The light is on, whether you can keep up depends entirely on your own skills.
Do you remember that thing from the winter of 2015? A buddy of mine had just received a 5000 yuan year-end bonus and was encouraged by his colleagues to enter the crypto world. At that time, Bitcoin was only a little over two thousand each, so five thousand yuan was enough for him to buy 0.3 of one. Back then, neither of us took it seriously; we thought it was just for fun.
Who knew that six months later, Bitcoin would drop to nine hundred. That night, he directly cut his losses, and his account shrank from over five thousand to less than two thousand. I still remember his expression at that time; the most he said was: "I will never touch this thing again in this lifetime."
So guess what? That thing he said he would "never touch again" ended up completely changing his life. Now this guy has over twenty million in his account, and he still studies candlestick charts every day, never daring to go all in when trading. I asked him how he did it, and he just gave me six words: "Stick to the rules, wait for the opportunity."
It sounds like a fairy tale, but behind it lies the harsh reality of surviving in the cryptocurrency market.
**From loss to "pain", that's when you truly enter the field**
My buddy's operations back in the day were no different from most newcomers—he acted on hearsay, panicked when the market dropped, and sold at the bottom. He said that loss "hurt" him to the core, and that was when he truly began to reflect on himself.
There is an old saying in the crypto world: "Only when people feel the pain of losses can many problems be solved." A veteran I know, "Aolong", has gone through this. He once lost down to just $1,700, and his account was basically gone. It was this kind of "pain" that shattered all his lucky misconceptions and taught him to truly respect this market.
I felt the same way. When I first entered this circle, my mind was full of thoughts like "just one more bet and I can turn things around," but I ended up sinking deeper. It wasn't until I suffered significant losses that I realized this market is not a place where gamblers can survive.
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LightningHarvester
· 2h ago
At the moment of Cut Loss, one should have realized, yet it took until twenty million to understand what discipline really means.
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BoredRiceBall
· 3h ago
Tsk, that moment of Cut Loss was truly an enlightening moment; if you haven't experienced it, you simply don't understand.
View OriginalReply0
MeaninglessApe
· 3h ago
Cut Loss at that moment can really cure all ailments. Next time when you see a newbie still going all in with a full position, just ask him if his account has ever shrunk.
View OriginalReply0
NotFinancialAdvice
· 3h ago
Ha, this story makes me feel a bit pained... Did that guy really turn his life around just by "keeping discipline and waiting for the right moment"?
The light is on, whether you can keep up depends entirely on your own skills.
Do you remember that thing from the winter of 2015? A buddy of mine had just received a 5000 yuan year-end bonus and was encouraged by his colleagues to enter the crypto world. At that time, Bitcoin was only a little over two thousand each, so five thousand yuan was enough for him to buy 0.3 of one. Back then, neither of us took it seriously; we thought it was just for fun.
Who knew that six months later, Bitcoin would drop to nine hundred. That night, he directly cut his losses, and his account shrank from over five thousand to less than two thousand. I still remember his expression at that time; the most he said was: "I will never touch this thing again in this lifetime."
So guess what? That thing he said he would "never touch again" ended up completely changing his life. Now this guy has over twenty million in his account, and he still studies candlestick charts every day, never daring to go all in when trading. I asked him how he did it, and he just gave me six words: "Stick to the rules, wait for the opportunity."
It sounds like a fairy tale, but behind it lies the harsh reality of surviving in the cryptocurrency market.
**From loss to "pain", that's when you truly enter the field**
My buddy's operations back in the day were no different from most newcomers—he acted on hearsay, panicked when the market dropped, and sold at the bottom. He said that loss "hurt" him to the core, and that was when he truly began to reflect on himself.
There is an old saying in the crypto world: "Only when people feel the pain of losses can many problems be solved." A veteran I know, "Aolong", has gone through this. He once lost down to just $1,700, and his account was basically gone. It was this kind of "pain" that shattered all his lucky misconceptions and taught him to truly respect this market.
I felt the same way. When I first entered this circle, my mind was full of thoughts like "just one more bet and I can turn things around," but I ended up sinking deeper. It wasn't until I suffered significant losses that I realized this market is not a place where gamblers can survive.