$BTC 8 The veteran in the cryptocurrency circle, let me speak some truth

I am 33 years old this year, from Shandong, and currently residing in Hangzhou. I have one house that I live in, another that I rent out, and I also have a sports car that I have wanted for a long time before I could afford it. Don't think I was born with a golden key; these are all things I have earned step by step in the cryptocurrency circle.

I started with only 200,000, and at one point it dropped to less than 50,000. At that time, I really couldn't sleep at night and almost gave up. But I gritted my teeth and used a method that seemed 'foolish' to roll it into tens of millions.

One of the most intense waves made 100 times profit from a base position in 3 months, directly resulting in over ten million!

Does that sound like bragging? But behind this is over 2900 days of blood and tears.

Some real experiences, shared with you who are still exploring.

First, a bull market is not what you think it is, 'gold coins everywhere to pick up.'

I have seen too many people being greedy and taking action everywhere, only to end up with a mess. My own strategy: focus on one sector and only ride the main wave. For example, if a new concept explodes, I will stubbornly stick to that track, researching the leaders and those catching up. As long as you catch the right one, you can enjoy the entire wave of the market.

Second, when buying coins, you must buy new ones and not old ones.

Cheap old coins may look like opportunities, but most are just scrap metal. The market only likes new stories, new expectations, and new popularity. Don't let sentiment empty your wallet.

Third, contracts, proceed with caution.

I have played, and at one point I hit 8 figures, but the number of times I was liquidated is even more than I can remember. If you really want to play:

Never go all in

Never use more than 5x leverage

Set stop-losses as naturally as breathing.

Fourth, the cycle is an iron law.

The cryptocurrency circle has a four-year cycle; at the end of a bull market, you must clear all altcoins! If you find that even the delivery person around you is asking, 'Which coin can multiply ten times,' congratulations, the peak has arrived. If you can't bear to run, the next bear market will show you what a 90% drawdown hell looks like.

I have seen too many people, making money in a bull market for a year, only to lose it all in three months during a bear market. I don't have that much talent and no insider resources; I just survived on this 'foolish method,' and I am living better than many smart people.

So, if you really want to survive in the cryptocurrency circle, don't ask me, 'Which coin can multiply ten times,' first think: can you withstand a 90% drop and still be alive?

#币圈 There are no lack of opportunities, what’s lacking is the ability to endure until the end.