#美联储重启降息步伐 From Debt to 30 Million—8 Years Surviving in Crypto

Back in 2016, my business collapsed. With my last 50,000 yuan, I stared at exchange candlesticks for a whole week. In the end, I went all in—bought 8 bitcoins at 6,000 yuan each. It was my only shot at a comeback.

I caught the bull run in 2017. My account soared 1,700% that year, straight up to 800,000. Watching the numbers jump on the screen, I couldn’t sleep at night, thinking financial freedom was finally in my grasp. Then the 2018 bubble burst—the crypto market lost 70% of its value, and my account dropped from 800,000 to 180,000. That night, I truly woke up—unrealized gains are an illusion; only money in your pocket is real.

Things started to turn around in 2020. I ditched my habit of chasing pumps and dumps, and dug deep into mining and DeFi. Three years later, my account sat at 3 million. People ask me how many 100x coins I caught—I just laugh. In crypto, the real threshold isn’t vision, it’s survival. Eight years in, here are three hard-earned lessons from blood and tears.

**Lesson 1: Protect Your Principal—Opportunities Are Always There**

During the 2021 altcoin mania, I also jumped in. When a project went up 50%, I pulled out my principal immediately. Later, that coin crashed 90%, but I’d already taken profits and left. There’s never a shortage of opportunities in crypto, but once you lose your principal, the game’s over. That’s why “staying alive is more important than winning.”

**Lesson 2: Only Play the Games You Fully Understand**

Your ceiling of understanding is your ceiling of returns. Whitepapers, team makeup, tokenomics—if there’s anything I can’t grasp, I walk away. During the 2019 IEO craze, the market went insane, but I stayed out and dodged a massive collective loss. Later, before the Layer2 narrative exploded, I spent half a year diving into scaling solutions, took big bets on a few projects, and made a killing. Vision and luck are nothing—doing your homework is everything.

**Lesson 3: Position Sizing Beats Market Timing**

I always stick to a 6:2:1:1 allocation. 60% in Bitcoin and Ethereum—they’re over 65% of total market cap, so they anchor the portfolio. 20% in major public chains, 10% experimenting with new tracks, and 10% always in cash. Never more than 15% in any single coin. Bear markets are when you take drawdowns.

Just look at the recent market. Bitcoin dropped from 126,000 to 94,000, and altcoins were cut in half. People without position management got liquidated, while those who followed rules were quietly accumulating. Bull markets require restraint; bear markets are accumulation periods. The real winners aren’t gamblers, but those who use discipline to ride the cycles. There are always new markets—if you protect your capital and stay rational, you can make a comeback in the next cycle.