After being in the crypto world for so many years, my frens often ask me how I've managed to survive until now. It sounds like just being alive is worth celebrating. To be honest, in the early days, I was no different from most suckers, paying out more in tuition than I earned back in real money. It was only later that I realized one thing: in this market, the value of 'survival' far exceeds 'quick doubling'.
Today I want to discuss some ideas rooted in hard lessons. It's not about the get-rich-quick schemes, but rather the underlying logic that takes you from continuous losses to being able to maintain a steady rhythm, even seeking opportunities in a bear market. It sounds a bit counterintuitive, but it can really be life-saving.
**Never put all your funds in one basket**
I have seen too many people (including my younger self) who want to go all in as soon as they enter, and when they encounter a pullback, their mindset completely shatters. The crypto world is not lacking in opportunities; what’s missing is the capital to stay alive. My strategy sounds a bit "cowardly": divide the money into five parts, each operating independently. Just imagine, if you make five wrong judgments in a row, your account only loses a little bit. The pace of returns is slower, but when your judgment fails, you still have chips to continue playing.
The most important thing is to always have an emergency fund lying outside the account. This is not idle money, but bullets reserved for real opportunities. When the market is in extreme panic and prices plummet, while others are cutting losses and giving up, you still have reserves to take action.
**Don't catch flying knives during a downtrend**
"Bottom fishing" is the sweetest temptation in the crypto world, but it’s also the easiest pit to fall into. Watching a certain coin drop from its peak, many people start to fantasize about whether it’s a "golden pit", but in the end, they often buy in halfway up the mountain. After getting cut a few times, I finally learned my lesson: the first wave of rebounds during a decline is 90% likely to be a trap for suckers. The real bottom is formed through continuous bottoming out, not guessed by feeling.
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After being in the crypto world for so many years, my frens often ask me how I've managed to survive until now. It sounds like just being alive is worth celebrating. To be honest, in the early days, I was no different from most suckers, paying out more in tuition than I earned back in real money. It was only later that I realized one thing: in this market, the value of 'survival' far exceeds 'quick doubling'.
Today I want to discuss some ideas rooted in hard lessons. It's not about the get-rich-quick schemes, but rather the underlying logic that takes you from continuous losses to being able to maintain a steady rhythm, even seeking opportunities in a bear market. It sounds a bit counterintuitive, but it can really be life-saving.
**Never put all your funds in one basket**
I have seen too many people (including my younger self) who want to go all in as soon as they enter, and when they encounter a pullback, their mindset completely shatters. The crypto world is not lacking in opportunities; what’s missing is the capital to stay alive. My strategy sounds a bit "cowardly": divide the money into five parts, each operating independently. Just imagine, if you make five wrong judgments in a row, your account only loses a little bit. The pace of returns is slower, but when your judgment fails, you still have chips to continue playing.
The most important thing is to always have an emergency fund lying outside the account. This is not idle money, but bullets reserved for real opportunities. When the market is in extreme panic and prices plummet, while others are cutting losses and giving up, you still have reserves to take action.
**Don't catch flying knives during a downtrend**
"Bottom fishing" is the sweetest temptation in the crypto world, but it’s also the easiest pit to fall into. Watching a certain coin drop from its peak, many people start to fantasize about whether it’s a "golden pit", but in the end, they often buy in halfway up the mountain. After getting cut a few times, I finally learned my lesson: the first wave of rebounds during a decline is 90% likely to be a trap for suckers. The real bottom is formed through continuous bottoming out, not guessed by feeling.