The Survival Law of 500 Times Returns from the Edge of the Rooftop

When I entered at the end of the 2017 bull market, I held onto the fantasy of All in Bitcoin for financial freedom. The first time I chased BTC at $19,800, when the liquidation text message came in at three in the morning, and I looked at the mere $37 left in my account, I realized that the K-line's fluctuations were not just numbers, but the greed and fear of humanity.

During the prolonged decline of the 2018 bear market, I went all in on EOS with my last 5,000 yuan in principal, firmly believing that the great BM could reverse the trend. When the price fell from $14 to $2, I finished half a pack of cigarettes on the rooftop of the exchange — I later learned that the crash drove 85% of retail investors away from the market forever.

On the day of the 312 crash in 2020, I was stunned to see my USDT balance suddenly double: my short position on ETH unexpectedly earned a fortune in extreme conditions. From that day on, trading profits first exceeded the annual salary of a programmer, and I quit my job to become a professional trader.

The price of freedom is loneliness: at four in the morning, watching the market, only the K-line chart kept me company; during the bull market frenzy, no one understood why I liquidated to hedge against risks. Once, when BTC dropped from $60,000 to $30,000, I warned of risks in the community and was ridiculed as a 'missed opportunity dog', until three months later, those who mocked me stopped showing up.

Before May 19, 2021, I posted three warnings about contract leverage in my friend circle. At two in the morning, my cousin used his mortgage to take a long position with 100 times leverage, and after being liquidated, he cried on the phone saying: Brother, I was wrong. I've seen too many surreal scenes: a big shot with a club model ended up delivering food six months later, and retail investors sold their wedding houses to make margin calls. Behind the transfer of wealth, there has always been the brutal realization of cognitive gaps.

Don't trade cryptocurrencies with your living expenses; when you can't afford to lose, you've already lost.

What's most valuable in the crypto world isn't the hundredfold coins, but the self who is still alive after experiencing three rounds of bull and bear markets! #加密市场回调 #香港加密概念股 #下一任美联储主席人选 #鲍威尔半年度货币政策证词