At 3 AM, I cleared out my last Ethereum. The account balance froze at 20.02 million.
Outside, dawn was breaking, and the horizon was tinged with a pale light. I lit a cigarette by the window, and the silver reflection on the cigarette pack revealed the fine wrinkles at the corners of my eyes.
In that moment, in a daze, it was as if I saw myself eight years ago, huddled in a rented room, eating instant noodles and staring at the K-line.
One, starting with 50,000, eating instant noodles to buy Bitcoin
In 2015, I bought Bitcoin for the first time; I was 26 that year and had only 50,000 yuan, all my savings from three years of working.
At that time, the price dropped from 8,000 yuan to 2,000 yuan, and the forums were filled with voices saying 'scam' and 'runaway.'
I gritted my teeth and went all in. Three months later, it rose back to 3,800 yuan, and I panicked and quickly sold, making 8,000 yuan, which I used to buy a computer.
That was my first time making money, and the first time I felt that the crypto world could burn away a person's rationality.
Two, ICO bubble, learn to stop the bleeding without losing your life.
During the ICO craze of 2017, I frantically jumped into seven or eight new projects, one of which claimed to 'rewrite quantum communication with blockchain,' and it plummeted 90% within three days of launch.
I sat in front of the computer, watching my assets collapse like a waterfall, with only one voice in my heart: It's over, all over.
That night, I understood a truth:
Trading coins is not about who makes money faster; it's about who survives longer.
Since then, I stopped chasing trends and summarized five survival rules.
Three, the five iron rules for survival
1️⃣ Only use spare money
I never borrow money to trade coins; there is always enough cash in my account to support my family's living expenses for three years. The bull and bear market in the crypto world is meant for those who can withstand everyday life.
2️⃣ Never touch leverage
On March 12, 2020, the black swan arrived. A friend with 10x leverage had millions in the morning but was heavily in debt by the afternoon. I will always remember him crying on the phone saying, 'Brother, I've lost everything.'
3️⃣ Diversified allocation, control the ratio
70% mainstream coins, 20% potential coins, 10% cash. I've used this position model for ten years without breaking it.
4️⃣ Take profits, don't easily cut losses
As long as the fundamentals haven't changed, don't easily cut losses even in a deep pullback. In the 2018 bear market, my Litecoin lost 60%, but I gritted my teeth and dollar-cost averaged, and only then did I endure until the next bull market doubled my investment.
5️⃣ Don't let emotions go overboard
I won't go all in because of a surge, nor will I panic because of a short-term drop. Greed and fear are the biggest landmines in the crypto world.
Four, that night, the community security guard and I talked about Dogecoin
In 2021, when Musk promoted Dogecoin, the security guard in the community asked me at the elevator: 'Bro, can we still buy this coin?'
On his phone, the K-line was rising like a rocket. At that moment, I fell silent because I saw my ten years younger self.
We all once thought we could catch every wave and beat the entire market.
But the reality is: when it rises, we are reluctant to sell, and when it falls, we dare not average down; in the end, we hold nothing.
The crypto world taught me that when the tide goes out, the ones swimming naked are the first to be cut by the rocks.
Five, this is not the end; it’s just that fewer and fewer people are surviving.
Now, I have over 30 million in my account, but I look at the market less and less.
Because I understand that the real opponent in the crypto world is not the market, but myself.
It’s about whether you can resist greed, whether you can withstand fear, and whether you can control your hands.
Don't mythologize anyone, nor mythologize any coin.
This market has never had miracles, only one veteran after another who survived.
If you are still in the crypto world and really want to make money, don't rush; first, learn to survive.
Don't think about bottom fishing every day, going all in, or getting rich quickly; first, learn how not to get washed out.
When you've endured enough time, what you've gained is not just money but a set of trading philosophy that belongs to you.
May you and I, in the next bull market, meet again not with 'Are you still here?' but with 'You have become a legend.'
#以太坊十周年 #币安HODLer空投TREE #ETH重返3800
