8 Years of Experience as a Crypto Veteran, Sharing Some Truths

I’m 33 years old, from Chongqing, now based in Shenzhen. I own a house where I live, another one rented out for income, and I finally bought a sports car I’ve wanted for a long time. Don’t think I was born with a silver spoon in my mouth—these are all achievements I earned step by step in the crypto world.
I started with only 200,000 yuan, and at my lowest point, it dropped to less than 50,000. Back then, I was truly insomnia-ridden every day, almost giving up. But I gritted my teeth and used a “seemingly simple” method to grow my portfolio to hundreds of millions.
The most aggressive wave, from a small position in just 3 months, yielded 100x returns, directly earning over 10 million!
Does that sound like bragging? But behind it all are over 2,900 days of blood, sweat, and tears.
Here are some real experiences I want to share with those still exploring.
First, the bull market isn’t just “picking up gold coins everywhere.”
I’ve seen too many people greedy to grab everything, only to end up with a pile of trash. My approach: focus on one sector, ride the main upward wave. For example, if a new concept explodes, I stick to that track, study the leaders and the latecomers. As long as you pick the right one, you can ride the entire trend.
Second, buy new coins, not old ones.
Cheap old coins may seem like opportunities, but most are just junk. The market only likes new stories, new expectations, and new popularity. Don’t let sentiment drain your wallet.
Third, be extremely cautious with contracts.
I’ve played, reaching over 8 figures at the peak, but I’ve also blown up more times than I can count. If you really want to play:
Never fully leverage your position.
Never use more than 5x leverage.
Stop-loss should be as natural as breathing.
Fourth, cycles are an iron law.
Crypto cycles every four years; at the end of a bull run, you must clear all altcoins! If you find even delivery guys asking “which coin can multiply tenfold,” congratulations, you’ve hit the peak. If you’re reluctant to sell, the next bear market will show you what a 90% drawdown really looks like.
I’ve seen too many people make money in the bull market for a year, only to lose everything in three months of bear market. I don’t have extraordinary talent or insider resources—I just survive with this “silly method,” and I live better than many smart people.