#比特币波动性 Back in 2018, I did something that made my whole family think I was crazy – I invested all 80,000 yuan that I had saved for two years to buy a house into Bitcoin, which was priced at 450 dollars per coin at that time.

When I went to Phuket, I opened the trading app and saw my account balance jump to 2.3 million. In that moment, I truly thought I was the chosen one, and financial freedom was just around the corner.

Woke up very quickly.

The bear market came without warning, and the numbers in my account dropped as if someone pressed the fast-forward button, eventually shrinking to 220,000. I squatted on the hotel balcony smoking, listening to the sound of the waves outside, and had to think for a long time about how to manage the accommodation costs for the next few days. That feeling is really hard to describe.

After being educated by the market several rounds, I have summarized four experiences for survival:

First rule: Don't touch what you don't understand. I blindly chased the NFT craze before, jumping in without even understanding the basic logic of the projects, and lost 250,000 in three days. This experience made me fully realize that you can't earn money outside of your understanding; this is a hard rule.

Article 2: Position allocation should be reasonable. My current fund allocation is as follows: 50% for buying mainstream coins like Bitcoin and Ethereum, 30% for low-risk arbitrage, and the remaining 20% kept for emergencies. Even if the market fluctuates, I won't be nervous.

Article 3: Leverage is an absolute forbidden zone. I once played contracts with full margin and ended up liquidating to zero overnight. After that, I deleted all apps with leverage functions—leverage is not a profit accelerator; it is a capital meat grinder.

Article 4: Only trust the information you verify yourself. Those group signals and so-called big influencers' recommended coins are all tools for harvesting retail investors. I now only focus on on-chain data and project whitepapers. Before the LUNA crash in 2022, I managed to avoid that disaster by analyzing the data myself and liquidating in advance.

I no longer dream of getting rich overnight.

I would be very satisfied if I could achieve a stable annualized return of 20%. In this market, only those who walk steadily will be the final winners. Many people fall into a cycle of losses not because they don't work hard, but because they lack the right methods and understanding. Opportunities come every year, but if the direction is wrong, no amount of effort will help.

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