Many people treat contracts as gambling, but in reality, it is a trading skill that requires strict discipline. Why do you frequently get liquidated? Why do you always buy high and sell low at the bottom? Often, it’s not a lack of luck, but a lack of systematic risk control awareness and execution. **Three Bottom Lines You Must Follow** First, choosing the right asset is crucial. BTC and ETH, due to their ample liquidity, have relatively low risk of slippage and are suitable for beginners to accumulate experience. Altcoins, although volatile, often experience liquidity drying up at critical moments, making retail traders most vulnerable to being swept out. In short-selling operations, the 4-hour MA60 is a good reference. When the price is suppressed below the MA60 for the third time, it often indicates that the bulls’ strength is limited, and the risk-reward ratio for short positions is relatively favorable. This logic can maintain a win rate of over 75%. The core of long positions is identifying genuine support zones. Combining previous lows on the daily chart with RSI oversold signals often indicates a short-term rebound possibility. But the key is not to rush to chase high on the halfway up the mountain; wait until the price truly confirms support before entering. **Four Elements of Capital Management** If daily losses exceed 20% of your capital, you must stop trading. This is not conservatism but a necessary measure to protect yourself during sharp declines. Consecutive liquidations often start from ignoring this bottom line. Scaling into positions gradually is an effective way to reduce risk. You can try with 5% of your capital for the first order, and after the strategy shows profits, gradually add more. This way, you can seize opportunities without risking your entire capital on a single misjudgment. After a 50% profit, using 5-minute K-line charts to trail stop-loss is more prudent. This method helps you lock in profits during strong trends while avoiding greed that could cause you to give back gains. After making profits, develop the habit of withdrawing regularly. Take out at least 50% of your profits each month. This not only locks in gains but also keeps your mindset calm. The market always teaches lessons, and after withdrawal, your mental state tends to be more composed. **Fake Breakout Sniping Method** In ranging markets, fake breakouts can easily cause panic. When the price breaks above a previous high with insufficient volume, it often signals a reversal opportunity; when it breaks below a previous low with irrational volume, it’s usually a trap to induce short positions. Recognizing these situations requires time and experience. After two consecutive stop-losses, you must pause and reflect. This is not a waste of time but a chance to calm down. During sharp declines, consecutive stop-losses are most likely to occur, and judgment at that moment is often poor. Stopping to reassess the market rhythm is a wise move. Everyone’s trading style is different; the key is to find a rhythm that suits you and stick to it. Systematic thinking combined with firm execution is the foundation of long-term stability.

In the evolution of the crypto world, new public chain projects are constantly emerging. PEP, as a public chain project targeting young users, focuses on simplicity, ease of use, and innovative potential. According to the project team, it is a Layer1 public chain based on the POW consensus mechanism, with a design philosophy emphasizing lowering the barrier to entry so that ordinary users can easily participate. Compared to the early Bitcoin story, which has become history, PEP attempts to create new opportunities for participants through the development of its ecosystem. The project focuses on young users and hopes to secure a place in the next decade's crypto cycle through interesting product design and practical features.

In the cryptocurrency circle, there is a person's name mentioned by countless people, and that is "Brother 480,000." He used 480,000 yuan to buy 100 bitcoins and posted a live update on Baidu Bitcoin Tieba, but he cut his losses and exited just before the dawn of wealth, missing out on millions or even billions of yuan in fortune. His story is both a tragic drama, an inspiring story, and an educational tale. 1. The Starting Point of Brother 480,000 Brother 480,000's real name is unknown, but based on his posts in Tieba, some background information can be inferred. He is an ordinary office worker with a loving wife and a cute daughter. He and his wife saved money for seven or eight years, preparing to buy a house. He was interested in Bitcoin but lacked much understanding and experience. He is impulsive yet persistent, with a gambler's mentality and courage. Brother 480,000 bought Bitcoin on January 28, 2014. At that time, the price of Bitcoin was about 4,800 RMB. He used the house funds he and his wife had saved for seven or eight years, totaling 480,000 RMB, to buy 100 bitcoins, and posted a thread titled "I bought 100 bitcoins with 480,000." In the post, he said: "I don't know if this is the right decision, but I believe Bitcoin has great development potential. I want to turn the down payment into full payment, and maybe even earn enough for a car. I will livestream my trading process here, welcome everyone to follow and guide." This post quickly attracted attention and discussion from other users in Tieba. Some supported him, some opposed him, some encouraged him, and some mocked him. Some said he was a brave warrior, others called him a fool, some said he was a leek (a new investor), and others called him a whale. In short, Brother 480,000 became one of the hottest topics in Tieba. 2. The Process of Brother 480,000 After posting and livestreaming, Brother 480,000 began his long and winding journey in trading cryptocurrencies. During this process, he experienced the fluctuations of the Bitcoin market and the changes and challenges of his own mindset. He was happy at times, sad at times; persistent at times, wavering at times; profitable at times, losing at times. Here are some representative statements he made in Tieba: • February 7, 2014: "Bitcoin dropped sharply today, from over 5600 to 4800. I still don't plan to sell, I believe it will bounce back." (Highest price that day: 5636 RMB, lowest: 4800 RMB) • February 12, 2014: "Bitcoin went up a little today, from over 4500 to over 4700. I still don't plan to sell, I believe it will go higher." (Highest: 4720 RMB, lowest: 4500 RMB) • February 15, 2014: "Bitcoin dropped a little again today, from over 4700 to over 4600. I still don't plan to sell, I believe it will rebound." (Highest: 4719 RMB, lowest: 4600 RMB) • February 22, 2014: "Bitcoin rose a lot today, from over 4600 to over 5000. I still don't plan to sell, I believe it will go even higher." (Highest: 5028 RMB, lowest: 4601 RMB) • February 25, 2014: "Bitcoin dropped a lot today, from over 5000 to over 4000. I still don't plan to sell, I believe it will stabilize." (Highest: 5019 RMB, lowest: 4000 RMB) • March 3, 2014: "Bitcoin rose a lot today, from over 4000 to over 4400. I still don't plan to sell, I believe it will break through 5000." (Highest: 4439 RMB, lowest: 4001 RMB) • March 4, 2014: "Bitcoin increased even more today, from over 4400 to over 4900. I still don't plan to sell, I believe it will break 6000." (Highest: 4919 RMB, lowest: 4438 RMB) • April 4, 2014: "Bitcoin dropped a little today, from over 4900 to over 4800. I still don't plan to sell, I believe it will break 7000." (Highest: 4918 RMB, lowest: 4801 RMB) • April 26, 2014: "Bitcoin dropped a lot today, from over 4800 to over 4200. I have lost confidence; I think I failed." (Highest: 4801 RMB, lowest: 4201 RMB) From these statements, it is evident that Brother 480,000 maintained an optimistic attitude and firm belief throughout his trading journey. He believed Bitcoin's price was only temporarily volatile, not a long-term trend. He thought Bitcoin's price would keep rising rather than continuously falling. He believed his investment would pay off, not end in vain. He never gave up his goals and dreams. However, he also faced many difficulties and challenges. He had to deal with market fluctuations and risks, as well as family pressure and doubts. He endured asset devaluation and losses, as well as psychological torment. He had to withstand external ridicule and sarcasm, as well as internal conflicts and entanglements. Brother 480,000 also revealed some of his personal situation in Tieba. He said he did not tell his wife about buying Bitcoin, instead lying that he saved the money. He said every time he saw Bitcoin's price drop, he felt like collapsing. Every time his wife mentioned buying a house, he felt like dying. Seeing his daughter's adorable smile made him want to cry. Throughout his trading, he did not bring harm to his family. Instead, he caused them pain and trouble. His wife never knew he bought Bitcoin with the house funds, as he deceived and concealed it. His daughter lacked a stable and warm home, as he neglected and cold-shouldered her. His parents did not have a安心 and放心 son, but were worried and burdened by him. Brother 480,000 once lamented in Tieba, saying he felt sorry for his family, wanting to give them a good life but pushing them into the abyss. 3. The End of Brother 480,000 After buying Bitcoin, Brother 480,000 persisted in his beliefs and goals, never selling a single Bitcoin. He kept updating his trading status in Tieba, sharing his joys and sorrows with other users. However, on May 6, 2014, his post suddenly stopped updating. From that day on, Brother 480,000 disappeared from Tieba. What exactly happened? Where did he go? Did he sell his Bitcoin or not? These questions have been troubling other users in Tieba. Some speculate that Brother 480,000 might have been unable to bear the pressure from the continuous decline in Bitcoin's price and chose to commit suicide or escape. Others think he might have been discovered by his wife, leading to divorce or separation. Some guess that he might have achieved profit from the rebound and chose to sell or disappear. Others believe he might have had other reasons, making him unable to continue trading and choosing to give up or transfer. All these are just guesses, with no evidence or clues. Brother 480,000 is like a mystery, vanished from Tieba. He left an unfinished story and an unanswerable question: if he had not sold his Bitcoin, what would he be like now? 4. The Impact and Lessons of Brother 480,000 Brother 480,000's story caused a sensation in Tieba, became a legend in the crypto circle, and went viral online. He became a legendary figure and an educational case. He brought us many influences and lessons, summarized as follows: • Impact on investors: His story provides a vivid and real example for investors, showing both the glory and risks of the cryptocurrency market, and reflecting their own strengths and weaknesses. Investors can learn some investment knowledge and skills from him, as well as reflect on their mindset and principles. They can gain encouragement and motivation, or warnings and lessons. • Impact on the market: His story offers an interesting and meaningful topic, revealing the diversity and vitality of the crypto market, as well as its problems and areas for improvement. The market can sense the market sentiment and expectations from his story, and discover opportunities and potential. It can learn from his experience and lessons, and inspire innovation and development. • Impact on society: His story provides a captivating and thought-provoking narrative, showing society the charm and challenges of the crypto community, as well as its values and responsibilities. Society can understand some characteristics and laws of the crypto community from him, and grasp some confusions and expectations. Society can support progress and contributions of the crypto community, or supervise risks and regulations. In summary, Brother 480,000's story is extraordinary and enlightening. It shows the struggles and dreams of an ordinary person in the crypto market, as well as failures and regrets. It offers a window to observe and learn about the crypto market, and a mirror to reflect and improve it. It brings laughter and tears, as well as thoughts and inspiration. It is a story worth remembering and passing on, and also a story worth learning from and being cautious about. It belongs to Brother 480,000, and to all of us.