From $400 to $32,000: A Sad Song and Revelation of Mentorship in the Crypto World!
I once dedicated myself to mentoring a brother in the crypto space, starting with a $400 principal and working hard to grow his account balance to $32,000, but the ending was me blocking him.
Those 47 days were a long journey for me, while for him, it was a process from confusion to being lost. When he first entered the crypto world, he had $400, full of ambition but often battered by the market, repeatedly expressing his despair and desire to quit.
On the first day, I had him test the waters with 10% of his capital. He found it too little and grew impatient. I sternly reminded him that this is a long-term battle; although reluctant, he followed through. Three days later, his account grew by 36%. I instructed him to withdraw the profits while maintaining his position, initiating the "profit on profit" strategy.
After that, we studied the market day and night, rehearsing various response strategies, taking profits only from the interest while keeping the principal untouched. He made mistakes, and I forced him to stay up late to review his trades. The account balance grew like a snowball, from $400 to $8,700, and we were full of confidence for the future.
But on the 38th day, he began to feel restless and asked if he could bring others in. On the 44th day, he even secretly went all-in on high-risk altcoins, resulting in a 43% loss of his principal. I questioned him, and he stubbornly insisted on making his own judgments.
On the 47th day, I blocked him. Not because of money, but because he had reverted to being a confused person controlled by gambling addiction, forgetting the principles and discipline.
The crypto world is full of temptations and traps; wanting to turn things around cannot rely on a "one-time bet". It requires grounded effort and adherence to discipline. Having a small principal is not scary; the key is to control impulsive actions and let the profits roll at a steady pace. Whether one can succeed depends on self-discipline and respect for the market. Don’t wait until I have patiently shared my methods, only to fall into the abyss due to greed and impulsiveness.
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