My journey in the crypto world, the third part and also the concluding part. In this part, I will talk about how I turned my situation around. Actually, everyone can just listen to this as a story; I was just lucky to have hit a peak, with no reproducibility.

Before bragging, brothers, give me a follow. If you have Weibo, you can also follow my Weibo: Zongxiang Piaoyi W.

Also, before I start bragging, let me give my brothers some operational advice. It's clear that we are about to enter a rebound bull market, so I suggest trading with a light position. Going long carries no risk; the biggest risk is not daring to go long. This is a common issue among many new traders, including myself in the past. After the upgrade in Shanghai on April 12, there will definitely be some market activity.

Alright, now let's get to the main point. In 2019, I went bankrupt, with a debt of 3 million. It was quite a tough time; I remember the last straw that broke the camel's back was my low-level understanding and greed. I took my house, which had a remaining value of about 900,000, to a rural commercial bank for a second mortgage, and borrowed 420,000. At that time, I realized that with my level, I wasn't suited for contracts. I borrowed 420,000, thinking of hoarding some spot goods, so that if the next bull market comes, I could make ten or eight times profit and alleviate many problems; at least, I could pay off all my debts. At that time, I had lost the will to make money; I just hoped to pay off my debts, and that would be enough. I carefully selected and finally chose BCH, which I considered a big piece of garbage. I, being so impatient, wouldn't do any dollar-cost averaging; at that time, BCH was over 300 dollars, and I jumped right in. After falling from over 4000 dollars, I thought it had dropped enough... Then I held it for two days, feeling that I still hadn't bought enough, and suddenly thought, why not double my leverage? It's only over 300 dollars, very low; it can't possibly be halved again, right? So I added 1x leverage, borrowed 420,000 in the leverage lending area, and bought BCH. At that time, the liquidation price was just over 170. The result was obvious; less than a week after I bought BCH, a big waterfall came. I was caught off guard, it was really like getting a toothache from drinking cold water. BCH just happened to drop to 170 dollars, which was my liquidation price, and after liquidating me, it rebounded. The 420,000 loan, just a week later, was gone... I remember it was after 1 AM; after the liquidation, I felt completely weak. I rushed to the bedroom, called my wife, and said, 'I’m done, I've been liquidated, what should I do?' My wife didn't know what to say, stayed with me for ten minutes, then went back to sleep. I was alone in the study, staring blankly at the computer screen, not knowing what to think, sitting there until 5 AM. I thought about nothing, my mind was in a mess.

This money, this loss, became the last straw that broke the camel's back for me. It drained all my spirit. This was in December 2019. After this incident, I didn't pay attention to blockchain or Bitcoin for several days. After resting for many days, I did a review and summary of myself. I also clarified what path I should take in the future and how to proceed.

Review and Summary:

1. At this point, there were no external people who could help me. I tried asking my parents for help, hoping they could lend me 420,000 to pay off the credit union's money. Because the repayment pressure every month was very high, if I could get rid of this 420,000 debt, with my income at the time, I should be able to gradually alleviate it. The remaining value of the house I was living in was about 900,000 to 1,000,000. I originally planned to sell the house to pay off some debts and relieve the pressure, mainly this 420,000 pressure from the credit union. After selling it, I could temporarily rent for a year, and after a year, when I had money, I could pay for the new house I bought for 600,000 down payment. At that time, I could spend over a hundred thousand on renovations and then move in. But I had two kids at that time, and renting was really inconvenient. I thought if my parents could lend me 420,000, then I wouldn't need to sell the house for now. I could wait until the new house was delivered a year later, and then sell the current house to pay off the debts. I approached my parents to borrow 420,000 and promised that if I had to sell the current house, I would first pay off their 420,000. However, it didn't work out... Because at that time, I was really down and out. When a person is down and out, whatever you say or do, others won't believe you, fearing their money will go down the drain. When I had money, it wasn't like this... So, at this point, I had already set a central idea: a person can only save themselves; the only one who can help you is yourself. Don't place your hopes on others; that's just foolish! This reminds me of many strangers who sent me messages saying, 'Isn't it nothing to you to lend me tens of thousands? Help me out.' These are pure idiots. Tens of thousands mean nothing to me now, but when I was down and out, my parents didn't help me at all. You, a stranger, expect me, another stranger, to help you? Are you the idiot, or am I the idiot...

2. In these two years, I made too much money, but how did I make it? By selling point cards and earning from HT votes. Then I also lost a lot of money; how did I lose it? Through contracts! After clarifying the projects that made money and those that lost money, I decided to give up on the losing projects and retain the profitable ones. In other words, I need to quit contracts and calm my mindset. I’m no longer impressive; I’m not the person who was worth tens of millions and full of confidence. In other words, I need to accept my current failures and face them head-on, quitting contracts. This is the second point I need to establish, and it's also a prerequisite for self-rescue! That is to work hard on profitable projects, point cards and rebates. Even if point cards are no longer very profitable, I still need to eliminate the projects that cause me continuous losses, which means quitting contracts and having no more illusions or hopes about them!

3. Set goals. Clarify current debts, record everything in an Excel spreadsheet, listing what debts you owe and how much. Then clarify your current income, roughly estimating how much you can earn in a month. After deducting necessary living expenses, calculate how much debt you can clear each month and estimate how long it will take to pay off the debts. After establishing the overall debt and income plan, I also set detailed work goals for myself. Break it down into daily, weekly, and monthly objectives. First, wake up at 8 AM every day, work in front of the computer until 8 PM, working 12 hours daily. Second, during work hours, avoid meaningless activities, like bragging in various groups. Stay active so that others recognize me and know what I do. That way, when they need point cards or rebates, they will think of me. Third, look for opportunities on Weibo, QQ groups, WeChat groups, various official Telegram groups, and communities. Fourth, set quantitative goals, adding at least 20 people every week and 5 WeChat groups every month. In short, I do nothing else every day; my mind is solely focused on completing my work, promoting the rebate project, and selling point cards. I say I work for 12 hours a day, but in reality, my daily workload exceeds 15 hours.

This intensity of work has led to me, born in '87, now having most of my hair turned white, suffering from cervical spondylosis, lumbar spondylosis, and various other ailments. In short, I haven't spent little on hospital visits in the past year. But everyone knows the outcome; thanks to the early traffic I accumulated from selling point cards. At that time, many people hoarded point cards, with tens of thousands or hundreds of thousands. Little Xia even bought several million worth of point cards from me. To be honest, just from the point cards that Little Xia bought from me, I made a profit of four to five hundred thousand; doesn’t that count as a big score against the big V? Then there were rebates. In 2018, when this policy first came out, it coincided with a peak period. Back then, if you randomly found a group and sent a message asking if anyone needed to do it, a whole bunch of people would come to consult and register. Plus, with the user resources I accumulated from selling point cards early on, everyone trusted me, so I registered a ton of accounts back then. But every project has its cycle, and point cards have now faded into history. As for rebates, you can now randomly find a group and send a message, and the KOLs outnumber the users. In the past, a KOL would shout, and dozens of users would consult; now, a user shouts, and dozens of KOLs rush in. It's become unrecognizable. So, the peak has passed, the cycle is over, and now it's really hard to make money. For me, I'm just living off my previous earnings after all; after all, I got in early, and others trusted me. Currently, my trading volume ranks first or second in the country, providing services to over two thousand traders in the crypto circle, including some big V in the crypto world, many of whom registered with me early on. Many big V on coin platforms registered with me; I won’t say who specifically, as some people, for various reasons, are unwilling to disclose. In the future, brothers, pay more attention to me. If you need to register, just come to me. I send out weekly updates every Monday, and I have a dedicated rebate community. After sending out the updates every Monday, I will announce it in the group.

Hehe, I took the opportunity to advertise a bit. Please forgive me.

Let's continue bragging until I turn my situation around. Mainly relying on two points: one is point cards at the end of the peak, and the second is the rebate policy at the beginning of the peak. Of course, it's not just these; during the month when Lao Xu was caught, I also made a couple of million by reselling OKU. While repaying debts, I also bought spot goods. At that time, I was very cautious about risks; I only bought spot goods and never added any leverage, only buying ETH. However, I didn't hold onto it; I started selling at over 800 dollars and sold out at 1500 dollars... I felt like I was missing out... but I still made quite a bit.

Then, before I knew it, it was the end of 2021. After almost two years, I consistently held off on contracts, and my assets were nearly close to 30 million. Not only did I surpass the new high of 2018, but it also doubled. At this time, the market was very hot, and I cautiously began to dabble in contracts. When a person starts to get back on track, everything goes smoothly, perhaps it's because I now had assets and confidence. Additionally, after experiencing a significant rise and fall, my operations became very cautious. Those who know me are aware that my nickname is 'Fast Runner.' Although I don't earn much, I only get a sip of soup per order; however, when I lose, I don't lose much. I've been doing contracts for about half a year; every time I recharge, I make money, and after making money, I get a little carried away. When profits pull back a bit and I can’t stand it anymore, I withdraw and vow to stop gambling. Then a few days later, I feel there is a good trend and recharge again, making several profits in a row, then withdraw again and stop playing. It's a back-and-forth cycle, but every time I withdraw, I basically do so from profits. After half a year like this, I actually made back the seven or eight hundred thousand I lost in contracts in 2019... So, I often refer to myself as an unstable profitable trader... After I made back the losses from 2019, I felt like I had gained some insight, that I had found a method, and I was on a roll. Little did I know that it was the market that was rewarding me; I was truly benefiting from the bull market. When the year turned to mid-2022, I gradually entered a bear market; after losing about two million, after getting beaten down, I finally understood this principle: I really am an unstable profitable trader, relying solely on the market for income; I haven't truly gained any insights, I'm not that impressive... So in the second half of 2022, I mostly stopped dealing with contracts. Until recently, when the rebound bull market started, I entered into contracts again. So far, I've made a small profit, having only done two orders. The first order lost 165,000 dollars, and the second order is still open, with a maximum profit of 700,000 dollars, currently pulled back to a profit of 400,000 dollars.

That's basically my story of turning my situation around, and my experiences in the rise and fall of the crypto world have come to an end. When I have time, I’ll write an epilogue about some fragmented, meaningful, or funny experiences I encountered, just to wrap it up. In the future, I will share my views on the market and summarize some experiences, hoping my brothers can avoid taking the wrong paths.

Of course, I'm not just blowing hot air. The world is bustling, all for profit; the world is crowded, all for gain. The effort I put into typing, educating, is to hope my brothers pay more attention and that I can attract a bit of traffic. As for what to do with the traffic, I haven't figured that out yet, but the goal is definitely to make money. Anyway, I'll accumulate traffic first, and when it's useful in the future, I'll use it; if I can make some money, I'll make it; if I can't, then it's just a wasted effort. Personally, I hope to provide my brothers with some valuable information. If they find it useful, and it doesn't harm their interests, I can also make some money. This value of information, whether it's the information itself or the emotional value that brings happiness, as long as you all find it valuable, that's enough.

As for many people saying I'm bragging, am I going to push for rebates or charge for group memberships later? Well, if conditions permit, of course, I'd want to do that. First, let's talk about rebates; it’s a mutually beneficial thing. Unless you don’t trade, you definitely have to do one to save on transaction fees, right? Finding someone to do it isn't a loss; you can’t possibly choose not to make a little money just to prevent me from making some. You'd rather waste so much money each year, right? You should know that not registering doesn't really affect me too much; it mainly affects you, wasting so much money. You should know, I make a small amount from the rebates. As for charging for group memberships? Firstly, I currently have no such idea, and even if I do, it should be fair. If you think the information I provide is valuable, then paying me is only right, right? Otherwise, if there's no money to be made, how can anyone persist? Everyone has to eat and live. Additionally, let me share a principle with you: free stuff is often the most expensive. For example, my parents recently signed up for a travel group to Yunnan, which cost over a thousand per person for 10 days, including meals and accommodation. Such a cheap deal, who wouldn't be happy? But when they went, after five days, they脱离了团; four out of those five days were spent shopping, visiting over ten shopping malls. If you didn't buy anything, they would still pressure you. After playing in Lijiang, they had to rush to Kunming at 6 PM, not to delay the next day's shopping schedule in Kunming. They didn't arrive until 1 AM. The next two days were full of shopping in Kunming. They didn’t get to visit Xishuangbanna until the third day... Who do you blame for that? So, cheap things aren't good, and free things are the most expensive.

I've digressed a bit... Let's end it here for today... Next time, I'll continue bragging... Brothers, also take a look at my experiences and see if there's any inspiration. Especially for those who are bankrupt and in debt, don't always think about how to climb back up from where you fell; the odds of making a profit from contracts are incredibly low. I've advised countless gamblers; the only one who can save you is yourself. Don't place your hopes on others; otherwise, all it brings you is ridicule and contempt, with no real help. The first prerequisite for self-rescue is to quit contracts.

As for those looking for others to lead trades, I also think such people are particularly foolish. If someone else can get rich, why would they lead you? They can't get rich themselves, so they want to profit from you. Moreover, if you come to the crypto world looking for someone else to lead you, instead of thinking about improving yourself, aren’t you placing your hopes of getting rich on others? That’s just plain stupid!

Everything can only rely on oneself. If you have no ability, relying on external support will eventually fail; relying on trees will lead to them running away! Everyone, remember what I said!