A survivor of the contract battles
Chapter 1: Entering the crypto world, falling into the contract trap
In early 2024, I entered the crypto world with 1000U that I had saved up. At that time, Bitcoin had just broken through 50,000 U, and a friend posted a picture of doubling their contract earnings in a single day, captioned 'One day in crypto is ten years in the real world.' I thought to myself: 'Turning 1000U into 10,000U is only 10 times; if Bitcoin can rise, why can't I?'
After browsing strategies on the Binance forum for three days, I made my first trade - going long on ORDI with 10x leverage. The reason was simple: this coin is a leader in the Bitcoin ecosystem, and Binance had just launched spot trading, with community enthusiasm exploding 45. Sure enough, three days later, ORDI rose from 40U to 60U, and my account balance turned into 1600U.
First lesson: After tasting success, I opened a 20x leverage short position on SOL overnight, but the next day SOL surged 20% due to 'favorable news from Cancun upgrade', and my account was instantly liquidated. Binance customer service coldly reminded me: 'Contracts are risk hedging tools, not casinos.'
Chapter 2: Painful reflection, transforming into a spot sniper
That night after the liquidation, I read a brilliant post on the Binance forum: 'Retail investors die from leverage, survive on spot.' The author, Satoshi, mentioned: 'In a bull market, making money relies on trends; in a bear market, survival relies on position. Contracts are poison, but new assets are the antidote.' 4
I decided to completely give up contracts and focus on researching new assets. In March 2024, the Bitcoin ecosystem exploded, and dark horses frequently appeared in the inscription track. I spent every day in the Binance Research Institute and X (formerly Twitter), filtering out three standards:
Narrative is fresh enough: Must be tied to popular concepts like Bitcoin Layer 2, DA (Data Availability);
Market cap is low enough: Total market cap below 50 million U, avoiding projects dumping at high prices.
Exchange endorsement: Only buy coins listed on Binance and OKX, stay away from small platform Dogecoin 9.
In the end, I chose SATS - a token named after the smallest unit of Bitcoin. On the day SATS was launched on Binance, I bought in fully at a price of 0.00035U. Two weeks later, SATS surged to 0.0012U due to the community consensus around the 'Satoshi Nakamoto cultural symbol', turning 1000U into 3428U.
Chapter 3: Black swans and golden pits
In May 2024, the Federal Reserve suddenly announced a delay in interest rate cuts, and Bitcoin fell 15% in a single day. Amidst market panic, I noticed a post by Binance influencer 'BTCdayu': 'The crash is a touchstone; true leaders will rebound first.'
I compared the decline charts:
Ethereum ecosystem coins: Generally halved, Layer 2 projects were sold off due to stagnation in technological progress;
Solana Meme coins: Liquidity dried up, project teams disappeared collectively;
Bitcoin ecosystem coins: Fell by 20%-30%, but the community is still actively building.
I decisively divided my funds into three parts:
40% to increase my position in SATS: After the crash, the market cap was only 120 million U, compared to ORDI's 1 billion U, leaving room for growth;
30% to ambush RATS: Also in the inscription track, with strong expectations for listing on Binance;
30% to buy TIA at the bottom: Leading modular blockchain, Vitalik once called it a 'threat to Ethereum's dominance' 47.
A month later, RATS was listed on Binance, with a daily increase of 180%; TIA doubled due to favorable news about 'cooperating with EigenLayer'. My account balance exceeded 12,000 U.
Chapter 4: Seize the Meme frenzy, avoid the FOMO trap
By the end of 2024, Meme coins on the Solana chain went crazy, with one coin surging 100 times in a week. The Binance forum was filled with posts about 'getting rich from Dogecoin', but I remembered Satoshi's advice: 'Meme is an emotion amplifier, 99% go to zero, 1% is luck.'
I chose a more prudent path: ambushing new coins on Binance for mining. At that time, Binance had launched PEPE's staking activity, with an annualized return of up to 30%. I invested 50% of my position and used the remaining funds to bottom-fish BONK at 0.0000012U - a Solana ecosystem dog Meme coin.
In March 2025, BONK skyrocketed in popularity due to 'Justin Sun promoting the TRON ecosystem'. On the day Binance announced the listing of BONK spot, the price surged to 0.000015U, yielding a 12x profit; PEPE staking profits combined with the increase in coin price contributed to 8000U in profits. My total account assets exceeded 30,000U.
Chapter 5: Ultimate advice for beginners
Avoid contracts and Dogecoins: Of my 30,000 U profits, contracts contributed -1600 U, while spot contributed 31,600 U;
Only buy Binance-certified assets: 'Hundredfold coins' from small exchanges drop immediately after being listed on Binance, as the operators specially target greedy people 9;
Utilizing platform tools: Binance's 'new coin mining' and 'staking' are low-risk arbitrage tools, far more reliable than rushing to Dogecoin 6;
Focus on narrative cycles: 2024 Bitcoin ecosystem, 2025 RWA (real-world assets) and AI + blockchain are the absolute main lines 74;
Always leave enough bullets: I always keep 20% USDT to pick up chips during a crash, avoiding being fully invested and missing out.
Conclusion
From 1000U to 30,000U, it took me 14 months. There are no shortcuts in crypto, only respect for trends, trust in platforms, and the will to combat human greed. Remember: in Binance, slow is fast, and stability is wealth. Let's encourage all brothers struggling in the bull and bear markets!
(This article only represents personal experience and does not constitute investment advice. The crypto market is risky, operations should be cautious.)
