2026-01-15 06:21:44

Having been in the crypto space for eight years, the most unforgettable period was the dark times in the first two years with contracts. It’s not about a few big wins, but that as soon as you deposit coins and go out for a drink, your account can be wiped out in an instant.

It took me a while to realize — the market has always been there; what changes is your impatience, greed, and constant desire to get rich overnight. Although I haven't made a fortune yet, at least I’ve completely bid farewell to the nightmare of liquidation.

Here are some heartfelt words for friends who are new to the circle, to help you avoid pitfalls:

**Don’t add to your position when you’re caught**

Many people try to add to their position to rebound after being caught, but that’s the most dangerous idea. The real purpose of adding to your position is to cut losses, not to turn things around. If your mind is full of dreams of huge profits, you’ll push yourself to the edge of liquidation next time.

**Consolidation on the K-line is a test**

A sideways market that seems to do nothing often hides a big move. No matter how much it rises, it must pull back — that’s an iron law. The trick is simple — buy when no one is paying attention, sell when everyone is crowding in. During consolidation, holding your finger steady is already half the success.

**Position management is the line between life and death**

Full position trading in the crypto world is like suicide. The market changes too quickly, so always leave yourself an exit. One wrong judgment can wipe you out, and no one can afford that cost.

**In the end, it’s all about mindset**

The core test in crypto isn’t some advanced technique, but self-control over human nature. Greed leads to chasing highs, fear leads to cutting losses. Tossing back and forth like this, even a lot of money can vanish into thin air. Those who last till the end are those who stay calm and steady.

These words may sound harsh, but they can truly save your life. If you’re new and still exploring, don’t take the detours I’ve already taken.

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GasWaster69

· 10h ago

I was moved to tears. The part about adding to my position really hit home. I lost five figures last year because of this.

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memecoin_therapy

· 10h ago

Adding to your position is really a trap that kills people. I've seen too many retail investors lose their money this way. Full position is just asking for death; mindset is the last way out. Sideways trading tests human nature the most; itching to trade will get you nowhere. These eight years of lessons, to put it simply, are two words—stop loss. Greed doesn't kill the cat, it kills the wallet.

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RetailTherapist

· 10h ago

That's so true. I've also been caught by buy-the-dip several times; it's truly a painful lesson.

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MissingSats

· 10h ago

The rebalancing strategy is really a death sentence package. I've seen too many people double down and end up completely wiped out, it feels just like a gambler's mentality.

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SignatureLiquidator

· 10h ago

Really, that one time I was fully invested almost took me out, and now I’m terrified. I’ve jumped over the trap of adding to my position more than once, thinking I could turn things around each time, but the result was just accelerating towards liquidation. Sideways trading is really a test of human nature. I now have my finger firmly on the trigger, waiting for the right opportunity. That’s right, in the crypto world, ultimately it’s all about mentality; skills and techniques are just illusions. Regarding mentality, honestly, I am much more stable now than two years ago, even though I’m not making as much profit. Position management is truly the key; the cost of going all-in once is too high. It would have been better to heed these warnings earlier, saving me a lot of painful lessons. Holding steady without making moves is often the start of making money. Now, I prefer steady trades that earn less but give me good sleep, haha. I’ve fallen into the cycle of greed and cutting losses before, but after coming out of it, I’ve never gone back in.

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