#山寨币行情即将来临? That winter in 2017, an electric blanket in a Beijing basement was my only source of warmth. Six square meters of space, and my bank account balance was in the triple digits.
By day, I waited tables to make ends meet; by night, I stared at the flickering candlesticks on the screen—not knowing then that these numbers would rewrite my life.
Eight years have passed, and my account balance has grown to just over 22 million. It’s not because of any extraordinary talent—just the result of taking enough hits in the market.
**Lesson One: A Deep Pit Always Follows a Surge**
During the wildest days of the 2017 bull run, an altcoin I tracked shot up 320% in ten days. I threw my entire 80,000 yuan into it, thinking I’d cracked the code to wealth. Three days later, it crashed—down 18% in a single day, evaporating 60,000 yuan in a week.
Looking back, I finally saw it clearly: when a coin surges more than 30%, moves sideways for three to five days, and then drops 15% on high volume—that’s the main players exiting. Now, when I see that pattern, I don’t even hesitate.
**Lesson Two: High-Level Consolidation Is a Gentle Trap**
In 2019, I held a major coin as it traded sideways for two months. I thought it was winding up for a breakout and added leverage to my position. I ended up getting cut in half.
The truth is: when sideways trading lasts more than 20 days, turnover rate drops below 2%, and the price deviates more than 20% from the 20-day moving average, it’s not building up strength—it’s slowly being unloaded. Now, when my system flags this pattern, I start reducing my position that same day.
**Lesson Three: Watch Volume, Not Price, When Bottom Fishing**
On March 12, 2020, during that crash, I tried to catch the bottom on $LINK and got trapped hard. Later, I realized that the real bottom is marked by “consolidation on low volume + three consecutive days of mild rising volume with small green candles.”
Last year, when BTC dropped to $25,000 and that signal appeared, I went all-in and exited at $42,000, earning 5.8 million on that trade.
**Surviving Is More Important Than Getting Rich Fast**
Now I only ever go half in and never touch leverage. Last year, I only entered $PEPE after it had quintupled in volume, and as soon as the trend broke, I took profits. In the end, I caught a 12x gain and avoided the subsequent crash.
This market never rewards the smartest—it only selects for those who can survive the longest.
Market patterns can change, but the fundamentals of human greed and fear never do. Hold your ground, and you might go far.
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.
5 Likes
Reward
5
4
Repost
Share
Comment
0/400
FlatlineTrader
· 21h ago
The coin-hoarding, lying-flat group has seen too many dreams of wealth shattered by greed.
View OriginalReply0
NestedFox
· 21h ago
After 6 years of heavy losses, I finally realized that only by staying alive can I make a comeback.
View OriginalReply0
NoodlesOrTokens
· 21h ago
Another one of those anxiety-inducing stories... basement electric blanket, three-digit balance, making 22 million in 8 years—there's no shortage of people crafting these kinds of narratives.
Selling ideas is truly profitable; telling stories is much easier than trading coins. This account is probably here just to cash in.
View OriginalReply0
NftRegretMachine
· 21h ago
It’s always the same talk, I’ve heard it a hundred times... How many people who actually made money dare to come forward and speak about it?
#山寨币行情即将来临? That winter in 2017, an electric blanket in a Beijing basement was my only source of warmth. Six square meters of space, and my bank account balance was in the triple digits.
By day, I waited tables to make ends meet; by night, I stared at the flickering candlesticks on the screen—not knowing then that these numbers would rewrite my life.
Eight years have passed, and my account balance has grown to just over 22 million. It’s not because of any extraordinary talent—just the result of taking enough hits in the market.
**Lesson One: A Deep Pit Always Follows a Surge**
During the wildest days of the 2017 bull run, an altcoin I tracked shot up 320% in ten days. I threw my entire 80,000 yuan into it, thinking I’d cracked the code to wealth. Three days later, it crashed—down 18% in a single day, evaporating 60,000 yuan in a week.
Looking back, I finally saw it clearly: when a coin surges more than 30%, moves sideways for three to five days, and then drops 15% on high volume—that’s the main players exiting. Now, when I see that pattern, I don’t even hesitate.
**Lesson Two: High-Level Consolidation Is a Gentle Trap**
In 2019, I held a major coin as it traded sideways for two months. I thought it was winding up for a breakout and added leverage to my position. I ended up getting cut in half.
The truth is: when sideways trading lasts more than 20 days, turnover rate drops below 2%, and the price deviates more than 20% from the 20-day moving average, it’s not building up strength—it’s slowly being unloaded. Now, when my system flags this pattern, I start reducing my position that same day.
**Lesson Three: Watch Volume, Not Price, When Bottom Fishing**
On March 12, 2020, during that crash, I tried to catch the bottom on $LINK and got trapped hard. Later, I realized that the real bottom is marked by “consolidation on low volume + three consecutive days of mild rising volume with small green candles.”
Last year, when BTC dropped to $25,000 and that signal appeared, I went all-in and exited at $42,000, earning 5.8 million on that trade.
**Surviving Is More Important Than Getting Rich Fast**
Now I only ever go half in and never touch leverage. Last year, I only entered $PEPE after it had quintupled in volume, and as soon as the trend broke, I took profits. In the end, I caught a 12x gain and avoided the subsequent crash.
This market never rewards the smartest—it only selects for those who can survive the longest.
Market patterns can change, but the fundamentals of human greed and fear never do. Hold your ground, and you might go far.