From bankruptcy to 30 million: 8 years of a comeback in the crypto world
On the day the company went bankrupt in 2016, I held the remaining 50,000 yuan and wandered around the exchange for a whole week.
Finally, I took a gamble and bought 8 bitcoins with my entire savings, at an average price of 6,000 yuan — this was my last lifeline.
In 2017, bitcoin entered a crazy bull market, soaring by 1,700% throughout the year, and my account skyrocketed to 800,000.
Staring at the fluctuating numbers on the screen, I couldn't sleep all night, thinking that financial freedom was within reach. But in 2018, the bubble burst, and the total market value of the crypto market shrank by 70%, causing my balance to plummet to 180,000. That deep night, I finally realized: unrealized gains are just numbers; only cashing out is real money.
In 2020, I completely said goodbye to chasing highs and lows, turning to mining and deepening in DeFi. Three years later, my account steadily held 3 million. Many people ask me how many hundredfold coins I have caught, and I smile and reply: “The core of survival in the crypto world is risk control.” Today, I share all three iron rules accumulated over 8 years of blood and tears:
First iron rule: Preserving capital is profit; as long as the principal is there, opportunities will arise.
In 2021, when altcoins skyrocketed, I followed the trend and bought a certain token, withdrawing my principal immediately after a 50% rise. Later, it crashed by 90%, but I still had a surplus thanks to “running on profits.” The crypto world is never short of opportunities, but once the principal is gone, you're completely out.
Second iron rule: Only earn money that you understand; cognition determines returns.
If you don't understand any aspect of the whitepaper, team, or token economics, give up. During the IEO craze in 2019, I stayed put and avoided the subsequent crash; before the rise of Layer 2 in 2021, I researched SKALE and other projects' elastic sidechain technology six months in advance, and after heavy investment, I reaped several times in dividends.
Third iron rule: Position size is more important than timing; diversification is a safeguard.
I adhere to the “6211 rule”: 60% invested in Bitcoin and Ethereum (which account for over 65% of the market cap) as ballast; 20% allocated to mainstream public chains; 10% for trial and error in new tracks; 10% kept in cash for emergencies. No single asset exceeds a 15% position, allowing me to only face a 12% drawdown during the bear market.
Now, bitcoin has fallen from 126,000 to 94,000, and altcoins have halved, further confirming the value of these iron rules. In a bull market, be restrained; in a bear market, stock up. The true winners are not gamblers, but those who harness cycles with rules.
Markets are present every day; safeguard your capital and your heart, and in the next cycle, you too can make a comeback. #特朗普缓和局势 $ETH
