Seven years ago, I rushed into the cryptocurrency world with 7000 dollars, my mind filled with thoughts of 'making money quickly'. As a result, I almost lost my underwear — in the end, only 500 dollars remained in my account. At that time, I really wanted to slam the table and quit while staring at the screen. But looking back now, the money in my account has exceeded 3 million. There were no shortcuts on this journey, just experiences gained from falling. Today, I want to share from the bottom of my heart how I climbed out of the pit.
The following 6 points are lessons I learned through real losses, and later I slowly made money relying on them:
Every penny lost is a tuition fee for your lessons.
At first, I just followed the trend blindly; others said, 'This coin is going to skyrocket,' and I impulsively bought in. When I saw it drop, I panicked and quickly sold at a loss, resulting in even greater losses. But later I found that every loss wasn't in vain — for example, I learned 'don't listen to others' empty claims' after losing the first time I followed blindly; I remembered 'don't rush to sell' after my first panic sell at a low point. The market is full of speculative noise; you really have to learn from your losses to avoid bigger pitfalls.
Don't put all your money into one place; diversify your investments for stability.
I made a fatal mistake before: I put all my 7000 dollars into a couple of so-called 'promising' coins, and as a result, two of them collapsed directly, and the money was almost wasted. Now I've learned my lesson; I will spread my investments — for example, invest half in relatively stable mainstream varieties, and divide the rest into several tracks (like technology and practical applications), putting a little in each track. This way, even if one drops, others might still hold up, reducing risk and allowing for more opportunities. To put it bluntly, 'don't put all your eggs in one basket.'
The more you want to earn quickly, the more likely you are to lose; patience is required to make money.
When I first entered the circle, I always thought, 'Buy today, and it will rise tomorrow, double in a week,' but I ended up chasing highs and getting trapped every time. Later, I realized that those who can really make big money in the coin circle are the ones who endure. For example, I bought a coin for payment scenarios three years ago when no one believed in it, but it had something practical. I held onto it without selling. It dropped several times in between, but I didn't sell; now it's multiplied almost 20 times. Don't rush; look for projects with real ability (like solid technology and practical applications), hold on, and wait slowly; time is what helps you make money.
The market changes every day; if you don't learn, you'll be eliminated.
The coin circle is too dynamic; a new rule comes out today, and a new concept emerges tomorrow. If you don’t pay attention for half a year, you might not understand anything. Now I spend an hour every day reading industry news and chatting with a few old friends who have been in the game for five or six years, occasionally watching some courses on technical logic. Don’t think it’s troublesome; for instance, I learned about 'smart contract security' before, which helped me avoid a coin with vulnerabilities, saving me tens of thousands. The more you know, the fewer pitfalls you fall into, and the more money you earn; this market doesn’t support the lazy.
First, set a plan, then take action; once set, don't change it recklessly.
At first, I had no plan at all; I bought when I saw prices rise and panicked when I saw them fall, purely relying on emotion. It's no surprise I lost. Now it's different; before every purchase, I write a simple plan: for example, how much to buy, at what price to stop loss (like sell if it drops 10%, don’t hold on), and at what price to take profit (like sell part if it rises 50%). After setting it, no matter how the market fluctuates, I don’t change it casually — even if I see others' coins skyrocketing, I won’t randomly switch; even if my own coin drops, I’ll sell at the stop loss without the fantasy of 'what if it rebounds.' This way, I won’t be swayed by emotions, and my account can steadily grow.
Actually, there’s no 'secret' from 500 dollars to 3 million; it's all about stepping through pitfalls and learning little by little. The coin circle is hard to navigate; don’t rely on luck; you have to think for yourself and stay calm. These experiences may not be suitable for everyone, but I hope they can help those like me who were once confused by losses — take it slow, find the right methods, and you will eventually make money.
I have been deeply involved in the coin circle (by Military Brother) for 7 years, with short-term speculation revealing true value, and medium to long-term layout having its own rules. I capture optimal trading opportunities accurately, and handpicked information empowers your investment decisions. Choose the right direction, find the right rhythm; here you will find the professional perspective you need.$BTC
