From Liquidation to "Senior": My Ten Years in Bitcoin

Once, I was also someone staring at K-lines, countless times wanting to give up.

At three in the morning, my account hit zero, and my phone screen reflected a numb face. That was my third liquidation, with my capital dropping from twenty thousand dollars to zero. Outside the window, it was very quiet, but I felt like the whole world was mocking me.

In 2017, I heard that Bitcoin had risen dozens of times, and with the idea of "turning things around," I jumped in. As you all know—the high point was bought in, then a crash, holding through the fall, and finally liquidation. Back then, I blamed no one but myself for being stupid. But after being stupid, what then? I still couldn't let go.

In the following two years, I was like possessed, borrowing money, depositing funds, going all-in, and getting liquidated repeatedly. The worst time, I had less than $1,500 left. I stared at my account and asked myself: should I keep going?

The turning point came during a very ordinary review. I pulled out my past dozens of losing trades and found a common point: all losses stemmed from having no rules.

I started doing something I once thought "very stupid"—writing a trading plan. Before each day’s open, I would note entry points, stop-loss points, and take-profit points. After the market closed, I reviewed which trades were executed, which weren’t, and why.

The first iron rule: only use the 60-day moving average to determine life or death. Trade on the chart, watch offline, don’t guess bottoms or tops.

The second: no longer chase coins that have risen more than 50%. No matter how much they rise, they’re not mine; I only eat the part I can understand.

The third, and the hardest: learn to hold cash. When the market is bad, I really do nothing. I used to think "holding cash means missing out," but I later understood that holding cash is the wisdom to preserve capital and wait for opportunities.

Gradually, liquidation turned into losses, losses into small profits, and small profits into stability.

Now, people call me "Senior," but I honestly don’t dare to claim that title. I’ve just had a few more liquidations, stayed up a few more nights, and written a few more years of review notes than many others.

Looking back, those days when I wanted to give up the most were actually the times I grew the fastest.

Bitcoin is still here, the market is still here, and my story is still ongoing. If you’re also struggling on the edge of liquidation, I just want to say: it’s not that you can’t do it, it’s that you haven’t found your rules yet.

Survive first, then talk about profit.