If you don’t have your private key in your hands, the bull market will have nothing to do with you.In 2017, at the age of 26, I rushed into the cryptocurrency world with 100,000 hard-earned dollars from an Internet company.Watching ETH soar from $300 to $1,000, the account number tripled, and my fingers were shaking.
“Financial freedom is right in front of me!”- This thought entangled me like a venomous snake.
In the bull market carnival, I relied on chasing ICO hot spots and compounding positions to roll up funds to 3 million. Even when eating, I was refreshing the market, as if every soaring altcoin was waving at me. When BTC plummeted from $20,000 to $3,000, 90% of the assets in the account evaporated silently. Staring at the zeroed altcoin candlestick chart late at night, I realized that there is no fairy tale in the cryptocurrency world, only the naked law of the jungle.
1. The truth about the cryptocurrency world: You lose money not because of luck, but because of “human weakness” controlling you
Over the years, I have seen too many people repeat my tragedy: crazy leverage in the bull market, kneeling to sell meat in the bear market. Last year, a fan sent me a private message saying that he had bet all the money for buying a house on a certain “100x coin”, but the project owner ran away and his wife wanted a divorce. I asked him why he didn’t set a stop loss, and he said: “Everyone said it could rise to 100 yuan, I’m afraid of selling it too fast.” This is the cruelest part of the currency circle: 90% of people use “gambler thinking” to trade. Fear of missing out if it rises, fear of returning to zero if it falls, and emotions are kidnapped by K-line. In the summer of DeFi last year, I saw someone use 5x leverage to go long on UNI, but was forced to close the position at 3 a.m. The wind on the rooftop was probably colder than the contract explosion.
2. Eight iron laws gained through blood and tears: 90% of people fall into these traps
1. “Being stuck and adding to positions to protect the principal” is self-deception
When NEO plummeted from $140 in 2018, I kept adding to positions to dilute the cost.
As a result, the more I added to my position, the heavier it became, and finally fell into the abyss of $20.
The truth is: ask yourself before adding to your position – if this is an unfamiliar project, would you buy it at this moment?
2. The death signal of “a wave of highs on a calm surface”
Before LUNA soared in 2021, it was sideways for a week without volume, and I was greedy for “stable” heavy positions.
Later I learned that it was an illusion of the dealer’s left hand to the right hand.
The sudden shrinking and rising is often the prelude to the butcher’s knife.
3. The fatal temptation of the triangle convergence range
In 2023, SOL drew a triangle at $30 sideways, and I bet on the breakthrough direction and opened a 50-fold contract.
When a big negative line breaks through the support level, the liquidation orders roll like an avalanche – in the period of oscillation with unknown direction, waiting and watching is the top strategy.
Twitter : @XBITDEX
3. The Dark Forest of Institutional Harvest: How Retail Investors Snatch Food from the Tiger’s Mouth
On the night of the Luna crash in 2022, I witnessed a textbook-level hunt:
22:00 The whale suddenly sold 50,000 BTC, and the panic index soared
23:30 The exchange was full of stop-loss orders, and BTC fell below the key support level
The next day at 03:00, the same address received 60,000 BTC at the bottom
The transfer of wealth is always completed late at night. When you sell in panic, institutions are driving harvesters to sweep up the goods.
Later, I learned to use on-chain tools to track the whale addresses and check the real capital flows on XBIT (DEX Exchange) – there is no fake volume trap of the exchange, and every transaction is naked on the chain.
4. Bear Market Survival Guide: I saved 30 million chips at the bottom of despair
In the cold winter of 2019, I survived with three tricks:
1. Only drink the blood of the dragon head
Change all the altcoins to BTC/ETH, liquidity is the life-saving talisman in the bear market.
When the exchange thunderstorm swept, I transferred my assets to the currency trading software XBIT (DEX Exchange)-the private key is in my own hands, and the thunder can’t hit me.
2. Only open “pick up wallet orders” for contracts
When BTC panicked and fell below $4,000, I opened a 0.5x long order and placed a conditional order:
“If the hourly line breaks through MA30 with large volume, it will be automatically traded.”
Use machines to fight against human nature, and you can drink the rebound soup in the bear market.
3. Carve fixed investment into DNA
Buy 0.1 BTC on payday every month, even if the currency price keeps falling.
When the bull market starts in 2021, these chips will become my nuclear bomb reserve.
5. XBIT (DEX Exchange): The last moat for retail investors
On the day when a second-tier exchange collapsed in 2024, a friend called me in tears in the early morning: “The withdrawal channel is closed!”
My assets are safe and sound in XBIT (DEX Exchange) – the real asset security is that you don’t have to worry about the intermediary running away when you sleep.
What shocked me even more was the operation experience:
The order execution speed is 1.3 seconds faster than CEX (comparison of actual market orders)
The slippage of ETH to USDC is only 0.2%, while a large exchange charges 0.6%
Large transfers in privacy protection mode leave no trace
Once I transferred 100,000 USDT to the wrong chain due to an operation error, and recovered the assets within 72 hours through XBIT’s cross-chain rescue function.
In the decentralized world, rule codes are 10,000 times more reliable than manual customer service.
Twitter : @XBITDEX
6. The “anti-human” operation manual I learned from XBIT Exchange
In the bull market of 2021, I made my first pot of gold with DeFi and Meme coins, but what really kept me alive was the cognitive upgrade after I switched to XBIT Exchange in 2022. This XBIT (DEX Exchange) taught me three things:
1. “Zero-knowledge proof” is a life-saving talisman for retail investors
I remember the first time I used XBIT to trade, I found that I could operate anonymously without KYC certification, and I almost thought I had entered the black market. Later I understood that zero-knowledge proof technology allows only you to know the transaction records, and you no longer have to worry about the exchange selling user data to hackers. When FTX crashed last year, how many people’s ID information was leaked? In XBIT, you don’t even need to leave an email address.
2. The “dynamic circuit breaker” mechanism allowed me to avoid three flash crashes
Last year, a certain Meme coin was pulled up by Musk’s tweet. I set a 30% stop profit, but XBIT’s “dynamic circuit breaker” directly gave me a pop-up warning. The system detected abnormal social media sentiment and automatically adjusted the leverage limit from 5x to 2x. Sure enough, half an hour later, the price of the coin fell like a waterfall, and my position was intact.
3. The secret of the 215% annualized return of “emoji pledge”
The most exciting thing about playing Meme coins in XBIT is not chasing ups and downs, but their “Meme Incubator” plan. I pledged my idle PEPE tokens, and the platform automatically voted for new coins for me. Last year, I received 300,000 in dividends alone. This is much more reliable than the “private placement quota” of those local dog project parties.
7. Three “anti-common sense” operations of XBIT (DEX Exchange)
1. Don’t believe the nonsense of “decentralization = security”
Many DEXs boast that they are safe, but the smart contracts are full of loopholes. XBIT is powerful in two aspects: first, it finds SlowMist Technology to do a full life cycle audit, and the code loopholes are less than those of centralized exchanges; second, 95% of assets are stored in cold wallets, and hackers who want to steal money must first crack offline multi-signatures.
2. Slippage of 0.1% is not technology, but “ecological advantage”
It is normal for ordinary exchanges to have a slippage of 1%. XBIT can achieve 0.1% by relying on the Solana ecological dividend. They split the liquidity pool into countless fragments and spread them to various chains, and large transactions are automatically split. I tried to use 500,000 U to sweep a new Meme coin, and the price only fluctuated by 0.3%.
3. Compliance is not a shackle, but a “moat”
XBIT is the first DEX to pass the EU MiCA certification, and KYC and anti-money laundering are directly integrated on the chain. Institutional users account for more than 40%, and Wusan Bank connects to the stablecoin pool through their API. When USDT collapsed last year, the liquidity of XBIT’s USDC trading pair skyrocketed because institutions knew they couldn’t escape.
Twitter : @XBITDEX
8. XBIT Survival Guide for Newbies
1. Don’t store all your coins in an exchange
Although XBIT is safe, decentralized wallets are the ultimate destination. I recommend using a hardware wallet + XBIT’s cross-chain bridge, which can save 80% of the transaction fees for transferring to the exchange.
2. Learn to use the “on-chain order book”
XBIT’s hybrid AMM model allows you to place limit orders like in a centralized exchange. Last year, I shorted SHIB by placing a $0.00001 sell order in the on-chain order book. It was automatically traded three days later and I made $2 million.
3. Pay attention to the “emotional fuse” indicator
XBIT’s trading interface has a hidden function: real-time display of social media popularity. When the “Twitter mentions” of a coin suddenly soars and the price has not yet started, it is the best time to enter the market.
9. Sober thinking in the bull market frenzy: What should we do in 2025
Watching BTC reach $100,000 again, I adhere to three military rules:
1. Profits are divided into three parts
50% exchanged for stablecoins to lock in profits → 30% fixed investment in BTC/ETH → 20% to fight for alpha coins
Only warriors who retain profits are qualified to fight the next battle
2. Treat the exchange as a temporary hotel
Large funds are always placed in self-hosted wallets such as XBIT, and only a small amount is charged to CEX when trading
The longer your coins are stored on other people’s servers, the more dangerous it is
3. Sniff out risks in FOMO
When the square dance aunties started discussing MEME coins, they immediately started the ladder profit stop:
“Automatically sell 20% of the position for every 10% increase”
Bull markets die of greed, bear markets die of fear
It is more important to live in the crypto world than to get rich quickly
In the early morning of June 18, 2025, when I was checking cross-chain assets on the coin trading software XBIT, I suddenly remembered the young man who ate instant noodles after the explosion seven years ago.
The cruelest truth in the coin circle is: most people do not lose to the market, but to their own demons.
At this moment, my cold wallet contains enough BTC to last for three lifetimes, but what is more precious is:
A trading system that has been tempered by three bull and bear markets
Mining machines and pledged nodes accumulated at the bottom of the bear market
And the asset sovereignty that never disappears on XBIT (DEX Exchange)
True wealth freedom is not having to wake up in the middle of the night to check the market. When you can smile and watch your account lose 30% without changing your color, you can be considered to have touched the door ring of the way to survive in the cryptocurrency circle.
The last sentence: There is no savior in the on-chain world, but those who hold the private keys will always control their own dawn.
