龙哥加密日记

Never treat the market as a casino; it is the touchstone of your discipline.
The phrase “With less than 5 digits of principal, you're just cannon fodder in the crypto market.” is something I've heard too many times. But last week, a student's account record surprised me: starting from 800U, it reached 30,000U in 5 months, with zero liquidation throughout. As a veteran who has been through this industry for many years, I know very well that this can’t be explained by luck.
Behind this is a logic that allows small funds to grow steadily. Today, I will break down this method for you, which is more useful than seeing 100 contract signals.

Strictly control risks and grasp the cycles
Seeing the numbers jumping on the screen always reminds me of what that sister from Guangzhou said: 'In this market, surviving is the hard truth.'
As a cryptocurrency analyst with ten years of experience, I've seen too many stories of getting rich overnight only to return to zero in an instant. But that sister who lives in the old town of Guangzhou and rides an electric bike to buy groceries truly helped me understand the essence of cryptocurrency investment. Over eight years, she turned a principal of 200,000 into 80,000,000, without insider information, without playing leverage contracts, relying entirely on a practical methodology tested through bull and bear markets.

— A veteran's anti-fraud guide
I am Lao Chen, and I have been in the cryptocurrency circle for 8 years. I have seen too many people lose everything because of the 'pie falling from the sky.' Recently, an old but tried-and-true scam has re-emerged: tokens worth tens of thousands of dollars appearing out of nowhere in wallets. Many people, in their excitement, clicked 'authorize,' and in an instant, their assets went to zero. Today, I want to expose this trap in the simplest terms. If you have ever been tempted, please make sure to read to the end.
1. Scam Closed Loop: The Three-Step Trap from 'Net Casting' to 'Harvesting'
Net Casting: Forced Airdrop of 'Phishing Tokens'​

As market liquidity tightens, this little house in the crypto market is most likely to sway in the storm.
Recently, the background has exploded with questions: "The scale of U.S. debt issuance has hit a record high, technology stocks are continuously falling, will the cryptocurrency market suffer as well?" As a veteran who has navigated the crypto market for many years, I deeply understand everyone's anxiety.
Watching Bitcoin fall from its high of $126,000 all the way down, even briefly dropping below $86,000, market sentiment has indeed become fragile. But I want to say that volatility is never the risk; being unprepared is.
Today, I will break down the current market logic in simple terms and provide newcomers with a few actionable survival strategies.

After reading this article, you can avoid 80% of the pitfalls and turn every effort into tangible gains.
Recently, many people have been asking me: 'Why can others keep getting airdrops while I am stuck grinding for points every day but end up with nothing?' To be honest, it's not that your reaction speed is slow or your luck is bad; it's that you haven't grasped the core logic of the current airdrop market.
Last week, a friend who just entered the circle complained to me, saying they rushed to grab new airdrops as soon as they were launched. When they didn’t have enough points, they blindly traded, and as a result, they missed the airdrop and lost quite a bit in fees due to market fluctuations. All their efforts over the past half month were wasted. This kind of 'busy work' situation is too common among retail investors.

Strict stop-loss, control emotions, protect the principal.
The winter of 2013 was particularly cold. I secretly took 60,000 yuan from my family and stepped into the world of cryptocurrency markets. At that time, my mind was filled with fantasies of quick wealth, but in less than four months, my account balance hit zero. I remember that cold morning when I saw the glaring 'Insufficient Balance' on the trading screen, I realized that this market is not an ATM, but a meat grinder that specializes in dealing with all sorts of disobedience.
Eight years have passed. I transformed from a failure who didn't dare to go home into a trader who can survive steadily in this market. Whenever someone asks me how to survive in this market, I always share these five survival rules earned through blood and tears.

Strict discipline + seizing trends, small funds can also roll into a big snowball.
Every day the backend is bombarded with questions: 'Can you really survive in the crypto market with less than $2000?' Today I laid it all out and directly shared a screenshot of a real account: a student I took on last year started with $1800 and made it to $45,000 in 5 months, now he consistently withdraws to cover living expenses every month.
This is not a myth, but the result of strict discipline and the correct strategy. After three in-depth conversations with him, I distilled this set of survival rules for small funds. If you're tired of being cut by the market back and forth, why not take a look at these three tips.

Behind the data, there is often a crossroads where panic and opportunity coexist.
Early yesterday morning, the University of Michigan announced that the November Consumer Confidence Index plummeted to 50.3, hitting a new low in years. This number means that more than half of Americans have cast a 'vote of no confidence' regarding the economic outlook.
Right after the data was released, we immediately saw the cryptocurrency market experience severe fluctuations, with nearly 140,000 people encountering liquidation within 24 hours.
But in my view, this apparent bad news often conceals unknown opportunities. Today, based on my five years of market observation, I will casually discuss the truth behind this.

Dollar liquidity is quietly tightening, traditional assets are collectively sputtering, while smart money has already started positioning for the next crypto spring.
Last week's Federal Reserve meeting was like a thrilling suspense blockbuster. Just as they lowered interest rates to the 3.75%-4.00% range, and the market hadn't had time to cheer, Powell threw out the statement, "Fighting inflation remains the top priority," instantly causing the stock market to plummet.
This policy whiplash left traditional investors dumbfounded, but as someone who has watched the market for eight years, I felt a twinge of excitement—because I know that every time there is a crack in the traditional financial system, it signals that the crypto market is about to take off.

The K-line on the screen fluctuates like the unpredictability of life; the most important thing is not to seize every fluctuation but to maintain your own rhythm.
The year I got divorced, I carried 320,000 in debt, and the whole world was telling me that 'women lose value when they divorce.' Yesterday, my account's net income for the day was 280,000. I didn't cheer; I just quietly closed the computer and made myself a cup of tea. Seven years ago, I borrowed 20,000 U to step into the cryptocurrency world and started learning the rules of this market from scratch.
There are no divine cows here, no insider information, only lesson after lesson. What I share today is not a 'get-rich-quick story,' but the practical insights of a survivor. Here are six 'counter-instinct' operational principles that have allowed me to survive in the cryptocurrency world.

The WeChat message at 2 AM, the bouncing red exclamation mark, and the desperate voice with a crying tone from the other end of the screen— the cryptocurrency assets accumulated by the old couple over seven years disappeared without a trace in just a few minutes.
At two in the morning, just finished analyzing the market and was about to rest when the WeChat notification sound suddenly shattered the silence. Opening that message marked with a red exclamation mark, I instantly lost all sleepiness. A fan who has followed me for many years sent a message filled with despair: "Teacher, that batch of mainstream assets I had, it's all gone!"
The moment the call connected, his voice trembled: "The balance jumped from seven figures directly to 0. We watched helplessly, without confirming anything, without entering any verification codes, the money just vanished into thin air!"

At three in the morning, staring at the waterfall-like plunge of the K-line, my nails digging deeply into my palms; that feeling is still fresh in my memory ten years later.
In 2015 when I first entered the scene, Bitcoin was only a few hundred dollars, and ETH had not yet been born. With the hard-earned 50,000 yuan I had saved up, I thought I had caught the express train to financial freedom, but in the first three years, I interpreted the phrase 'buy high sell low' to the fullest. The most painful experience was when I heavily invested in a project that claimed to be the 'next generation Bitcoin' following the so-called 'big shots', only to watch it go to zero at two in the morning, with my account shrinking to less than 12,000 yuan.

At 3 a.m., when my phone screen lit up with the alert that the VIX index had surpassed 30, I instantly became alert. I am too familiar with this kind of market volatility — it's not an ordinary correction, but a signal of a complete explosion of risk aversion after the U.S. government shutdown set a new record of 36 days. As someone who has endured three rounds of bull and bear markets, I have seen too many people blindly charge into black swan events, ultimately losing everything. Today, I want to talk about how I managed to protect my principal during this round of sharp decline using three strategies.
1. The underlying logic of the black swan: Don't be fooled by appearances
The surface reason for this round of sharp decline is the liquidation of leverage in the cryptocurrency circle, but the root cause is actually the transmission of political risk to the financial market. The budget deadlock between the two parties in the U.S. has led to the shutdown of federal agencies, directly evaporating $15 billion in economic output each week, and even key employment and inflation data have been suspended, leaving the market instantly like a 'blind person.' In this uncertainty, capital instinctively flees high-risk assets, with cryptocurrencies being the first to bear the brunt.

In the face of discipline, technical analysis can only come second.
Many people think the cryptocurrency market is a casino, but after being here for nine years, I've realized one truth: it's not the smartest who survive, but the most disciplined.
I have an old friend by my side, starting from 120,000, without insider information, not understanding any profound technology, purely relying on a few trading disciplines that are laughably simple, and somehow rolling the principal to 30 million, buying three apartments in Beijing. The content I share today may not be cool enough, but it is definitely experience exchanged with real money.
1. Understand the essence of trends: slow rises and sharp falls may be 'easy questions'.

The printed loss orders covered the walls, that was my best textbook.
The cryptocurrency market in 2017 was as frenzied as a dream. With a gathered capital of 20,000, I plunged into this market, thinking I could easily achieve financial freedom. However, reality gave me the heaviest blow: contracts were continuously liquidated, and I was juggling margin calls, and within less than half a year, not only did my capital go to zero, but I also accumulated a six-figure debt.
I remember looking at the shocking red numbers in my account, feeling almost collapsed. My ears were filled with the cold mockery of "You're not cut out for this," and I even started to doubt my own choices. But I didn't give up; instead, I printed out all the loss orders and covered the walls with them, spending over 300 sleepless nights reviewing every trade until I finally grasped the survival rules of this market. Today, I share these experiences with you without reservation, hoping to help you avoid taking five years of detours.

Strict discipline outweighs dazzling techniques.
I remember that night when I watched my account balance on the screen drop from five figures to three figures, my fingers trembling so much that I couldn't even type on the keyboard. A trade I thought was a sure win turned into a disaster, as I heavily invested in a popular altcoin and faced a sudden crash in the early morning, causing my account to evaporate 80% in an instant.
This kind of pain is something many people in the crypto world may have experienced.
Later, I counted my 127 failed trades and found that the real problem was not inaccurate technical analysis, but rather losing control over my position and a lack of discipline. The market always punishes those who think they can get rich by luck, and I only began to awaken after being taught a lesson.

Brothers, the weekend that just passed taught everyone a lesson — Bitcoin fluctuated at a high level, Ethereum surged and then retraced, and the liquidation data across the network is shocking. Many people ask me: "Teacher, is the bull gone?" My answer is very direct: the bull is not gone, but the crazy bull needs to calm down now.
1️⃣ The essence of market sentiment: behind the panic is the frenzy of leverage​
Recent data shows that the single-day settlement exceeded 19 billion US dollars, with thousands of wallets on Hyperliquid being wiped out. This kind of cascade is not accidental, but rather the result of high leverage combined with macro risks. For example: when Trump's tariff policy was just hinted at, Bitcoin dropped below $110,000 in one hour, and over-leveraged retail investors were instantly liquidated.

Strict discipline outweighs the myth of getting rich quickly.
In the summer of 2015, when I first stepped into the crypto market, like all beginners, my mind was filled with fantasies of 'ten times in three months.' At that time, I had just quit my job, filled with a strange confidence, thinking that this market was my ATM.
The result is predictable. Three months later, not only did I not double my money, but I also lost 60% of my initial capital.
What I remember most is the market wave in 2017. When mainstream coins first broke through key resistance levels, I nearly bet all my liquid funds. The price soared, and my account numbers kept increasing. I even started looking at cars and houses, thinking about what to do after achieving financial freedom. However, a sudden black swan event caused the market to plummet by 30% within 48 hours.

In turbulent times, the wise survive.
Recently, the news in the financial circle has been explosive, and I want to tell you a truth: these seemingly unrelated major events to cryptocurrency are actually intertwined with the nerves of the crypto world. When global capital flows surge, this digital gold mine of the crypto market not only contains the last opportunity to get in before the end of the year but is also filled with 'sweet traps' that beginners are most likely to fall into.
I have been struggling in this line for six years, experiencing multiple bull and bear market transitions. Today, I won't beat around the bush; I'll use the most straightforward language to help you break down the current real situation.

Family, who would have thought? For two months, I've been waiting for the U.S. non-farm payroll data, and what I got instead was a government shutdown and a notification that the data is 'dovish'! The Labor Department is just slacking off: doors closed, no data released! This has confused the global market. But as an old hand in the crypto space, I actually feel that this 'data vacuum period' might hide a rare window of opportunity for us retail investors. Today, let's chat about the insights behind this.
1. Why is the market confused by the non-farm 'discontinuation'?