I am 32 years old this year, from Fuzhou, now living in Guangzhou, with two houses, one for my family and one for myself. All of this was earned by me in the cryptocurrency world over eight years.
Starting capital of 300,000, with a minimum drawdown to only 60,000, but I used the dumbest method to grow it to several million.
One of the strongest waves, from a bottom position, yielded a 400x return over four months, making me 20 million directly!
Doesn’t it sound like a joke?
But this is the result of my 2880 days of practical experience.
Here are some real experiences, shared with you:
First, a bull market does not mean you can just pick up gold coins everywhere.
Biting off more than you can chew will leave you with a mess in the end.
My approach has always been: focus on one sector and only eat the main rising wave.
For example, if a particular AI coin explodes, delve into that concept, see who starts first, who catches up, and who is the true leader.
As long as you catch one, you can reap the rewards of a whole wave of profits.
Second, when selecting coins, you must buy new ones and not old ones.
Don't be fooled by the low prices of old coins; most are worthless and just a trap.
The market likes new stories and new expectations; new coins attract attention, while old coins will just empty your wallet.
Third, I don't recommend trading contracts; I really don't recommend it.
I've traded contracts before, even reaching 8 figures at my peak, but I dare not recall how many times I got liquidated.
If you insist on trading contracts, I will just say three things:
Absolutely don't go all-in.
Don't open high leverage (if you exceed 5x, you are playing with fire).
Stop-loss should be as natural as breathing.
Fourth, cycles are ironclad rules.
The cryptocurrency market has a cycle every four years; make sure to clear all altcoins at the end of a bull market!
When you see delivery people and convenience store owners discussing which coin can go tenfold—congratulations, the peak has arrived.
If you don't run away at this time, the bear market will show you the hell of a 90% drawdown.
The truly effective strategies are actually quite 'dumb':
Don't chase trends; what you catch will always be the tail end.
Spend time researching projects that are 'market-recognized but not yet at peak excitement'.
Choose a few promising sectors and pick two coins from each: one stable leader and one with potential for risk-taking.
Always control your position, avoid bear markets, gradually add in bull markets, and clear everything at the end of a bull market.
I've seen too many people make profits in a bull market for a year, only to lose everything in three months during a bear market.
But I'm not that talented; I survived relying on a set of seemingly 'dumb' logic and I'm doing quite well.
If you truly want to treat the cryptocurrency world as a career, don't first ask 'which coin can go tenfold'; first, think about whether you can withstand a 90% drop and still come out alive.
The market doesn't profit from smart people; it survives through a group of people who endure through cycles and stick to the rhythm.
I am just an example.
Not relying on gambling, not relying on insider information, but solely on rhythm.
Keep up with the rhythm; go in when you should and leave when you should, and gradually you too can live a decent life in the cryptocurrency world.
If you are also searching for direction, why not learn my set of 'dumbest strategies'.
It's really not difficult; the hard part is whether you're willing to 'slow down' and not make decisions based on emotions.
The cryptocurrency market lacks opportunities, only lacking people who survive.