In these years of struggling in the cryptocurrency world, I have seen too many ups and downs, and I have also experienced the struggle from the abyss to the dawn. Today, I want to share my story with friends who are still enduring in the cryptocurrency world, hoping to give you some strength.
In 2017, I accidentally stepped into the cryptocurrency world. At that time, it was the first half of a bull market, and I was like a naive rookie, playing small and not making much money. However, due to my lack of understanding of the market, during the 9.4 policy shock, I lost two-thirds of my funds. I thought I was going to fail here, but in November, the bull market started again. In a moment of impulse, I borrowed 60,000 yuan to gamble on altcoins. By January 2018, my funds surged to 300,000! I really thought life was about to take off, but not long after, Bitcoin plummeted, and in a short time, my money was almost halved. At that time, my monthly salary was only 5,000 yuan, and this loss was comparable to several years' salary. I held on until August, but couldn't take it anymore and had to cut losses, leaving only 80,000. Who would have thought that in December there would be another crash? I hit the Ethereum contract and got liquidated, returning to zero in one night.
Later, I was still unwilling to give up. I cashed out on my credit card and borrowed in various ways, jumping between ONT, Bitcoin, Ethereum, and EOS. I went long on ONT three times, entered at the highest point and watched it fall. I also cashed out from microloans and Baidu finance to average down. When May 19 came, I had to stop loss at 0.87, almost getting liquidated, and ended up with only 40,000. I cried and confessed to my mom; she gave me 250,000 to pay off debts and told me not to gamble. But in just a week, I lost 600,000; how could I accept that? After two months of insomnia, I borrowed again. In July 2021, when Bitcoin hit 41,000, I shorted with 33 times leverage, getting liquidated for 100,000 overnight. But I still didn't stop. When Bitcoin broke 52,000, I borrowed 300,000 to go long with low leverage. I finally managed to recover a bit, clearing my loans and leaving 260,000, but soon I lost again due to bad operations, leaving only 210,000.
I also considered working hard, and when my salary reached 7,000, I vowed not to touch crypto anymore, but I couldn't help but keep checking the market. I borrowed 120,000 to buy the dip on EOS, sold on the rebound, and bought the dip again. I held on until early 2020 to clear my positions, thinking I could settle down, but then came the crash on March 12, 2020, and I bought the dip on EOS again, lying flat until January 2021. The bull market came, and my funds grew to 1.2 million. I cashed out 950,000 for my family and kept 350,000 to continue. But the cryptocurrency world is not easy; I went through various ups and downs, almost getting liquidated several times, and people around me thought I was crazy, pushing myself to the brink.
But I didn't give up on studying. I analyzed the market every day and researched technical indicators like MACD and KDJ, understanding them thoroughly while also keeping an eye on policies and industry dynamics. Finally, in 2023, I waited for the opportunity. The cryptocurrency market began to warm up, and I strategically invested in those promising quality coins without blindly chasing the highs or selling the lows. With precise judgments, I seized several small bull market phases, and my funds gradually recovered. By mid-2024, not only had I regained all my previous losses, but I also managed to double my funds.
Now, I have become a small blogger in the cryptocurrency world, sharing my trading strategies and market analysis. It's not about showing off; it's to tell friends who are still struggling in the cryptocurrency world that it is indeed brutal. However, as long as you are not blind, are willing to learn, and can control your emotions, it is really possible to turn the tide. Don't be crushed by momentary fluctuations, and don't let leverage and contracts cloud your judgment. Stay steady, and we can win!
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