I entered the market in 2021 and bought all altcoins, turning twenty thousand into five hundred, and it hasn't recovered since. Later, I invested in BNB at a high point and didn't sell, going from over 600 to just over 200. In 2022, I invested five thousand in Dogecoin contracts, turning it into twelve thousand five hundred. Then I did FIL contracts and encountered the FTX collapse, making the wrong direction and losing everything. Starting in 2023, I began dollar-cost averaging into MC, investing a total of only ten thousand. I encountered the MC upgrade to BEAMX, turning it into twenty-five thousand, and bought 14 BNB. Later, I invested another ten thousand to buy 6 BNB, and it has already tripled.

The cryptocurrency market is losing money, can I recover my losses?
Today, several friends asked me how to recover losses in the cryptocurrency market.
I summarized that the main reasons for losing money are playing contracts and altcoins. I personally lost half of my assets in 2021, but I have recovered and even made a slight profit this year. Based on my personal experience, I have summarized some views and strategies.
People who have lost money can be divided into two categories: one category has lost money but still has principal, and the other category has lost everything and has nothing left. For these two types of people, the first thing they must do is to pause contract trading. This high-risk gambling method is not suitable for most people; most people tend to take small profits and hold on during losses.
First, let's talk about the category of people who have lost money but still have capital. For these people, if they want to recover their losses, they must be cautious. Based on the current market conditions, they should plan their recovery period for the next bull market and not think about getting rich overnight. At this stage, they should learn to cash out their coins during high points and wait for the price of U to drop below 6.5 to buy USDT. They can then engage in stablecoin trading pairs and investment on Binance, and also participate in Binance's new token offerings with FUDSD. On average, making a 5% profit in a year is still feasible. Be patient and wait until around 2026, when others are in extreme panic, to find the opportunity to go all-in on Bitcoin and then lay back and wait for the next bull market to arrive.
As for the second category, those who have lost everything and have nothing left. This group often lacks risk management awareness and treats the cryptocurrency market as a casino. If they still want to recover their losses and are interested in the cryptocurrency market, they must completely quit contracts and altcoins, and study more about earning through legitimate projects. They must be diligent, as this can be even harder than working a regular job. By maximizing their earnings in the cryptocurrency market, their annual income can still be quite considerable. However, if they have neither capital nor learning ability, it is recommended to withdraw from the market and return to a normal life.