Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
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.
I totally relate to the part about going all-in on altcoins; greed is indeed the biggest killer in crypto.
Sticking to mainstream coins only is really good advice, I've learned my lesson now.
I'm saying, if you had just held onto your Bitcoin and Dogecoin from the start, you would have already been a winner. Instead, you went after those hundredfold coins...
I agree, mainstream is the way to go; everything else is gambling.
Looking at your recent moves, I'm glad I didn't get caught up. Many people are still jumping into the pit.
Now, this mindset is correct. Wait until it hits 60,000 and go all in again, hoping to break even.
Falling from 140,000 to 20,000 is truly a bloody lesson
Greed can really be deadly; I've also suffered this loss
Just hold onto BTC and Dogecoin, don't look at others
No matter how tempting the altcoin stories are, stay strong
I've realized this now; just steadily accumulate mainstream coins moving forward
From losing 140,000 to just over 20,000, this tuition fee is really expensive, but compared to some people getting liquidated directly, it's still fortunate.
But to be fair, only trusting Bitcoin and Dogecoin now is also quite extreme. The mindset has been adjusted, but don't go to the other extreme.
FOMO during the altcoin season is truly the most toxic poison in crypto. I've seen too many stories like this.
Waiting for 60,000 to go all-in? It's more important to stabilize your mindset first, and not get attracted by some new coin again.