Last Wednesday morning, when the mobile banking app popped up the deposit notification, I was staring blankly at the K-line chart on my computer screen—320,000, not an astronomical figure in the cryptocurrency world, but the 'cognitive realization' I earned after 8 springs and autumns in Hangzhou, along with a receding hairline, chronic gastritis from staying up late, and countless sleepless nights.
When I entered in 2016 with 5,000 'initial chips', I was still a naive rookie who couldn't even distinguish between K-lines and moving averages. Some people doubled their investments with insider information in the short term, while others became overnight millionaires through leveraged speculation. I chose the most 'foolish' path: not chasing trends, not touching contracts, and not believing in so-called 'gurus' leading trades. Over four years, the leap from 5,000 to 1,200,000 was not due to luck, but the result of getting back up after numerous liquidations, analyzing hundreds of trading records every day, and firmly resisting the urge to follow the crowd during market craziness— the cruel truth in the cryptocurrency world is that those who survive are never the best at predicting ups and downs, but the best at controlling themselves.
A summary of 6 survival rules after 8 years of blood and tears, understanding this can save you 1 million.
The "heartbeat" of the market is more important than its "appearance": many people focus on price curves chasing highs and lows, but forget that trading volume is the real signal. Price surges like an elevator and then slowly retreats; it’s highly likely a "bait to entice buyers"; if there is a sudden surge in volume and a drop at a high position, don't hesitate to withdraw quickly — this is a clear signal that the market is "harvesting retail investors," and being greedy will get you ground down.
A sharp drop is not a "bargain hunting opportunity," it's a "trap for the unwary": I've seen too many people rush in to "pick the bottom" after a flash crash, only to end up more trapped. Remember: a slow rebound after a sharp drop is not a bottom; it’s the major force "retreating while selling." There is no absolute "floor price" in the crypto world; below the floor, there might be a basement, and under the basement, who knows, maybe there are eighteen layers of hell.
High positions being "quiet" is scarier than "noisy": a surge in volume doesn't necessarily mean a peak, but a sudden drop in volume at a high position must be taken seriously. It’s like a noisy night market suddenly going quiet; the next second could be a "table-turning" big fluctuation — all calm after the madness is a precursor to a storm.
The bottom looks at "resilience"; don't take a single surge in volume seriously: occasionally, a surge in volume at the bottom might be a "trap to entice buyers," as the major force is "pretending to accumulate"; only after a sustained low-volume consolidation, followed by continuous surges in volume, is it truly about to start — being patient for signals is 10 times more reliable than blindly entering.
The candlestick chart is the "result"; trading volume is the "truth": a candlestick can only tell you whether it has "risen or fallen," but trading volume can tell you "how crazy the market was" and "how many were panicking and selling." Learning to observe the combination of trading volume and price will allow you to see through the major force's "disguise" and not be fooled by superficial market conditions.
Detaching emotions is the "survival instinct" in the cryptocurrency world: wanting to increase positions when making money, wanting to hold on when losing money, this is human instinct, but in the crypto world, instinct can lead you to lose everything. I have seen too many people earn money by luck, only to lose it back due to "emotions." True experts can decisively act when opportunities arise and can also pour cold water on themselves when greed and fear surface.
Finally, let me say something from the bottom of my heart
On the day the 320000 arrived, I didn't feel ecstatic like I did when I was younger; instead, I set a profit-taking line for my account, closed the market software, and took a walk by West Lake. My 8 years in the crypto world taught me: wealth is never "gambled out," but is a "reflection of understanding" — the deeper your understanding of the market, the thicker your account balance.
I lost 8 years of a stable youth, missed a lot of time with family, but gained the ability to stay clear-headed amidst fluctuations, and acquired the mindset of "not panicking regardless of ups and downs." The cryptocurrency world is like a cruel amusement park; some come in, make quick money, and leave, while others get hurt badly here. But those who truly stay are the ones who treat "trading" as a "practice."
Next, I will continue to share more practical reviews, market interpretations, and those unspoken "pitfall details." If you are also navigating the crypto world and want to avoid detours, feel free to follow — in the future, we will steadily make money and slowly become rich together in this complex market. After all, those who can leave the crypto world with a smile are the real winners~
