Brother Bin talks to you about the truth
Friends, I am Brother Bin. Today I want to talk about something real with you. I have been crawling in this circle for more than seven years, from being a naive young guy to now making a living by analyzing digital currencies. I have seen all kinds of monsters and ghosts in this market.
My starting capital was 200,000, and at the lowest point, I only had 50,000 left. But with a seemingly 'foolish' method, I not only broke even but also achieved class mobility. I'm not a genius; I'm just an ordinary person who survived in this market.
1. My cryptocurrency story's starting point
In 2019, I entered the cryptocurrency world with a try-it-out mentality. At that time, I was working in the traditional finance industry, full of curiosity about blockchain technology, so I took out 200,000 of my spare money to start trying.
I didn't expect to take a big fall right at the start. I remember clearly, I followed the advice of a so-called 'big shot' and went all in on a hot coin, and two months later, 200,000 was left with only 50,000. That feeling is still stomach-churning to think about.
It was this failure that made me understand a principle: in this market, relying on others is not as good as relying on oneself. I began to study market rules seriously, rather than seeking information everywhere.
2. The 'foolish' method I summarized
1. Focus on the main line, don't eat the whole fish banquet
There are new hotspots in the market every day, and many people chase after them, only to end up with a bunch of feathers. My approach is to focus on one main line, only eating the fish body and not the whole fish.
For example, when the AI concept exploded, I didn't buy all AI coins, but instead researched which projects had real technology, whether the team was reliable, and how the market recognized them. After identifying the true leaders, patiently wait for the right entry opportunity, exit after the main surge, and don't be greedy for the last penny.
2. Choosing coins requires the wisdom of 'liking the new and hating the old'
Old coins may seem cheap, but most have already fulfilled their mission. The market always loves new stories; new projects have the potential for imagination.
My criteria for selecting new coins are simple: solve real problems, have a strong team, and high community activity. It's not about whether it's cheap or has been glorious in the past. Many old coins are just nostalgia, and nostalgia is the least valuable thing in this market.
3. Contracts are a double-edged sword; I advise you to be cautious.
I have traded contracts, earning seven figures at my peak, but I have also been liquidated. To be honest, it felt like riding a roller coaster; it was too much for my heart.
If you must play, remember three phrases: don't go all-in, don't use high leverage, and let stop-loss be as natural as breathing. Going over 5x leverage is gambling, and gamblers ultimately lose everything.
4. Respect the cycle; bull and bear transitions are ironclad rules.
The biggest rule in the crypto world is a four-year cycle. At the end of a bull market, when I saw even the convenience store owner downstairs discussing which coin could multiply tenfold, I knew the top had arrived.
When the bear market comes, you must control your hands. Many people make a fortune in the bull market, but give it all back in three months during the bear market. My strategy is: gradually reduce positions in a bull market, patiently wait in a bear market, and not easily catch the bottom.
3. Surviving is more important than anything else
After being in this market for a long time, my biggest realization is: the crypto world lacks stars, only lacks longevity.
I have seen too many genius traders who are fleeting, as well as many people using 'foolish' methods living quite well. The key is to find a rhythm that suits you and stick with it.
My 'foolish' method actually consists of just a few sentences: focus on the main line, choose new over old, maintain light positions and move slowly, respect the cycle. It seems simple, but very few can do it.
4. Honest words for newcomers
If you're new to this circle, don't first ask, 'Which coin can multiply tenfold?', but think clearly about how much loss you can bear.
The most ironic part of this market is: the more one chases quick money, the faster they lose it; the slower one takes it, the longer they survive. When you are no longer led by emotions and start rationally analyzing the market, you have already surpassed 80% of people.
The crypto world lacks opportunities; what it lacks is people who can survive to the next bull market. Let's be those who can survive, rather than temporary stars. Follow Bin Ge to learn more first-hand information and precise points in the crypto world, becoming your navigation in crypto; learning is your greatest wealth!#加密市场反弹 #小非农数据不及预期 $ETH
