It was the early morning of 2018, and I was sitting in front of the screen watching the Candlestick Chart, not sleeping a wink all night. In the end, I made a crazy decision - to invest the entire down payment of 80,000 yuan that I had prepared for my wedding into the encryption account.

At that time, Bitcoin had just broken $400, and the people around me thought I had lost my mind. They couldn't imagine that kind of impulse to change one's life.

A year later, I was nestled in a luxury hotel in Phuket, opening my trading account, and the balance showed 2.3 million. At that moment, my mind was a bit dazed, my vanity completely exploded, and I began to seriously look at the villa floor plans, pondering whether life could just be won by lying down.

Reality is harsh. I haven't had the chance to secure my gains, and the bear market suddenly hit. In just three months, the account shrank from 2.3 million to 220,000 - like a balloon that has been punctured.

On that night, squatting on the balcony of the rental apartment eating instant noodles, looking at the lights of the city outside, I truly understood for the first time what "free fall" means.

It's been ten years, and I'm still in this market, but I'm no longer that reckless young guy from back then. After stepping into countless pitfalls, the secret to surviving is these four iron rules.

First of all, if you don’t understand the track, don’t touch it at all. When NFTs exploded in 2021, I also fell victim to FOMO. Seeing others trading fiercely, I followed the trend and gambled on a so-called "metaverse leading" project, throwing in 250,000 without even finishing the white paper. As a result, the project team ran away in three days, and my wallet became a piece of waste paper.

After that, I understood that in the encryption market, opportunities that exceed one's own understanding are traps, no matter how tempting they may be.