#数字货币市场洞察 Eight Years of "Greed Sickness": How 30,000 Became 30 Million
In the deep winter of 2016, BTC suddenly crashed to $756 in the middle of the night. I had 30,000 yuan left in my account, and rent was still paid three months in advance. My friend was worried and insisted on pulling me in to catch the bottom, but I said I didn’t even know what a candlestick chart looked like. He just said one thing: Survive first, talk about everything else later.
I forced myself to transfer 30,000 into the exchange, my hands shaking badly—that wasn’t gambling, that was admitting defeat. Only those pushed into a corner will put on armor.
First real tumble: my full position shrank by 50% in a week.
From then on, I set my first rule: Any uptrend I don’t understand is just bait—don’t bite. I translated “survive” into simple language—only consider entering when there’s a drop of more than 20%, and only add on slow declines and fast rises. This broken rule saved me several times.
In 2018, BTC was lying on the floor at $3,200, and trading volume was so thin it was like a single line. What I did was stupid: I DCA-ed 100 USDT every day, as if I were adding firewood to the winter. After six months, my average cost dropped from over $4,000 to $3,800. Some people called me a “boiled frog,” but I said frogs live longer than others. Later, during the March 12 crash, my account broke into seven figures for the first time, and those critics went silent.
In 2020, UNI dropped from $8 all the way down to $2.5, and the community was wailing every day. I simply treated myself like a butcher—every 20% drop, I added more, slashing my average cost from $7 to $3.1. The next year UNI soared to $40, and that trade made me 12x, profiting over 2.4 million. I wasn’t greedy; I split the profit in two: half sleeping in a cold wallet, half continuing as my “arsenal.” That’s when I realized, profits aren’t just numbers in your account—they’re bullets for the next round.
In spring 2021, Dogecoin’s search popularity exploded, doubling in a day. I didn’t rush in but crawled the on-chain data to check trading volume. I found volume had dropped for seven straight days, like the party music suddenly paused. I cleared my position overnight, and three days later, the coin was cut in half. Some danger signals hide in the “quiet”—that was the second time I dodged a big pit.
These eight years boil down to three iron rules:
First, bottoms aren’t caught—they’re ground out over time. Second, if you see a coin double in a day with surging volume and dumping, that’s the market maker flipping the table—if you’re slow, you’ll get eaten. Third, when you think “that’s all there is” to the market, liquidation is waiting at your door; daring to admit “I don’t get it” is the real entry point.
I wrote these three into code and put it in the cloud, so every morning at 9:30 it auto-pushes the same sentence: “When you see a signal, hold steady; when your hands itch, that’s when you’re most likely to get cut.” Execute mechanically, and let the mental noise roll away.
The next wave in the market is already building. Don’t stumble around in the dark alone—data and discipline are the two legs you need to walk through the storm.
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WhaleInTraining
· 12-11 13:22
Damn, this is exactly what I've wanted to say but never dared to for the past eight years... The most deadly thing is the itch to cut, really.
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SchrodingerProfit
· 12-11 10:16
Really, the part about dollar-cost averaging resonates with me the most... I also consistently invested through that wave of 312. Looking back now, being called a "boiled frog in warm water" back then didn't bother me at all.
The phrase about itchy fingers and cutting losses hit home—so many times, it's because we couldn't hold back that we ended up losing.
The Dogecoin example was brilliant; trading volume doesn't lie. Many people just can't see these details.
Writing these three ironclad rules into an automatic push notification is really a killer move. Just execute mechanically and you're done, no need to let your brain overthink.
View OriginalReply0
0xBit
· 12-09 04:51
Thanks for sharing your thoughts
Reply0
JustAnotherWallet
· 12-08 14:14
Admitting defeat is the way to survive, that's absolutely spot on... But I was there during that 312 as well, before I even finished trembling, it was already a straight line.
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MetadataExplorer
· 12-08 13:59
Damn, this guy survived by "cutting losses when his hands got itchy," I need to learn from him.
Wait, UNI dropped from 7 to 3.1 and then shot up to 40, that move was really ruthless... Why can't I pull off something like that?
I was there during 312 too, but I didn't have such a strong mindset. Still regretting it now.
"Danger hides in silence," that hit hard. I got blinded by the hype with Dogecoin before.
Rules, to put it bluntly, are about surviving. Only if you survive can you make money. He's absolutely right.
View OriginalReply0
HalfIsEmpty
· 12-08 13:51
Damn, this story is something... I was there during 312 too... | Seriously, discipline is more important than anything. Back then, I got itchy hands and sold at the bottom.
Just the line about grinding at the bottom is worth repeating over and over, it's not copied from anywhere | Dollar-cost averaging is truly genius; those who criticized it as a "boiling frog" strategy probably have nothing to say now.
I almost rushed into Dogecoin during that wave too, that was close... | I need to remember the trick of checking transaction volume using on-chain data.
#数字货币市场洞察 Eight Years of "Greed Sickness": How 30,000 Became 30 Million
In the deep winter of 2016, BTC suddenly crashed to $756 in the middle of the night. I had 30,000 yuan left in my account, and rent was still paid three months in advance. My friend was worried and insisted on pulling me in to catch the bottom, but I said I didn’t even know what a candlestick chart looked like. He just said one thing: Survive first, talk about everything else later.
I forced myself to transfer 30,000 into the exchange, my hands shaking badly—that wasn’t gambling, that was admitting defeat. Only those pushed into a corner will put on armor.
First real tumble: my full position shrank by 50% in a week.
From then on, I set my first rule: Any uptrend I don’t understand is just bait—don’t bite. I translated “survive” into simple language—only consider entering when there’s a drop of more than 20%, and only add on slow declines and fast rises. This broken rule saved me several times.
In 2018, BTC was lying on the floor at $3,200, and trading volume was so thin it was like a single line. What I did was stupid: I DCA-ed 100 USDT every day, as if I were adding firewood to the winter. After six months, my average cost dropped from over $4,000 to $3,800. Some people called me a “boiled frog,” but I said frogs live longer than others. Later, during the March 12 crash, my account broke into seven figures for the first time, and those critics went silent.
In 2020, UNI dropped from $8 all the way down to $2.5, and the community was wailing every day. I simply treated myself like a butcher—every 20% drop, I added more, slashing my average cost from $7 to $3.1. The next year UNI soared to $40, and that trade made me 12x, profiting over 2.4 million. I wasn’t greedy; I split the profit in two: half sleeping in a cold wallet, half continuing as my “arsenal.” That’s when I realized, profits aren’t just numbers in your account—they’re bullets for the next round.
In spring 2021, Dogecoin’s search popularity exploded, doubling in a day. I didn’t rush in but crawled the on-chain data to check trading volume. I found volume had dropped for seven straight days, like the party music suddenly paused. I cleared my position overnight, and three days later, the coin was cut in half. Some danger signals hide in the “quiet”—that was the second time I dodged a big pit.
These eight years boil down to three iron rules:
First, bottoms aren’t caught—they’re ground out over time.
Second, if you see a coin double in a day with surging volume and dumping, that’s the market maker flipping the table—if you’re slow, you’ll get eaten.
Third, when you think “that’s all there is” to the market, liquidation is waiting at your door; daring to admit “I don’t get it” is the real entry point.
I wrote these three into code and put it in the cloud, so every morning at 9:30 it auto-pushes the same sentence: “When you see a signal, hold steady; when your hands itch, that’s when you’re most likely to get cut.” Execute mechanically, and let the mental noise roll away.
The next wave in the market is already building. Don’t stumble around in the dark alone—data and discipline are the two legs you need to walk through the storm.