#比特币与黄金战争 Ten years ago, I entered the crypto world with 80,000 yuan, and at that time I was completely clueless about this market. I heard stories of people getting rich overnight, and also stories of losing everything. I knew very well that if I wanted to survive here, I could only learn desperately and endure relentlessly.
**Level One: Don't Die First**
I was impulsive at the beginning. Chasing rallies and selling on dips, going all-in on futures, getting liquidated—losing more than half of my capital in one go. Later, I realized that the most important lesson in the crypto world isn't how to make money—it's how not to lose money. I quit futures trading and shifted to airdrops, arbitrage, small-scale trial and error, and in this way, I protected my principal. It may seem boring, but survival is the top priority.
**Level Two: Be Prepared, Opportunities Will Come**
The 2017 market rally was my turning point. I bet correctly on Ethereum and several promising projects, and my assets multiplied several times for the first time. Many around me were frantically leveraging up to accelerate gains, but I chose to take profits and keep some to explore new opportunities. Because I knew that every bull market has an end, and a bear market will eventually knock on the door.
**Level Three: The More Stable, the Faster**
Later, I developed a habit—only engage with opportunities I understand. During bear markets, stay dormant; during bull markets, take action. No greed, no impatience, no reckless moves. Assets are like a snowball—growing from 80,000 to 1 million, then to 5 million, 10 million, and today it's 20 million. It sounds like a fairy tale, but it’s just repeating one action every day—waiting, observing, executing.
**A Few Words for Those Who Want to Long-Term in Crypto:**
Principal is the bottom line. Without it, everything is gone. Futures can be tried, but don’t treat it as your main career. Many people get stuck here. Bull and bear cycles are real; wealth is hidden in the stacking of multiple cycles, not in a single doubling. Lastly—opportunities are always there; the key is whether you can survive until that moment.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
9 Likes
Reward
9
8
Repost
Share
Comment
0/400
LuckyBlindCat
· 11h ago
Living until that moment is the real thing, this saying hits too close to home.
---
Contracts are truly poison; I've seen too many people lose everything in one go.
---
From 80,000 to 20 million, luck also plays a part, but mindset is definitely the most important.
---
Not losing money is much harder than making money; I have deep personal experience with this.
---
The superimposition of bull and bear cycles may sound simple, but actually enduring the loneliness is really necessary.
---
The key is to live long enough; opportunities will come.
---
Protecting the principal is truly the top priority; without capital, nothing can be discussed.
---
Only take on opportunities you understand; cultivating this habit can indeed help avoid many pitfalls.
---
Who isn't regretful about the 2017 market rally? The key is whether we can repeat that process later.
---
The snowball metaphor is perfect—take it slow, don’t rush.
View OriginalReply0
GateUser-40edb63b
· 15h ago
Living > Getting Rich, this statement is really fucking realistic.
---
Contracts are indeed harvesters; I've seen too many people go all-in and then get wiped out completely.
---
From 80,000 to 20 million, it sounds great, but I believe in this logic—it's really about execution.
---
Many people fail because they still think about quick money during a bear market, and they never get that moment.
---
Holding onto the principal is truly worth 100 million; new people in the crypto world just don't listen to this truth.
---
Not greedy, not impatient—easy to say, but when the market takes off, few can really hold on.
---
Boring airdrops and arbitrage, surprisingly, have become the most profitable way to make a living—ironic, isn't it?
---
People who bet correctly on ETH in 2017 are now bragging, but those who actually made money haven't really boasted much.
---
Ten years of sharpening the sword just for that moment—whether it's gambling or investing, I can't tell the difference anymore.
---
The snowball theory sounds right, but the premise is that you have to live until the day the snowball starts rolling.
View OriginalReply0
LightningSentry
· 12-26 13:28
Damn, this is the real wisdom of the crypto world, not those hype-filled content farms.
Living is more important than making money; this phrase needs to be etched into your mind.
Contracts are truly a meat grinder; I've seen too many people lose everything with a single all-in.
Wait, observe, execute—it's easy to say but incredibly hard to do. Controlling desires is the greatest cultivation.
Where are the people who got into Ethereum during the 2017 surge now?
The key is still not to be greedy; those who were greedy all died at the high points.
View OriginalReply0
gaslight_gasfeez
· 12-26 13:27
Really, being alive is the key. When others go all-in, I just lie flat. This is the winning mindset.
View OriginalReply0
DataChief
· 12-26 13:25
Wow, this is the true meaning of survival
Preserving the principal is really the first lesson. I learned this the hard way back then
The key is to have patience; most people lose everything because of greed
View OriginalReply0
GateUser-2fce706c
· 12-26 13:13
Oh, you're right, principal is really fate. I almost got wiped out by a full-position contract back then.
---
I didn't get on the Ethereum train in 2017, and I still regret it. I've always said to seize this wave of opportunities.
---
Bear market dormancy, bull market action. I've been telling people this logic three years ago, but unfortunately, many didn't listen.
---
Contracts are really a dragon-slaying sword. One careless move and you'll be slaughtered. I've paid my tuition fees too.
---
From 80,000 to 20 million, this is the power of being early. Those still doubting now are just like those who doubted the internet back then.
---
I observe when others go all-in, I act when others panic. That's the difference. Opportunity waits for no one.
---
Only take on opportunities you understand. This is the key point. Many people get wiped out by blindly chasing trends.
---
The cruelest thing in the crypto world isn't losing money, but not surviving to the next bull market. I haven't said this before, but I truly think so.
---
Small-scale trial and error is the right approach. It allows you to gain experience and protect your principal. Win big!
View OriginalReply0
blockBoy
· 12-26 13:12
Really, the principal is more valuable than anything else. That contract thing is just a machine for harvesting leek profits.
View OriginalReply0
MetaDreamer
· 12-26 13:02
Really, living is the true way, I’ve also fallen into the trap of contracts...
---
From 80,000 to 20 million sounds great, but the premise is that you’ve endured how many times of temptation to go all in
---
The words "bull and bear cycles" hit too close to home, how many people have died in a single "doubling dream"
---
Not being greedy is easy to say but hard to do, especially when you see others making quick money
---
Still that saying — if the principal is gone, it’s really gone, this is a painful lesson
#比特币与黄金战争 Ten years ago, I entered the crypto world with 80,000 yuan, and at that time I was completely clueless about this market. I heard stories of people getting rich overnight, and also stories of losing everything. I knew very well that if I wanted to survive here, I could only learn desperately and endure relentlessly.
**Level One: Don't Die First**
I was impulsive at the beginning. Chasing rallies and selling on dips, going all-in on futures, getting liquidated—losing more than half of my capital in one go. Later, I realized that the most important lesson in the crypto world isn't how to make money—it's how not to lose money. I quit futures trading and shifted to airdrops, arbitrage, small-scale trial and error, and in this way, I protected my principal. It may seem boring, but survival is the top priority.
**Level Two: Be Prepared, Opportunities Will Come**
The 2017 market rally was my turning point. I bet correctly on Ethereum and several promising projects, and my assets multiplied several times for the first time. Many around me were frantically leveraging up to accelerate gains, but I chose to take profits and keep some to explore new opportunities. Because I knew that every bull market has an end, and a bear market will eventually knock on the door.
**Level Three: The More Stable, the Faster**
Later, I developed a habit—only engage with opportunities I understand. During bear markets, stay dormant; during bull markets, take action. No greed, no impatience, no reckless moves. Assets are like a snowball—growing from 80,000 to 1 million, then to 5 million, 10 million, and today it's 20 million. It sounds like a fairy tale, but it’s just repeating one action every day—waiting, observing, executing.
**A Few Words for Those Who Want to Long-Term in Crypto:**
Principal is the bottom line. Without it, everything is gone. Futures can be tried, but don’t treat it as your main career. Many people get stuck here. Bull and bear cycles are real; wealth is hidden in the stacking of multiple cycles, not in a single doubling. Lastly—opportunities are always there; the key is whether you can survive until that moment.