2026-01-14 06:30:35

#数字资产市场动态 A trading story of an old veteran who served in the 80s: from earning 2 million to nearly losing it all

He never thought he could make so much money trading cryptocurrencies at first. His account grew slowly in the beginning, and as he got a better feel for the market, his confidence also increased—he dared to trade contracts, altcoins, meme coins, and dog coins. During his most疯狂 period, he could make several thousand yuan in a single day, with his account peak reaching over 2 million.

Back then, he really got carried away. During the day, he pretended to be a normal office worker, but at night he was glued to the screen, eyes fixed on the K-line charts. His mind was full of retirement dreams—quitting at 30, traveling around the world with his parents, driving a Tesla while watching the market in a café… These thoughts kept circling in his mind every day.

But reality was not so gentle.

He bought a worthless altcoin, only to see it keep falling endlessly. A 50% drop in a day was considered a modest loss to save face. The day before, he was thinking about hitting 5 million, but the next day, his account was all green, and he was so scared his hands trembled. Later, he added to his positions, stubbornly held on, waited for rebounds… but the more he added, the deeper he sank, losing all the gains he had made earlier, including interest and his mental state.

Everyone should still remember the BIO incident that year—after going live, it plunged 20 times, crushing many investors’ dreams.

**Is making money really hard? Actually, it’s not. The hard part is, after making money, how to control that greedy heart.**

His subsequent progress was: starting from 3,500 USDT, now his account has grown to nearly 1.6 million USDT. When he was making quick profits, it was indeed fast, but when he needed to run, it was also frantic. Instead of desperately chasing higher, it’s better to keep a steady pace—after all, only if you’re alive do you have a chance to turn things around.

This cycle of rapid profits and subsequent losses, many traders have probably experienced it too. If you often cut losses after profits and your rhythm gets chaotic, you might want to try the framework of “watch your position, watch signals, watch take-profit, watch rhythm” to manage risk. But at the end of the day, trading is a path you have to walk yourself; no one can do it for you.

BIO1,39%

View Original

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.

11 Likes

Reward
11
9
Repost
Share

Comment

0/400

hodl_therapist

· 01-17 04:42

Really, greed is more deadly than a decline. Another scam coin bloodbath, wake up everyone. 2 million to the green screen, the contrast is too strong. The moment you add to your position, you've already lost; if your mentality collapses, what's the use of saving? Watching position size and take profit is true, but what about execution? No one has it. There are more chances to turn around alive; holding on stubbornly only leads to death. That wave of BIO indeed trapped too many people, and some haven't gotten out yet. Greed is always the Achilles' heel of trading.

View OriginalReply0

GasFeeNightmare

· 01-16 06:34

Haha, another buddy defeated by greed. 2 million down to the bankruptcy line, this move really serves as a textbook example of a cautionary tale. Watching the market every day, dreaming every day, and in the end, a worthless coin shatters all confidence. I'm just wondering, why do some people always think that making quick money requires leverage and gambling on exotic coins? I also got caught up in the BIO craze back then, that feeling... never mind, I won't say more. Fortunately, I held on later, and now I believe more in the steady approach. After all, in the crypto world, surviving is the real skill.

View OriginalReply0

MetaMisfit

· 01-14 06:59

This story is so real, to put it simply, it's greed taking over... I'm the same way, thinking about going all-in and sprinting to the top, but a scam project directly sent me back to the Stone Age. You can only turn things around if you're alive, this saying hits hard.

View OriginalReply0

ForkThisDAO

· 01-14 06:57

Losing everything once can really teach you a lot, much more effective than reading a hundred tutorials. Jumping into altcoins with the hope of buying a Tesla—this mindset is truly incredible, haha. The trap of averaging down—everyone has their own excuse for falling into it, but the deeper you dig, the worse it gets. The gap from 2 million to a negative balance... I told you greed is a silent killer. Being alive is more important than anything else, this really hit home.

View OriginalReply0

pvt_key_collector

· 01-14 06:57

Crypto coins are really amazing. I totally understand the feeling of going back to the state before liberation overnight. --- Greed is more deadly than the decline itself. Basically, it's just about not keeping a steady mindset. --- From 2 million to total loss, that contrast... it hurts just to look at it. --- I was also involved in that BIO wave. Even now, I still have a psychological shadow over altcoins. --- Adding to positions more and more, sinking deeper and deeper. Everyone understands this simple truth, but when the account hits the red and green lights, nothing else matters. --- Staying calm and maintaining the rhythm is said a hundred times, but few can truly do it. --- From $3,500 to $1.6 million, it sounds so casual. Who knows how much was lost along the way?

View OriginalReply0

BankruptcyArtist

· 01-14 06:56

Ha, it's the same greedy story again, but it really hits home. A few thousand dollars a day makes you feel like you're floating, but then a crash in altcoins wipes everything out. I know this rhythm too well. To put it simply, taking profits is easy to talk about but hell to execute. But going from 3,500U to 1.6 millionU, this guy was still somewhat sober in the later stages, much luckier than those whose dreams shattered overnight. The key is to stay alive, right? Holding on stubbornly isn't courage; it's a gambler's mentality.

View OriginalReply0

RugpullTherapist

· 01-14 06:52

Bro, this wave is truly a textbook-level greed case.

View OriginalReply0

GateUser-3824aa38

· 01-14 06:48

2 million almost lost everything, this reversal is incredible. It can be summarized in one sentence — greed is the best stop-loss.

View OriginalReply0

RetiredMiner

· 01-14 06:31

Really, greed is more deadly than a decline. I totally understand the feeling of going all-in on altcoins, the speed from heaven to hell is so fast that you can't react in time. From 2 million down to almost losing everything, the mental gap... how harsh it is. I've fallen into the trap of averaging down; the more you buy, the deeper you sink, and that's no joke. Stay steady, keep the rhythm, and turn things around—this advice is so practical.

View OriginalReply0