I entered the market in 2021 and bought altcoins, turning twenty thousand yuan 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 another five thousand in Dogecoin contracts, turning it into twelve thousand five hundred. Later, I encountered the FTX collapse while trading FIL contracts and lost everything. Starting from 2023, I began dollar-cost averaging into MC, investing a total of only ten thousand, and encountered the MC upgrade to BEAMX, turning it into twenty-five thousand and buying 14 BNB. Later, I invested another ten thousand to buy 6 BNB, and it has tripled since then.

The cryptocurrency market has lost money, can it be recovered?
Today several friends asked me how to recover losses in the cryptocurrency market.
After summarizing, I found that the main reasons for losing money are trading contracts and altcoins. I once lost half of my personal assets in 2021, but I have recovered this year and even made a slight profit. Below, based on personal experience, I summarize some personal views and strategies.
We can divide those who are losing money into two categories: one group has lost money but still has capital, while the other group has lost everything and is left with nothing. For these two types of people, the first thing to do is to stop contract trading. This high-risk gambling method is not suitable for most people; most people tend to take small profits quickly but hold on until they incur larger losses.
Let’s first talk about those who have lost money but still have capital. For this group, if they want to recover losses, they must seek stability. Based on the current market conditions, they should aim to recover losses in the next bull market and not think about getting rich overnight. At this stage, one should learn to cash out their cryptocurrencies when the prices are high and wait to buy USDT when the price drops below 6.5, then perform stablecoin trading pairs and wealth management on Binance. They can also participate in new coin offerings on Binance. On average, earning 5% over 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 lie back and wait for the next bull market to arrive.
As for the second group, 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 losses and are interested in cryptocurrency, they must completely quit contracts and altcoins, and study projects that yield rewards. They must be diligent, as this can be even more challenging than working. If they excel at maximizing rewards in the cryptocurrency market, their annual income can still be considerable. However, if they lack both capital and learning ability, it is advised to withdraw from the market and return to a normal life.