Alright, check this out – this is a story about my buddy who basically turned into a Bitcoin wizard while living in China.
So, my friend, let’s call him “Lee,” isn’t some financial guru or anything. We worked together, and to be honest, he wasn’t that much better at trading than me back in Korea. But then he got sent to China for work, and things got interesting.
Turns out, China’s not exactly crypto-friendly. He couldn’t even use Binance, a popular exchange, without jumping through hoops with a VPN. This meant he couldn’t trade as often as he used to, which, in hindsight, was a blessing in disguise.
See, Lee was worried about getting wrecked during work hours when he couldn’t keep an eye on the market. So, he started playing it super safe, only using low leverage and sticking to Bitcoin and a few other big-name coins like Ethereum. No risky altcoins for him!
Now, here’s where it gets wild. Instead of spreading his money around, he’d go all-in on ONE coin at a time, putting in 75% of his cash and leaving the rest for backup. He’d use this weird chart called Heikin Ashi to spot trends and just ride them out until they changed.
The craziest part? He didn’t even use stop-loss orders! I know, I know, it sounds insane, but the market was so crazy back then that it kinda made sense.
Long story short, this dude turned $180 into $1500! He even cashed out a grand, like he said he would. I was blown away.
So, what did I learn from this?
- Less is more: Trading less often can actually be a good thing. It forces you to be more patient and make better decisions.
- Don’t get greedy: Stick to low leverage and protect your money.
- Keep it simple: Focus on the big players and don’t get distracted by shiny new coins.
I still can’t believe he pulled this off, but it just goes to show that you don’t need to be a genius to make money in crypto. Sometimes, a little bit of luck and a lot of common sense go a long way.