I have a friend who achieved financial freedom through cryptocurrency investment, and his comeback story is a real-life "crypto legend." Once an ordinary office worker like us, his life trajectory changed after accidentally coming into contact with the blockchain world. Initially, a "newbie" who couldn't even distinguish between Bitcoin and Ethereum, he opened the door to wealth in the cryptocurrency market driven by his curiosity and adventurous spirit.
The key turning point came from the precise positioning of Chainlink (LINK). When the market's attention was focused on mainstream coins in 2018, he keenly captured this potential project, which was priced at less than $1 at the time. After in-depth research and discovering its technological advantages in blockchain data oracles, he decisively invested heavily. Even when facing a 30% floating loss in his account, he held his ground and ultimately welcomed the explosive period in 2020 when LINK soared to $30, earning over $5 million from a single investment.
Investment portfolio strategies are also worth learning from:
- In 2021, he preemptively invested in DeFi projects like Uniswap (UNI) and Synthetix (SNX), capturing 5-10 times returns.
- Strict stop-loss mechanism: After a 40% loss from a single leveraged short on Bitcoin, he completely abandoned high-risk operations.
- Established a mature risk control system, refusing emotional trading.
Through the trials of the market, he summarized nine golden investment rules:
1. Taking profits is the way to go#
When profits exceed expectations by 30%, it is advisable to take profits in batches. The market always has uncertainties, and locking in profits in time can avoid "roller coaster" trends.
2. 10% loss mandatory review mechanism#
If consecutive losses reach 10%, trading must be paused to analyze whether it is due to market environment changes or strategy errors, avoiding falling into a revenge trading vortex.
3. No trading in gray areas#
For assets where technical and fundamental analyses contradict, it is better to miss out than to make a mistake. Investing is not a probability game; certainty is the core.
4. Avoid coins that surge dramatically#
Coins that rise more than 50% in the short term carry significant selling pressure risks; chasing highs is equivalent to actively taking over. Remember, "risks come from rises, opportunities come from falls."
5. Beware of signals from massive trading volumes#
High trading volumes at peaks often indicate that major players are offloading. At this time, one must overcome FOMO psychology and strictly adhere to the "no chasing highs" discipline.
6. Timing for contrarian positioning#
In weak markets, gradually buy quality assets at low prices; in strong markets, wait for pullbacks to enter. Grasp the counterintuitive operation rhythm of "being greedy when others are fearful."
7. Pyramid-style position building strategy#
Do not exceed 30% position for the first entry; increase positions in a tiered manner every 10% drop. This both averages down costs and avoids unilateral decline risks.
8. Precise strikes within the circle of competence#
Only trade familiar technical patterns (like head and shoulders breakout) or projects that have been deeply researched. Refuse to blindly follow the hype.
9. Weekly trend determines long or short#
Do not trade rebounds in a weekly downtrend; do not trade pullbacks in a monthly uptrend. Operate in accordance with the direction of the larger cycle.
Survival motto in the crypto market: The market always rewards rationality and discipline while punishing greed and fear. Establish a replicable trading system and maintain a "calm in the face of ups and downs" mindset to continuously accumulate wealth through bull and bear cycles.
OKX Activities This Month#
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Further Reading#
Top 10 Exchanges in China 2025 (Real-time updates)
From 100,000 in debt to 10 million in assets: My ups and downs in the crypto world
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