2026-01-05 07:31:22

Back in 2016, I was repeatedly hesitating in front of the trading platform with the 50,000 yuan I had left after a failed startup. A week later, I gritted my teeth and bought 8 bitcoins at 6,000 yuan each. That decision later changed my entire life trajectory.

Honestly, when I first entered this circle, like most newbies, I was nervously stimulated by the ups and downs of K-line charts. During the 2017 bull run, my account surged to 800,000 yuan. I held my phone every day, thinking I was a winner in life. But in 2018, with a rollercoaster ride, my account was halved to 180,000 yuan, and I finally understood what "wealth on paper" means.

The most painful lesson came from altcoins. I once invested heavily in a project claimed to have ten-thousand-fold potential. When I earned 10 times the profit, I should have walked away, but greed kept me holding, and in the end, it went to zero. Since then, I set my first rule: whenever I earn more than 50%, I withdraw the principal, and the rest is for fighting for the future. The principal is never touched.

Looking back now, the crypto world is not short of star projects and legendary figures, but very few people last long. I’ve seen contract trading experts double their holdings overnight, only to be liquidated the next day. So now, my holding strategy is very disciplined: 60% in Bitcoin and Ethereum as the ballast, 20% in some mainstream public chains, 10% reserved for new tracks to test the waters, and the last 10% in cash for emergencies. No single coin holding exceeds 15%, even if I am very optimistic, I won’t go all-in.

Another iron law is to only make money in fields I understand. During the 2019 IEO wave, although many people made a fortune, I stayed on the sidelines because I couldn’t see through the pattern. In 2021, I jumped into Layer2 tracks because I had already studied the technical documents half a year in advance. Whitepapers, project teams, economic models—if any part was unclear, I wouldn’t touch the opportunity no matter how tempting. The market ultimately rewards those who do in-depth research; followers will pay their tuition sooner or later.

Risk control, simply put, is the line between life and death. The deepest lesson I’ve learned over these years is that protecting the principal is more important than anything. Whether an account can make money depends on luck, but whether you can survive long-term depends on skill.

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BTCWaveRider

· 01-08 01:53

I bought it for 6,000 yuan each and gritted my teeth to purchase. Now that I think about it, I was right about the direction. This guy's words really hit home. In 2017, I also got carried away after my account doubled, but in 2018 I was immediately slapped in the face. I've also been through the phase of altcoins. Those who don't take profits at 10x are fools. Greed really can be deadly. Are there still people holding only one coin in their entire portfolio? Staying alive is the biggest win. It's just one word—stability. It's more important than anything else. I won't touch projects I don't understand, even if they make money. I totally agree with this; it saved me a lot of tuition fees. The first lesson is the safety of principal. Many people will never learn this. I also kept my hands off during the IEO wave. I feel the same way as this guy—protecting your account is more important than anything.

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DataOnlooker

· 01-05 08:01

Wow, this story really sounds incredible. Back in 2016, the courage to go all-in must have been huge... But on the other hand, the move to take 50% of the principal is really ruthless. Most people simply can't do it; they're the type who make 10x and still want 20x.

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Layer2Observer

· 01-05 08:00

Look at this story, and it really touches me. When a coin is worth 6000 yuan, it definitely takes courage to buy in, but the risk control logic that follows is truly worth learning. The wave of IEOs where people held back and watched is particularly interesting—most people regret missing out, but the principle he mentioned, "If you can't see through it, don't touch it," from a source code perspective, is actually a very sound decision-making framework. Technically speaking, betting without understanding the underlying mechanisms is essentially gambling on probabilities rather than investing. The 60-20-10-10 allocation plan, considering the overall context, uses the stability of Bitcoin and Ethereum to offset the high risks of new tracks. In theory, this structured holding method can indeed protect the principal over a long cycle—this is not conservatism, but rather the application of engineering thinking to fund management. However, what remains to be further verified is whether this set of rules can truly hold up under extreme market conditions (such as the 2022 cycle). I agree that making money in an account is a matter of luck, but the ability to avoid liquidation definitely requires discipline.

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FomoAnxiety

· 01-05 07:55

$6000 each, oh my, how determined you must be. Thinking about it now, I really made the right bet... That 50% take-profit rule I need to remember, it's much better than just blindly going all-in now. That wave in 2018 made it clear—wealth on paper is truly just paper wealth. If you can't see through it, then don't touch it. That kind of ruthlessness—many people lost everything during the IEOs at that time. Being able to hold your nerve and pull back is indeed impressive. Living longer is even harder than doubling your money, that really struck a chord... Single coin exposure should never exceed 15%, this risk control awareness is really more clear-headed than most people. To put it simply, greed kills people. The lessons from altcoins cost a lot of money to learn. Layer2 documents should be studied at least half a year in advance—this is for those who are prepared to make money. Never move your principal—that's a rule I will engrain in my mind. I've also seen expert traders get wiped out overnight, it scared me so much I dare not touch leverage.

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ThatsNotARugPull

· 01-05 07:51

Is it worth buying a 6000 yuan coin with a clenched jaw? Brothers, you were really ruthless back then. Looking at this decision now, it was the right gamble in the right direction. Honestly, I agree with the move of only withdrawing 50% of the principal; it's much more sensible than those who dream of tenfold or hundredfold returns every day. But to be fair, only after thoroughly reading the Layer2 documentation did I start to act. Such patience is indeed rare. Most people go all-in just by reading the white paper headline. Protect the principal—that's the real truth. I've seen too many people get rich overnight only to lose everything overnight. Making money depends on luck; staying in the game depends on your brains. How to put it, this risk control logic sounds comfortable, but the number of people who can truly stick with it is few. Back in 2017, that 800,000 yuan shrank to 180,000 yuan, which really woke people up. But now, this mindset is what truly matters.

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