Realization after a 6 million loss: 10 iron rules for survival in the crypto world, where staying alive is more important than intelligence.
On the day my account shrank from 6 million to just 43,000 USDT, I locked myself in my room for three days. It wasn't about the money; it was suddenly understanding: the crypto world is never about who sees it clearly, but who survives longer. Those who always think about 'making a big profit' 80% end up failing due to the words 'bottom fishing', 'faith', and 'waiting for a reversal'. These 10 iron rules are my lifeline bought with 6 million. Now I read them every day and have never blown up my position again — First, small funds should not talk about value investing; surviving is more important than 'faith'. In 2021, I bought a certain 'public chain coin' bottoming out with 150,000 USDT, firmly believing in 'long-term value', and it plummeted from $8 to $0.3. Later I understood:
Just moved over from OKEx, felt that it was too volatile over there, can you tell me what leverage you all use for BTC contracts? Do you have any advice on my 30x leverage?