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Don't remind me again today

#香港虚拟资产稳定币监管框架 has been in this circle for nearly ten years, witnessing countless people soaring during the bull run and disappearing without a trace in the Bear Market.



To be honest, I've also fallen down, and I fell pretty badly.

Back in 2021, I made my first pot of gold by relying on a half piece of a big cake, and at that time, I felt on top of the world, thinking I was the trendsetter of the market. On the surface, I chatted with people about "cyclical theory" and "technical analysis," but in my mind, all I was thinking was, "I'll cash out once it rises again."

You know, the market won't follow your script.

That night, staring at the screen watching the market reverse, my first bucket of gold was gone, and I lost everything. To recoup my losses, I made the stupidest decision: swiping my credit card, borrowing from friends, and pledging my car, step by step pushing myself into a deep pit, accumulating debts of nearly 2 million.

For those few months, I was still glued to the market at three or four in the morning, feeling like there was a stone pressing on my chest. My family didn’t dare to say much when they saw me. A buddy advised me: "Stop playing, go back and find a job."

But I can't swallow this anger.

Later, I spent a whole month reviewing, listing out the reasons for each loss one by one. In the end, I found that the problem was not at the technical level—it was human nature: greed, luck, and impulsiveness.

So I set three strict rules for myself: always keep the position light, the logic must be clear, and never hesitate to cut losses.

The first few months were really torturous. Watching others double their accounts, I only dared to test the waters with small positions; when the market came, I only took a small bite and left. But after three months, my account grew from a few thousand to thirty thousand; after another three months, it became over a hundred thousand.

At that moment, I finally understood: this market never rewards gamblers, it only rewards those who can survive.

Later, when the bull run returned, I entered the market in batches while others were all in; when others were chasing the rise, I took profits; when others were panic selling, I slightly added to my position. My account slowly turned profitable, and more importantly, my mindset was rebuilt.

Now I no longer gamble on getting rich overnight, but focus on doing things at a steady pace that I can be sure of. Interestingly, this way I earn more steadily and quickly.
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LiquidityWhisperervip
· 11-27 23:56
Wow, this review really hits home. I totally understand the part about 2 million in debt. If you ask me, most people lose money because of themselves; the technical side is actually a minor issue. Surviving is truly the biggest win. Well said, I'm also working hard on keeping a light position and being strict with stop loss. It takes a lot of willpower to hold back when you see others going all in. So, what do you think about stablecoins now? Getting regulated is favorable information for people like us who are just trying to survive, right? This story needs to be told to every fren around who wants to get into cryptocurrency trading, to avoid more people jumping into deep pits. The most poignant thing is still that saying: the market only rewards those who are alive; everything else is just empty.
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LightningSentryvip
· 11-27 20:45
The 2 million debt period really broke me, the feeling of being unable to swallow that breath is too real. --- Damn, stop loss without hesitation, it's easy to say but really drives people crazy to do it. --- With a small position, just take a bite and leave... I just can't do it, I always want to eat a bit more every time. --- While others are going all in, I'm still calculating the transaction history, that's probably the mindset. --- This is the difference between those who survive and those who get liquidated, realizing it isn't too late. --- Human nature really hits hard, I'm the type with a strong sense of luck, I need to change. --- The account rose from a few thousand to over a hundred thousand, three months of compound interest like this is pretty brutal. --- Not betting on getting rich overnight actually makes it earn faster, strange but true.
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HodlKumamonvip
· 11-25 11:39
This is the real survival guide, all the data is here... The part about 2 million in debt made my heart ache, but the subsequent stop loss discipline and DCA gradual entry should boost the Sharpe ratio, the bear gives you a thumbs up.
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StealthMoonvip
· 11-25 11:19
This is the truth, most people can't learn at all. --- The part about the 2 million debt made my back chill, fortunately, you got through it. --- You're right, surviving is the top priority, the death rule really saves people. --- Now this market likes to test human nature, those who are greedy have all exited. --- Light positions and quick stop losses, these three rules are simply golden rules, but unfortunately, too few people understand them. --- I've also experienced those days of staring at the screen at 3 or 4 AM, it's really worse than death. --- From going all in to splitting positions, the mindset has completely reversed, right? This is growth. --- Those who can analyze the reasons for their losses one by one will eventually turn things around; the suffering wasn't in vain. --- Not gambling on overnight wealth but instead earning quickly, this logic is amazing. --- Are those who went all in during the bull run still buying the dip now? Haha.
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Ramen_Until_Richvip
· 11-25 11:16
Indeed, the human aspect is much harder than the technical one. --- I felt a bit uncomfortable reading about the 2 million debt, but that's the truth. --- That's why I respect those who are in small positions even more now. --- Stop loss without hesitation; it sounds easy, but it's really tough to execute. --- When others are all in and doubling their money, I also feel the urge, but thinking about your story calms me down. --- Clear-headed people don't make money that quickly, but they live longer. --- The market rewards not the smart ones, but those who survive; this saying is worth a million in tuition. --- Staying up at three or four in the morning watching the market hit me; it's so real. --- The mindset shift from being a gambler to having stable cash flow is the most expensive lesson. --- Light positions, clear logic, quick stop loss; it's so simple that nobody believes it.
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