Market trends are constantly changing, and people are eager to chase the next opportunity for sudden wealth.
The blockchain industry has never stopped innovating, with Crypto and AI trends overlapping, including Non-Fungible Token, Altcoin, RWA...
New hotspots and new legends emerge endlessly, with some experiencing asset growth overnight and near-zero losses, while more people are trapped in the cycle of chasing highs and cutting losses.
Nine-year veteran OG Bit Wu @BTW 0205 tells us through personal experience: After the prosperity, patience and deep thinking are truly what can keep one undefeated.
He jokingly calls himself an "ancient KOL", starting to create crypto content in 2016. At this stage, his life was experiencing a low point, with his second startup nearly failing.
However, the wheel of fate was quietly turning - for a mining software development outsourcing project, he surprisingly received 40 bitcoins as payment. Overnight, his journey in the crypto world began.
This is the "OKX Friends" series of dialogue interviews, aimed at providing new users with learning references through exploring different KOL industry stories, thoughts, and lessons.
This interview is conducted by Mercy @Mercy_okx, welcome everyone to follow (*´∀`)~
ICO Frenzy: Overnight Fame
In 2017, the first token issuance wave swept the globe. Various tokens emerged like mushrooms after rain, with prices skyrocketing.
Bit Wu recalls that at the time, Altcoin prices rose far beyond Bitcoin and Ethereum, with tens of thousands of principal easily turning into tens of millions.
According to him, at the bull market peak, his account value had reached a "billion" level.
During that time, he would see millions more in his account daily, becoming somewhat numb, "After reaching A8, an additional few million in the account meant nothing." The capital dream made him momentarily forget himself, as if success was effortless.
But looking back, he realized: when everyone is immersed in the carnival, one should remain clear-headed and wary of the risks brought by the bubble.
On the Brink of Zero: Madness and Anxiety
As expected, the bubble eventually burst. In 2018, the bear market arrived, ICO projects collapsed one after another, countless Altcoins went to zero, and his wealth evaporated overnight.
Recalling those days, Teacher Wu frankly admitted that this crash threw him into a "loss loop" - losing in invested projects, Altcoins, and constantly exchanging Bitcoin and Ethereum, with more operations leading to deeper losses and increasing anxiety.
He reflected: "The more I operated, the more mistakes I made, the more I lost, the more I gambled, the more I feared... ultimately forming a complete loss loop."
The gap from peak to bottom caught him off guard, and during that period, he tossed and turned, unable to sleep. It was then he realized: understanding must keep up with market changes, and avoid "path dependence". Once the previous path to wealth becomes invalid, one needs to find a new direction.
(Translation continues in the same manner for the rest of the text)Of course, he also suggests that every trader should find their own "track" and not blindly follow others' trading methods.
OKX Financial Management and Diversified Allocation
In terms of strategy tools, the teacher has always practiced the philosophy of "slow is fast".
First, he emphasizes the importance of stable financial products: "Financial management can ensure asset growth even during bear markets, and OKX's coin-earning product line does this very well. In other words, during bear or sideways markets, using fixed-income or dual-coin earning products to achieve asset self-growth is key to preserving wealth."
His personal fund allocation is about 80% in mainstream assets like Bitcoin and Ethereum, with the remaining 10-20% spread across stablecoin earning and dual-coin strategies.
He most frequently uses OKX platform's "余币宝" (Simple Coin Earning) and Dual-Currency Wins. For example, facing Bitcoin's recent surge, he once placed a coin-based dual-currency strategy: setting a Bitcoin sell target price (such as 108,000), with an annualized return of up to 20%.
This way, once Bitcoin rises to the target price, he can earn high returns; if the market declines, he converts funds to USDT dual-currency to obtain returns.
Simply put, financial tools can make funds "move on their own", obtaining considerable interest steadily, far from the complexity of chasing ups and downs.
Not limited to crypto assets, he also hedges across markets. For instance, he recently purchased some gold to counter fiat currency inflation risks; he also sees long-term opportunities in US tech stock indices.
He believes future technological waves (AI, biotechnology, etc.) will likely still be led by US stock market leaders, "Buying US stocks should be an excellent choice in the next ten to twenty years".
Based on these judgments, he almost completely avoids futures contracts and high leverage on exchanges, believing that "normal people can't control leverage above 1x".
In summary, his current overall strategy is: patient coin accumulation + stable income generation + moderate hedging.
Although this strategy is slow-paced, it brings stable returns and allows him to always retain sufficient chips during bear markets, preparing in the best posture for the next wave of growth.
In Conclusion
In the teacher, I seem to see the calmness of "light boat already passed ten thousand mountains", and from his experience, I feel: on the trading path, there are no shortcuts, only steady progress.
In this unpredictable Web3 world, don't rush to follow trends. Carefully build your underlying framework, path, and mindset. When the next opportunity arrives, you'll have the ability to seize it.
Would you like to share your similar experiences? What is your trading philosophy? Welcome to share your stories and insights in the comments! High-quality content can win the latest OKX peripheral three-piece set!
If you also agree with the wisdom of "slow is fast", please like and share this article, letting more people see the teacher's practice and thinking, and grow together~
Disclaimer
This article is for reference only. It represents the author's views and does not represent OKX's position. This article does not intend to provide (i) investment advice or recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; (iii) financial, accounting, legal, or tax advice. We do not guarantee the accuracy, completeness, or usefulness of such information. Holding digital assets (including stablecoins and Non-Fungible Tokens) involves high risks and may experience significant volatility. You should carefully consider whether trading or holding digital assets is suitable for your financial situation. Consult your legal/tax/investment professional regarding your specific circumstances. You are responsible for understanding and complying with local applicable laws and regulations.
