At 28, Xiaofeng was originally an ordinary programmer, burdened with a mortgage and car loan, living on a tight budget. One day, he accidentally stumbled across a blockchain educational video, and with the mindset of 'making some extra money', he decided to try out the crypto market with just 5000 yuan. At first, he bought popular coins like a headless fly, chasing prices up and down, resulting in losing half of his capital, almost giving up.
The turning point came after he joined a technical discussion group. The experts in the group analyzed project codes and on-chain data every day, and explained the logic behind popular concepts. Xiaofeng began to catch up on knowledge: after work each day, he studied white papers, learned to track on-chain address movements, and even self-taught simple smart contract analysis.
In 2023, the AI concept exploded in the crypto market. Xiaofeng discovered a small market cap AI token A, where the team not only had a background from top university AI labs, but the code update frequency far exceeded similar projects, and the community was growing discreetly. He decisively used the remaining 2500 yuan and borrowed 5000 yuan to invest all in at a price of 0.01U. In just half a month, the token rose to 0.05U, and he made a profit of 37,500 yuan, not only repaying his loan but also earning his first bucket of gold.
Having tasted success, Xiaofeng did not blindly chase prices, but instead summarized a set of 'three don't invest' principles:
Do not invest in white papers that are incomprehensible: If you can't understand the technical principles, it indicates the team may be making empty promises;
Do not invest in communities that are all advertisements: A healthy community should have technical discussions, not just calls to buy;
Do not invest in anonymous teams: If they are afraid to reveal their true identities, the risk of them running away is very high.
In 2024, the Layer2 sector exploded, and he used the 'three don't invest' principles to filter project B. This time he was more cautious: he first invested 10% of his profits, and after the project passed an audit by a major exchange, he added an additional 30% of funds. Ultimately, when the token soared 8 times, he decisively exited, and his assets exceeded 500,000 yuan.
Now Xiaofeng often says: 'Making money in the crypto market is like picking up money in a minefield; running fast is not as good as seeing clearly.' He still maintains a daily learning habit, keeps most of his funds in mainstream coins like Bitcoin and Ethereum, and uses a small portion to capture new opportunities, while regularly withdrawing profits to avoid impulsive actions.
Summary of hard-earned experience:
Learning is more important than luck: Rather than listening to rumors, it’s better to understand the white paper yourself; at least you can avoid 80% of the pitfalls;
Small funds for trial and error are a lifesaver: Never gamble with your living expenses; use money you can afford to lose for practice;
Taking profits is harder than cutting losses: Set a 'small goal for getting rich', for example, cash out when you double your investment, don’t let greed consume you;
Stay away from leveraged contracts: That’s a game for professional players; ordinary people are likely to lose everything if they try to play;
Take some profits off the table first: Withdraw some of your earnings, and reinvest the rest; this way your mindset is stable and your decisions are clear.
Remember, there are no perpetual victors in the crypto market; those who can survive and make money are the ones who understand how to be 'cautious'.
Want to double your account, want to enjoy big gains, want to successfully break even
Stay close to @analyst and get ahead of the main bull market wave!#加密市场反弹 #巨鲸JamesWynn动态 #MichaelSaylor暗示增持BTC #比特币2025大会 #美国加征关税
