2025-12-25 06:21:30

In 2018, I entered the market with a friend, starting with 1,800 yuan, and within two years, it grew to 5 million. No background, no insider information, all relying on analyzing K-lines and honing my mindset. The lessons learned over these seven years are written in blood and cost every word.

There is no such thing as getting rich overnight in the crypto world. Those who can withstand volatility and keep a steady mindset are the ones who survive until the end.

**First Pitfall: Panic Selling During Rapid Rise and Slow Decline**

After the price surges, it begins to decline gradually. Most people get scared to death, think the top has been reached, and rush to sell. But this is often market manipulation—deliberately testing your psychological defenses, forcing you to surrender your chips voluntarily.

What does a real top look like? Violent surges combined with cliff-like dumps—that kind of combo punch is the real harvest. A rapid rise followed by a slow decline is mostly oscillation. Distinguishing these two patterns is crucial; otherwise, you risk being left behind before the market starts moving.

**Second Pitfall: Panic Buying After a Crash**

When a big bullish candle appears, people get excited, thinking a rebound is coming, and rush in to buy the dip. But this is often a trap.

In the crypto world, rebounds after a crash are often designed to attract more bagholders. Buying halfway up the mountain is even scarier than the crash itself—because you watch the price continue to fall while your losses become too large to bear. The true bottom requires time to solidify; it can't be confirmed with just one or two K-lines.

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MoneyBurnerSociety

· 14h ago

Haha, isn't this just my autobiography? I bought the dip three times during that rapid rise and fall wave, and each time I lost money. The 5 million is survivor bias; 99% of retail investors like us are on the list of bagholders. The most exciting moment is when a big bullish candle rushes in to buy the dip, but the account ends up the worst. Honestly, an unstable mindset is doomed to be a leek, and now I have achieved financial freedom through stable losses. I've heard this theory a hundred times, but when it comes to execution, my brain short-circuits. The "waistline dip" saying is hilarious, as if finding inspiration from my failure cases. It's resonating, but I still keep stepping into pits; anyway, I'm already a professional leek.

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OnChain_Detective

· 14h ago

ngl pattern analysis suggests this is textbook pump & dump playbook... those "急涨缓跌" sequences? flagged transactions show similar wallet clustering every cycle. statistically anomaly detection screaming right now.

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ConsensusBot

· 14h ago

1800 to 5 million sounds outrageous, but the real pitfalls hurt even more than the numbers. --- Most of those who rush up and then cut losses during slow declines die before the shakeout. --- Most of those who surge with a big bullish candle are just bagholders, wake up. --- Mindset is much more valuable than technical skills, but unfortunately most people can't learn it. --- The most common thing to do when bottoming out after a crash is to rush up the hillside, then regret it for a year. --- It's hard to distinguish between a shakeout and a top, but those who don't learn suffer greater losses. --- The lessons learned from seven years of blood and tears are forgotten in ten minutes by newcomers—that's the crypto world. --- The real key to survival isn't how much you earn, but that you don't die. --- That rapid rise and slow decline rhythm looks like a top, but it's actually a sieve, filtering out the chives. --- It's true that the bottom needs to be solidified, but no one can wait that long. --- Hearing 500万 sounds great, but a retracement can scare you to death—that's the real crypto world.

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LiquidityHunter

· 15h ago

Is it from 1800 to 5 million? I've heard this story too many times, but the key is whether you're still alive now or not. --- That's right, I also got caught in the rapid rise and slow decline wave. Now I look at the K-line more often than my own face. --- Many people have died on the phrase "This is the last chance" when bottom-fishing. --- Mindset is more valuable than technology, but unfortunately most people only want to hear stories about making money. --- Is 1800 yuan in 2018 still around now, or did you cut your losses long ago? --- Market manipulation in the crypto world is a psychological battle. Those with stable mindsets survive until the end, it's that simple yet difficult. --- Watching half of your holdings drop away feels more hopeless than a direct crash. --- The real top is indeed different; most people can't tell the difference, so they always lose. --- The routine of sharp decline, rebound, and absorbing new buyers has not changed since 2017. --- The phrase "the bottom needs to be solidified" is heard the most, but who has really waited for it?

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