Six years ago, I saved up 110,000 yuan over three years and threw myself into this seemingly endless money-making world.



Back then, I was a bit naive. I spent every day scrolling through posts, looking at screenshots, and my mind was only thinking one thing: "The market is always rising; I can make money just by buying randomly."

I thought I was chosen by fate. Believing in timing, trusting luck, believing that as long as I dared to buy, the market would cooperate and go up.

Reality gave me no buffer.

After my first trade, I was still dreaming of doubling my money. The response from the candlestick chart was only one thing—an outright plunge, merciless to the extreme. It wasn’t a correction; it was a crash. I didn’t even dare to move my hand, afraid of missing some rebound. But the market simply ignored me.

I sat in front of the screen all day, watching my account: 110,000 → 90,000 → 80,000 → 70,000… losing money as fast as bleeding.

The most heartbreaking part wasn’t the shrinking numbers, but that moment I realized — **The crypto world never relies on fantasies to make a living, especially not on the words "I think."**

I thought I was riding the wave.

Thought that as long as I dared to gamble, destiny would make way.

A market comment saying "Who do you think you are" directly kicked me from cloud nine back to earth.

That’s when I finally understood: the so-called winners are not those who look at hot posts, not those shouting slogans, and certainly not those gambling with luck.

Now it’s your turn—have you thought it through? Continue being the outsider getting wiped out, or really learn something? Use mainstream coins like $BTC, $ETH as foundational knowledge to reevaluate the market?

Stories of $SOL, $BNB, and $XRP have long been repeating the mistakes I made back then. If you’re still chasing after the latest hot screenshots, then you’re truly hopeless.
BTC-3.99%
ETH-6.27%
SOL-4.79%
BNB-3.1%
View Original
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
SatoshiNotNakamotovip
· 12-12 09:21
This guy really hits home. I was this naive back then too. It's all about being cut by the 'leeks' now I understand a truth: in the crypto world, there's no such thing as "I think," only bloody account balances. Really, looking at the description of that 110,000 constantly plunging, I feel for him. The key is, he's still advising others now. That attitude is worth learning. But to be honest, mainstream coins like BTC are indeed more stable than those shitcoins, but it doesn't change the curse of "all in, definitely dead." I've heard this story too many times; next time, it might be us getting cut. Basically, it's a lack of stop-loss mentality, always hoping for a rebound, but the more it drops, the harder it is to get out. It's a good realization, but a bit late.
View OriginalReply0
TopBuyerForevervip
· 12-11 10:05
This guy's words are so heartbreaking, I am indeed the one who turned 110,000 into 70,000. Reminding me of those three months, staring at the charts every day until my eyes hurt. Really, the crypto world is like this, with zero fantasy value. To those still following the trend now, wake up. Going all-in is not courage, it's gambling. By the way, why didn't this article mention tokenized precious metals? The title is misleading. I only dare to play with BTC now, safer, otherwise I'll suffer losses again. If only I had this article back then, I would have avoided many unnecessary detours.
View OriginalReply0
WhaleMinionvip
· 12-10 22:50
Ha, this story sounds heartbreaking. In just a few months, 110,000 has been halved. By the way, eight out of ten people in the crypto circle have fallen into this trap. The dream of making quick money should wake up. Relying on luck and hot posts to play with coins will inevitably lead to becoming a leek (retail investor) victim sooner or later.
View OriginalReply0
AirdropChaservip
· 12-10 22:45
110,000 yuan evaporated in just one afternoon, this is the real crypto world --- People who buy coins based on hot posts are all leeks; I just realized that too --- Going all-in doesn’t mean fate will make way for you; this sentence hit me --- If you’re still showing off with screenshots, you really should see this --- So how can you avoid getting cut? Mainstream coins are not safes either --- The me from six years ago is still living in illusions; wake up, everyone --- Things you should have understood six years ago, I only just learned now; it's more than one round too late --- The market doesn’t owe you a rebound at all; this sentence is the harshest
View OriginalReply0
ImpermanentLossFanvip
· 12-10 22:40
110,000 in, and all that's left is a mess—I've heard this story too many times. Really, the most toxic thing in the crypto world isn't the decline, but the confidence of "I think," which can literally kill people.
View OriginalReply0
PerpetualLongervip
· 12-10 22:37
Damn, isn't this me... Still holding onto BTC now, just waiting for a bull market to break even.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)