6 years in the cryptocurrency world: from ignorance to enlightenment, the survival code I have deciphered
Have you ever fantasized about achieving financial freedom in the mysterious and alluring field of cryptocurrencies with a single precise operation?
Six years ago, I also had such a beautiful dream and dove right in, and it was my 'unreliable' brother who opened this door.
That winter, my brother rushed into the house wrapped in a thick cotton coat, mysteriously pulling out a bank card from his inner pocket, flaunting a balance of 30,000 yuan in a cryptocurrency app.
Although I laughed at him for not being able to distinguish K-lines, I was also 'encouraged' by him to step into the cryptocurrency world with a capital of 10,000.
At first, I was superstitious about technology, staying up late every day studying trend lines and MACD, with my phone gallery filled with K-line screenshots, comparing patterns even during meals. But reality was brutal, losing 4,000 in just half a year.
During a short-term operation, I carefully calculated the entry point, but it fell right after I bought it; later I understood that K-lines are merely 'post-event records' of the market.
Through continuous losses, I gradually explored a few survival disciplines.
When I earned 5,000 for the first time, I immediately withdrew 1,500 to my bank card; when the market corrected, I felt at ease looking at the money in my card, truly understanding the meaning of 'locking in profits'.
Previously, high-frequency trading incurred 2,300 in fees per month, but after reducing operations, the profit actually increased by 30%.
While averaging down, I miscalculated the cost and almost lost my child's formula money, since then I've double-checked every averaging down.
During a major drop, it's even more important to hold on; last year a cryptocurrency plummeted by 30%, and some advised me to buy the dip. I remembered 'there are eighteen layers below the floor', so I didn't buy, and it dropped another 20%.
Once I make a certain amount, I withdraw my capital;
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