Hard Crypto Lesson: From Losing Money to Gaining Wisdom

1. Misguided Belief in Quick Wealth

In October 2021, after the market crash on May 19, my colleagues and I entered the crypto market, believing it was an easy way to make money. We invested all our savings, which were intended for marriage, buying a car, and purchasing a house, hoping to multiply our assets.

2. Failure and Realization

Within a month, my account had significantly decreased, losing 50% of its value in meme coins. I felt disappointed and considered leaving the market. However, after some reflection, I realized the importance of learning how to preserve money before attempting to earn more.

3. Learning and Establishing Investment Principles

I delved deeper into the market, participating in airdrops, testnets, and learning how to analyze projects. I set personal investment principles:

- Don't lose money: Avoid scams and make decisions with a clear mind.
- Avoid margin and futures trading: Prevent rapid financial losses.
- Don't invest in meme coins: Minimize risks during market corrections.
- Don't all-in on a single trade: Always keep 20% of funds in reserve.
- Limit investments to 5 coins: Focus on potential projects.
- Determine reasonable entry points: Be patient and wait for good opportunities.
- Care for loved ones: Allocate time for family and avoid being consumed by the market.