中本聪的理想乌托邦
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Eight years in the cryptocurrency world: 3 survival rules learned through real money
In 2018, in a rental apartment in Shenzhen, I watched Bitcoin soar, turning a principal of 300,000 into nearly 30 million, thinking "the crypto world can change my fate." But three days later, the market crashed, and by Christmas, my account had less than 600,000 left. I finally understood that the obsession with "waiting to break even" is the most damaging.
After eight years of ups and downs, I've summarized three lessons:
Leverage is a knife, not wings: I once relied on 20x leverage to trade Ethereum, making 400,000 in a day, but during the crash on "519" in 2021, I lost 6 million in two hours. The iron rule now is leverage not to exceed 3x, and a single asset position not to exceed 5%.
Don’t look for heirlooms in the casino: Heavily investing in "domestic Ethereum," I entered with 250,000, saw it rise to 1.5 million but didn’t sell, and ultimately, the price fell to less than 0.001 dollars. Now, 85% of my funds are in Bitcoin and Ethereum, with 15% in altcoins as pocket money.
3. Stop-loss is the last dignity: Set a hard stop-loss of 8% for each trade, and exit if triggered. Before aiming to double, ask yourself: If the account goes to zero, can I still calmly enjoy hotpot? The crypto world is not short of opportunities; what is lacking is the capital to survive until the opportunities arise.
I climbed up from the ruins of the crypto world, and now I hold the "light of survival." This light has always been on; do you want to join? #Crypto market rebound
In 2018, in a rental apartment in Shenzhen, I watched Bitcoin soar, turning a principal of 300,000 into nearly 30 million, thinking "the crypto world can change my fate." But three days later, the market crashed, and by Christmas, my account had less than 600,000 left. I finally understood that the obsession with "waiting to break even" is the most damaging.
After eight years of ups and downs, I've summarized three lessons:
Leverage is a knife, not wings: I once relied on 20x leverage to trade Ethereum, making 400,000 in a day, but during the crash on "519" in 2021, I lost 6 million in two hours. The iron rule now is leverage not to exceed 3x, and a single asset position not to exceed 5%.
Don’t look for heirlooms in the casino: Heavily investing in "domestic Ethereum," I entered with 250,000, saw it rise to 1.5 million but didn’t sell, and ultimately, the price fell to less than 0.001 dollars. Now, 85% of my funds are in Bitcoin and Ethereum, with 15% in altcoins as pocket money.
3. Stop-loss is the last dignity: Set a hard stop-loss of 8% for each trade, and exit if triggered. Before aiming to double, ask yourself: If the account goes to zero, can I still calmly enjoy hotpot? The crypto world is not short of opportunities; what is lacking is the capital to survive until the opportunities arise.
I climbed up from the ruins of the crypto world, and now I hold the "light of survival." This light has always been on; do you want to join? #Crypto market rebound
@Binance Margin This feature in the square, you all hold the currency types ~ you can see the information about the currency types held between each other! Customer Xiao He @Yi He has also held it! Do I need to increase my position a bit 😜
B
BNB/USDT
Price
1,160.038
#meme An'an's own meme coin, everyone will make money when the market comes! What other copycats can you recommend that don’t involve violent promotion✍️
#eth
Leave in the comment area the coins you are most optimistic about doubling in the short term for analysis and communication.
Leave in the comment area the coins you are most optimistic about doubling in the short term for analysis and communication.
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