learning MACD, forcing myself to reduce leverage from 100x to 5x. In 2024, when Trump launched his coin, the group was in an uproar. I bought 3000 units of spot at $21, it rose to $77 and I didn’t sell, cashing out above $40—looking back, this move was pretty foolish, but I cleared my debts thanks to this wave.
From a waiter to lying flat with 200K in my account (equivalent to over a million RMB), these three years in crypto felt like a roller coaster: crying in an internet café during liquidations and slapping my thigh in my rented room when doubling my money. Now, I plan to lie flat and collect airdrops, after all, surviving from 500U to now isn’t about skill, but about the survival instinct after being battered by the market—remember: staying alive in the crypto world is 100 times more important than quick money.
