[At 30 years old, I burned my account book in a rental room] On New Year's Eve in 2019, I hid in a partitioned room with a monthly rent of 800, looking at a repayment reminder for a 60,000 loan, throwing my account book into the trash. At that time, I was 30 years old, unemployed, in debt, and had to save on instant noodles. Who would have thought that six years later, I would be looking at Bitcoin K-lines from my balcony in Shenzhen Bay, with enough numbers in my account to buy three Porsches — but this is not a success story; it is a survival manual filled with 'liquidation' and 'rebirth'.

[From gambler to fodder: I cried and deleted the software at 4 AM]

  • The deadly game of 5x leverage
    In the first month, I made 20,000 from short-term EOS trading; I felt like a drunk man who discovered a gold mine, directly going all in with 5x leverage on platform tokens. On the day of the 'March 12 Black Swan' in 2020, Bitcoin plummeted from 8,000 USD, and I watched my account shrink from 150,000 to 8,000, my finger trembling on the close button for ten minutes. At 4 AM, after throwing up instant noodles in the bathroom, I deleted the trading software, only to secretly download it again three days later — the gambler's addiction is harder to quit than drug addiction.

  • 10,000 hours of 'self-torturing practice'
    After my liquidation, I did something stupid: with only 3,000 remaining in principal, I practiced on a simulation account for a whole year. Every day, I stared at the market from 9 AM to 2 AM, copying the BTC K-line chart for nearly ten years 20 times, even dreaming of calculating Fibonacci retracement lines. The craziest time was when I researched DeFi liquidity mining; I didn't sleep for 48 hours straight until I started to bleed from my nose and my roommate took me to the hospital. Looking back now, that wasn't effort; it was a desperate struggle when there was no way out.

[Three 'Counterintuitive Iron Rules' that can multiply assets by a thousand times]

🔴 Iron Rule 1: Stop-loss is my respirator; without it, I suffocate

In June 2023, when I went long on SOL, I set a 12% stop-loss. At 2 AM, the price suddenly broke the support level, and my account showed a floating loss of 47,000. I stared at the screen thinking 'just wait a little longer', but my body acted before my brain — my finger already pressed the close button. Ten minutes later, SOL plummeted 35%, and a guy in the adjacent group lost his 1 million principal in an instant because he held onto his position. Later, I wrote in my notes: 'The money earned from holding positions nine times is not enough to cover one liquidation loss.'

🔴 Iron Rule 2: When the market shouts 'Charge!', I choose to 'Run'

When Bitcoin surged to 40,000 USD in 2024, the entire internet was buzzing about '10,000 points market', but I converted 70% of my position to USDT. The brothers in the crypto group laughed at me for being 'cowardly', and some even bet that I would miss out. A month later, when the Federal Reserve raised interest rates, Bitcoin plummeted to 28,000, and their accounts shrank by more than half, while I used the freed-up funds to buy ETH at the low point, making a 300% profit. I still have the chat records from that time on my phone — human greed is always the best contrarian indicator in the market.

🔴 Iron Rule 3: Technical indicators are anchors; feelings are poison

Last year, there was a sudden DOGE pump, and everyone in the group was shouting 'Elon Musk is going to promote it', but I was focused on the RSI overbought signal on the 15-minute K-line. A newbie told me, 'Bro, this wave is definitely going to 1 USD, hurry and go all in!' I didn't listen; instead, I sold all my altcoins. Three days later, DOGE plummeted from 0.15 USD to 0.03 USD; that newbie not only lost all his principal but also owed the platform 50,000. Later I summarized: in the crypto world, the phrase 'I think' is worth negative ten million.

[Those survival unwritten rules not found in textbooks]

  • ✅ Principal Red Line: Always use money you can afford to lose and still sleep well
    I have seen too many people sell their houses to trade crypto, only to end up sleeping under bridges. My principle is: the principal must be idle money that won't be needed for three years; even if I lose it all, it won't affect my mortgage or my child's formula money.

  • ✅ Position Password: The 333 principle is better than going all in
    30% mainstream coins (BTC+ETH) for risk resistance, 30% potential coins (like ARB) for profit, 30% stablecoins for opportunities, 10% cash for emergencies. Don’t believe in 'going all in for financial freedom'; that's the epitaph of a gambler.

  • ✅ Psychological First Aid: Run when down 5%
    Once, I consecutively hit stop-loss three times and got so angry that I wanted to smash my computer. Later, I developed the habit: whenever my daily loss exceeds 5%, I immediately close the software and run 5 kilometers. Only when I've sweated enough will my rationality return — in the crypto world, emotions are the sharpest scythes.

[On my 35th birthday, I deleted all 'Get Rich Fast' groups]

Now, I no longer pursue 'hundredfold coins'; instead, I enjoy studying Federal Reserve policies and on-chain data. Last month on my birthday, I left over 50 crypto groups on my phone and kept only a technical analysis group. Looking at the eight-figure assets in my account, I suddenly understood: the most precious thing in the crypto world is not money, but the ability to stay true to oneself amid the storms.


Lastly, I want to share a saying with everyone:
"It's not hard to survive in the crypto world; what’s hard is to outlast others. When others are celebrating in a bull market, you need to learn to stockpile food for a bear market — because the true experts are not the ones who make the most money, but the ones who lose the least."

#币安Alpha上新 #加密市场回调 $BTC $ETH