#数字货币市场洞察 Eight Years Trading Crypto: Survival Rules from 50,000 Yuan to Tens of Millions

I’m 37 this year, originally from Fujian, now settled in Hangzhou. I own two properties: one to live in, the other rents out to help with household expenses.

To be honest, I’m no investing genius. In 2017, I entered this market with only 50,000 yuan, and in less than half a year, I lost it down to 10,000. Back then, I really couldn’t sleep at night.

But relying on some “crude” methods that so-called “pros” in the circle look down on, I managed to climb out of the hole. Now my assets are worth tens of millions. The most memorable time was flipping my portfolio 100x in just three months, pushing me into eight figures.

This isn’t bragging, but hard-learned lessons from over 2,900 days of real trading. Today, I’ll share a few hardcore survival tips—hope they’ll help you pay less tuition:

**1. Bull Markets Are Never Fields of Gold**

I’ve seen too many retail investors swing at everything during bull markets and end up catching nothing. My strategy is simple: focus on a single sector and only ride the main upward trend.

For example, when a new narrative suddenly gets hot, I double down on that track, digging deep into the leading projects and potential laggards. As long as I pick the right direction, one wave is enough to fill up. Spreading yourself too thin never works, especially in crypto.

**2. New Tokens Beat Old Coins**

Old tokens that have crashed look cheap, but most are just junk assets. The market always chases new narratives, new expectations, and new hype.

Don’t be fooled by so-called “value investing.” In this space, being outdated is the same as being out. Don’t let sentiment control your wallet.

**3. Leverage is a Double-Edged Sword**

I’ve played with leverage; at my peak, I did make eight figures, but I’ve been liquidated more times than I can count. If you really want to try:

- Never allocate more than 30% of your funds to a single position
- Keep leverage under 5x
- Make stop-losses as routine as eating and sleeping

Break any of these, and you’ll eventually lose your capital.

**4. Market Cycles Are Law**

Crypto has a roughly four-year cycle—this is history-proven. At the end of a bull market, you must clear out all your altcoin positions!

Spotting the top is simple: when your delivery guy and barber start asking which coin can 10x, it’s basically your signal to exit.

If you stick around hoping for more, the coming bear market will show you what a 90% drawdown hell looks like.

I’ve seen it too many times: a year of wild gains in the bull, zeroed out in three months of bear. I have no inside info, and I’m not a prodigy—I simply survived with these “clumsy” rules. And I’ve done better than most people who thought they were smart.

So stop dreaming about “which coin will make me rich.”
First, ask yourself: when your portfolio drops 90%, can you keep your cool and stay in the market?

This space never lacks get-rich-quick opportunities.
What’s truly rare are traders who can survive the winter and make it to the next spring.