To put it simply, my history with Binance hasn't seen the same level of volatility as others!
In summary, it's 10 words: Account Opening, Deposit, Liquidation, Repeat, Lie Flat.
Memories are also a double-edged sword; I really don't want to write about what I've experienced on my journey with Binance.
I remember the first time I heard about the crypto world was from a classmate. At that time, I didn't understand what currency was or what decentralization meant; I just felt that this thing was very volatile, fundamentally different from stocks. My classmate said: Learn by doing, let's take action first!
Account Opening:
So, I mindlessly downloaded a cryptocurrency exchange in my life—Binance!
Deposit:
He taught me how to download and operate, and it was also the first time I deposited 5000 dollars with a skeptical attitude to try it out. In the following days, watching the market, looking at projects, reading white papers, and brushing news became my daily routine. I opened the Binance app more often than I opened WeChat. At that time, I just wanted to rely on technology to catch a wave in the bull market, doubling my account to prove that I could make money in the crypto world.
Liquidation:
Later I realized how naive and unrealistic I was at that time. I was daydreaming, only daring to play spot trading at first, buying my first coin ETH with 5000 dollars, making 500 dollars and running away. At first, I remembered that the essence of finance is to prioritize capital first and everything else second. But human greed knows no bounds, and later I developed a contract addiction. To be honest, contracts can be addictive! My first contract liquidation was because the leverage was too high, 75 times. Watching my account balance go to zero, my heart was racing, my hands were shaking, and I instantly lost the 5000 dollars I put into the crypto world and the 10,000 dollars I earned from spot trading! This fear is not about how much money I lost, but a physiological fear, and also a fear of insufficient understanding of the crypto world deeply engulfed me. From that day on, I didn't trade for a week, and even deleted the Binance app, telling myself I would never play again!
But there are always a few people around you who will constantly provide crypto insights, saying someone made a fortune with Dogecoin, and that they became financially free through contracts in a wave of the bull market. I couldn’t help but download the Binance app again! Because I found that the crypto world is indeed a very attractive place. Once you enter, the chances of getting out are slim because too many fantasies are enticing you.
Repeat:
After the last tuition, I concluded that I absolutely cannot open high-leverage positions, at most 3-5 times! But I still can't avoid the fate of liquidation. Deposit, liquidation, then deposit again, then liquidation, repeating the cycle. The '312 519 Three Swords Capital Lightning Storm' combined with FTX has made me almost a victim. It seems that I opened low-leverage positions, but I still got liquidated. I almost doubted whether I was cut out for trading!
Until I met a senior brother who woke me up. It's not that I'm not suited for trading, but that I mostly relied on feelings for trading without systematic operation, which is why I had so many liquidations. The sooner I step on these pits, the better, as it's a form of tuition!
Binance has also become the place where I grew the fastest. From initially relying on feelings and high leverage, I slowly learned low leverage, developed my own trading plan, and trading system, learned to wait, and absolutely do not operate on incomprehensible markets! Each lesson has been fed to me with real money, and I summarize and review every loss and profit. Now, as long as I operate, I will summarize and review! This is also a good habit that the crypto world has instilled in me, teaching me that 'waiting is also a form of trading,' and not letting emotions control myself!
Laying flat:
Many people I know have had similar experiences in Binance life.
Some people made a fortune in the bull market, but if they didn't hold on, they eventually gave it all back.
Some people bought BNB early and have held it until now, going from dozens of dollars to over 1000 dollars. They have now laid flat, living a life of eating and taking. Others became rich overnight and exited this circle, never to be seen again.
Nothing is surprising in the crypto world because I've seen too much and am already numb to it. Most of the time, it’s loneliness and torment! Only those who have experienced it can understand.
After experiencing so much, I slowly understood that this is a game of racing against time. It’s not about who made how much today, but about who lives longer. Sometimes, holding onto capital is harder than trading itself!
Binance has made me lose a lot, but it has also helped me grow a lot. I am no longer pursuing the dream of getting rich overnight, nor do I believe that luck will suddenly strike me.
Now, I have 'laid flat' not by lying around doing nothing, but by not blindly chasing, not being emotional, and not fantasizing. I have developed my own system, and my goal is steady and sustainable profits.
Binance life is also a kind of practice for me. From fantasy to multiple liquidations and sleepless nights, I finally woke up as if I had made a certain decision and never looked back!
I don't know where Binance will go in the future, nor where the upper limit will be. Recently, the FUD against Binance has not stopped. It's okay; I still keep 20% of my funds playing on CEX Binance, using Binance for new listings, wealth management, and trading!
Currently, most of the time I just quietly watch, not anxious or impatient, just trying to keep profits while minimizing losses!
The end of the crypto world is not financial freedom, but freedom of mindset.
This is my Binance life. There are no experiences of becoming rich overnight, nor any great stories. All there is is an ordinary person experiencing the vicissitudes of life in the crypto world, moving from emotional to rational, and from rational to peace! — Thank you for the Binance life #币安人生
