If you want to truly make money in the crypto world, going it alone in the dark won't work. Choosing the right people and entering the right circles determine what kind of scenery you can see.
The essence of the crypto market is a game of strategy—big fish eat small fish, small fish eat shrimps. If your skills are not enough, you need to learn and turn your knowledge into wealth. Too many people only pay tuition to the market but never invest in themselves—this is the most亏本 business.
I have a 36-year-old student who, after experiencing three爆仓 (liquidation) hells, took three years to go from a ramen-eating tenant in a rental house to buying a full-price house in a first-tier city. Her story is not just motivational talk; it’s a lesson learned at the cost of losing millions.
In the winter of 2022, she watched ETH drop below $1800, and her account shrank from 200,000 USDT to just 5,000 USDT in an instant. This was her third liquidation and the most despairing moment—unable to pay rent, eating ramen every day, and suffering from insomnia for three consecutive months. Like all retail investors, she did all the stupid things: going all-in with 10x leverage, trying to add to winning positions, stubbornly holding onto losing trades, and being manipulated by K-line charts 24/7.
The turning point came suddenly. That early morning, after her third liquidation, she made a crazy decision—delete all trading apps and stay in her rental for two months. During those two months, she reviewed over 1,000 losing trades and finally understood the true logic of making money. The last 5,000 USDT was no longer despair but the seed of her comeback.
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DAOdreamer
· 01-09 18:54
This story sounds quite familiar. The nice way to put it is "being with the right person," and the less nice way is either paying tuition fees or paying even more expensive tuition fees. I just want to ask, how deep are the hidden pitfalls between turning 5000U around and buying a house?
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PerennialLeek
· 01-09 18:50
Oh my, this story really makes my heart heavy. I also lost 200,000 directly down to 5,000, but I don't have her level of awareness... Still watching the market 😅
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DefiEngineerJack
· 01-09 18:41
ngl the "find the right circle" pitch is lowkey the same copium every failed trader peddles... but actually™ the liquidation cascade analysis here is technically sound. three blown accounts → forced behavioral reset → empirical review of 1000+ trades is fundamentally non-trivial from a risk management standpoint. most people never get past the emotional panic phase to do the actual work.
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NFTPessimist
· 01-09 18:39
It's the same old story, how many times have we heard this when talking to the right people in the right circles? And the result? Most people still end up losing everything, even their underwear.
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BagHolderTillRetire
· 01-09 18:34
A million in tuition fees for a lesson, and I still have to delete the app to wake up— is this deal worth it?
If you want to truly make money in the crypto world, going it alone in the dark won't work. Choosing the right people and entering the right circles determine what kind of scenery you can see.
The essence of the crypto market is a game of strategy—big fish eat small fish, small fish eat shrimps. If your skills are not enough, you need to learn and turn your knowledge into wealth. Too many people only pay tuition to the market but never invest in themselves—this is the most亏本 business.
I have a 36-year-old student who, after experiencing three爆仓 (liquidation) hells, took three years to go from a ramen-eating tenant in a rental house to buying a full-price house in a first-tier city. Her story is not just motivational talk; it’s a lesson learned at the cost of losing millions.
In the winter of 2022, she watched ETH drop below $1800, and her account shrank from 200,000 USDT to just 5,000 USDT in an instant. This was her third liquidation and the most despairing moment—unable to pay rent, eating ramen every day, and suffering from insomnia for three consecutive months. Like all retail investors, she did all the stupid things: going all-in with 10x leverage, trying to add to winning positions, stubbornly holding onto losing trades, and being manipulated by K-line charts 24/7.
The turning point came suddenly. That early morning, after her third liquidation, she made a crazy decision—delete all trading apps and stay in her rental for two months. During those two months, she reviewed over 1,000 losing trades and finally understood the true logic of making money. The last 5,000 USDT was no longer despair but the seed of her comeback.