#大户持仓动态 That was a moment of despair in the summer of 2020 - the renovation business suddenly collapsed, with debts of 500,000 like a mountain, and only 50,000 left in my pocket. Life was pushed to the edge of a cliff.

Desperation fueled madness. I squatted in an internet cafe for three days and nights, gnawing on data, calculating probabilities, and repeatedly simulating scenarios, ultimately making the decision to go all-in: I bet the remaining 50,000 and bought 9 Bitcoins at an average price of around 6,000. This is the only chance to turn things around.

The wheels of fate turned unexpectedly — that winter, Bitcoin increased 16 times over the year. 500,000 instantly became 8,200,000. I could feel the dawn and even considered selling my house to increase my investment. But human greed always needs to be taught a lesson by the market. In 2018, the bubble burst overnight, and the market evaporated three-quarters of its market value. 8,200,000 plummeted to 1,900,000.

It was only at the moment I was crouching in front of the ATM late at night, staring at my account balance, that I truly understood what the illusion of unrealized profits meant. The hustle and bustle will eventually fade, and profits that cannot be sustained are essentially worthless.

This bloody lesson completely changed me. Since 2022, I have given up the gambler's mentality of chasing highs and selling lows, turning to a stable approach such as mining machine hosting and liquidity mining, dedicating myself to accumulation for three years. My account gradually grew to 2.8 million.

Someone asked me how many "hundred times coins" I've caught, and I can only smile and answer: the winners in the crypto world are never the ones who chase highs, but rather those who survive the longest. The ones who truly make money are those who adhere to discipline and fiercely protect their principal.

Forged from the ups and downs, I have summarized three brutal yet practical survival rules:

**The principal is the defense line**. Once the new coin sees a significant increase, withdraw the principal at the first opportunity, and let the remaining profits continue to grow. This way, even if there is a severe decline later, it won't hurt the core.

**Cognition is the boundary**. Things that are not understood should be resolutely avoided. Market opportunities are endless, but the pie that does not belong to you is mostly a trap.

**Position is armor**. Strictly adhere to the discipline of risk allocation (for example, a configuration of 50% stable assets, 30% potential targets, 10% high-risk bets, and 10% cash reserves), so that even in a severe bear market, the drawdown can be controlled within 15%.

Don't be impulsive during a bull market, and don't panic during a bear market. The real winners in the crypto world are never those chasing trends, but those who stick to their discipline and protect their core values to survive.

Opportunities will always come, but they only favor those who live long enough.