New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
Many people’s first step into the crypto world is to study candlestick charts, MACD, RSI, and to watch the market all day, doing T trades, treating themselves as professional traders. And then? After a series of operations, their accounts shrink directly. The earliest to get liquidated around me were precisely these self-proclaimed smart people.
As for me, I used a "foolish method" that they look down upon, and in less than two months, I turned a principal of 2100U into 75,000U. Today, I will break down this method.
**First Principle: Hold stubbornly, keep position at 30%**
I never do T trades, nor do I watch the market constantly. My strategy is simple to the point of being absurd—just hold and not let go. When prices fall, pretend not to see; during sideways movement, sleep as usual; when prices rise, lock in some profits, and continue rolling over the rest.
This is actually the core of dollar-cost averaging—using time to spread out risk and let probabilities work in your favor. The crypto market is so volatile that many people want to buy at the lowest point and sell at the highest, but most likely, they miss out. I’ve long recognized that I can’t catch those perfect entry points, so I chose the simplest approach: regular fixed-amount investments.
**Second Principle: Only follow trends, stay away from trash coins**
All my attention is focused on top-tier coins like Bitcoin and Ethereum. Why? Because they have large enough market caps and deep liquidity, making it hard for retail investors to get wrecked. In contrast, those endless small coins and meme coins—I hardly touch them. Those are like lotteries; the chances of winning and the odds of losing are not really related to your knowledge system.
**Third Principle: Control yourself, don’t think about getting rich overnight**
Honestly, the easiest way to lose money in crypto is due to mindset issues. Seeing others double their money in three days makes you restless, chasing after hot coins at high prices. The result? Buying at high and getting trapped at low. I’ve learned the most important thing: accept your ordinariness.
Those claiming they can precisely grasp market movements are either suffering from survivor bias or trying to deceive you. I choose to believe in mathematics, in the power of time, rather than believing I can beat the market.
**Why this method has survived until now**
First, reduce decision frequency. The more decisions you make, the higher the chance of mistakes. I might check my account once or twice a week, so I won’t be swayed by short-term fluctuations.
Second, low cost. The benefit of dollar-cost averaging is that in a bull market, you won’t over-leverage, and in a bear market, you can keep buying. When the market recovers, those earlier low-price entries turn into profit sources.
Third, stable mindset. No need to watch the market constantly, no need to analyze candlesticks, and even no need to think about when to enter or exit. Just follow the plan and transfer funds accordingly. It sounds boring, but boredom is exactly what makes you the most money.
**Final words**
The crypto world is never short of smart people; what’s lacking are those who can persist. Sometimes, the ones who do the best in this market are actually those who seem the "dumbest." They don’t chase perfect entry points, don’t expect daily doubles, but just honestly dollar-cost average, hold stubbornly, and compound.
In a few years, when you look back, you’ll realize that this "foolish" strategy is actually the smartest choice.