No one believed I could turn 100,000 from loans into 7 million in the crypto world. To be honest, when I borrowed money to jump in back then, relatives and friends called me crazy: "Speculating on air? In the end, you’ll lose everything!" But I gritted my teeth and persisted. Over these 2555 days, it has been like a roller coaster: there were times I almost went bankrupt, times I watched profits halved, and also moments when my account numbers suddenly increased by hundreds of thousands overnight. In those years, I’ve stumbled into countless pitfalls, and the 'tuition' I've paid is at least 500,000. But it is precisely these pitfalls that helped me understand the ropes of the crypto world, grasping the true laws of survival.
Many people ask me: what exactly allowed me to turn 100,000 into 7 million? I want to say, the secret isn’t that profound; it’s simply about whether you can control yourself, see through human nature, and endure the darkness. Today, I’m writing down the 6 iron rules that I earned through blood and tears. Each one was paid for with real money. If you can truly understand even one of them, you can save at least 50,000 in 'tuition'.
The six iron rules of the judge, make sure to remember them:
Don't panic sell during rapid rises and slow drops: After a sharp increase in price, don’t rush to cut losses. This is mostly a ploy by the operators; the real danger is the “guillotine” after a sharp rise.
Don't be impulsive during sharp drops and slow rebounds: After a waterfall decline, don’t think about bottom fishing; that’s the operators offloading, the final fake rebound is designed to trap the overly clever.
Don’t be afraid of high volumes at high prices, run away fast when volumes die at high prices: If there’s volume during a surge, it can still rise; if trading goes silent at a high, leave immediately.
Don’t get excited by unusual movements at the bottom; sustained volume is the signal: A sudden spike in volume after a long decline is mostly a false move; only if there’s continuous volume after a period of low volatility is it a sign of building a position.
Trading crypto is about understanding human emotions; don’t confuse volume with price: Trading volume is a barometer of emotions, price is just a follower.
The word “no” is the highest level: No obsession, so you can wait for the best opportunity; no greed, don’t chase highs; no fear, dare to bottom fish. With a steady mindset, you can find your footing.
The crypto world never lacks opportunities; what’s missing is a brain that can see through the essence, and hands that can restrain impulses. What you need is for someone to hold up a lamp, illuminating a path for you, so you don’t step into the same pit again. As long as you reach out, someone can pull you ashore, the little knife is always there!