My Cryptocurrency Comeback: From Newbie Losing Everything to Earning 300,000
Step 1: Taste Success, But Don't Mistake Luck for Skill
In the summer of 2023, I saw a classmate flaunting a screenshot of earning 100,000 from Bitcoin, and I couldn't resist, so I bought 5,000 yuan worth of Dogecoin. Three days later, a tweet from Musk made it surge by 50%, and I netted 2,500 yuan.
✅ Insight: In a bull market, even fools can make money, but don't mistake luck for skill.
Step 2: Impulsive Increase = Total Loss**
Having tasted success, my confidence skyrocketed, and I threw 200,000 into a so-called 'hundredfold return' altcoin. As a result, it plummeted 90% right after launch, leaving me with only 20,000, and I spent sleepless nights.
💡 Lesson: Shitcoins = Gambling, 99% go to zero; never believe in 'guaranteed profits' nonsense.
Step 3: Learn Strategies, Build Practical Systems
After losing everything, I joined a community and systematically learned candlestick patterns and position management. My mentor reminded me:
In a bull market, you earn β returns, but in a bear market, you earn α returns.
Practical Strategies:
1. Only play mainstream coins: BTC/ETH, invest remaining capital regularly, 500 yuan each week.
2. Follow the big players: Track whale wallets through on-chain data, and follow their buys within 3 days.
Step 4: Accurately Buy the Dip, Make a Comeback
In January 2024, Bitcoin plummeted to 38,000 dollars, and the community monitored Grayscale's large-scale purchases. I mortgaged my watch to add 30,000 in capital, going all in at 40,000 dollars. Three months later, the bull market resumed, Bitcoin broke through 60,000 dollars, and I sold everything, turning my assets to 300,000!
Ultimate Mindset:
When others are fearful, I am greedy, but it must be backed by data.
Set stop-losses for every trade; if it drops by 10%, cut losses immediately.
Epilogue: Advice for Newbies
Invest with money you can afford to lose; mainstream coins are the wife, altcoins are the mistress, and always keep some USDT for market crashes.
Daily Watch: EDU BERA DIA HAEDAL NTRN
