2025-12-25 14:20:24

Recently, I saw someone being fooled by the "Hundredfold Myth." A 22-year-old guy invested 28,000 yuan of his half-year rent into a certain altcoin, and three days later, his account was left with just over 300. Stories like this happen almost every day in the crypto market.

Having been in this circle for 5 years, I’ve seen too many extreme cases. Some are awakened at 3 a.m. by margin call messages, trembling in front of their computers calculating losses; some follow the trend and buy "dog coins," which then drop 90% in three days; of course, I’ve also seen people withstand the bear market through dollar-cost averaging and double their assets in the bull market.

The most impressive case I remember is a 35-year-old programmer whose account once had nearly ten million yuan. During the Luna crash, his assets nearly wiped out in just three days. Later, I heard he couldn’t sleep at all, and his wife had to force him to eat something.

The biggest lie in the crypto world is "easy wealth." Those who truly live well see this as a battlefield for cognitive realization, not a casino.

**Regarding risk management, here are some hard truths:**

First, invest with spare money. Divide your funds into five parts, only use one part at a time. This way, even if your judgment is wrong, you won’t be wiped out. Set a stop-loss line—sell immediately if you lose 10%, regardless of market hype.

Second, don’t be scared by short-term rises and falls. Although Bitcoin’s liquidity has improved a lot, volatility remains normal. The rhythm of the crypto market is fast, and those with unstable mindsets often cut their losses at the worst times.

Finally, beware of any promises of high returns like "moonshots." The crypto space is full of opportunities, but also full of tricks. Those promoting "capital preservation" and "steady income" often have hidden agendas.

The ups and downs of the crypto market over the past 10 years tell us that surviving is more important than making quick money.

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BearMarketBuilder

· 3h ago

Really, I personally saw people around me go bankrupt during the Luna wave... Now I see a 22-year-old guy still repeating this mistake, it's exhausting.

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MoonMathMagic

· 3h ago

Uh... Luna's move was really incredible, I've seen too many people give up and fall apart --- Diversifying risk sounds easy in theory, but it's too hard to actually do --- At 22, I already spent all my rent, how much imagination does that take --- I just want to know where those "principal protection" people are now --- Mindset is really the biggest enemy, I've seen people who make money end up cutting everything off --- Investing with spare money sounds good, but who really has spare money --- I've also heard about that Luna guy, his mindset completely collapsed --- Setting a 10% stop-loss seems simple, but in practice it's like cutting flesh with a knife --- Every day there's a new story in the crypto world, but the tricks are always the same --- Living faster than making money is so true, too many people fall before dawn

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ChainBrain

· 4h ago

28,000 just to want to turn around a hundred times, how naive is that haha That Luna wave was indeed terrifying, I've seen too many people become impoverished overnight Without a hard stop-loss line, you can't survive at all, I've learned this the hard way Every day I see people being "carried away" and tricked in, the套路 is really clever DCA (Dollar Cost Averaging) is actually the most stable method, it really tests patience, brother Bitcoin's volatility is just like this, those with poor mentality have already cut losses Investing with spare money, this is so true, if you can't afford to gamble, don't gamble Seeing the margin call messages, it's really quite scary Easy wealth? Ha, there's no such thing in the crypto world

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GasFeeVictim

· 4h ago

Another case of huge loss, really can't see what's different --- That Luna wave was indeed incredible, a friend's account went from over 8 million to zero directly, still haven't recovered --- The five rules are basically like that, the key is to control your desires, isn't it --- A hundredfold coin a hundred times... if it could truly make steady money, it wouldn't be called a casino --- The phrase "Living is more important than making quick money" really hits home, too many people just can't listen --- Shiba Inu coin... I've been trapped too, now I stay far away from this kind of stuff --- Setting a 10% stop-loss sounds simple, but when you lose 8%, you just want to hold on and gamble for a rebound, who isn't torturing themselves like this --- Bitcoin has much better liquidity, but its volatility can still instantly crush those with unstable mindsets --- I haven't seen a single one of those so-called "bring you to the moon" guys living well

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NFT_Therapy_Group

· 4h ago

28,000 in three days left with 300... This is the daily life in the crypto world, really. I was also involved in that Luna wave, I still remember that feeling. It's true that investing with spare money is the right approach; I've seen too many people go all-in. Mindset is really more important than technical skills; the worst thing is to cut losses at the lowest point. The phrase "capital preservation with steady returns" is obviously a scam; anyone who believes it is doomed.

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