Cryptocurrency Comeback: From Thousands to Tens of Thousands, the Two Paths I've Walked
The cryptocurrency world is like a casino, but different—some people go to zero overnight, while others multiply their investment tenfold in six months. Today, I won't share motivational quotes, just the pitfalls I've encountered and the comebacks I've made.
First Strategy: Chase Tenfold Coins
Simply put, it's about finding those 'monster coins' that can rise from 1 dollar to 10 dollars. If you catch three of these in a row, your 1,000 can turn into 1,000,000.
How to find them?
Focus on projects with disruptive technology
Teams with a large user base, active community, and real products
Don't go all in at once; divide into many small positions and gradually increase
It sounds great, but the reality is—tenfold coins are as hard to find as a needle in a haystack. With information asymmetry and black swan events, even seasoned investors can miss out.
Second Strategy: Rolling Positions for Leverage
This strategy requires more patience. After a market crash leads to sideways movement, sudden breakout signs may indicate an upcoming trend.
My personal principles:
Be decisive in the early stages of a trend, only go long, never short
With a capital of 50,000, start with just 10% (5,000) for the position
Set a 2% stop loss; if it loses, exit, never hold on stubbornly
If the trend is right, increase the position by 10% with each rise
For example, opening a long position in Bitcoin at 10,000 dollars with 10x leverage is effectively 1x risk because you’re only using a small margin. If it rises to 11,000, keep adding to the position while maintaining the stop loss. This way, if you're wrong, you may only lose 2%, but if you're right, you can snowball your gains.
But remember
No matter the strategy, the cryptocurrency world is a high-volatility zone, and black swans are always flying. Leverage is a double-edged sword—doubling your speed can be just as quick as going to zero. Even with a stop loss, if the market spikes, you could get 'liquidated' instantly.
So, whether you're trying to catch tenfold coins or play rolling positions, the core message is: don't be greedy, don't go all in, and stay alive for the next opportunity.