Let's talk about my entry history! I entered the crypto space in 2020 when Ethereum was at its lowest at 81 dollars. At that time, I was still observing and had not formally invested any money. I was using Huobi and Binance, and my first deposit was on Binance where I bought my first coin, DOGE, at a price of 0.04U for 10,000 RMB. Later, I made a profit of 2,000 RMB and ran away. After that, I got involved with contracts. I started trading contracts in April 2021. I was a short seller; a crazy bull market, and I went short. It was really ridiculous, and I even shorted Dogecoin. Just imagine how terrible that was! I like high leverage; if I can get 100 times, I will never settle for 50 times. I lost about 100,000 in half a year. Later, I learned to play with effects; when SHIB just listed on Huobi, I bought 1.2 billion with 6 zeros in front. I held it for a few hours and made 30,000 before running away. Then I started trading contracts again. This time, I shorted Ethereum on May 19. On that day, Ethereum plummeted directly by -42. I was using 125 times leverage, but suddenly lost internet connection, and my position disappeared inexplicably. I was anxious; I wanted to close my position, but I had no position, and my account balance kept changing without automatically closing my position. I was about to report to the police when I was not far from the police station, but the exchange regained internet connection. However, my position still did not show up. After about 10 minutes, my position appeared, but Ethereum had already recovered from a -42 drop to -22, and my profit was halved. From that moment on, I believed the exchange maliciously hid my position to prevent me from closing it. I did not set any stop loss; my account had 180,000. Later, the market adjusted over a few months, and I lost another 80,000. In summary, I paid a tuition fee of 180,000 for entering the market in 2021, and I was one of those who lost money in the bull market. In 2022, I did not trade for the whole year during the bear market. In March 2023, CFX surged again and attracted me back in. Damn it, I started trading contracts again and lost 150,000 in September. Later, I calmed down and thought for a few days and decided not to touch contracts again. I deposited 150,000 and bought spot. Looking at the K-line chart, I thought AIDOGE was still good, so I bought 150,000 at the bottom price. By October, it started to rise. Unfortunately, I did not hold on continuously; it seemed to have risen about 20 times. Because I was doing spot trading, I made over 300,000 in one night at the highest. In March 2024, my account peaked at 850,000. I was thinking about switching to buy some valuable coins. At that time, Ethereum was about to pass the ETF, right? I thought if it passed, OP would definitely rise. So, I bought 850,000 worth of OP at a price of 4.2U, but after buying, it kept falling until it was left with only 70,000, and I had to cut my losses. I lost all 850,000 in 2024.
