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Don't remind me again today

After six years in the crypto assets market, my account balance has gone from tens of thousands to millions and then dropped to zero, only to climb back from the bottom. To be honest, the biggest realization on this journey is: don't treat this as a game of luck; what matters is your understanding of the market's Depth and your level of self-discipline.



Let's talk about some bloody lessons. Many people like to dabble in everything; today they jump on the NFT hype, and tomorrow they chase after some public chain that's supposed to take off. But in reality? Putting your energy into a specific direction—like DeFi mining or dollar-cost averaging strategies—makes it easier to find the way. Those projects whose underlying logic you don't understand, really don't touch them; when a crash happens, you won't know whether to run or hold on.

Additionally, before opening a position, you must think about your exit strategy. At what price will you sell if it rises? At what point must you cut losses if it drops? If you don't set these in advance, it's basically like running naked. Position management is a matter of life and death; most retail investors face liquidation because their positions are too heavy, and a single pullback can lead to a direct explosion.

Another common problem is that when you see a strong coin rising in your hand, you want to take profits and then go buy those coins that have plummeted. This kind of operation will almost always lead to regret. What you should really do is let the profitable trades continue to run and cut the losing ones.

A final reminder: Don't just focus on the numbers in your account when you make a profit. Regularly convert a portion of your profits into fiat or transfer them to a cold wallet. Don't let the hard-earned money be taken back by the market.
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ServantOfSatoshivip
· 18h ago
Drop to zero and get back up, this is what truly understands the industry. Most people can't even make it to this step.
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MetaLord420vip
· 18h ago
The idea of dropping to zero and then getting back up is just for talk; most people don't have that luck. Really, the hardest part of being in the crypto world isn’t picking coins, it’s controlling your own hands. That’s right, going Full Position and then getting liquidated is the norm; I’ve seen too many of those. I also chased NFTs back in the day, but I don’t want to mention it now. Talking about stop loss sounds easy, but when the moment comes, everyone wants to wait a little longer, and the result is... Taking profit out is what truly counts as making money; those numbers on paper can be deceiving. I agree that understanding Depth is more important than anything else; otherwise, it’s just a gambler's mindset.
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SchrodingerGasvip
· 18h ago
You are absolutely right, it's a six-year deadlock. I was also the type of person who wanted to copy everything a few years ago, but I ended up missing out on the last train every time. Now I understand that deeply understanding a track is more important than anything else; on-chain data can be misleading, but the underlying logic will not.
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SchrodingerProfitvip
· 19h ago
Six years from a million to drop to zero and then back up again, this guy has really been through hell, every word he says is the price of blood.
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SocialAnxietyStakervip
· 19h ago
Dropping to zero and turning things around sounds easy, but in practice, it's like purgatory.
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RunWithRugsvip
· 19h ago
I've heard many stories about dropping to zero and climbing back up, but those who can persistently stick to their own understanding are few and far between. Honestly, I've fallen into that pit myself. I really resonate with the point about position management this time; I used to have a heavy position and directly got wrecked during a pullback. Now, I have to ask myself how much it needs to fall before I must cut losses. It took me a long time to change my mindset about locking in profits and buying the dip, but now I finally understand that letting the profitable ones run is much more rewarding than mindlessly chasing. Regularly withdrawing to a cold wallet is the most crucial part; otherwise, no matter how much you earn, the market will take it back.
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