8 years in the crypto world, here are some truths
I am 33 years old this year, from Shandong, currently residing in Hangzhou. I own a house where I live, another one that I rent out, and I also have a Rolls-Royce that I’ve wanted for a long time before I finally bought it. Don’t think I was born with a golden key; everything here was earned step by step in the crypto world.
I started with a capital of only 200,000, which at one point dropped to under 50,000. At that time, I really couldn’t sleep, almost gave up. But I gritted my teeth and used a seemingly “stupid” method to roll it up to several million.
One of the most intense waves was turning my initial investment into a 100-fold return in just 3 months, directly earning over ten million!
Does it sound like bragging? But behind it are over 2900 days of blood and tears.
Here are some real experiences to share with you who are still searching.
$LYN First, a bull market is not what you think it is: “gold coins everywhere for you to pick.”
I have seen too many people being greedy and taking action everywhere, only to end up with a pile of chicken feathers. My own strategy: focus on one sector and only eat the main upward trend. For example, if a new concept explodes, I will stick to this track and study the leaders and those catching up. As long as you catch the right one, you can benefit from the entire wave of the market.
Second, when buying coins, always buy new ones, not old ones $STO .
Cheap old coins may look like opportunities, but most are worthless junk. The market only likes new stories, new expectations, and new popularity. Don’t let nostalgia empty your wallet.
Third, contracts: be cautious and then cautious again.
I’ve played, and I’ve made over 8 digits in one wave, but the number of times I’ve been liquidated is more than I can remember. If you really want to play:
Never go all in.
Never use more than 5 times leverage.
Set stop-losses as naturally as breathing.
Fourth, cycles are ironclad rules.
The crypto world has a four-year cycle; at the end of a bull market, you must clear all altcoins! If you notice that even delivery workers are asking “which coin can double,” congratulations, the peak has arrived. If you are reluctant to run, the upcoming bear market will show you what a 90% drawdown hell looks like.
I have seen too many people make money in the bull market for a year and lose everything in three months during the bear market. I don’t have that much talent, nor insider resources; I survived purely by this “stupid method” and even lived better than many smart people.
So, if you really want to last in the crypto world, don’t ask me “which coin can double”; first think: can you withstand a 90% drop and still survive?