Crypto Veteran Shares Survival Playbook | BTC Maximalism Leads the Charge
By
Li Wei
Edited By
Markus Huber
A seasoned figure in the crypto space reveals his strategy for weathering market storms, following catastrophic losses from prominent exchanges. His radical pivot towards Bitcoin positions him amid ongoing uncertainty at a time when many investors question market stability.
A Cautionary Tale from 2017
Having entered the crypto scene in 2017, this veteran learned the hard way during the FTX and Luna collapses, losing everything. Reflecting on his journey, he states, "I never in a million years hold alts again, even ETH." This strong sentiment underscores a growing trend among investors focusing solely on Bitcoin.
Radical Measures After Heavy Losses
Post-loss, he transitioned to a BTC maximalist, betting heavily on Bitcoin at $15K in 2022. After selling at a peak of $107K, he acknowledges he hasn't rebounded to his previous paper gains but has found a semblance of reliability in Bitcoin's performance.
"What I, myself, have written down to do: BTC can go 75% to 85% down. It happens."
This highlights the sheer volatility that characterizes crypto trading, as many market participants still consider Bitcoin a long-term hold despite short-term downturns.
Holding Patterns and Future Predictions
With the next Bitcoin halving approaching in 2026, he plans to sit tight in safe treasure bonds for the next 13 to 14 months post-all-time highs, anticipating a market correction to between $40K and $55K.
Some comments from forums suggest skepticism about market predictions. One user points out, "When everyone is sure where and when the bottom will be - this will not happen." This prevalent doubt reflects a deeper anxiety about timing in crypto markets.
Sentiment Among Peers
Many respondents shared mixed feelings:
Supportive remarks emphasized the wisdom of focusing on Bitcoin.
A skeptical tone emerged regarding potential future slumps, mirroring broader concerns within the investment community.
Others expressed disbelief at lengthy roadmaps after heavy losses, making them hesitant about any long-term plans.
Insights and Takeaways
🚫 100% personal losses from major exchanges shaped a staunch Bitcoin-only strategy.
⚡ Optimism lingers: "Hold BTC. HOLD ONLY BTC."
📉 Predicted bottom around $40K to $55K by Nov 2026.
The conversation in forums remains lively, with many feeling the pressure of market fluctuations. As one user humorously remarked, "The bear market memes are always amazing." This light-hearted take doesn't overshadow the serious discussions infusing the community as they brace for the upcoming years.
Coming Changes on the Horizon
As the crypto market faces uncertainty, experts estimate around a 60% probability of Bitcoin stabilizing between $40,000 and $55,000 in late 2026. With the next halving on the horizon, many believe it will trigger a surge similar to past events. Market analysts suggest that if Bitcoin can maintain its current momentum, there's a strong chance that institutional investments will return, providing the much-needed confidence to diversify back into the market. However, caution remains prevalent; about 40% of participants worry that short-term fluctuations could lead to further losses, especially if the general economy continues to struggle. The anticipated market correction combined with global economic pressures will play a crucial role in shaping investor strategies in the coming months.
Lessons from the Gold Rush
The current sentiment in crypto can be likened to the California Gold Rush of the mid-1800s, where prospectors rushed in with dreams of wealth, only to face devastating losses amid unpredictable conditions. Just as many miners kept their eyes on the glittering promise of gold but overlooked the volatile landscape that surrounded them, today's investors focusing solely on Bitcoin risk repeating the cycle of excitement followed by disillusionment. The tough lessons from that era about resource scarcity and market boom-bust cycles resonate now in a market that's both promising and perilous, encouraging investors to tread carefully as they forge ahead.