I’m 32 this year and have been hustling in the crypto world for a full decade, growing my initial 10,000 yuan capital into a fortune worth tens of millions. Today, I want to share with you, just as it is, all the pitfalls I’ve fallen into and the lessons I’ve learned over the years.

The story starts in 2015. I had just graduated from college and managed to save up 10,000 yuan by working as a Taobao affiliate and helping people boost their sales. Bitcoin was already over 8,000 yuan back then, and looking at the price made me hesitate—wasn’t it too expensive? I turned my attention to Ethereum, which was only a few dozen dollars per coin at the time. With 200 yuan, I bought one, and after some hesitation, I bought 50 in total.

The 2017 bull market was wild. Ethereum shot up from $8 all the way to $1,400. At the craziest point, I was making 300,000 yuan on paper in a single day. But the 2018 crash was even harsher—my assets evaporated by 90%, and I was left in a daze, almost quitting the space.

After experiencing these ups and downs, I gradually established a few iron rules:

First, only use spare money to play—never even think about borrowing money or using leverage.

Second, allocate 70% to mainstream coins, and at most 30% to altcoins.

Third, if the price drops below the 20-day moving average, get out immediately, no questions asked.

Fourth, once you make money, withdraw your principal first, and only use the remaining profits to take further risks.

There’s another question people often ask: if your BTC is up 30%, but your ETH is down 30%, what do you do? My approach is simple—cut the losses on ETH and add that money to BTC.

This decision may sound counterintuitive, but that’s how the market works: the strong get stronger, the weak get weaker. If you want to make money, you have to face this harsh reality.

Here are a few honest words for newcomers: Don’t stare at the charts all day—set your stop loss and go do something else. Stick to dollar-cost averaging during bear markets, sell in batches during bull runs, and always keep 10% cash on hand for emergencies.

After ten years in crypto, my biggest realization is: methods matter, but mindset matters even more. The market will test your patience and conviction over and over again—only those who make it through will have the chance to see real rewards.