#Strategy加仓BTC I have a friend who, last year, turned 30,000 yuan into 680,000 yuan by investing in $SHIB and $SOL. Then, within three months, the account was down to just 60,000 yuan. Today, I want to share this painful lesson with everyone.
**Getting cocky after making money**
After SHIB increased tenfold, she thought she had figured out the secret of the crypto world. She started to look down on Bitcoin’s slow growth and went all in on various new coins. The problem was, none of the "next SHIB" she bought survived to this day.
**The biggest trap is "holding on"**
When a coin drops 70% from its all-time high, big influencers start talking about wash trading. She believed it, and as a result, the price plunged another 90%. Only later did she realize—whales encourage retail investors to "hold on" just to give themselves enough time to dump.
**Profits not realized, all gone**
The deadliest move: using unrealized gains to add more positions. Out of 680,000 yuan, she could have withdrawn 400,000 yuan, but she used 250,000 yuan to buy more. A correction then wiped out all her profits, and she lost half of her principal.
**Current approach**
If her account has coins that have tripled, she immediately withdraws the principal—that money goes into her pocket. Only invest in coins backed by major exchanges. Enter new coins within the first three days of listing, and sell after three days. Always keep 50% cash in the account to buy the dip during panic moments.
The real value in the crypto world isn’t which coin will skyrocket, but the tuition you’ve paid. The experience gained from 500,000 yuan in tuition, I now give to you for free. No matter how strong your skills or how lucky you are, ultimately, it’s about discipline. Without discipline, no matter how much principal you have, it will be wiped out.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
4
Repost
Share
Comment
0/400
ChainSauceMaster
· 8h ago
Greed is truly the biggest killer in the crypto world.
---
680,000 to 60,000, sounds like a dream, only to realize it’s all gone when you wake up.
---
I'm tired of the "hold on" rhetoric. Basically, it just gives the big players time to run away.
---
The trick of adding to floating profits—I've seen at least 80 out of 100 people fall into the same trap, all meeting the same dead end.
---
Now I realize that surviving and walking out of the crypto world is the real victory; making money or not is secondary.
---
Getting your principal back is what counts. It sounds simple, but very few can actually do it.
---
The discipline gained from paying 50,000 in tuition is truly worth it. I'm now pondering this logic as well.
---
I remember the three-day rule for new coins, but I still need to experience it myself to truly believe.
---
Operations without discipline, no matter how much money you have, are just giving it away. This really hits home.
View OriginalReply0
StakeWhisperer
· 10h ago
Sigh, I've seen this trick too many times. Honestly, it's just greed that kills itself.
View OriginalReply0
GamefiHarvester
· 10h ago
This story is really intense; it's a cautionary tale. But to be honest, most people fall into this trap, it's just that some don't make it out alive haha.
View OriginalReply0
ZKProofEnthusiast
· 10h ago
680,000 to 60,000, this is the greed tax. I've seen too many people like this, making some money and thinking they're a genius in the crypto world.
#Strategy加仓BTC I have a friend who, last year, turned 30,000 yuan into 680,000 yuan by investing in $SHIB and $SOL. Then, within three months, the account was down to just 60,000 yuan. Today, I want to share this painful lesson with everyone.
**Getting cocky after making money**
After SHIB increased tenfold, she thought she had figured out the secret of the crypto world. She started to look down on Bitcoin’s slow growth and went all in on various new coins. The problem was, none of the "next SHIB" she bought survived to this day.
**The biggest trap is "holding on"**
When a coin drops 70% from its all-time high, big influencers start talking about wash trading. She believed it, and as a result, the price plunged another 90%. Only later did she realize—whales encourage retail investors to "hold on" just to give themselves enough time to dump.
**Profits not realized, all gone**
The deadliest move: using unrealized gains to add more positions. Out of 680,000 yuan, she could have withdrawn 400,000 yuan, but she used 250,000 yuan to buy more. A correction then wiped out all her profits, and she lost half of her principal.
**Current approach**
If her account has coins that have tripled, she immediately withdraws the principal—that money goes into her pocket. Only invest in coins backed by major exchanges. Enter new coins within the first three days of listing, and sell after three days. Always keep 50% cash in the account to buy the dip during panic moments.
The real value in the crypto world isn’t which coin will skyrocket, but the tuition you’ve paid. The experience gained from 500,000 yuan in tuition, I now give to you for free. No matter how strong your skills or how lucky you are, ultimately, it’s about discipline. Without discipline, no matter how much principal you have, it will be wiped out.