I met an older guy once. He used to work in Huaqiangbei helping people fix phones. Later, he shifted to data recovery—specifically, those expensive server hard drives that cost tens of thousands of yuan and where other people just can’t handle it. He’s been doing this for seven or eight years, saving up a little money—not much, but every bit earned through hard work.
During the worst part of the last bear market, the chat in the group went from a few hundred messages a day down to only system notifications like “So-and-so left the group.” One group admin even changed the group name to “Countdown to Exiting the Crypto Circle,” posting screenshots of assets hitting zero every day. This guy, though? He did the opposite. He told me that back then, every night he’d sit alone in the shop, take out his cold wallet to check it, then put it back.
He entered in three batches. Bitcoin dropped—he bought a little. It dropped again—he bought more. After the first purchase, it kept falling, and his paper losses at one point exceeded forty percent. He had a notes memo on his phone dedicated to recording the prices for each batch of buys—he said it was to steady himself, otherwise he really might panic and sell everything at once.
The hardest part was those months of sideways movement. Nobody in the group was talking anymore. He was like that broken radio in the shop—fixing hard drives in the daytime, watching the charts at night, and occasionally sending me a line in the middle of the night: “Still green.” I asked him if he could hold on. He said he wasn’t sure, but he also set himself a line: if it dropped another twenty percent, he would leave.
Later, the reversal came—but it didn’t rocket straight up. It just crawled upward, slowly and stubbornly. He didn’t sell at the very top either. The first batch bought at lower cost got out earlier, and the later batch was left with half. Overall he was in profit, but he wouldn’t say exactly how much. He just laughed and said, “Anyway, it’s enough to replace the equipment in the shop.”
After that, he said something I remember particularly well. He told me that during that period he felt like an idiot—but if it happened again, he still wasn’t sure whether he could get through it.
If it were you, would you dare to enter at that point?
#币圈故事 #Risk
During the worst part of the last bear market, the chat in the group went from a few hundred messages a day down to only system notifications like “So-and-so left the group.” One group admin even changed the group name to “Countdown to Exiting the Crypto Circle,” posting screenshots of assets hitting zero every day. This guy, though? He did the opposite. He told me that back then, every night he’d sit alone in the shop, take out his cold wallet to check it, then put it back.
He entered in three batches. Bitcoin dropped—he bought a little. It dropped again—he bought more. After the first purchase, it kept falling, and his paper losses at one point exceeded forty percent. He had a notes memo on his phone dedicated to recording the prices for each batch of buys—he said it was to steady himself, otherwise he really might panic and sell everything at once.
The hardest part was those months of sideways movement. Nobody in the group was talking anymore. He was like that broken radio in the shop—fixing hard drives in the daytime, watching the charts at night, and occasionally sending me a line in the middle of the night: “Still green.” I asked him if he could hold on. He said he wasn’t sure, but he also set himself a line: if it dropped another twenty percent, he would leave.
Later, the reversal came—but it didn’t rocket straight up. It just crawled upward, slowly and stubbornly. He didn’t sell at the very top either. The first batch bought at lower cost got out earlier, and the later batch was left with half. Overall he was in profit, but he wouldn’t say exactly how much. He just laughed and said, “Anyway, it’s enough to replace the equipment in the shop.”
After that, he said something I remember particularly well. He told me that during that period he felt like an idiot—but if it happened again, he still wasn’t sure whether he could get through it.
If it were you, would you dare to enter at that point?
#币圈故事 #Risk