I am 28 years old this year, a post-90s generation, from Hunan, and can be considered an “old hand” in the cryptocurrency world with many years of experience. The term “old” refers not only to my experience but also to my age—there are already people born in the 2000s with accounts worth tens of millions in this circle. Like Liangxi, experienced traders know that during the crash on March 12, he seized the trend and turned 2,000 yuan into over ten million in a year. However, his personality is too impulsive, and it's still hard to explain now.
When I entered the market years ago, I only had 100,000 yuan; now my account balance has surpassed 15 million. The essence of the cryptocurrency world is a playground of emotions, and most people are just tourists following the crowd. If you can control your temperament, this place is a treasure trove.
To really make money in the cryptocurrency world, there are a few key points:
1. Do not be greedy for small profits, and do not take catastrophic risks.
These 12 characters are very simple, but 80% of people can’t get past this in their lifetime. For example, if you open a long position at $75,000 and hastily take profits at $76,000 for a 5% gain, only for the market to soar to $120,000, you only nibble at the edges. Next time you learn your lesson, and when the price returns to $75,000, you open a long again, but when it hits $76,000, you stubbornly hold on, only for it to drop back to $70,000 or even $68,000, forcing you to cut your losses. Many people find themselves caught in this vicious cycle of being slapped in the face repeatedly, unable to break free.
2. Focus on mainstream coins that have dropped significantly and are slowly recovering.
Do not touch flashy new coins. First, use 10% of your position to build a base, and wait for it to stabilize before taking action. This method may seem clumsy, but it is the most reliable.
3. After the trend is clear, add 20%-30% to your position.
Many people always want to catch the very bottom; I prefer to wait until the trend is established before adding more, even if the price is slightly higher, it is much better than being trapped in mid-air.
4. After each wave of increases, first withdraw your principal and half of the profits.
Let the remaining position fluctuate as it pleases; no matter how crazy the market gets, when it reaches the line you’ve drawn, take action, never be greedy for even a penny more. Money that lands in your pocket is what counts as real profit.
With this approach, this year I helped a friend who had previously lost over 600,000 yuan; within six months, not only did he recover his losses, but he also had enough to buy a family car.
There are many smart people in the cryptocurrency world, but what’s lacking are the “real ones” who can control their hands and keep their cool. When everyone else is chasing highs and selling lows, you can actually follow the trend and pick up the chips that others panic and throw away.