Last January, when I entered the market, Bitcoin was just over $40,000, not yet $50,000. During that period, I was very determined, with the goal of holding onto spot assets and going all-in within a month, investing nearly 500,000 yuan. By the end of 2024, when I cleared my positions, my account had $140,000, and I just wanted to have a steady year.

The problem arose later. After reading too many news stories about altcoins getting rich overnight, combined with my cycle analysis, I started to believe that 2025 would see a major rally in altcoin season. Once I had this idea, I completely lost my original intention—greed took over. I switched from Bitcoin to altcoins and went all-in, but afterward, all the altcoins declined.

The cost of inexperience was severe. I didn’t cut losses in time, instead chasing gains and selling at lows, and when trying to recover my losses, I even used leverage to add positions. The final result was that my account, which started with $140,000, lost over $120,000 and is now worth just over $20,000. These past two months on the road to recovery, I invested a total of 86,500 USD, and now only have 25,914 USD left—every day is a lesson.

So my current decision is very clear: besides Bitcoin and Dogecoin, I won’t touch any other coins. No matter how much they rise or how many stories there are, they are irrelevant to me. The next plan is to buy more Dogecoin on dips to test the rebound, and at the same time, wait for Bitcoin to return to $60,000. When that happens, I will go all-in with whatever I have.

My advice to everyone is: don’t be greedy. Only hold mainstream spot assets—that’s the key to surviving long-term.