In 2017, I made a decision that shocked the people around me: I invested the entire 80,000 yuan down payment I had saved for two years into Bitcoin, which was then priced at 450 dollars per coin.

A year and a half later, as I stood on the beach in Phuket, watching my account balance soar to 2.3 million, I felt as if fate was smiling upon me. However, the good times didn't last long, as the bear market of 2018 hit, and my assets plummeted from 2.3 million to 220,000. Once carefree spending at seaside hotels, I now hesitated over whether to extend my stay in the cheapest room.

This experience made me deeply realize that the key to long-term survival in the cryptocurrency market lies not in luck, but in the level of understanding. Through multiple painful lessons, I have summarized the following valuable experiences:

First of all, only invest in projects that you understand. I once blindly followed the trend and bought NFTs, resulting in a loss of 250,000 in three days, which made me realize that it is difficult to hold onto investments outside of my cognitive range for the long term.

Secondly, reasonable asset allocation is crucial. I currently allocate 55% of my funds to Bitcoin and Ethereum, 35% for arbitrage operations, and 10% invested in small projects. This allocation method allows me to remain calm even during significant market fluctuations.

Third, stay away from leveraged trading. In the past, using contract trading led to liquidation, wiping out all profits. Now I have deleted all applications involving leverage because in the cryptocurrency market, "just add a little leverage" is often the most dangerous temptation.

Finally, information acquisition must trace back to the source. I no longer blindly trust others' calls or chase trends, but focus on analyzing data, studying white papers, and understanding on-chain logic, relying on my own judgment to make decisions.

In 2022, I timely liquidated my LUNA holdings, avoiding a 90% crash. This experience made me fully understand that wealth accumulation is not based on impulse and luck, but requires long-term accumulation and sedimentation.

Nowadays, I no longer pursue high profits, but instead set my goal for a stable return of 20% per year. Because in this market, the real winners are not those who make the most in the short term, but those who can survive for the long term.

The cryptocurrency market is like walking in the dark, but as long as you stick to your own rhythm and principles, you will eventually see the light ahead.