At the beginning of 2023, I entered the cryptocurrency market with a mindset of experimentation, investing 1000 dollars. At that time, I knew very little about this field, only recognizing the names Bitcoin and Ethereum. Who would have thought that eighteen months later, my account balance would exceed 100,000 dollars.

Initial Stage: Learning and Experimentation

In the initial month, I was studying the basics almost every day: what is blockchain, how to choose an exchange, how to read candlestick charts. I realized that 1000 dollars was too little as principal and I had to be cautious in my selections.

I decided to diversify my funds into three mid to small-cap tokens that I believed had potential, investing 300 dollars in each and leaving 100 dollars as flexible funds. During this stage, I experienced my first major lesson—one of the projects turned out to be a scam, and its coin price nearly dropped to zero.

Turning Point: Seizing Market Trends

In the summer of 2023, I noticed a certain emerging blockchain project starting to gain attention. After thoroughly researching its technical white paper and team background, I invested the remaining $700 at a price of $0.4.

In the next three months, this token steadily rose to the $2 position. I wasn't in a hurry to sell; instead, I set a stop-loss point and closely monitored the project's development. When the price broke through $5, I sold one-third of my position, recovering all of my initial investment and allowing the remaining portion to continue growing.

Strategy Adjustment and Risk Management

As my funds grew to $8,000, I began to pay more attention to risk management. I established clear rules: no single investment should exceed 20% of total funds, set automatic stop-loss orders, and regularly withdraw profits.

I learned not to be driven by FOMO (Fear of Missing Out) and not to be influenced by market panic. When a certain token is wildly promoted on social media, it is often when I consider reducing my position.

Major Breakthroughs and Final Achievements

The real turning point came from the market recovery in early 2024. A DeFi project I had been optimistic about suddenly exploded, increasing 20 times from my buy-in price. This success pushed my account over the $50,000 mark.

Subsequently, I became more cautious, transferring the majority of my funds to mainstream coins like Bitcoin and Ethereum, while using a small portion of my funds to continue exploring new opportunities. By mid-2024, through a few precise swing trades and a long-term holding strategy, my account finally broke through $100,000.

Experience and Reflection

This journey taught me:

• Knowledge reserve is more important than blindly following orders

• Emotional management is key to investment success

• Risk control should always be a priority

• Do not put all your eggs in one basket, but also do not over-diversify

The cryptocurrency market is full of opportunities but also fraught with risks. My success involves elements of research and analysis, as well as market opportunities. Importantly, I only invested funds that I could afford to lose completely, and I always maintained a clear mind.

Please note: This article is merely a personal experience sharing and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors may face the risk of losing all of their principal. Please make careful decisions based on your own situation. ##永续合约DEX赛道之争