#数字资产市场洞察 From Total Loss to Counterattack and Turnaround: A 1.7 Million Loss Survivor's Self-Rescue Record

Last year at this time, my cousin completely collapsed. A liquidation in the crypto market wiped out 1.7 million, and he was plunged into despair—overdue online loans, maxed-out credit cards, and almost losing his mortgage. During that period, he went crazy, smashing his phone, uninstalling all apps, making excuses to avoid everyone during the Spring Festival, and disappeared for a full two months. In his mind, there was no turning back in the crypto world.

But that inner drive didn't die completely. One day, he came to me with only $2,000 left in his account. We sat down for a deep talk, analyzing each problem— the root was simple: impatience in trading. I told him frankly that this was a do-or-die moment, and he must strictly follow his strategy without any slack.

With just this $2,000 "spark," we set a strict rule—

**Rule 1: Position Size is Life**
Never risk more than 40% of total funds in a single trade; the remaining 60% must be reserved. This isn't conservatism; it's to stay alive during market crashes. Many people go all-in and gamble, only to be wiped out by extreme volatility.

**Rule 2: Stop-Loss is More Important Than You Think**
Pre-set your stop-loss price and cut losses immediately when hit—no luck-based thinking. This is the hardest to execute—many deceive themselves into thinking "long-term it’s fine," only to get trapped. Respect the market; admit defeat when necessary, and you'll survive longer.

**Rule 3: Follow the Trend, Don't Operate Blindly**
During bullish phases, focus on strong coins; during downturns, short or hold cash. Don't always try to bottom-fish or top-tick—that's gambling. Follow the big trend; go where the market leads, simple and direct.

**Rule 4: Quick In and Out at Opportunities**
Web3 opportunities are fleeting. There was a time when I made nearly $20,000 in ten minutes—opportunities come suddenly. But discipline is key—know when to enter and when to run.

**Rule 5: Lock in Profits**
When you make money, you can chase the trend with 30% to amplify gains, but 70% must be withdrawn immediately to lock in profits. Many fall into the trap of "giving back profits"—watching their gains vanish, which is even more painful than losses.

Strictly following this system for half a year—

$2,000 → $30,000 → $100,000...
Doubling and doubling again.

The final result: not only did he fill the 1.7 million hole, but he also earned an extra $50,000. This isn't some myth of quick riches; it's real turnaround achieved through time and discipline.

In the crypto world, it may seem perilous, but fundamentally, there's a simple rule—it's not about who gets rich fastest, but who survives the longest. Survive long enough to see the next wave; survive long enough to turn paper wealth into real money. No matter how smart a person is, they will sometimes lose in the face of market fluctuations; but with discipline and patience, risks can be turned into opportunities.

The road ahead is long. Let's share our real experiences in the crypto space.