I have a friend who became wealthy through cryptocurrency trading. His journey is truly legendary and serves as a living example in my circle. He now spends his days traveling and grappling with the "problem" of having more money than he can spend.

A few years back, he was just like the rest of us, earning a standard salary and living a routine 9-to-5 existence. But by a stroke of luck, he entered the blockchain and cryptocurrency world. Initially, he had limited knowledge of this field—concepts such as Bitcoin or Ethereum were quite abstract to him. However, driven by curiosity about innovation and a touch of adventurous spirit, he embarked on his crypto trading adventure.

The pivotal moment in his wealth accumulation came from a relatively obscure altcoin. At that time, most investors were focused on mainstream coins like Bitcoin and Ethereum, but he targeted smaller, overlooked coins, particularly early-stage projects. In 2018, he decisively invested in Chainlink (LINK), which was priced below $1 then. Many people were unaware of this coin, viewing it as a minor blip in the crypto market, not worth attention. Yet, he conducted extensive research and discovered that the technology team and application scenarios behind it were robust, especially its immense potential in blockchain data on-chain technology.

The start was far from smooth. My friend recalls that shortly after entering the market, the crypto sector experienced significant volatility, and his account dropped nearly 30%. Many panicked and sold off, with some even cutting losses and exiting entirely. He wrestled with whether to hold or liquidate, as a 30% loss was substantial for him. Fortunately, he persisted and didn't let short-term market fluctuations undermine his conviction.

That perseverance yielded returns far exceeding expectations. By 2020, Chainlink surged dramatically, with its price climbing above $20. Not only did he refrain from selling at that point, but he continued buying in batches. When the price exceeded $30, he finally cashed out. Rough estimates show he netted nearly $5 million USD from this Chainlink investment alone—a return of over 30 times from the initial sub-$1 entry. This small coin became his stepping stone to wealth.

Beyond Chainlink, he invested in other coins too. For instance, in early 2021, he purchased tokens from DeFi projects like Uniswap (UNI) and Synthetix (SNX). These generated solid returns during the DeFi boom, though less spectacular than Chainlink, with each coin appreciating 5 to 10 times and contributing to substantial overall profits.

Of course, he hasn't avoided losses entirely. He admits that early on, he shorted Bitcoin, believing its rapid price rise would correct, and he used leverage. But the market continued climbing, and his account lost 40% in just days. This taught him valuable lessons, particularly about leverage risks, making him realize that blindly amplifying funds regardless of conditions is perilous. Since then, he has avoided high-leverage trades, focusing more on risk management and capital allocation.

Today, he has achieved financial freedom, having quit his job long ago to live an enviable lifestyle. He no longer obsessively monitors the markets as before, instead dedicating time to global travel and life enjoyment.

Here are some insights from his experience that may inspire those exploring the blockchain world.

1. Know when to take profits

He emphasized that exiting timely after significant gains is crucial and to be satisfied with what you've earned. When account profits surpass expectations, avoid greed—step away, take a break, or travel to recharge. This helps calmly evaluate future investments. Don't wait for market reversals and regret later, as volatility is often unpredictable.

2. Reflect if losses exceed 10%

Losses are inevitable in investing. But he stressed that consecutive losses over 10% warrant a pause to identify the cause. Many become fixated on "breaking even" and add more funds when losing, deepening their losses into an irreversible trap. During losses, calmly analyze whether it's market shifts or personal errors—timely strategy adjustments are more vital than reckless persistence.

3. Avoid unclear short-term trades

For crypto trading, especially short-term moves, his advice is: don't act if uncertain. These moments are prone to losses. Often, the market appears favorable, but without full confidence, the best choice is to wait. Investing isn't gambling—if unsure, refrain from trading to prevent unnecessary setbacks.

4. Don’t chase coins up over 50%

Coins can spike rapidly, but he cautioned against chasing those that have risen over 50%. He explained that while short-term surges attract attention and capital, they often lead to traps. Buyers risk getting stuck when bubbles burst, facing significant hazards. Remember, large gains frequently precede steep declines.

5. Control emotions during high-volume rallies

Another key insight: after sustained gains, resist profit temptation during high-volume rallies. Many novice investors chase highs in rising markets and get caught in false pumps. He highlighted that emotional control is critical here. With market volatility, it's best to observe rather than jump in recklessly when volume spikes at peaks.

6. Buy low during weakness, buy dips during strength

Timing is essential. His strategy involves buying low in weak markets and purchasing dips during strong ones. The core is to align with market rhythms, not emotions. Weak markets offer low-positioning opportunities; strong ones require waiting for pullbacks instead of chasing highs.

7. No adding positions without 100% confidence; build positions in batches

Regarding position additions, he advised: never add without full understanding and absolute confidence. Adding positions carries risks—many blindly add during uptrends, but reversals multiply losses. Instead, build positions gradually at low levels to reduce average costs and volatility risks.

8. Operate within familiar patterns

He also underscored trading within known patterns to secure low-risk profits. For any coin purchase, have a clear strategy and pattern, not just trend-following or intuition. Whether using technical or fundamental analysis, base it on well-understood, experienced approaches to maintain safety in uncertain markets.

9. Don’t jump into weekly timeframe pullbacks lightly

Finally, he repeatedly warned against lightly entering weekly timeframe pullbacks.

🎁 Limited-Time Bonus — New Users Get a Bitcoin Mystery Box Worth 20+ USDT, Guaranteed!

Sign up for leading crypto exchanges such as OKX, Binance, Huobi, Bitget, Bybit, Gate, Backpack, and more—all accessible in one place!
👉🏻 Bookmark the latest official backup domains to ensure you don't miss out: https://linktr.ee

🔥 Recommended Reading

2026 Latest Top 10 Cryptocurrency Exchange Rankings 🔥【Must Save】

🔥 How to Solve OKX Access Issues from mirror sites

Many exchanges' original domains face blocks or slowdowns due to overseas servers, often confusing users who think platforms are down. This is typically a network issue, not an outage. To address it, OKX, Binance, and others regularly update backup domains for continued access.

1. OKX backup domains: OKX - VPN needed or backup domain
1. Binance backup domain: Binance
1. Bitget backup domain: Bitget
1. Bybit backup domain: Bybit
1. Huobi HTX backup domain: Huobi HTX
1. Gate.io backup domain: Gate.io

🔥 Alpha Gold Hunting Tools

1️⃣ Axiom Gold Hunting Tool https://axiom.trade
2️⃣ Gmgn Gold Hunting Tool https://gmgn.ai
3️⃣ dbot Gold Hunting Tool https://app.debot.ai
4️⃣ Morelogin Multi-account Fingerprint Browser for Airdrop Hunting www.morelogin.com

My Friend Who Achieved Financial Freedom Trading Link Shared This Story