6-Year Journey in Crypto: From Million-Dollar Losses to Balanced Perspective

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Introduction

The crypto world isn't the easiest path, but it's one filled with relentless hope and learning. This is my story—a rollercoaster ride from naive beginnings to hard-earned wisdom.


Chapter 1: The First Steps (2017)

Discovering Crypto

In May 2017, a casual conversation with a friend about Ethereum Classic ("小姨太") sparked my curiosity. What began as a 3,000 RMB experiment soon ballooned to 25,000 RMB within days. The thrill was addictive—every trade felt like a guaranteed win.

Early Lessons:


Chapter 2: The ICO Frenzy

Riding the Wave

ICOCoin became my first big bet. After borrowing 100,000 RMB (via a programmer friend’s credit card), I watched my portfolio swing from 40,000 RMB to 400,000 RMB. The adrenaline was worth the near-heartbreak.

Key Takeaways:

ICO Goldrush: Profited from BNB, HSR, and others.
94 Crash: Survived the 2017 crackdown with a 40% loss, but stayed resilient.


Chapter 3: Peak and Fall (2018–2019)

The Million-Dollar High

By May 2018, my portfolio hit 9.75M RMB—thanks to EOS and strategic ICOs. Greed whispered: "Just one more month for 50M."

Downfall Triggers:

Result: A staggering drop to 300,000 RMB.


Chapter 4: Rock Bottom (2020)

3.12 Black Swan

2x leveraged EOS on March 12, 2020, wiped 2M RMB overnight. With 75,000 RMB left, I:

  1. Bought a house (首付).
  2. Returned to coding jobs.

Silver Lining: Learned risk management the brutal way.


Chapter 5: Redemption (2020–Present)

Slow and Steady

New Philosophy:

"Crypto isn’t life—it’s a side quest with potential."

FAQs

1. Would you recommend crypto to beginners?

"Only if you’re ready to lose before you learn."

2. Biggest mistake?

"Trusting influencers over self-research."

3. How to survive crashes?

"Cash reserves + zero leverage."

4. Future of crypto?

"Bull or bear, I’ll stay—hope never dies."

Final Thoughts

👉 Want more hard-won crypto insights?

This journey isn’t about glory—it’s about staying in the game. Whether you’re up 10x or down 90%, the real win is balance.

🚀 "The market will humble you—but it’ll also reward the patient."