Bitcoin's ten years, I have gone from a retail trader frequently wiped out to a "senior" in the eyes of newcomers.

Once, I stared at the fluctuating K-line, countless times my mindset collapsed, and I just wanted to exit.
At three in the morning, my account was wiped out. Two hundred thousand dollars in capital was completely lost; this was my third liquidation.
In the silent late night, only endless self-mockery remained, mocking my greed and blindness.
Bitcoin's surge in 2017 made headlines; I entered with the hope of a one-night turnaround, but ultimately couldn't escape the law: buying at high, holding through the decline, heavy position liquidation.
Losses never blame the market, only my greed and emotional reactions. But every time I hit rock bottom, my unwillingness to accept defeat kept me fighting.
In the following two years, I fell into a vicious cycle: borrowing money, depositing funds, going all-in, getting liquidated.
Savings were completely drained; at the worst, only $1,500 remained in my account. I kept asking myself: should I continue this pointless gamble?
My rebirth began with deep review.
By dissecting dozens of losing trades, I finally saw the core: all liquidations were caused by ruleless, emotion-driven trading.
Impulsive entries, refusing to cut losses, chasing huge profits, fighting against the trend—these are the root causes of all losses.
I started sticking to a trading plan: setting entry, stop-loss, and take-profit points before the market; reviewing each trade afterward, confronting all violations, and never self-deceiving.
Three ironclad rules I have held to this day:
1. The 60-day moving average determines life or death. Trade with the trend online, stay resolutely on the sidelines offline; don’t guess bottoms, don’t chase tops, and don’t trade against the trend.
2. Never chase explosive coins. Avoid assets that surge over 50%; only trade within recognized, confirmed market conditions.
3. Learn to hold cash and respect the market. Holding cash is never missing out; it’s top-tier risk control. When the market is harsh, doing nothing is the best way to preserve capital and profit.
Once rules are implemented and mindset stabilized, trading completely turns around: liquidation turns into small losses, small losses into guaranteed profits, gradually establishing a positive profit rhythm.
People call me a senior, but I dare not claim that. I’ve just experienced more pitfalls, more liquidations, and persisted in review and discipline, forging my survival skills in the crypto world.
Those darkest moments when I almost gave up ultimately shaped who I am today.
In the great waves of the crypto world, my trading journey is still ongoing.
If you are currently holding through losses, on the verge of liquidation, or deep in confusion: it’s not that you’re not suited for crypto, but that you only have desire, without rules and risk management.
The only truth in the crypto world: survive first, then talk about profits.