After spending a long time in the crypto market, I gradually realize a truth—market ups and downs are essentially a contest of different levels of understanding.

Many people fall into a few common traps. For example, blindly going all-in based on some rumors, being blinded by stories of short-term quick profits, chasing after rises and selling on dips, ultimately becoming market "chives." These people often lack one thing: an understanding of the underlying logic of projects and a clear grasp of industry trends.

Truly successful investors understand that volatility is normal, and temporary losses are nothing to fear. What’s truly frightening? It’s losing composure during market fluctuations and making wrong decisions driven by emotions.

Learning to manage your position size is like installing a "fault-tolerant" system for yourself. Never put all your funds into a single coin or project; leave room for maneuver. This way, even if a black swan event occurs, you won’t be hurt badly.

Honestly, the crypto world has never been a casino; it’s a competition that requires long-term dedication. Endure the market’s repeated turbulence, withstand those seemingly boring waiting periods, and stick to your investment logic—time will ultimately favor those who do.