An "Old Lamb" Reflects: Six Years in the Crypto World, and Some Investment Insights Gleaned from Losing 20 Million
TechFlow Selected TechFlow Selected
An "Old Lamb" Reflects: Six Years in the Crypto World, and Some Investment Insights Gleaned from Losing 20 Million
Absolutely real—sharing this to help ease everyone's anxiety.
Navigating Web3 tides with focused insightsAuthor: Lonely Volcano
Starting with 100,000
I'm Lonely Volcano, originally from the tech and gaming industry. In 2017, I accidentally entered the crypto world just as Bitcoin broke through the 10,000 RMB mark. Over the next four-plus years, I've experienced multiple booms and nearly wiped out my account several times. After so many ups and downs, I have some reflections to share—hopefully they can inspire and help others.
Like many newcomers, I initially knew nothing. I simply followed friends' recommendations on which coins to buy. At that time, a friend recommended two projects: NEO (then known as Antshares) and BTS—the blockchain project by BM, the famous founder of EOS.
Newcomers naturally avoid investing too much at first. I started with 100,000 RMB to test the waters. Back then, Chinese exchanges still allowed fiat deposits and withdrawals—you could deposit money into exchange corporate accounts, all trading pairs were in RMB, and you could even withdraw RMB profits directly to personal bank cards. I miss those days. My first deposit was made on "BTCC" (Bitstar), the leading altcoin exchange at the time.
After funding, how should I split between the two? After research, Antshares had a Chinese team but mixed reviews; meanwhile, BTS was led by an internationally renowned figure. BTS not only allowed issuing tokens like ETH did but also featured its own internal exchange—similar to what later became Uniswap, the largest decentralized exchange on Ethereum. Before ETH’s breakout, BTS seemed almost god-tier. So I decided: 90,000 RMB into BTS, 10,000 into NEO. BTS was around 2 RMB per token, NEO under 8 RMB. However, when the massive bull market arrived, NEO surged past 1,000 RMB—a hundredfold gain—leaving BTS far behind.
I held NEO all the way to its peak—my first 100x coin in crypto. That 10,000 turned into over 1 million RMB—thrilling! But I didn’t sell at the top. During the bear market, it crashed back down to 20–30 RMB. Still profitable, but what a rollercoaster ride! What eventually happened to those long-held NEO tokens? I’ll get to that later.
Approaching 10 Million
Making money early gave me confidence. Combined with my technical background, I quickly grasped Bitcoin and blockchain fundamentals. I felt I understood the industry well. Watching prices, I noticed almost every coin kept rising—even if one lagged temporarily, it would catch up later. If everything goes up anyway, why not buy them all? My appetite grew. There were over 30 altcoins listed on BTCC, so I bought 5,000 RMB worth of each. The group nicknamed me “Mr. Market Cap” because checking my total portfolio value instantly revealed the overall market trend. Of course, during this bull run, things mostly went up.
Just as I began feeling proud of having cracked the code, the market suddenly corrected sharply—down about 40%. With so many positions, I couldn't react fast enough and lost money for the first time. This sobered me up: investment requires serious project analysis—not blind gambling just because profits come easily.
After that loss, I became cautious and didn’t increase investments much until the industry-wide 9/4 crackdown. The government realized crypto speculation had gone too far. After Ethereum matured, ICO fundraising became wild and increasingly low-quality. On September 4, 2017, seven central regulatory bodies jointly ordered all domestic exchanges to shut down within a deadline, and required refunds for all prior ICOs. Overnight, China's crypto community was stunned. Many thought crypto was finished. All coins plummeted—some even dropped to zero. But worse than price drops was the fear of no future trading access. Countless investors sold at rock-bottom prices in despair, marking the biggest East-West handover in crypto history.
However, after studying Bitcoin’s core principles, I firmly believed: Bitcoin exists to challenge modern fiat systems. If you think any single government can kill Bitcoin, you shouldn’t be playing at all. After careful thought, I decided to go all-in—on the final day before exchange closures, I deposited 1 million RMB to buy Bitcoin at bottom prices. I believed not only would Bitcoin rebound, but someone would solve deposit/withdrawal issues. It wasn’t a real concern.
My last deposit was again on BTCC—the last major exchange to close. An era ended with its closure.
How did the new era begin? Two words: Binance!
Binance launched in 2017 as a pure cryptocurrency-to-cryptocurrency exchange. All trading pairs used digital assets—for example, NEO/BTC. I remember there weren’t even stablecoins like USDT back then. If both NEO and BTC fell simultaneously, you were stuck.
Initially, I wasn’t optimistic about this model, so I skipped Binance’s private sale where BNB was priced around $0.20. As expected, BNB opened below issue price. CZ hosted a live stream on Yizhibo and got roasted online.
By the way, many assume exchange utility tokens originated with Binance—but that’s incorrect. BTCC already had a platform token, though theirs operated via dividends while BNB uses a burn mechanism.
Despite a rocky start and divergence from mainstream models, fate favored Binance. The 9/4 crackdown abruptly closed most of its competitors. Since Binance only handled crypto trades without fiat operations, regulatory pressure was lighter. Plus, CZ being a Canadian citizen meant he could continue operating overseas if needed. Thus, Binance remained open despite policy changes.
During the following month or two, nearly all remaining Chinese retail investors had no choice but to trade on Binance. User growth exploded. Binance’s tech was solid—despite rapid expansion, no major outages occurred—and BNB’s price began rising steadily.
Seeing this historic opportunity, I couldn’t stay idle. After analyzing BNB carefully, I swapped all my BTC holdings into BNB—at less than 8 RMB each, totaling roughly 35,000 BNB. Had I held until the previous bull market peak, that position would’ve surpassed 100 million RMB!
An article I wrote about BNB gained significant attention. Interested readers can check it here: "Understanding Value Through BNB".
What followed is common knowledge: as feared, once negative policies were digested, the market resumed its explosive rise. Bitcoin climbed from its post-9/4 low of 16,000 RMB to over 100,000 RMB. Altcoins went even crazier. BNB peaked near 150 RMB. NEO broke 1,000. TRX, Sun Yuchen’s project, jumped from a 0.01 RMB private sale price to 2 RMB—a 200x return. I participated in TRX’s private sale via Binance, buying over ten million tokens. Unfortunately, due to doubts about Sun’s credibility, I returned them at cost during the 9/4 chaos. Meanwhile, Qtum, GXChain, VeChain, and countless others delivered 10x, 100x, even 1,000x returns. IOTA, an IoT coin, rose tens of thousands of times—industry celebrity Takashi “Great Wing” turned 100,000 RMB into billions. These rags-to-riches stories sound unbelievable to outsiders, who may suspect scams or question liquidity. Only insiders truly grasp how Bitcoin and blockchain redefine wealth creation beyond conventional logic.
The ecosystem became even more frenzied than pre-9/4. Closed exchanges rebranded offshore, often intensifying operations. Previously, the top three exchanges focused on BTC, LTC, and ETH. Post-9/4, they mimicked BTCC and Binance, turning into altcoin supermarkets and harvesting retail investors more aggressively than ever.
Throughout this period, I held BNB consistently—from 8 RMB all the way to the peak. I finally exited when it fell back to 90 RMB, securing my first 10-bagger. Portfolio value skyrocketed. At one point, waking up added over 1 million RMB overnight! I spent nearly a decade building businesses to earn my first million. Now, in a single night, another million appeared—utterly surreal. Selling 35,000 BNB took over two days despite good order book depth. For the first time, I realized large paper gains aren’t easily liquidated on-exchange.
After BNB peaked, signs of reversal emerged. Still, I caught several late rallies: ~3x on GTC, BTM from 2 to 6 RMB, EOS from 30 to 90 RMB, XRP from 2 to over 20 RMB. My total portfolio approached 10 million RMB—just shy of the milestone!
How cocky was I then? Well, I’d already started house hunting in Shanghai. Haha!
Nearly Losing 10 Million
While basking in nearing 10 million, the market quietly turned. A major crash was brewing. Yet I’d completely lost rationality—10 million wasn’t enough; I wanted 100 million. I fantasized about Bitcoin hitting 1 million RMB, NEO reaching 5,000 RMB. My targets were based on desire, not objective analysis. Looking back calmly, I was indistinguishable from a gambler.
Those unfamiliar might find this hard to believe. Many say, “If I made 10 million, I’d cash out immediately.” But most people around me—especially new entrants—were similarly delusional. Greed is irresistible, and the more you earn, the greedier you become. You can’t imagine your own level of greed until tested.
In investing, history repeatedly proves: when euphoria peaks, danger looms largest—and losses pile up fastest.
As my capital grew, I became increasingly reckless and blind. I invested in random projects, stopped reading whitepapers, judged solely by influencers’ endorsements. At peak exposure, I held dozens of positions—investing hundreds of thousands in decent projects alone.
Near the bull cycle’s end, everyone acted similarly insane. Projects like “SpaceChain,” claiming to build blockchains via satellites, emerged. You had to beg third parties just to participate. Many such agents later vanished, scamming investors badly.
When Bitcoin nearly hit $20,000 USD before crashing violently, it was a glaring red flag. Yet most remained drunk on bullish mania, dismissing it as another dip. Having never experienced bear-market trauma, I resented losing over 2 million overnight. With numerous illiquid positions, fleeing wasn’t feasible. Like many beginners, I played dead—calling it “weathering storms with equanimity,” mocking fleeing veterans. Sound familiar? Exactly like recent DeFi or BRC20 newbies ridiculing traditional holders today.
The outcome of playing dead? Crypto rises beyond imagination—and falls beyond imagination. Down 50%, then another 50%. Occasional rebounds failed to surpass prior highs. Loss aversion intensified—I refused to realize losses, hoping to recover. Initially aiming to reclaim 10 million, then accepting drawdowns, thinking “it must be near bottom,” I sank deeper.
The bear market left wreckage everywhere: real estate chains, voting chains, film chains… absurd public chains… countless Bitcoin forks… Once-celebrated, hyped-to-the-sky projects collapsed. Some dropped to zero. Others fell 90%, then another 90%. Scammers fled. The collapse brought bankruptcies, public feuds, leaked recordings, and exposés—leaving retail investors shocked.
Still, occasional gems emerged early in the bear phase. I caught one metaverse project. (Back then, we called it a “virtual world”—similar to MANA abroad, but unlike MANA—which only allowed land speculation—this one was playable.) I knew the team personally and trusted their credibility. As a passionate believer in blockchain gaming, I joined early. Initial investment: ~200,000–300,000 RMB. As momentum built, I increased exposure, ultimately committing ~2 million RMB. Peak unrealized profit: ~5 million RMB.
Why did I invest so heavily?
- Familiarity with the team and sector gave me confidence to bet big;
- With the broader market declining, I gradually shifted funds from risky bets into this relatively higher-conviction project. Most other plays were losing money—only this one profited. Over a year, small gains accumulated;
- The game was genuinely fun. I got emotionally involved. Once, to defend guild honor and complete strategic goals, I spent over 300,000 RMB fighting rivals. Investing turned into consumption—losses became inevitable;
- Late-stage, token price declined continuously. But after a year, emotional attachment clouded judgment. I desperately hoped the project wouldn’t fail, wishing to see its grand vision realized. I poured time, energy, and money into rescuing it. Investment morphed into “entrepreneurship”—a hybrid mindset I’d never experienced. Another pitfall I couldn’t avoid. Despite ongoing price drops, instead of selling, I kept supporting the price. After injecting ~2 million RMB, deep winter froze external funding. Ultimately, efforts failed. At the lowest point, 2 million RMB shrank to under 200,000 RMB!
Oh right—I mentioned earlier my first 100x coin, NEO. It was purchased under my wife’s account, and her strategy was “HODL forever.” She bought NEO below 8 RMB and held through its 1,000+ RMB peak. Even now, holding above 100 RMB means a 10x return. But since she used NEO in-game within the metaverse project, all were eventually lost—becoming her lasting regret, especially when NEO rallied again in the last bull market.
After this metaverse project delivered the final blow, and other holdings continued shrinking, at the deepest bear market low, my portfolio plunged from nearly 10 million RMB to under 1 million RMB. Due to frozen liquidity, full realization was impossible—effectively zeroed. Shockingly, I hadn’t cashed out a single penny! Without consistent off-chain income, I might’ve struggled to survive.
From 250,000 Back to 5 Million
If crypto bull markets are blazing hot and nonstop 24/7, bear markets are icy silent and utterly desolate. Former star projects went dark. Survivors sporadically posted minimal updates. Influencers who once commanded crowds vanished. WhatsApp groups that flooded with 999+ messages went silent—some devolved into spam. Rumor has it one of the hottest exchanges once saw daily active users drop to mere thousands. Many left the space—including me. After the metaverse project failed, I worked in social e-commerce. During deep bear phases, blockchain offers no earning opportunities—neither investing nor building. This shocked me as a novice investor. I’d never imagined the difference between crypto bull and bear markets could be so extreme!
March 12, 2020: amid the sudden pandemic shock, global financial markets crashed. Bitcoin wasn’t spared—plummeting rapidly to its historical low of ~$3,000 USD. Countless liquidations occurred. The event became known as the “March 12 Tragedy.”
The pandemic left many unemployed. I expanded my social commerce operation, managing a team of over a thousand. Daily consultations flooded in—I worked from dawn till 3–4 AM, leaving no time for crypto. Actually, March 12 was the perfect buying opportunity. Given my usual approach, I normally wouldn’t miss such a historic moment—like going all-in during the 9/4 exchange shutdown. But I missed it.
Lesson learned: don’t obsess over market movements daily. Real opportunities are rare. But ignoring entirely risks losing sensitivity—missing key moments. Missing this bottom devastated me. Though hesitant to chase high prices, I stayed vigilant.
From March to November, BTC steadily rose from $3,000+ to near its all-time high of $13,000. Insiders know breaking ATH usually signals a new bull cycle—the clearest confirmation of bull market return. Later, as altcoins erupted and legacy coins like XRP and LTC surged, I could no longer resist. A new bull market had clearly begun! But due to family needs, available cash was urgently needed elsewhere. Reluctant to miss the wave, I borrowed 200,000 via Alipay and WeChat—buying 100,000 RMB each of ETH (~$500) and BNB (~$30). I also reviewed old exchange accounts—some nearly worthless tokens regained value. I pooled ~50,000 RMB and opened leveraged positions: 2x margin on ETH, LTC, XLM, ZEN.
“Rolling leverage” means reinvesting profits to compound positions. Maintaining 2x leverage means automatic rebalancing to ensure a 50% drop triggers liquidation. Actual returns exceed simple 2x due to compounding. Ideal for steady bull markets without sudden 50% crashes. Fortunately, this bull cycle was unusually smooth—no violent corrections like the last one. I kept rolling. The 50,000 RMB grew into over 1 million RMB. At peak, BNB exceeded $600, ETH reached ~$2,000. Then I captured FIL’s surge with 10x leverage on 100,000 RMB principal—pushing total portfolio value to over 5 million RMB!
Almost Losing 5 Million Again
Having survived one bear market, I deeply understood that assets don’t rise forever and getting trapped in downturns is terrifying. This time, I kept “take-profit” top of mind from day one. When portfolio hit 1 million RMB, I withdrew 300,000—to repay loans and reward lifestyle. Beyond researching projects and trends, my main focus was timing exit. If uncertain, I planned gradual exits: for every additional 1 million RMB, sell a portion. In theory, perfect. But in practice, rapid gains created illusions—“Just hold a bit longer, I’ll reclaim my 10-million peak!”
Once again, greed overwhelmed discipline—leading to another unforgettable episode.
Before Coinbase’s IPO, I sensed a potential turning point. This bull run was clearly driven by U.S. capital, and Coinbase’s listing was their ultimate hype play—and optimal exit window. After prolonged gains, a pullback was overdue. Ahead of the listing, I closed all leveraged positions and converted fully into BNB spot. This move was rational—and timely. Coinbase’s debut indeed marked the cycle’s peak. But tragically, the market didn’t fall as expected. Instead, it spiked higher for two days. Influenced by greed, sensing a final surge, I ignored danger signals. Wanting to reach my 10-million goal, I re-entered with 10x leverage—adding tight stop-losses, assuming a quick exit after slight gains.
Unsurprisingly, the market slaughtered greedy fools like me. Just before I could exit, May 19 (“519”) struck—prices crashed violently. My 10x position triggered stop-loss, wiping half my portfolio instantly. Left with 200,000 RMB in BNB spot, desperate to recover losses, I opened a full 1.5x coin-margined long to catch the bounce. Thought: “Even if no rebound, after ~30% drop, another 50% plunge seems unlikely?” I underestimated DeFi deleveraging cascades and bot-driven dumping. Prices nearly dropped another 50%. BNB fell ~75% from peak within two days. At the lowest, just $10 away from total liquidation. Exchanges froze—no actions possible! Though mentally prepared for zero since day one, experiencing it firsthand left me shaken and chilled to the bone.
Thankfully, fate spared me. A slight recovery brought my balance back to 500,000 RMB. Gradually regaining clarity, I faced two choices:
- Psychologically unable to accept drawdowns—go full zombie mode like last bear market;
- Exit wisely—accept 5 million → 500,000. As long as the core remains, there’s always fuel to burn. After brief hesitation, I chose the latter. Closed all margin positions, switched back to BNB spot.
Though prices later rebounded—and staying in could’ve restored millions—a sharp drop preceded it, breaching my liquidation threshold. I’m deeply grateful and proud. The satisfaction of overcoming greed outweighs making millions. Preserving 500,000 RMB creates options: bear market bottoms await, or re-entry anytime. Being able to advance or retreat defines mature investing. Such disciplined choices may cap upside short-term, but raise the floor long-term—that’s what truly matters.
From 500,000 to 2 Million
The last bull market ultimately formed a double-top. During the subsequent recovery, I spotted opportunities and deployed mid-sized positions into AXS, SAND, WEMIX—each delivering ~10x returns. Blockchain gaming and metaverse remain my expertise and passion. This cycle’s focus on these sectors felt like destiny rewarding me again. Total portfolio climbed past 1 million RMB.
After two harsh lessons in greed, I dared not repeat mistakes. In allocation, I avoided going all-in even on strongest convictions. On profit-taking: when Bitcoin rebounded to $55,000, I kept only one BTC. Converted all else into USDT—locking in ~1.5 million RMB. Held firm until BTC dipped to this bear market’s low of ~$15,000—no further trades.
Meanwhile, I deeply engaged with “Legend 4”—the first blockchain game with substantial real players and spending. Initially scouting for alpha, I got addicted. Leading NASH guild against South American players, I impulsively spent hundreds of thousands RMB. Who says no one spends in blockchain games? As a true gaming enthusiast, facing a great title, I couldn’t resist paying to win -_-!! This reckless move reset my capital to just over 1 million RMB.
After Legend 4, I stayed inactive—until Wemix announced migration from Klaytn to its own mainnet, triggering token inflation fears. Delisted by Korea’s top four exchanges and OKX, I investigated thoroughly—found no critical flaws. Started scaling in from $0.60, averaging down to $0.15 (lowest spike $0.12). Now trading at $3–4. I began selling at $2, cleared near $4—averaging >10x. Small size prevented life-changing gains. Later, after FTX collapsed and BTC hit ~$15,000+, sensing a generational bottom, I boldly bought 1/3 position in BTC, ETH, BNB.
Plus, small bets on recent blockchain games yielded nice returns. Final balance: ~2 million RMB.
Bull market light now glimmers on the horizon. This marks my third bull cycle. Starting with 2 million RMB—far more comfortable than last cycle, when I had only 250,000 RMB at BTC’s $20,000+ stage. Last time, I allocated 100,000 to ETH, 100,000 to BNB, 50,000 to margin. 200,000 came from loans. My sole goal: avoid losses. Profits were secondary. Ironically, BNB delivered ~20x—propelling me upward. Classic case of “aiming for middle, achieving upper.” Honestly, I never imagined BNB could jump from ~$30 to ~$700!
This cycle, with 10x more capital, I’ll reuse last cycle’s strategy: pick a suitable entry point, allocate 80% to major blue-chips and HODL. 20% into blockchain gaming—a sector I strongly believe in and excel at. No margin this round. This bull market will be played safe.
If extra time and energy allow, I plan to actively contribute to blockchain gaming. I believe the timing is finally right. Previous cycles were too early—few quality games. Next cycle may be too late—most opportunities taken. This cycle is perfect. With titles like Legend, MapleStory, and blockchain Diablo emerging—backed by Tencent, NetEase, Ubisoft, Wemade—game quality has significantly improved, now rivaling traditional AAA standards. As blockchain’s vanguard application driving mass adoption, this bull market will let blockchain gaming shine like Web2 once did.
Not sure exactly what yet—likely building gaming communities. Gather fellow enthusiasts, connect players, projects, and VCs—play our way to financial freedom!
For now, launched a blockchain gaming directory and Discord server. Welcome to join:
Top Alliance Gaming Directory: Link
Top Alliance Discord: Link
Some Investment Reflections
From 100,000 → 10 million → 2 million → 5 million → near zero → 250,000 → 5 million → near zero → 2 million. Six years in, never truly financially free, but rich with extreme highs and lows. Here are some reflections—not necessarily correct—shared for reference.
1. Investing Is a Discipline
Before crypto, I had zero investment experience. Sudden wealth from luck is extremely dangerous. I proved this truth through personal experience: money earned by luck gets lost by skill. Over time, I realized investing—like entrepreneurship—is a high-risk field requiring deep study. True wisdom emerges only through practice.
From fresh graduate fueled by passion, through repeated startup failures, to finally earning my first fortune—it took ten grueling years. Only after jumping into every pit did I distill reliable entrepreneurial principles. Since then, ventures yield profit—never loss again. Those interested in my journey can read: "Life Summary of a Game Industry Programmer at Age 35".
Now I see investing is similar—a legitimate discipline with fundamental rules. Every time I suffered heavy losses, I violated core investment principles.
Jump into every pit first. Summarize lessons. Systematically learn theory. Extract personal framework. Not sure if this method reflects competence or lack of talent! But whether founding startups or investing, this has been my path.
2. Investing Is High-Risk
Both entrepreneurship and investing must be recognized as high-risk activities! Risk stems primarily from extreme uncertainty—whether cognitive blind spots, information asymmetry, or uncontrollable external forces. Combine high uncertainty with large capital deployment, and risk escalates. For most people, the only controllable risk factor is reducing exposure. Despite booming knowledge platforms and content creators making insights seem accessible, few offer real value. I firmly believe genuine understanding comes from doing—not reading. Hence, I strongly advise ordinary individuals—especially those with limited off-chain earnings—to reduce investment size. This is the most effective way to lower investment risk.
Failing to control exposure—or worse, adding leverage—can lead to severe consequences. Leverage severely disrupts psychology. Add stress, and mental health deteriorates. Long-term, physical health suffers. Similar to entrepreneurship, though slightly less intense due to simpler stress sources. If leveraged speculation fails, recovery becomes brutal. Many take years to bounce back—if ever. Because the temptation to leverage is stronger in investing, while entry barriers are far lower than starting a company, average people easily fall into traps and get rekt.
Let me cite a widely experienced yet underappreciated example: “Mortgage home buying is actually the biggest form of leverage!” Why didn’t many realize this risk three years ago? Because housing prices rose almost uninterrupted for decades. Sounds familiar? Exactly like opening 10x margin in crypto: invest $1,000 effectively as $10,000. If price rises 10x, you gain 100x—turn $1,000 into $100,000. Past real estate speculation felt exactly this good! When such gains persist long enough and involve enough participants, vigilance fades—people forget leverage risks entirely. Some harbor侥幸 mentality: “Nation won’t let property crash. Even if it does, government will bail out. Otherwise, protest collectively”—just like losing crypto traders forming维权 groups. From an investment perspective, real estate speculation and crypto trading differ little. Perception differs: houses feel understandable, state-backed; Bitcoin feels obscure, even shady.
Honestly, mortgage-based home buying is fundamentally identical to leveraged crypto trading. Once margin call hits, you’re wiped out—and still owe real-world debt plus interest. Without repayment ability, recovery becomes impossible.
Mentioning real estate aims to deepen awareness: investing and leveraging are inherently high-risk. In any asset class—including real estate—if you’ve leveraged without full awareness yet profited handsomely, it’s likely just luck—like my early crypto windfall. When tides turn, confusion strikes—and you lose everything.
3. How to Mitigate Risk
Only after fully recognizing risks and suffering their consequences do people truly prioritize risk mitigation. My key lessons:
Never Go All-In
Since investing carries extreme uncertainty and high risk, never go all-in! Repeatedly risking everything guarantees eventual wipeout. I’m living proof. Early in crypto, I went all-in twice—on BTC and BNB—rapidly approaching 10 million RMB. Later, going all-in on a metaverse project and leveraged trades nearly zeroed me twice. Avoiding all-in is Investing 101—taught by every expert and textbook. Yet I still committed this basic error.
Beginners rarely go all-in immediately. I started with just 100,000 RMB. Problem arises when small stakes generate outsized returns—greed awakens unconsciously, eroding rationality until full commitment seems logical. I exemplify this trap. Learn from my mistakes!
Use Leverage Cautiously
Unlike all-in moves, leverage can be appropriate—especially during high-conviction plays or strong uptrends. Bold use can propel you multiple levels. Think of those who borrowed decades ago to buy property.
Join TechFlow official community to stay tuned Telegram:https://t.me/TechFlowDaily X (Twitter):https://x.com/TechFlowPost X (Twitter) EN:https://x.com/BlockFlow_News
@jimohuoshan
