20000 to 7000000: In the cryptocurrency world for ten years, I only relied on three boring principles

In 2015, I first heard about Bitcoin. At that time, the price was just over 2000 RMB, and I invested two months' salary, twenty thousand.

I knew nothing, purely curious. Three months later, it doubled. That feeling was like suddenly discovering a backdoor to the world—money could come so easily.

Greed instantly devoured reason. I began to study various "hundred-fold coins," my mind filled with myths of getting rich. In 2017, I heavily invested in a coin called "嫩模币 (Nengmo Coin)."

Yes, the name is that absurd. It rose tenfold in a week, and my account numbers jumped wildly. I didn't sell, firmly believing it could reach a hundredfold.

As you guessed, a week later, the project team ran away, and the coin price went to zero. Fifty thousand principal, instantly evaporated.

That was my first liquidation. Sitting in front of the computer, my hands and feet were cold.

It wasn't the money I was upset about, it was a sense of humiliation of being publicly stripped bare.

The market told me in the most direct way: the money you earn by luck will definitely be lost back by strength.

The real turning point was in 2019. I stopped chasing trends and did three simple things:

First, only buy coins whose underlying logic I can understand. For example, I studied the concept of Ethereum and smart contracts repeatedly for two months.

Second, no investment should exceed 10% of total capital. Even if it looks like a "sure-win" opportunity.

Third, set strict profit and loss limits. Profit of 50% must cash out half, and a loss of 20% means leaving unconditionally.

These three points are extremely boring and lack technical content, but they helped me survive the DeFi wave in 2020 and the bull market in 2021, steadily accumulating.

My account grew from thirty thousand after the first liquidation to a seven-figure sum. I didn't catch any thousand-fold coins; I just didn't die in any pit.

Ten years have passed, I have seen neighbors who became rich overnight and those who jumped off buildings, losing everything. The market never creates wealth; it is only a redistributor of wealth.

So, if you ask me what experience I have, it's just one sentence: never think you are going to the market to pick up money; you are going to exchange cognition for rewards.

If your cognition is insufficient, money will flow into other people's pockets. The market is very fair, fair to the point of being cruel.