The Last Battle of the Old Greenhorns: 5000u Survival Route Day 1

The Final Battle of the Old Greenhorn: 5000U Survival Road - Day 1

This round of all-in on knockoff tokens has lost everything. Now, with heavy living pressure, supporting my family and two kids in Guangdong where the cost of living is high, I haven’t worked in years. My principal has shrunk significantly in the market, and I keep using my living expenses to cover losses. I want to find a job, but I have no skills and can’t find a decent one.

Now, all my funds are consolidated into the last 5000U. I cut out all the fancy stuff. My goal is to spend the next 1-2 months exploring the crypto space to find a way to barely support my family and survive. If I fail, I will honestly go out and find a job—life must go on.

Since the beginning of the year, I’ve been experimenting with picking up garbage meme tokens, thinking that these trash memes have limited downside, but often can suddenly skyrocket several times, dozens of times, even hundreds of times. As long as I don’t lose much principal, I can at least survive.

Since the start of the year, I’ve been intermittently reducing my holdings for over half a month. I’ve traded over a hundred different tokens, currently holding more than 70 trash tokens. I found a role model for this approach at address 9d44pdMgMhEMi8jJBaBVgTqs7kyir8uLnLboR9JB4GEH. Seeing this address gave me confidence; he often buys only a few dozen dollars but makes hundreds or thousands of dollars daily. So I started copying him. After picking up dozens of tokens, I realized I was losing money painfully, so I began setting stop-losses. GEH basically doesn’t set stop-losses—he just buys and sells based on the situation when some tokens rise. But I feel I can’t afford to lose; I could lose dozens or hundreds of dollars in a day. Although these tokens fall slowly, most are trending downward. Currently, my account has less than 2000U, with an unrealized loss of about 120U. It’s not too bad. After careful analysis, I think this approach is relatively reasonable. I judge that this method probably can make some profit, but not much. Seeing how much profit GEH makes daily, his profit margins aren’t high either—he picks up many tokens daily, holding thousands of them, but doesn’t see daily multiple-fold gains. My capital simply can’t sustain continuous large-scale investments like him; he’s投入了几百万资金在里面。

So I have to find another way. Previously, I saw an older brother in a Discord group introduce a “licking a bite” method—focusing on influential X accounts, top KOL addresses, and some other smart addresses. The idea is to jump in immediately when these signals appear, without reading the narrative, and take a quick profit, cutting losses if a few points are lost. I haven’t experimented with this method in detail, but I’ve tried following some addresses. It’s not very easy—often entering at high points, sometimes falling too fast, hesitating just a moment, and then the price drops to zero. It requires high concentration. But this method gave me inspiration. Now I’m trying to combine the “licking a bite” approach with the garbage picking method—limiting the fall of trash tokens and quickly jumping in and out based on signals, without reading narratives. I’m also analyzing the addresses of whales extensively. I’ve tried this for two days, and so far, I haven’t lost money. For now, I keep trash tokens on hold, ready to pick up if the price looks right, while continuously analyzing whale addresses.