1. I almost got torn apart by the 'boom'.
In 2018, I secretly invested the 120,000 down payment for a house into Bitcoin at a price of $450. A year later, my account surged to 2.3 million, and I thought I had turned my life around. However, when the bear market hit, my assets shrank to 220,000, and I had to use my credit card to cover the rental costs of my homestay in Chiang Mai.
That's when I realized: pigs can fly in a booming market, but those without wings will fall the hardest.
2. Four life-saving rules learned from spending a million on tuition.
① Only earn money within your understanding, and refuse FOMO.
In the early years, I followed the trend and bought 'metaverse land', without even understanding the land use, losing 220,000 in a week. Now I only invest in projects where the underlying logic is clear—such as whether the source of DeFi profits is transparent and whether the tokenomics are sustainable.
② Position management is more important than timing.
My configuration: 50% BTC/ETH (stablecoin), 30% cross-platform arbitrage (interest differential), 20% reserve fund (for buying opportunities). Last year, when ETH retraced to $1200, the reserve fund allowed me to seize the rebound and stay calm.
③ Leverage is a capital harvester, not an amplifier.
On the night of the total contract liquidation, I directly froze the contract function of the exchange. Now when I see ads for 'hundred times leverage', I just want to laugh: the market specializes in treating all kinds of disobedience, and living long is the victor.
④ Only trust on-chain data, don't believe in influencers' calls.
Before the FTX collapse in 2022, I found abnormal reserve data and withdrew funds in advance to avoid disaster. The truly useful 'alpha' is often hidden in contract addresses and on-chain transfers, not in the words of Twitter KOLs.
3. The essence of survival in the crypto world: being clear-headed is more important than getting rich quickly.
Now I don't pursue the myth of a hundred times return; an annualized 20% is the goal. The market always has opportunities, but patience and discipline are the rare commodities.
Just like mining: while others focus on price fluctuations, I am checking mining machine efficiency and power costs; while others FOMO into meme coins, I would rather miss out than touch code I don't understand.
The last heartfelt words:
In a bull market, people become gods; in a bear market, they get killed. If you don't want to be a victim, engrave 'not losing' into your DNA first - preservation of capital comes first, profit second. Follow Ake to learn more firsthand information and precise points in the crypto world; learning is your greatest wealth!#巨鲸动向 #加密市场观察 $ETH
