From 500u to today's 30wu, it took me three years to share my psychological journey through these years in the crypto space.
It took me 3 years to slowly walk from 500u to 30wu. I’ve been liquidated about 10 times, but the crypto world is indeed a place for creating legends. From initially entering with a hundred times leverage to now only daring to use low leverage for trades, I have indeed gone through bloody lessons.
I remember when I first entered the crypto space; a friend recommended I buy some then worthless coins. In just two short days, 600 yuan turned into over 6000 yuan. Since then, I became obsessed with this market. I made about 100,000 yuan by trading spot, and I acquired many Pi coins. Later, when I got into perpetual contracts, that’s when I truly fell in love with the crypto world, but it was also the reason I turned my situation around. At first, I didn’t know how to play, and a few hundred yuan got liquidated within minutes. Later, I paid to find a mentor to guide me, but this mentor wasn’t very reliable either; he led me to lose 50,000 yuan, almost wiping out all my earnings from spot trading. After that, I researched the strategies of great traders online, learned to read candlestick charts, and understood MACD. Gradually, I stopped daring to trade with high leverage, started watching real-time news, and learned to make money based on news events. During the time when Trump issued coins, friends in the group mentioned it, but the price was already at $21. I accumulated 3000 coins in spot trading, and unexpectedly, it soared to a high of $77, but out of greed, I didn’t exit until it was over $40, and I still made a small profit. However, in the crypto world, perhaps turning your situation around might just require one good market wave, haha.
Having said so much, I have cleared my debts, and I still have 200,000 yuan ready to lay back. Haha, to be honest, I used to be a waiter, and today I have over 1 million yuan in cash; now I’m just lying back and collecting airdrops. If you’ve read this far, thank you for being willing to listen to my psychological journey.
