38-Year-Old Wenzhou Man Settles in Singapore: From 300,000 to Over 100 Million, I Survived 10 Years in the Crypto World with 6 'Simple Methods' and Learned to Understand and Minimize Losses on a Property

There are always people in the circle saying I 'don't live like a crypto person'—38 years old, from Wenzhou, Zhejiang, now living in Singapore, holding long positions in 5 mainstream coins, with a seafront property in Sanya and Phuket, spending my days either watching K-lines or fishing by the sea.

They laugh at me for being 'simple': while others rely on insider information and 10x leverage to chase the hot spots, I have stuck to a 'simple method' for ten years; while others watch the market and trade contracts every day, I can hold a position for half a year without moving it. Yet this method, which peers mock as 'outdated,' has allowed me to roll my 300,000 principal into over a hundred million in assets, without suffering major losses in a bear market, and without missing out on big profits in a bull market.

Today, I am sharing the bloody path I walked over these 2190 days (equivalent to 6 years, during which I lay flat in cash for 4 years during the bear market)—these 6 iron rules each come with lessons worth their weight in gold. Understanding one can help you preserve a property in a bear market; following three rules means you can already shed 95% of the chasing and killing retail investors.

First rule: the longer the sideways movement, the more explosive the breakout, but one wrong step at the 'breakout point' can turn it upside down.

'This coin has been trading sideways for three months, stagnant water, hurry and cut losses to switch to hot spots!'—I can hear this phrase 800 times a year, but every time I hear it, I just want to laugh.

Sideways movement in the crypto world is never 'no market,' it's both sides 'arm wrestling' in a box; no one is willing to back down. In 2019, I held a coin called ADA, which traded sideways between 0.04-0.05 dollars for 47 days, with daily trading volume pitifully low, while people in the group constantly cursed it as 'junk coin.' However, I observed on-chain data and saw institutional addresses quietly accumulating, with the chips becoming more concentrated.

On the morning of the 48th day, a sudden big bullish candle broke through 0.05 dollars, with a trading volume three times that of the previous day—this is the 'breakout point!' I immediately added to my position, and over the next 15 days, it rose directly to 0.12 dollars, more than doubling.

But remember: in a sideways market, you need to watch the 'volume.' A breakout with increased volume at the upper edge is a real activation (for example, if the daily trading volume is 50 million during a sideways market and suddenly spikes to 200 million on breakout day); if it drops below the lower edge without volume, it means the main players are 'secretly suppressing the market,' like LUNA in 2022, which traded sideways for 20 days between 80-100 dollars. When it broke below 80 dollars without volume, I advised people around me to run quickly, and you all know what happened later.

Second rule: a sharp rise with a long upper shadow is not a piece of meat but a fish hook; take a bite and you'll be dragged away.

'Wow! XX coin skyrocketed 20%, hurry and buy!'—How many people have stumbled because of this 'soaring bullish candle'?

I suffered a loss once in 2018. At that time, EOS suddenly surged with a big bullish candle, jumping from 10 dollars to 14 dollars, looking like it was about to take off; I impulsively jumped in. As a result, the candle closed, dragging a long upper shadow of 3 dollars (highest point 14 dollars, close at 11 dollars), like a 'meteor hammer.' The next day it opened low, and I lost 150,000.

Only later did I understand: this 'sharp rise with a long upper shadow' is the main players 'dumping stocks at high prices.' They first use large capital to push prices up, attracting retail investors to chase the rise, and then secretly sell their holdings to you, causing the price to drop by the close, leaving the upper shadow as the 'trapped positions.'

What's fiercer is the 'three hammers confirming'—if this 'meteor line' appears three times in a row, no matter how it bounces afterward, it's all a trap to entice buyers. For example, a certain altcoin last year had three long upper shadows within a month, and each time someone thought 'this time it's a real breakout,' but it eventually fell from 8 dollars to 2 dollars, trapping a bunch of people.

Third rule: the 'three white soldiers' in a bear market are 90% bait drawn by the main players; don’t treat them as a lifeline.

When you see three small bullish candles during a decline, don't you think 'it's about to rebound'? Let me tell you: the 'three white soldiers' in a bear market are mostly just a 'flash in the pan.'

In the bear market of 2022, BTC dropped from 60,000 dollars to 30,000 dollars, during which there was a 'three white soldiers' pattern, with three consecutive days of slight increases, and the group was full of cheers for 'buying the dip.' I was watching MACD, and although the green bars shortened, the trading volume didn't increase, a typical 'false rebound.' As a result, on the fourth day, a big bearish candle smashed through 30,000 dollars, trapping all those who bought the dip.

What is a real bottom signal? It must be 'green bars shortening + shrinking doji.' For example, in early 2023, when ETH dropped to 1180 dollars, it formed three consecutive dojis (with price changes less than 1%), and the trading volume shrank to half of the usual level; this was the appearance of a 'complete drop.' Later, ETH rose all the way to 2100 dollars, and I made over 4 million on this wave.

Fourth rule: a sudden tenfold increase in trading volume? Don't rush to get excited; the main players are 'putting on a show' for you.

If the regular daily trading volume is 50 million, and suddenly one day it spikes to 500 million, this isn't 'the opportunity has come,' it's the main players 'trading against themselves'—left hand selling to the right hand, creating a false appearance of 'active trading.'

In 2021, there was an altcoin that I remember clearly, called XXX (to avoid advertising suspicion), usually no one paid attention to it, but suddenly one day the trading volume increased 15 times, rising from 0.3 dollars to 0.5 dollars. People in the group shouted 'institutions are entering,' and a large number of people rushed in. The next day, it directly hit the limit down, and then it continued to drop for 10 days; the main players had already used the 'increased volume' to sell off their holdings.

In such situations, remember my words: watch more, act less, and wait until it's done stirring. The main players' performance always has an end; wait until the trading volume returns to normal levels before entering the market. It's better to earn a little less than to become the 'bag holder.'

Fifth rule: Trading coins isn't about guessing price movements, it's about calculating the 'profit-loss ratio.' This is the real secret to 'guaranteed profit.'

'How high can this coin go?'—Beginners always ask this, but veterans are calculating 'if it drops, what is my maximum loss.'

Before I place an order, I always do one thing: calculate the profit-loss ratio. For example, when buying BTC, I will set a stop-loss level (like running if it drops 5%), and then set a take-profit level (like selling if it rises 15%), with a 15%:5%=3:1 ratio that is worth making. If the take-profit can only reach 10% while the stop-loss is 5%, then I would rather not make the trade.

After the sharp drop on March 12, 2020, when I bought ETH, I set my stop loss at 180 dollars (the price at that time was 200 dollars, maximum loss of 10%), and my take profit at 280 dollars (40% profit), with a profit-loss ratio of 4:1, I decisively entered. Later, when ETH rose to 290 dollars, I took profit at 280 dollars, earning 38%.

Over time, you'll find: losing less is gaining. Out of 10 trades, even if 5 are wrong, as long as the profit-loss ratio of the 5 right trades is high enough, you still make a profit overall. Those who think every day about 'buying at the lowest and selling at the highest' end up becoming the 'ATM' of the market.

Sixth rule: 'Waiting' is the highest level in the crypto world; those who can control their hands are already making a lot of money.

The crypto world is not lacking in opportunity but is severely lacking in 'patience to wait for opportunities.' In my 10 years, I've spent at least half the time 'waiting'—waiting for trends to clarify, waiting for signals to confirm, waiting for others to panic.

In the bear market of 2018, I stayed in cash for 8 months, watching people around me buy the dip halfway up and lose so much they cried out for help, but I didn't budge. Until April 2019, when BTC stabilized at 4,000 dollars and the 20-day moving average turned upward, I finally entered the market, and made 3 times my investment on that wave.

During the collapse of LUNA in 2022, the market was in a panic; I waited another 3 months until ETH dropped to 880 dollars and showed a 'shrinking doji' before slowly adding to my position. Many people said 'you waited too long and missed out on a lot of profit,' but I know: missed opportunities can come again, lost principal cannot.

90% of losses come from 'not being able to resist'—not being able to hold cash, not being able to chase the rise, and not being able to stop loss. Those who can control their hands are like holding an umbrella and walking slowly in the 'rainy day' of the crypto world, while others are running in the rain, you can steadily pick up the money they drop.

Finally, let me say something heartfelt: the stories of getting rich quickly in the crypto world are just to listen to, but those who can survive for 10 years or 20 years are those who understand 'rhythm.' It's not that you're unlucky, it's that you keep doing the wrong thing at the wrong time—cutting losses during sideways markets, chasing highs during sharp rises, buying dips during declines, and picking up positions during high volume.

Today, I am sharing these 6 iron rules not to get you rich immediately, but so that when you feel impulsive next time, you can remember 'a Wenzhou fellow once said, don't rush.'

Let's talk in the comments: how much did you lose the last time you 'couldn't hold back'? Speak up, and let's take preventive measures together, so next time we can avoid pitfalls. Follow me, and I'll slowly share how I earned two seafront properties in Sanya and Phuket through these 6 iron rules.