Starting Line: The Counterattack of Ordinary People
Ban Mucha was born in 1996 in an ordinary family in southern China. His parents were farmers and the family couldn't even afford a smartphone. He was admitted to university with his diligence and majored in finance, but he had no money for an internship and could only earn a living by working part-time. In 2017, the price of Bitcoin skyrocketed. He accidentally saw this "digital gold" on the Internet and bought his first Bitcoin with 5,000 yuan saved from his part-time job. At that time, he didn't know that this step would change his destiny.
In the early days, like many novices, he chased the rise and sold the fall, and even used 20 times leverage to go all in, but ended up losing everything. He learned from his mistakes and began to study the market and explore his own trading methods. In 2019, he re-entered the market with only 15,000 yuan left. This time, he was determined not to rely on luck, but to make money with wisdom and discipline.
Secrets to making money: The 'sure-win' strategy of low leverage
The core of Banmu Xia's profit lies in low-leverage contract trading. He refuses high-risk 'all-in' strategies, choosing 2-3 times leverage, and sometimes only using 1 time. His strategy is simple yet lethally effective: identify low-risk entry points, patiently wait for market confirmation, and then proceed with small, quick steps.
First bucket of gold: Seizing the Bitcoin rebound
In March 2019, Bitcoin fell to around 3,000, creating panic in the market. Banmu Xia analyzed candlesticks and noticed the price hovering near the moving average support level with shrinking volume, possibly signaling a bottom. With a capital of 15,000, he opened a long position with 2 times leverage, effectively putting in a position worth 30,000. Two months later, Bitcoin rose to 8,000, and his account increased fivefold, earning him 75,000 yuan. This success boosted his confidence and validated his low-risk strategy.
Amplifying wealth: The art of swing trading
With 75,000, he didn't rush to go all in but continued to use swing trading to amplify profits. He liked to use technical analysis tools, such as MACD to judge trend reversals and RSI to confirm overbought or oversold conditions. At the end of 2019, Bitcoin rose from 7,000 to 14,000, and through several short-term swing trades, his funds doubled to 150,000. During the market crash in 2020, he bought at the lows, and by the end of the year, when Bitcoin broke 20,000, his account jumped to 1 million.
Peak wealth: Riding the bullish wave
2021 was Banmu Xia's peak year. Bitcoin soared to 60,000, and he no longer focused solely on BTC but diversified his investments into mainstream coins like ETH and BNB while also capturing hot spots like Dogecoin (DOGE). He maintained low leverage, only using 20%-30% of his position for trades. For example, he used 500,000 to open a long position on ETH with 2 times leverage, rising from 2,000 to 4,000, netting him 1 million. With this 'steady progress' approach, his funds exceeded 50 million by the end of 2021, making him a legend in the crypto space.
Trading philosophy: Money-making rules that ordinary people can learn
Banmu Xia's success is not luck, but rather a method suitable for ordinary traders:
Low leverage, protect principal: He never goes all in, using only 2-3 times leverage or even 1 time, ensuring he doesn't get liquidated. 'Surviving is the key to recovery' is his motto.
Patiently looking for opportunities: He waits for the market to give clear signals, such as moving average golden crosses or MACD turning positive, before entering, avoiding chasing highs and getting stuck.
Introduction to technical analysis: He uses simple candlestick patterns, moving averages, and RSI to identify buy and sell points, avoiding complex indicators, making it learnable for ordinary people.
Diversified trading: He divides his funds into several portions, building positions in batches and taking profits in batches, so even if he misses a big surge, he won't suffer total losses.
Contentment brings happiness: Stop once you reach your target, for example, exiting after a 20%-30% gain, without being greedy.
Thrilling moments: Growing from mistakes
Banmu Xia is not without mistakes. In May 2020, he was bullish on Bitcoin, opened a position but forgot to set a stop-loss, resulting in a market crash of 50%, leading to a liquidation of 500,000 and a loss of 300,000. This lesson made him pay more attention to risk control, and from then on, he set stop-losses for every trade, reminding fans: 'Don't blindly trust anyone; protecting the principal is the most important.'
Legend of retirement: Choices after achieving financial freedom
In 2024, when Banmu Xia announced his retirement, his account reportedly had 50 million yuan. He candidly stated that trading had made him enough money but also brought stress. He chose to leave the market to pursue a peaceful life. His story circulated in the crypto world; some said his wise retreat was commendable, while others marveled at his unmatched discipline.
Inspiration for ordinary traders
Banmu Xia's journey from 10,000 to 50 million tells us: Making money in the crypto space doesn't require genius intellect or large capital. As long as you learn to enter the market with low risk, patiently wait, and strictly set stop-losses, ordinary people can start with small funds and gradually build a snowball. His story is not just a myth of sudden wealth but also a hope for ordinary traders: with solid steps, wealth will come.
