That Night, I Bought the Bottom
At three in the morning, the glow of the phone screen fell across Old Chen’s face.
RLC had already fallen to $0.3613. This AI-themed coin, once pursued by countless people, had plunged from $0.95 over the past week—a drop of more than 60%. Old Chen’s futures position had been forcibly liquidated back when the price hit $0.60. His 30,000 yuan in principal had gone up in smoke.
He slumped in the chair in his rented apartment, staring blankly at the candlestick chart. The chat group was already in an uproar. Some people cursed the market makers, others shouted that the market was crashing, and many had already deleted the app and sworn never to touch futures again. Old Chen felt the same way.
But just as he was about to close the app, his finger stopped.
He remembered the first time he bought Bitcoin, three years earlier. Back then, everyone was shouting that the market was crashing, too. Bitcoin had fallen to 16,000 yuan, and he gritted his teeth and bought 2,000 yuan worth. That 2,000 yuan later turned into 20,000.
RLC was now at $0.36. If the AI sector was still alive, and this project wasn’t dead, then this price was practically a giveaway.
Old Chen took a deep breath and transferred the last 8,000 yuan of his living expenses into his spot account. He didn’t open a futures position or use leverage. He just bought in small batches. At $0.362, $0.365, $0.37. Every time an order went through, his hands trembled.
After buying, he tossed his phone aside and forced himself to sleep. That night, he dreamed that RLC had climbed back to $0.90. Then he woke with a start and realized it was only seven in the morning.
The moment he opened the app, he froze.
RLC had already rebounded to $0.45, up 20% overnight. The people in the group who had been cursing the market makers just the day before were now shouting that it was time to charge in. Old Chen didn’t sell. He told himself to wait a little longer.
Over the next three days, RLC took off like a rocket. $0.50, $0.60, $0.70. Old Chen watched the balance in his account grow from 8,000 yuan to 15,000, then 25,000, then 35,000. His heart pounded faster and faster. His finger hovered over the sell button, but he just couldn’t bring himself to press it.
It wasn’t until RLC surged to $0.7396 that Old Chen finally hit sell.
He sold everything. His initial 8,000 yuan had turned into 72,000.
He didn’t post on social media or brag in the group. He simply transferred 5,000 yuan to his wife and added a note: “We can cover the mortgage this month.”
Later, someone asked him, “How did you know RLC would bounce back?”
Old Chen smiled. “I didn’t. But I know that when everyone is in despair, that’s often when the biggest opportunities arise. Of course, that’s only if you can handle the worst-case scenario.”
He paused, then added, “And this time I used spot, not futures. I’ve had my futures position liquidated once. That was enough for me.”
#RLC #抄底 #CryptoStories
At three in the morning, the glow of the phone screen fell across Old Chen’s face.
RLC had already fallen to $0.3613. This AI-themed coin, once pursued by countless people, had plunged from $0.95 over the past week—a drop of more than 60%. Old Chen’s futures position had been forcibly liquidated back when the price hit $0.60. His 30,000 yuan in principal had gone up in smoke.
He slumped in the chair in his rented apartment, staring blankly at the candlestick chart. The chat group was already in an uproar. Some people cursed the market makers, others shouted that the market was crashing, and many had already deleted the app and sworn never to touch futures again. Old Chen felt the same way.
But just as he was about to close the app, his finger stopped.
He remembered the first time he bought Bitcoin, three years earlier. Back then, everyone was shouting that the market was crashing, too. Bitcoin had fallen to 16,000 yuan, and he gritted his teeth and bought 2,000 yuan worth. That 2,000 yuan later turned into 20,000.
RLC was now at $0.36. If the AI sector was still alive, and this project wasn’t dead, then this price was practically a giveaway.
Old Chen took a deep breath and transferred the last 8,000 yuan of his living expenses into his spot account. He didn’t open a futures position or use leverage. He just bought in small batches. At $0.362, $0.365, $0.37. Every time an order went through, his hands trembled.
After buying, he tossed his phone aside and forced himself to sleep. That night, he dreamed that RLC had climbed back to $0.90. Then he woke with a start and realized it was only seven in the morning.
The moment he opened the app, he froze.
RLC had already rebounded to $0.45, up 20% overnight. The people in the group who had been cursing the market makers just the day before were now shouting that it was time to charge in. Old Chen didn’t sell. He told himself to wait a little longer.
Over the next three days, RLC took off like a rocket. $0.50, $0.60, $0.70. Old Chen watched the balance in his account grow from 8,000 yuan to 15,000, then 25,000, then 35,000. His heart pounded faster and faster. His finger hovered over the sell button, but he just couldn’t bring himself to press it.
It wasn’t until RLC surged to $0.7396 that Old Chen finally hit sell.
He sold everything. His initial 8,000 yuan had turned into 72,000.
He didn’t post on social media or brag in the group. He simply transferred 5,000 yuan to his wife and added a note: “We can cover the mortgage this month.”
Later, someone asked him, “How did you know RLC would bounce back?”
Old Chen smiled. “I didn’t. But I know that when everyone is in despair, that’s often when the biggest opportunities arise. Of course, that’s only if you can handle the worst-case scenario.”
He paused, then added, “And this time I used spot, not futures. I’ve had my futures position liquidated once. That was enough for me.”
#RLC #抄底 #CryptoStories