币来财MAX

Ten years of trading coins, from a six-square-meter basement to a floor-to-ceiling window in Lujiazui, I have walked such a path.

In the winter of 2017, the basement in Beijing was bone-chilling cold. The only source of heat in the six-square-meter space was the electric blanket under me.

There were still 126 yuan left in my bank card. During the day I worked as a waiter to save money, and at night I stared at the K-line chart, staying up night after night.

Today, eight years later, I stand on a high floor in Lujiazui, and the number in my account has stopped at over 22 million. This is not a gift from fate but the knowledge I earned through lessons.

1. After a sharp rise, there must be a deep abyss

During the bull market in 2017, I was envious of a certain altcoin that soared 320% in ten days, and on impulse, I invested 80,000. As a result, it plummeted 18% the next day, losing 60,000 within a week.

Later I understood that if a sharp rise of over 30% is followed by a sideways trend for 3 to 5 days and then a volume drop, it is often a signal for the market maker to retreat. I saw this pattern once later and shorted it once.

2. High-level consolidation is not accumulation, it's a trap

In 2019, I held mainstream coins in a sideways trend for two months, thinking I was accumulating momentum, and leveraged to add positions, only to be cut in half.

When a sideways trend lasts more than 20 days, with a turnover rate below 2%, and the price deviates more than 20% from the 20-day line, these three signals appearing simultaneously are highly likely to indicate that the main force is quietly unloading. Now my system automatically reduces positions once it identifies this pattern.

3. The bottom is told by volume, not price

During the sharp drop on "3·12" in 2020, I rushed to catch the bottom of $LINK, only to be deeply trapped. Later I learned that the real bottom is characterized by "consolidation with reduced volume, followed by three consecutive days of mild volume and small upward candles".

Last year when BTC formed this pattern at 25,000, I went all in and exited at 42,000, making a profit of 5.8 million on a single trade.

4. Surviving is more important than making quick profits

The coin circle has never lacked smart people; what it lacks is those who can last long. I never go all in, nor do I touch leverage, only operating with half positions.

I only entered the market when $PEPE broke out with five times the volume, decisively taking profits when the trend broke, ultimately making 12 times while avoiding the subsequent crash.

Ten years of sharpening a sword, the market is changing, but human nature has never changed. Only by holding the bottom line can we go further. On this journey, I am not trading coins, but learning how to reconcile with the market and with myself.

In the past, I stumbled alone in the dark, but now the light is in my hands.

The light is always on; will you follow? @币来财MAX

For ten years of cryptocurrency trading, I've witnessed too many ups and downs, and I've personally guided individuals to turn a few thousand into tens of millions.

Today, I won't discuss abstract concepts, only the survival rules forged through real experience.

I have a 35-year-old brother from Beijing who has been with me for eight years. Since the bear market began in 2017, he turned a capital of 4,000 into over 48 million step by step.

He avoids insider information and doesn't blindly follow trends, relying solely on the few principles I've taught him hand in hand.

He now owns 6 houses and 2 cars, living a clear-headed and low-key life.

Over these ten years, I have summarized six key insights that are more practical than any complex indicators:

When prices rise sharply but fall slowly, it's likely that major players are accumulating shares.

If a correction after a surge is gentle, it indicates that large funds are quietly buying in. Don’t be scared away by daily fluctuations; rhythm is more important than volatility.

When prices fall sharply but rebound weakly, it's time to run.

If a flash crash can't recover, it often means funds are collectively withdrawing. Don’t be greedy and try to catch the bottom; there might still be deeper pits.

Don’t rush to call a top when there’s high volume at a peak.

A spike in volume doesn’t necessarily mean the end; sometimes it's a signal for a sprint. In contrast, a contraction in volume during a sideways trend is a true sign that the market has peaked.

A single instance of volume increase at the bottom doesn't mean stability; only continuous volume increases signify a true bottom.

A single spike in volume can easily be a trap; only sustained accumulation of volume represents a slow build-up of market consensus.

The essence of cryptocurrency trading is trading human emotions.

Behind candlestick charts are emotions, and volume is the mirror of those emotions. No matter how fancy the indicators are, they ultimately return to human nature.

"Nothing" is the highest realm.

Desireless is strong, fearless is clear, and non-attached is long-lasting. Only those who can endure the loneliness of holding cash deserve to reap the full benefits of a bull market.

After ten years in the cryptocurrency sea, I focus on spot and contract strategies for Bitcoin and Ethereum. My team is still open, but spots are limited.

If you truly want to break out of the retail mindset and stand with me from the perspective of the major players, you are welcome to join. I can't guarantee wealth, but I can help you live longer and see more clearly.

Once I stumbled alone in the dark, now I hold the light in my hand.

The light is always shining, will you follow? @币来财MAX

After ten years of trading coins, I think I've figured it out—market makers washing out positions is never about going against you.

The small amount in your account truly cannot catch their eye. They are tossing and turning for the future to pull the coin price to a height that no one dares to imagine.

Years ago, I also cursed the market makers, always feeling that my dozens of coins were being targeted. But after seeing it happen more often, I understood that the essence of washing out positions is "changing chips," not "snatching chips."

Just like playing cards, what the market maker wants is to exchange their small cards for big cards, not to grab your three of a kind.

I remember encountering METIS in 2018, which was a textbook example.

At that time, it fell from $1.2 to $0.9, grinding for a full two months.

Every day in the forums, someone was shouting, "The project is dead," and an old trader I knew sold out at $0.95, thinking they were lucky to get out in time. Later, I found out that the market makers were secretly collecting the chips from retail investors who were selling at a loss.

The most brutal part was the second wave: the coin price suddenly spiked down to $0.7 and then bounced back, causing many technical traders to rush in, drawing double bottom patterns.

As a result, the market makers pushed it down to $0.65, and the forum instantly erupted. A brother in the group sent a desperate voice message: "My principal has been cut in half; I will never touch altcoins again!"—a typical case of being washed out.

But what truly gave me chills was during the panic phase of the third stage. At that time, rumors said the project party withdrew the liquidity, causing the coin price to crash to $0.5.

I watched the community drop from three thousand to three hundred people, even the most loyal supporters sold out. But just when everyone was in despair, the market makers started to act: within three days, the coin price reversed and doubled to $1, forming a massive bullish candlestick.

Guess what happened next? Those who sold at $0.5 didn’t dare to chase the high, while the new entrants had costs above $1.

The market maker's chips became more concentrated, and during the rally, it smoothly rose to $3. That old trader who sold at $0.95 later FOMOed back in at $2.5 and ended up trapped at the peak.

Over these ten years, I’ve realized a principle: washing out positions is like the oppressive heat before a storm; the discomfort is for the sake of breathing.

What the market maker wants is not your coins but your inability to withstand the volatility. The market is always playing a game—washing out low-cost hesitators and bringing in a batch of high-cost resolute players.

In the past, I stumbled alone in the darkness; now, the light is in my hands.
The light is always on, will you follow? @币来财MAX

In ten years of ups and downs in the currency market, I have heard too many arguments about "the capital is too small to turn things around."

If making money really depended on capital scale, this market would have long become a private playground for whales.

From my personal experience, the key to achieving growth with small funds lies not in searching for a "holy grail," but in establishing a sustainable system.

If you have one hundred dollars and your goal is to grow it to one thousand dollars, choosing to go all in for ten times the return is no different from handing your fate over to luck.

The real path should be to "roll the snowball"—not pursuing overnight wealth, but focusing on the continuous accumulation of profits.

I have guided many students who started with only two or three hundred dollars, and the core method is to break down big goals.

For example, dividing the journey from one hundred to one thousand into three stages: three hundred, six hundred, and one thousand.

In each stage, only a portion of the profits is used for rolling operations, while the remaining profits are firmly secured.

In practical operations, I emphasize "small, steady steps." Starting with one hundred dollars, set a clear stop-loss, with a profit target of 30%.

After achieving this, withdraw ten dollars as confirmed profit and enter the next round with one hundred twenty dollars.

Although this method is slow, it effectively controls drawdowns and ensures the safety of the principal.

The essence lies in cultivating the ability to maintain continuous dialogue with the market, rather than trying to achieve everything in one go.

My position management always follows the principle of "main stability, side flexibility": the main position grasps the trend, while the side position rolls flexibly, with additional reserves to prevent risks.

For small funds, the rolling strategy has a natural advantage—small boats turn easily, trial-and-error costs are low, and it is more conducive to discipline execution.

The core is to overcome impatience and solidly build a trading system: clarify entry and exit standards, strictly enforce stop-loss discipline, and formulate plans for taking profits in batches.

One student started with two hundred dollars and, through the micro-goal of "earning a takeaway meal every day," steadily grew it to two thousand dollars in three months.

He later realized: "Slowly, on the contrary, is the fastest way."

The fairness of this market lies in its recognition of rules rather than people.

Success comes from the accumulation of every small decision.

If you are willing to start with one hundred dollars and patiently roll your snowball, time will ultimately reward this perseverance.

Once, I stumbled alone in the dark, but now the light is in my hands.

The light is always on; will you join me? @币来财MAX

On Christmas Eve 2018, in a rental room in Shanghai, I stared at the screen as Bitcoin plummeted sharply, my teeth chattering involuntarily.

In just three days, my account fell from a floating profit of 4 million to a principal of 700,000. Three days ago, I thought I had touched the threshold of financial freedom;

Three days later, the 400,000 principal along with the annual profit was completely swallowed by the market. At that moment, I truly understood what it means to be "rich on paper, turned to ashes in fire."

After ten years of ups and downs in the cryptocurrency world, I used three hard-earned lessons to climb back from 700,000 to assets worth tens of millions. These principles seem simple, but they are lessons bought with real money.

First, leverage is a double-edged sword, not wings.

A 20x leverage once allowed me to earn a net profit of 500,000 in a single day, but it also brought me to nearly zero within two hours after the "924" regulatory policy was introduced.

Now my trading interface is permanently locked to 3x leverage, with a single coin position not exceeding 5%.

This is not cowardice, but understanding: to survive is to qualify for discussing making money.

Second, mainstream coins are the ballast, not a gamble.

I once heavily invested 300,000 in a "hundredfold altcoin," watching a profit of 1.8 million without taking timely profits, ultimately leading to the project going to zero and my funds being completely uprooted.

Now I anchor 85% of my funds in mainstream coins like BTC and ETH, using only 15% to try new coins.

By maintaining the fundamentals, I can stand firm amidst volatility.

Third, stop-loss is a lifesaver, not weakness.

In the past, after a 15% drop, I kept adding positions, resulting in losing half a house.

Now, every transaction is set with a hard stop-loss line of 8% in advance, and I exit immediately when the line is touched.

A drawdown exceeding 8% often means a misjudgment; recognizing mistakes in time is crucial to preserve the principal for recovery.

The market never lacks opportunities; what it lacks is the capital to survive until opportunities arise.

My account worth tens of millions is not a capital for bragging, but the "interest" from adhering to these three iron rules for ten years.

In this highly volatile market, surviving longer is more important than earning faster.

In the past, I stumbled alone in the darkness; now the light is in my hands.

The light remains on, will you follow? @币来财MAX

On November 8, 2022, the night before the FTX collapse. I was watching a KOL claiming to be the "God of Contracts" in real-time positions and noticed he heavily invested in ETH long positions at $8900.

According to my reverse trading strategy at the time, this was a golden opportunity. I decisively opened a short position at the same level with 10x leverage.

Subsequently, the news of FTX halting withdrawals triggered the market, and ETH plummeted, reaching around $1070 at its lowest.

When I closed my position at around $1200, my account recorded a considerable profit. And I knew that behind this money was the loss of countless blind followers.

Behind this niche play lies a harsher truth:

The trades you follow may be traps set by others.

Some big accounts will first establish their positions and then publicly call trades to attract retail investors to drive up prices. I uncovered the tactics of a certain big account in April 2023: he went long on MATIC in advance and closed in three batches after calling the trades. Now I delay my trades by 15 minutes to avoid the most dangerous pump phase.

Reverse indicators are more reliable than forward indicators.

Build your own "reverse list": KOLs that make three consecutive wrong judgments automatically enter the watchlist. Observe their movements after hitting stop losses; often, this is the real starting point of the market. But remember: reverse trading also requires setting stop losses to avoid being double-killed by "ridiculously wrong" market conditions.

What to be most wary of is the "survivor bias."

You only remember the successful cases of reverse trading but forget the tragedies where both sides blew up. I specifically recorded: in Q4 2022, the win rate of reverse trading was actually only 47%, but the profit amount masked the number of failures.

What truly made me give up this strategy was witnessing a message from a university student last year.

He borrowed money to follow a big account and disappeared from the community after blowing up.

And I, precisely through reverse trading, earned back the money he lost.

Now I keep that 1.2 million profit separately in a cold wallet, not using or distributing it.

It stands like a pillar of shame, reminding me: in this zero-sum game, every profit is stained with someone else's blood.

The truly top players do not find smarter ways to harvest but know when to leave the table.

Once I was stumbling alone in the dark, now the light is in my hands.

The light stays on; will you follow? @币来财MAX

On Christmas Eve 2018, the window glass of a rental house in Shanghai was coated with frost.

I stared at the screen, watching the Bitcoin candlestick chart plummet like a cliff, my teeth clattering uncontrollably.

Just ten minutes ago, my account was up 4 million, but now only 700,000 of the principal remains—that was all the money I had when I quit my job three years ago to dive into the crypto world.

Ten minutes is enough to turn someone who thought they had touched the threshold of financial freedom back into a dreamer squeezed into a ten-square-meter rental room.

The 400,000 principal along with the annual profit was completely devoured by the market, and the numbers on the screen danced like a silent execution.

At that moment, I finally understood what it means to take risks in a fire and how paper wealth ultimately turns to ashes.

After ten years of ups and downs in the crypto world, I crawled back to a net worth of ten million with three blood-and-tears rules.

These rules are as simple as common sense, yet they are the survival codes I bought with real money.

Lesson One: Leverage is a dance on the edge of a cliff

A 20x leverage once allowed me to net 500,000 in a single day during the bull market of 2017, making me feel like I had grown wings.

Until within two hours of the "924" regulatory policy being enacted, my account was almost wiped out.

Now my trading interface is permanently locked to 3x leverage, with single-coin positions not exceeding 5%.

This isn't conservatism, but understanding: the market always has opportunities, but only those who survive can see them.

Lesson Two: Major coins are lighthouses in the storm

I once heavily invested 300,000 in a so-called "hundredfold potential" altcoin, and watched as 1.8 million in profits disappeared without timely profit-taking, ultimately leading to the project going to zero and my funds being completely uprooted.

Now 85% of my funds are anchored in major coins like BTC and ETH, using only 15% to try new coins.

By holding onto the fundamentals, I dare to raise my sails amid the stormy seas.

Lesson Three: Stop-loss is the wisdom of survival

In the past, I would keep adding to positions after a 15% drop, resulting in losing half a house.

Now, every trade has an 8% hard stop-loss set, and I exit immediately when the line is touched.

A drawdown of more than 8% often means a wrong judgment, and recognizing mistakes in time takes more courage than waiting for a miracle.

My ten-million account is not a trophy, but the compound interest from adhering to these three iron rules for ten years.

In this 24-hour, nonstop battlefield, living longer is more important than earning quickly—because all legends are letters written by time to survivors.

I used to stumble alone in the dark, but now the light is in my hands.

The light is always on, will you follow? @币来财MAX

A Decade in the Crypto World: From 30,000 to 80 Million's "Foolish" Philosophy

At the age of thirty-five, I sat in the study of my villa in Xixi, reviewing trading records on my assembled computer that I had used for six years.

In ten years, the initial capital of 30,000 grew to 80 million, friends around me changed repeatedly, but I always remember that winter in 2015.

At that time, Bitcoin dropped below 200 dollars, and I cautiously entered the market with three years’ worth of accumulated salary. The exchange interface was filled with English, and I had to repeatedly confirm even the limit orders.

A mentor told me: "The market is specially designed to treat clever people; living long is the real skill." This saying became my amulet over the past decade.

The market loves to reward those who seem foolishly persistent. I summarized four painful lessons:

When the market drops sharply and rises slowly, it is often a scythe harvesting.

But when it falls slowly and rises sharply, that’s the real opportunity. In 2020, when DeFi retreated, UNI fell from 8 dollars to 2.5 dollars, but I started to build my position and eventually exited at 40 dollars.

What we should truly be wary of is the volume explosion after a daily doubling—this is a signal of the big player closing their net.

Trading volume is the pulse of the market.

The peak of a bull market is not when there is a cacophony of voices, but when new investors are showing off their profits while actual trading volume quietly shrinks.

In 2021, during the frenzy of Dogecoin, I cleared my position when the Twitter hype reached new highs but on-chain data weakened, successfully avoiding a halving.

The bottom has never been guessed correctly.

In a bear market, any single-day surge of 30% is worth doubting; a real bottom requires several weeks of continuous low-volume consolidation.

When Bitcoin fluctuated around 3200 dollars in 2018, I insisted on investing 100 dollars daily, ultimately controlling my cost below 4000 dollars.

The hardest thing is to quit the "breakthrough mindset."

Once I was obsessed with technical indicators, but later I found that candlesticks are merely reflections of emotions.

What big players fear most are those who dare to pick up bloody chips during a plunge and understand to take profits in batches during a surge.

Last year, when SOL crashed, I followed a strategy of increasing my position by 20% for every drop and ultimately sold in batches during the rebound, with profits far exceeding those who stubbornly held on.

The deepest lesson in the crypto world is: when you feel enlightened, the crisis is often near; when you acknowledge your ignorance, that’s when you truly enter the field.

In this industry, it’s not about who’s smarter, but who understands the reverence for the market better.

Once I was wandering alone in the dark, now the lamp is in my hands.
The lamp keeps shining; will you follow? @币来财MAX

On Christmas Eve 2018, the rental housing in Shanghai was bone-chillingly cold.

On the computer screen, the Bitcoin candlestick chart resembled a cliff, and my teeth chattered in the silence.

Three days, just three days. The numbers in my account plummeted from a floating profit of 4 million, finally trembling to halt at 700,000—my entire principal.

Three days ago, I was almost touching the threshold of financial freedom; three days later, the annual profit and 400,000 principal turned to ashes.

The cold light of the screen reflected my pale face, and in that moment, I understood what it meant to be “turned to ashes in the fire.”

After ten years of ups and downs in the crypto world, I clawed back to a net worth of 10 million from the ruins of 700,000 using three bloody rules.

First, leverage is a knife hanging over your head, not wings inserted in your back.

I once used 20x leverage to earn 500,000 in a single day, but within two hours of the regulatory storm on “924” in 2021, I nearly went to zero.

Now my trading interface is permanently locked at 3x leverage, and no single coin position exceeds 5%.

This is not conservatism, but a hard-earned understanding: there are always opportunities in the market, but the dead cannot seize them.

Second, the ballast determines the fate of the ship.

I once bet 300,000 on a “hundred times altcoin,” watching profits roll to 1.8 million but greed prevented me from taking profits, and in the end, the project went to zero, uprooting my funds.

Now 85% of my funds are anchored in mainstream coins like BTC and ETH, with only 15% used to test new opportunities. The bigger the waves, the tighter you need to hold onto the mast.

Third, stop-loss is a life-saving talisman written into the code.

In the past, a 15% drop would lead me to crazily add to my position, resulting in losing half a house.

Now, I set a hard stop-loss of 8% for every trade in advance, and I cut losses immediately when it hits the line.

A drawdown exceeding 8% often signifies a judgment error; the quicker you recognize your mistakes, the thicker your recovery capital.

Over the past ten years, I have witnessed countless stories of sudden wealth like shooting stars, and I have also buried the corpses of greed with my own hands.

A net worth of 10 million is not a medal, but the interest of surviving.

In this 24-hour unceasing meat grinder of a market, living longer is much more brutal than earning quickly.

I used to stumble around alone in the dark, but now the light is in my hands.

The light is always on; will you follow? @币来财MAX

In 2015, when I bought Bitcoin for the first time, I had just experienced a startup failure and had only 50,000 yuan left in my account.

I hesitated for a whole week on Huobi and finally gritted my teeth to buy 8 Bitcoins at a price of about 6,000 yuan each.

Those two years felt like a roller coaster—my account soared to 800,000 yuan during the bull market in 2017, and I was so excited that I couldn't sleep all night; but then in 2018, it plummeted to only 180,000 yuan, and I finally understood what "paper wealth" meant.

The real turning point came in 2020. I focused the remaining funds on mining and DeFi, managing them patiently like a farmer tending to his crops, and over three years, I slowly rolled it up to 3,000,000 yuan. Those who have been in this industry for a long time have ingrained risk control into their DNA.

Three iron rules that kept me alive

Preserve capital always comes first.

There was once an altcoin that made me 10 times my investment, but greed led me to stay until it eventually went to zero.

Now my rule is simple: after any investment profits 50%, I must withdraw the principal first.

For example, if 100,000 yuan turns into 150,000 yuan, I immediately transfer 100,000 yuan of principal out and play with the remaining profit.
Only earn money within my understanding.

When IEOs were popular in 2019, I didn’t follow the trend because I didn’t understand the logic of platform tokens. But in 2021, I heavily invested in Layer 2, simply because I had finished the technical documentation six months in advance.

My principle is: if I can't understand the white paper, I won't invest; if the team is anonymous, I won't invest; if the economic model is fancy, I won't invest.

Position management is greater than timing.

My allocation has been the same for ten years:

60% for Bitcoin and Ethereum as ballast,

20% for mainstream public chains,

10% to explore new tracks (like the recent RWA and AI),

and keep 10% in USDT for opportunities.

No matter how promising the project looks, I never let a single asset exceed 15% of my total position.

The honest words of an old investor.

The most ironic thing in the crypto world is that during a bull market, everyone thinks they are a stock god, but when a bear market comes, they realize who is swimming naked.

I have seen too many contract players double their capital in a day, only to be liquidated and leave the group a week later. Those who can truly take away profits are often the ones who are restrained in a bull market and hoard in a bear market.

If someone asks me how to get started, I would tell them to play with a simulated account for three months before using money that "won't hurt if lost" in real trading.

What is most precious in this field is not technical analysis but the patience to stay alive.

After ten years of crawling and rolling, I finally understand: slow wealth is more lasting than quick wealth; not losing money is itself a way of making money.

In the past, I wandered in the dark alone; now the light is in my hands.

The light is always on, will you follow? @币来财MAX

In 2015, when Bitcoin was still hovering around 2000 yuan, I plunged into this overlooked field with all the savings I had accumulated over five years of work.

In the first two years, I gritted my teeth through the bear market, and in 2017, the explosion finally came — at its peak, my assets soared to 5 million, and I experienced the dizzying feeling of 'earning a year's salary in a day' for the first time.

During the peak in 2021, my heavy investments in Ethereum and SOL pushed my account over 50 million, but the euphoria quickly vanished.

In 2022, with LUNA collapsing and FTX imploding, my greed made me miss the opportunity to take profits, and my account ultimately shrank to less than a million.

The pitfalls I encountered over these ten years crystallized into four life-saving lessons:

Only invest in projects that can withstand the test of time

Almost all the random altcoins I bought in the early days went to zero; what truly made me money were Ethereum, which I heavily invested in after in-depth research in 2016, and SOL, which I laid the groundwork for in 2020.

Their commonality is that the teams consistently deliver and the ecosystems genuinely grow. No matter how appealing the vision in the white paper, it is not as reliable as the actual code submission records on GitHub.

Cold wallets are the last line of defense

The lessons from the 2014 Mt.Gox collapse have kept me vigilant.

In 2020, I transferred 80% of my assets into a Ledger cold wallet; although it was a hassle, I was able to sleep soundly when FTX imploded.

Remember: what’s on the exchange is just a number; what you hold in your hands is your asset.

Regular cashing out is an anti-human discipline

I set a rule to cash out 10% every time the value increases by 100%.

When Ethereum broke 4000 USD in 2021, I forced myself to sell part of it for stablecoins, and this cash later became ammunition for buying the dip during the bear market.

When the market is crazy, cash is more reliable than faith.

Stay away from noise and deepen your understanding

After blindly following big influencers and losing 2 million, I muted all market groups and spent two hours a day studying zero-knowledge proofs, Layer 2, and other technologies.

In 2023, thanks to my early positioning in AI + blockchain, I successfully recovered 50%. True opportunities always come from insights that surpass the crowd.

Ten years have passed in the blink of an eye, and the most painful realization is that investment should not become everything in life. I once lost sleep over margin calls and argued with friends and family about missing out.

Looking back now, the fluctuations in account numbers seem like smoke; what is truly precious are the books I was forced to read, the nights I stayed up, and the calmness I developed over these ten years.

If I could do it all over again, I would learn to balance earlier — enjoy the beach with family during bull markets and study diligently during bear markets. After all, life is far broader than K-line charts. @币来财MAX

In 2015, I first heard about Bitcoin. At that time, the price was just over 2000 RMB, and I threw in two months' salary, twenty thousand.

I knew nothing and was purely curious. Three months later, it doubled. That feeling was like suddenly discovering the backdoor to the world—money can come so easily.

Greed instantly devoured my rationality. I started researching various 'hundred times coins,' my mind filled with wealth myths. In 2017, I heavily invested in a scam coin called '嫩模币.'

Yes, the name is that absurd. It increased tenfold in a week, and my account numbers were jumping crazily. I didn’t sell, firmly believing it could reach a hundred times.

As you guessed, a week later, the project team ran away, and the coin price dropped to zero. Fifty thousand in principal evaporated in an instant.

That was my first liquidation. Sitting in front of the computer, my hands and feet were cold.

It wasn’t about the money; it was a sense of humiliation, like being stripped bare in public.

The market told me directly: the money you earn by luck will definitely be lost by skill.

The real turning point was in 2019. I stopped chasing fads and did three simple things:

First, only buy coins whose underlying logic I can understand. For example, Ethereum; I studied the concept of smart contracts for two months.

Second, any investment must not exceed 10% of total funds. Even if it seems like a 'sure win' opportunity.

Third, set strict take-profit and stop-loss lines. If I make a 50% profit, I must cash out half; if I lose 20%, I leave unconditionally.

These three points are extremely dull, with no technical content, but they allowed me to survive the DeFi wave in 2020 and the bull market in 2021, steadily accumulating.

My account grew from thirty thousand after the first liquidation to a seven-figure sum. I didn’t catch any thousand times coin; I just didn’t die in any pit.

Ten years have passed, and I have seen neighbors becoming rich overnight, as well as those who jumped off buildings, leaving their families devastated. The market never creates wealth; it only redistributes it.

So, if you ask me what experience I have, it’s this: never think you’re going to the market to pick up money; you’re going to exchange your cognition for rewards.

If your cognition is insufficient, the money will flow into others' pockets. The market is fair, fair to the point of cruelty.

Before, I was stumbling around in the dark alone; now I hold the light.

The light is always on; will you follow? @币来财MAX

From 1 million to zero, my decade-long lament of cryptocurrency trading

"Financial freedom? I almost lost my life for it."

In 2015, I accidentally bought Bitcoin with a few thousand dollars of spare cash, and six months later it multiplied by 20 times. Tasting the sweetness, I quit my job and dove headfirst into the crypto world.

In the 2017 bull market, my assets surged to nearly 10 million, and I once thought my life had completely turned around. But in 2020, the "312 black swan" caused me to lose everything overnight, and my account went to zero.

Through ten years of ups and downs, I have summarized a few hardcore survival rules:

1. Only play with money you can afford to lose

I have seen people betting their homes, borrowing money to gamble, and ultimately 90% of them ended up collapsing and leaving.

My bottom line is: the invested funds should not exceed 10% of liquid assets. Even if it goes to zero, it won't affect my life.

2. Simple methods to judge tops and bottoms

When even the community security guard is recommending altcoins to you, run;

When the exchange is so quiet that it’s laying off employees, invest steadily in mainstream coins.

Don’t believe "this time is different"; history always has a way of repeating itself.

3. Cold wallets are life-saving talismans

I have been through all the pitfalls of exchanges going bankrupt and hackers stealing coins.

Large assets must be stored offline; the cost of a hardware wallet is far less than the risk of going to zero.

4. Reject "faith" brainwashing

I once heavily invested in a "top-tier project" where the team boasted endlessly, but two years later it went to zero.

No matter how good the narrative is, you must look at code progress and on-chain data; stories cannot support prices.

5. Stop-loss lines ingrained in DNA

My rule is: if the daily drop exceeds 15%, I must cut losses; if profits exceed 50%, I withdraw in batches.

Wishful thinking is the quickest route to bankruptcy.

After ten years in the crypto world, I ultimately used the remaining funds to buy Bitcoin and Ethereum, no longer messing around.

Those who have made quick money find it hard to return to normal, but the market has its own way to correct all discontent.

If you still want to enter the market, remember: trading is a gamble on luck, hoarding is a bet on the times, but staying alive is the real victory.

I used to stumble around in the dark alone, now the light is in my hands.

The light is always on, will you follow? @币来财MAX

In 2015, when I bought Bitcoin for the first time, the price was just over 2000. At that time, I entered the market with a capital of 20,000 and made as much as 15 million at one point, but also faced a liquidation of 3 million overnight.

The most ironic thing about this industry is: when you make money, you feel like a genius; when you lose money, you realize how ordinary you really are.

What truly enlightened me was the liquidation in 2018. At that time, I heavily invested in a popular altcoin, and my account value peaked at over 3 million.

Greed led me to choose full-leverage, and as a result, a sudden drop at 3 AM triggered a chain liquidation.

Watching my assets go to zero, the feeling of turmoil in my stomach is still vivid in my memory.

This bloody lesson made me summarize three life-saving principles:

1. Profits must be realized regularly

I now force myself to sell 10% of my profits at the end of each month.

This money is either transferred out of the market to improve my life or exchanged for stablecoins as "reserves".

Account numbers are all virtual; only the money transferred to a bank account is yours.

This habit helped me preserve over 7 million in profits during the bull market of 2021.

2. Always keep "emergency funds"

No matter how optimistic I am about the market, I always keep 20% in cash.

This is not only ammunition for adding positions but also a ballast for my mindset.

When LUNA plummeted in 2022, I relied on this money to pick up cheap chips at the bottom, making three times the profit in a rebound.

3. Only invest in projects you understand

My criteria for selecting projects are extremely simple: I can understand the white paper, the team has a real track record, and the code repository remains active.

I don’t engage in markets I don’t understand, and I don’t touch logic I can’t clarify.

This "foolish" principle helped me avoid the vast majority of zero-value coins.

After ten years of ups and downs, the heartfelt words I want to share are:

Don’t use leverage to challenge probabilities—winning 100 times doesn’t mean you won’t go to zero after losing once.

Gather chips in a bear market, cash out in a bull market—go against human nature to survive longer.

Money is a tool for living, not the purpose of life—the most solid happiness is providing a better life for your family with profits.

The market is always changing; the only constant is human nature.

The secret to stable profits is not predicting the market but controlling oneself.

The bull market will come again, but your principal may not wait for that day. Steady and solid is better than anything else.

I used to stumble around alone in the dark; now the light is in my hands.

The light is always on; will you follow? @币来财MAX

For ten years in cryptocurrency trading, I went from fifty thousand to thirty million, and my biggest realization is: slow is fast, and less is more.

In the first three years of entering the market, I, like most people, wished I could stare a hole through the screen.

MACD, RSI, Bollinger Bands... switching between over twenty indicators, staying up late to watch news and chase trends, the result was that my account kept shrinking.

Until one day I suddenly understood: it’s not the market that is complex, it’s human nature.

So I began to simplify.

I removed all the flashy indicators and left only a 20-day moving average on the chart, focusing on finding the simplest "N-shaped structure": a vertical rise to establish a trend, a diagonal retracement to test support, and then a vertical breakout to confirm direction.

When the pattern is established, I place orders; when the pattern is broken, I leave decisively.

Like a hunter waiting for prey to step into a trap, I remain still until I strike.

Discipline has become my moat:

Single trade stop-loss strictly controlled at 2%, profits over 10% taken in batches;

No averaging down, no holding onto losing trades, no anxiety from missing out.

During market fluctuations, I might not open a trade for several weeks.

Friends laugh at me for being "Buddhist about trading," but I know that frequent trading is just working for the exchange.

In terms of capital management, I adhere to the "three-part profit method":

After a drawdown of principal, half of the profits go to stable investments, and half continues to roll over.

Even when facing black swan events, my mindset remains unaffected.

It took two years to go from 50,000 to 1.5 million, one year to go from 1.5 million to 8 million, and only five months to go from 8 million to 30 million— the later it gets, the more I can appreciate the "compound interest of waiting."

In ten years of ups and downs in the crypto world, I have seen countless people pursue the "holy grail strategy," but few are willing to refine the "sieve mentality."

The market never lacks opportunities, what’s lacking is the patience to filter out the noise. True growth is learning to judge opportunities in five minutes and live well with the remaining time.

If you ask me for the secret, it’s actually very simple:

Use rules to combat greed, and use patience to harvest impulsiveness.

String together 20 instances of 10% returns, and you will find that financial freedom is just a gift of time.

Once, I stumbled around alone in the dark, but now the light is in my hands.

The light is always on, will you follow? @币来财MAX

For ten years in the cryptocurrency world, I've seen too many people enter with dreams of turning their fortunes around, yet very few manage to leave unscathed. One particular experience of a stay-at-home mom sticks in my memory like a thorn.

When she added me, she had only 1800U in her account, and her voice trembled as she said this was the savings from three months of childcare, having previously lost most of it in a margin call, leaving her without even money for formula.

I advised her to split her funds into ten parts, only using 10% each time to build her position. She anxiously asked, "If I invest so little, when can I break even?" I replied, "Surviving in the crypto world is more important than making quick profits."

In the first three days, her account grew by 36%, and I advised her to transfer the profits to her wallet and continue rolling with the principal.

During those late nights, she would send me recap messages after her child fell asleep, moving from 1800U to 8500U, each step taken firmly.

But on the 28th day, she suddenly asked, "Can I start managing others' investments too?" I stared at the screen, stunned—this kind of impatience is a precursor to collapse.

Sure enough, on the 34th day, she secretly heavily invested in altcoins, and only admitted it after a 43% drop.

She said she wanted to test her judgment, her tone filled with the excitement unique to gamblers.

The next day, I blocked her, not because of the losses, but because I was pained to see her stepping into the pitfalls I've encountered over the past decade: treating temporary profits as skill and throwing discipline out the window.

Over these ten years, I've tracked thousands of cases and found that those who can navigate bull and bear markets share common traits: withdrawing principal during profits, stopping new positions during losses, and always trading with spare cash.

Meanwhile, those who lose everything keep repeating the same actions—over-leveraging on unrealized gains, stubbornly holding onto losses, mistaking luck for skill.

The cruel truth of the crypto world is: it is never short of miracles, but lacks the systems that sustain them.

Some people have turned fortunes around with a single altcoin, but many more fall on the path to the next hundred-fold dream.

Those who can genuinely leave with profits are often those who treat trading like a production line—mechanically executing strategies, regularly harvesting profits like cutting leeks.

Unfortunately, most people won't wait for that day, just like that stay-at-home mom.

She had once been so close to success, so close that she had already touched the threshold of 50,000U, yet forgot the most lethal trap in the crypto world—when you think you can conquer the market, the collapse has quietly locked your account.

Once I stumbled around in the dark alone, now the light is in my hands.

The light has been shining all along, will you follow? @币来财MAX

In 2014, encouraged by a geek friend, I adopted the mindset of "if I lose it all, I’ll just consider it a lesson" and invested my saved salary of 3000 yuan entirely into Bitcoin.

At that time, Bitcoin was still a quirky term known only by a few. Unexpectedly, this small attempt brought a miracle three years later: by the end of 2017, the peak value of my account assets once exceeded 3 million yuan.

However, the market’s education came swiftly and cruelly. The long bear market that followed gradually devoured my paper profits, ultimately shrinking the illusion of over 3 million to less than 300,000. That roller coaster-like experience completely awakened me.

After ten years of ups and downs, I summarized three simple survival rules that are more practical than any complex analysis:

1. Strictly distinguish between "lucky money" and "skill money"

In a bull market, everyone seems like a genius, but 99% of it is luck brought by the times.

I must admit that the profit of 3 million primarily came from my early entry, not from my unique insight.

Mistaking luck for skill is the fastest way to bankruptcy.

2. Position management is the cornerstone of survival

My strategy is very simple: never bet all my wealth at once.

Using a pyramid method for increasing positions, I first invest a small amount to test the waters, and after confirming the trend, I gradually increase my investment.

More importantly, I diversify my investments, placing most in core assets like Bitcoin and Ethereum, and a small portion in promising innovative projects, while strictly setting the proportions for each part, never easily changing them due to market frenzy or panic.

3. Establish mechanical trading discipline

Human nature is the greatest weakness in the market. I set ironclad rules for myself:

When profits reach 100%, decisively withdraw the principal;

When the price retraces 20% from the high, unconditionally reduce half;

If a loss of 10% occurs after buying, immediately cut losses and exit. No entanglements, no fantasies,

execute like a machine. This cold, hard set of rules has pulled me back from the edge of the abyss multiple times.

Looking back over the past decade, I have recognized the limits of my abilities and learned to respect the market.

Now, I have transferred most of my assets into a more stable allocation, leaving only a small portion to continue participating in this market. This is not retreat, but a kind of reconciliation.

Before, I was bumping around alone in the dark; now the light is in my hands.

The light is always on, will you follow? @币来财MAX