Ten Years in the Crypto Circle | From Losing All Savings to Steady Profits, My Heartfelt Advice

Honestly, after being in the crypto circle for a long time, I’ve seen too many myths of overnight riches and witnessed too many people crash and burn, losing everything.
I myself started as a rookie, chasing pump-and-dump schemes, FOMOing into positions, and blowing through years of savings, even considering giving up at one point.
Now, being able to stand firm in this market isn’t luck; it’s the underlying logic and survival rules I’ve distilled after falling into all the pits.
Today, I’m not talking about empty theories—these are heartfelt suggestions. Whether you’re a newcomer just starting out or an old hand struggling in the market, read carefully—this can help you avoid three years of detours.
Core idea: Surviving is more important than making quick money.
The essence of the crypto circle is a zero-sum game: 90% of people lose money, only 10% make money. And these 10% share a common trait—respect for the market and leaving room for error.
CZ also said he’s seen countless complex trading strategies, but ultimately, the simplest “buy and hold long-term” often outperforms most people. But the premise is, you must survive the alternating bull and bear markets.
Must-Read 5 Survival Tips (Newbies, just copy this)
❶ Never invest money you can’t afford to lose
This is the bottom line! Use spare cash, avoid borrowing, don’t use credit cards impulsively, and don’t dip into living expenses. I’ve seen too many people risk their entire net worth, only to see their lives fall apart after a market crash. It’s not worth it.
Remember: the market always offers opportunities, but your capital only has one shot.
❷ Reject FOMO, don’t be the bagholder
In 2021, when meme coins surged 100x, countless people rushed in crazily, only for the price to fall 90%. Some still haven’t recovered.
My usual approach is: when a coin is surging, set a 24-hour cooling-off period. No matter how tempting, don’t rush in impulsively. The hotter the market, the more you need to stay sober—greed is the root of losses.
❸ Position management is a lifeline—don’t put all your eggs in one basket
Newbies shouldn’t copy the big players’ heavy positions or over-diversify (holding dozens or even hundreds of coins is unmanageable).
I recommend the “532 allocation method”: 50% mainstream coins (Bitcoin/ETH, stable), 30% potential sectors (Layer 2, AI, etc., for gains), 20% high-risk exploratory trades (small positions for trial and error). It’s balanced and offers opportunities.
Also, don’t risk more than 5% of your total funds on any single high-risk trade to avoid losing everything in one mistake.
❹ Stay away from leverage and derivatives—beginners will lose
I’ve seen too many experts get wrecked by leverage, including Yi Lihua, who rose from a rural teen to a top influencer in the crypto circle. He lost nearly $700 million in 8 days after trying to bottom-fish with leverage, falling back to square one overnight.
Leverage amplifies gains but also magnifies losses—it's a double-edged sword. First, master spot trading, then consider other strategies. Slow and steady wins the race.
❺ If you lack understanding, don’t touch what you don’t know
Many follow the hype of meme coins, only hearing “can multiply 10x or more,” but they don’t understand the project’s business model or technical logic, ending up as victims of pump-and-dump schemes.
Remember: Narrative > fundamentals, but only if you understand the logic behind the narrative. Don’t invest in projects you don’t understand, no matter how hot they are. Money within your knowledge scope is the money you can earn steadily.
Big-picture mindset: Long-termism, reject internal conflicts
① Spend less time on short-term K-line charts, focus more on long-term trends. The long-term value of Bitcoin and Ethereum is widely recognized. No matter how big the short-term fluctuations, don’t let emotions drive your decisions—frequent trading only increases losses.
② Learn to cut losses early—don’t be greedy or stubborn. Lock in profits when you can (e.g., take some profits at 10%), and cut losses promptly. Don’t cling to the hope of a rebound and hold on stubbornly—admitting mistakes is more respectable than stubbornly fighting.
③ Keep learning and building your knowledge. The crypto market updates rapidly. Spending 30 minutes daily on news and technical learning boosts your confidence and foundation in this market.
Finally, a harsh truth: there are no shortcuts or guaranteed profits in crypto trading.
Those who can truly profit long-term are not lucky—they understand how to control their desires, respect the market, and keep growing.
May you both seize opportunities and protect your capital in the crypto circle, gradually becoming wealthier. #BTC