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When it comes to the crypto world, it's like a mine shining with the light of wealth. Some start with a few ten thousand yuan, and eventually their net worth surpasses 40 million; others watch the numbers in their accounts shrink step by step, and finally leave in disappointment. Under the same market environment, why is there such a big difference?
A seasoned player I know once told me a phrase that opened my eyes—"This market isn't lacking smart people; what it lacks are those who can truly control their emotions. Once you learn self-discipline, the crypto space becomes your ATM."
Over time, I’ve come to believe this statement more and more. In this field, luck and skill are at best just stepping stones. The real factors that determine victory or defeat are greed and fear in human nature—whether you can master them or be mastered by them. When your mindset is tuned correctly, your strategy will follow suit, and the market will often make way for you.
Today, I want to share a few core ideas that this senior taught me, hoping to give you some inspiration.
**Key Point 1: Enter the market steadily, without rushing or impatience**
The biggest mistake newcomers to the crypto space make is impulsiveness. They want to go all-in on the hottest concepts, dreaming of doubling their money overnight. But this isn’t a casino; it’s a hunting ground for experienced traders. The truly valuable opportunities are always reserved for those who can stay calm and patient.
My approach is: start by allocating a small portion of funds to explore, to feel the rhythm and tempo of the market. Don’t rush to fill your entire position at once; build your holdings gradually in stages. Although this method may result in slower profit growth, it helps keep risks within manageable limits. In the long run, steady players often come out on top.
**Key Point 2: Sideways movement is actually an opportunity window**
Many people dislike when the market oscillates repeatedly, thinking it’s a waste of time. But experienced traders know that these sideways phases often provide the best opportunities for positioning.
For example, during oscillations in a low-price range, then a sudden breakdown of support—this could be a shakeout by the main players. The smart move is to accumulate in stages at the bottom. Conversely, if after consolidating at high levels the price pushes upward again, it’s often a sign of a trap to lure more buyers, and you should gradually reduce your position and exit.
Learning to read support and resistance levels allows you to steadily accumulate profits amid volatility, rather than being scared into cutting losses repeatedly.
**Key Point 3: Volatility is essentially your ally**
When the market surges, others rush in greedily to buy, but you need to stay clear-headed. Take profits in stages when appropriate; don’t expect to catch the last wave. On the other hand, when panic spreads and prices plummet, that’s the real window for building positions. The more anxious the market, the closer you are to the bottom.
View volatility as a cyclical breathing process rather than a flood of monsters. Keep your mindset right, and your execution will be on point.