2025-12-30 00:23:24

Those ads claiming "10,000 yuan in three months can multiply by 500 times"—I believed them when I was young. When I first entered the market, I took half a month's salary to buy a so-called "revolutionary" clone coin. The account increased by 30% in two days, and I truly thought I was a trading genius at that moment. Looking back at those profit screenshots, I started fantasizing about all kinds of beautiful lives.

But on the third day, the project team disappeared silently. The account shrank by 80%.

This is what I want to say: in the crypto market, surviving is much more important than making quick money. After five years of repeated trial and error, I have developed a stable trading system from being a frequently cut-up rookie. The following three lessons are each blood and tears paid in real money.

**The greater the temptation of leverage, the greater the risk**

I used to be a die-hard fan of leverage. The thrill of 20x leverage, making a floating profit of 500,000 in a day, was truly addictive. During that period, I even started looking at luxury house listings, feeling that financial freedom was within reach.

Then, one weekend, a policy news caused the market to plummet 20% in two hours. My account went from 500,000 to zero in a few minutes. I still remember that feeling clearly—like being slapped hard.

High leverage is actually like dreaming on the edge of a cliff. The seemingly large profits are actually the reciprocal of risk. A sudden market fluctuation or an unexpected piece of news is enough to make you drink a whole pot.

Now, I strictly keep my leverage within 3x, and never exceed 5% of the total position in a single leveraged trade. This is not some profound theory, just an attitude issue. When you truly give up the idea of overnight riches, you'll find your trading mindset suddenly becomes clearer.

After so many years of trading, I have seen too many people blow up during market volatility. They all share one common point: they want to gamble with leverage.

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DefiOldTrickster

· 16h ago

Hey, well said, brother. I was also liquidated back then, and thinking about it now, it's really damn ridiculous. Back when I used 20x leverage, I dreamed every day of buying a villa, but then a single bearish news wiped me out instantly. That feeling... Sigh, sticking to 3x leverage is more reliable; at least I can survive to review the situation, right.

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MetaMisery

· 16h ago

Really, I’ve also experienced the 20x leverage phase. Looking back now, it’s terrifying. Living is the top priority. --- At the moment of liquidation, I was shattered. Now I trade honestly with 3x leverage, earning less but sleeping much better. --- The story of using half a month's salary to buy altcoins is too heartbreaking. That’s just me hahaha. --- Leverage is truly like dreaming on the edge of a cliff. One message can pull you from heaven to hell. --- I’ve seen too many liquidations and thought I could win that one gamble, but in the end, I lost everything. --- After giving up the dream of getting rich quickly, my trading mindset became much clearer. This statement is spot on. --- I understand the feeling of losing 80%. Now I don’t dare to use high leverage anymore. --- The thrill of leverage is proportional to the risk. I’ve learned my lesson, but there are still too many people in the market who haven’t awakened. --- Living is more important than making quick money. That’s my current trading philosophy.

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liquiditea_sipper

· 16h ago

The lessons learned from real money are the most genuine --- I also went through the 20x leverage phase, and I still break out in cold sweat when I think about it --- Living is truly more important than anything else; the later you realize it, the more it hurts to cut losses --- Those screenshots are what scammers hate the most; I always want to screenshot and slap them in the face --- I remember the 3x leverage number; it's not about being conservative, but about living longer --- The moment 50万归零 (500,000 yuan wiped out) happened, how desperate I felt—I have experienced that feeling --- You're absolutely right, leverage is like poison; if you can't quit, you're just waiting to die --- Buying fake coins with half a month's salary haha, I've also done such stupid things --- Giving up the dream of getting rich quickly is the real first step to making money

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ContractFreelancer

· 16h ago

Experienced veterans know, I've heard this set of arguments too many times, but I don't know how many people can really do it. My personal experience is indeed there; I’ve also experienced the joy of losing 500,000 overnight, but what’s even worse is that a friend directly爆仓 and ended up in debt. Now I see many newcomers still dreaming about 20x leverage, and there's no way to persuade them. By the way, regarding your strategy of three times leverage with 5% position size, how exactly do you execute it? Are there more detailed stop-loss rules or similar? This article really hits home, maybe because it’s too genuine and not so motivational. That’s why I only trade spot now, too lazy to worry about爆仓.

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BTCRetirementFund

· 16h ago

Everyone understands this principle, but they just can't help it. Really, I’ve been through it too, and I’m still paying off the debt. The moment the dream of overnight wealth shatters, I realize that merely surviving is the highest realm. I’ve played with 20x leverage, and after one explosion, I never touch it again. It’s damn刺激. Being able to survive and make money is good enough; don’t think about earning ten thousand a month. You’re absolutely right. I have another friend who just爆仓. Leverage is the devil. Don’t tell me about risk management; it’s just gambler’s psychology at work.

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