10 Years in the Cryptocurrency World: From 50,000 to 28 Million, I've Faced More Pitfalls Than You Can Imagine
Brothers, I sincerely advise you, don’t think that getting rich in cryptocurrency is a thrilling drama; it’s more like an ongoing life-and-death game.
I have been in the cryptocurrency world for over 10 years, starting with a capital of 50,000, once earning up to 11 million, then going into debt of 3 million, later rising to 20 million, and now finally achieving financial freedom. In just the last two years, I turned less than 500,000 in capital into a return of 418134.86%, with my account growing to over 28 million.
The wrong paths and lessons I’ve walked may be the pitfalls you are about to face as newcomers, so today I won’t speak of grand principles, just some practical advice.
Three Levels of Snowballing
First Level: 10-20 USDT Stage
Only trade during lunch breaks and at 2 AM; don’t ask why, the market makers are human too, they need to eat and sleep, and those two time points are the easiest to catch fluctuations.
Second Level: Breaking Through the 50 USDT Barrier
Divide your capital into two parts: red for continuing to trade contracts and blue for simply buying Dogecoin and storing it in a cold wallet. Don’t underestimate MEME coins; I once sent a 131.4 red envelope in Dogecoin to an online dating partner, which unexpectedly became a turning point.
Third Level: Hitting the 100 USDT Life-and-Death Line
At this stage, you need to learn to “nurture a gu.” Open three exchange accounts, each with 30 USDT, and go all in; the account that survives is your chosen one.
Advanced Strategy (Practical Principles)
Start with 1,000 (about 140 USDT), the optimal solution is still contracts. Each time with 30 USDT, bet on hot coins, strictly take profits and cut losses, with a maximum of three chances. If you get through the three levels, your capital can roll up to 1,100 USDT.
Three Strategies Running in Parallel:
Ultra-Short Trades: Quick in and out, 15-minute timeframe, only trade Bitcoin and Ethereum.
Strategic Trades: Small positions with 10x leverage, on a 4-hour timeframe, save the profits, and invest weekly in Bitcoin.
Trend Trades: Medium to long-term, find the right entry point, take big profits, and ensure the risk-reward ratio is favorable.
The truth in the cryptocurrency world is: making money relies on execution, and survival depends on loss-cutting ability. Luck can help you temporarily, but those who survive are always the ones who engrave the rules into their bones.
I could go from 50,000 to 28 million, not because of talent, but because I’ve died too many times. I sincerely hope that those who read this can take fewer detours.