Hello, brother. Can I be your apprentice? I have been putting my salary into this every month for almost a year now. It's the 15th today, and I'm ready to do it again as I get paid.

In the cryptocurrency world over the past 8 years, an experience of being forced to liquidate at a low point remains a nightmare in my investment career.

On March 12, 2020. I entered the market with 5 million, and the price of Bitcoin plummeted from $7,500, halving overnight to $3,700. I invested everything, and when I woke up, my assets were worth zero. Before this, the stock market and oil prices had crashed, yet the cryptocurrency market was unusually prosperous, with many coins soaring. But on March 12, the storm struck, panic spread, and within a week, my leveraged position at a low was forcibly liquidated, and even close to the bottom, there was nothing I could do to save it.

This heavy blow made me realize: "Never use high leverage!" High leverage is an absolute "minefield" that must not be touched in investing. Since then, I have steered clear of leveraged contracts, fully aware that in this uncertain market, surviving is far more important than making quick money. Black swans can appear at any time; wars, stock market crashes, etc., can trigger severe fluctuations in the cryptocurrency market. A short-term drop of 70-80% in Bitcoin is not surprising, and using leverage can easily lead to liquidation, causing one to miss subsequent market movements. From the perspective of long-term value investing, leverage is the enemy of time, undermining investment stability.

The March 12 incident gave me a painful understanding of this. "No leverage" and "don’t do what you don’t understand"—in the cryptocurrency world, understanding a phrase often comes with enormous costs. Just like the lesson learned from 5 million on March 12, 2020, it made me understand many truths; personal experience is profound, and this kind of experience cannot be taught, only comprehended through the trials of the market.
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