Having been in the cryptocurrency world for 8 years, I understand more and more as time goes on:

Turning 10,000 in capital into 1,000,000, technical analysis is really not a stumbling block; being able to control your own hands is the line between life and death.

When I first entered the market in 2017, I rushed in with my savings of 12,000, and my operating logic was laughably simple—

Staring at the K-line chasing the rise, buying the dip after a two-point drop.

In October, Bitcoin plummeted from 126,000 to 80,000 during that “flash crash”; I bought in halfway up, and after three weeks, I was left with only 6,000, which was when I was truly awakened by the market.

At that time, I understood that trading is not about who acts fast, but rather about who can remain steady.

Money is earned through patience; big money is brewed through endurance.

What changes the account is never the daily volatile fluctuations but rather a few major market movements where you can make the right call.

Last week, as expectations for the Federal Reserve to lower interest rates rose, Bitcoin surged from 84,000 to 93,000; I decisively sold off at 92,000—

At that time, IBIT ETF had a single-day redemption of 523 million; this kind of funding signal is more reliable than any indicator; sure enough, two days later, it fell back to 89,000.

The top will never hang a sign; it hides in the moment of your hesitation.

Now I have my own rules: clear out before major policies, don’t gamble on direction during holidays, and like the recent fluctuations of Ethereum between 2,700 and 3,000 USD, if I don’t understand it, I hold onto USDC without moving.

Some say it’s too conservative, but during the October “flash crash,” how many people got liquidated because of greed? I relied on this conservatism to keep my capital for the rebound.

The most magical thing about the cryptocurrency world is that emotional fluctuations are even more exaggerated than prices.

After three days of gains, I feel like a stock god; after two days of losses, I start to doubt life.

But now the “fear and greed index” is still in the “extreme fear” range, which instead makes me feel secure—

At this time, it’s not about the thrill, but about being right or wrong.

Someone asked what the shortcut from 10,000 to 1,000,000 is?

There really is no magical indicator; it just requires doing three things: lie flat when it’s time to stay out, be patient when it’s time to wait, and act decisively when it’s time to execute.

Just like now, Bitcoin is fluctuating around 90,000; I’m watching the support level at 88,000, and I won’t reach out unless it hits that point.

In this industry, to survive longer and earn more, mindset is the foundation; when the foundation is stable, the account will naturally be stable. @bit冰