Have you ever seen someone fall from the clouds into hell and then climb back up on their own?
When my cousin was 18, an accident left him without parents forever. The day before, he was a sunny boy sweating it out on the basketball court, and overnight he became a helpless orphan. He dropped out of school and dove into internet cafes, numbing his nerves with games during the day and drowning his pain with alcohol at night. When I saw him again, that boy who once had stars in his eyes was so thin he was just a pile of bones, and his eyes were as hollow as two dry wells.
As his cousin who watched him grow up and as an analyst with ten years of experience in the cryptocurrency market, I know I can't let him ruin himself like this. But I didn't fill him with motivational speeches or paint a picture of 'getting rich quick'; instead, I pulled him to sit in front of the computer and typed out 8 'survival rules' that I acquired with real money—I said: 'Don't think about making money yet; in this market, surviving is the biggest victory.'
Mid-section: Hard-hitting warning! 8 survival rules for the crypto market; beginners can directly copy the homework.
Now, five years have passed, and my cousin not only multiplied his account several times, but more importantly, the light in his eyes has returned. He speaks and acts with a calmness that doesn't resemble a 23-year-old. He has noted these eight rules on the first page of his notebook, and I share them with every fan who asks me 'how to get started.' Today, I tell you without reservation:
Give up on the fantasy of 'overnight wealth' - the crypto market is specifically for treating all kinds of greed.
I have seen too many newcomers rush in with a 'let's gamble' mentality, thinking they can make quick money to buy houses and cars, only to lose their principal completely. Remember: in this market, 90% of losses stem from 'greed.' My cousin started with only a few hundred dollars to test the waters; even when he saw others doubling their money in a day, he remained unjealous, slowly accumulating instead, and ended up being the most stable.
Don't get carried away after making money - complacency is the prelude to pitfalls.
The market will always give you the chance to 'slap your face'. When my cousin first made a 50% profit, he excitedly shared the news with me, and I only said, 'Withdraw half of the profit, and operate the rest according to the rules.' Not long after, the asset he held pulled back 30%, and because he had locked in part of the profit early, he didn't panic. Being cautious when you're ahead helps reduce passivity when you're behind.
Recognize the essence: here we only 'transfer wealth', not 'create wealth'.
The crypto market has no guaranteed profitable trades; if someone earns, someone else will lose. Those with a poor mindset are ecstatic with slight gains and collapse with slight losses; such emotional exhaustion cannot withstand a full bull-bear cycle. My cousin can endure because he understood early on: trading relies not on luck, but on mindset and discipline.
Only use 'spare money' to enter the market - this step alone gives you an immediate advantage over 90% of people.
This is the bottom line that I emphasize repeatedly! What is spare money? It’s money that, if lost, won’t affect your ability to eat, rent, or live. The initial capital my cousin used was what he saved from odd jobs; even if he lost it all, it wouldn't throw him into a survival crisis. Using living expenses, tuition, or even loans to trade is essentially gambling with your life.
Small amounts with multiple investments - don't go 'all in', living longer is the key to winning.
The most common mistake beginners make is going 'all in', thinking 'either double or zero'. But the black swans in the market are always more than you imagine; one wrong all-in can completely push you out. From the beginning, my cousin insisted on 'building positions in batches'; even if he has high hopes for an asset, he won't go all in at once, which controls risk and allows for cost reduction during pullbacks.
Leverage operations must set a 'stop-loss line' - trading without stop-loss is like running naked.
Leverage is a double-edged sword; used correctly, it can amplify profits, but used poorly, it becomes a 'liquidation accelerator.' I told my cousin: 'As long as you deal with leverage, you must set a stop-loss in advance. Even if the asset rebounds after the stop-loss, don't regret it.' In these five years, he has seen too many people go from a million in profit to debt overnight because they didn’t set stop-losses, while he has never experienced the pain of 'liquidation' due to strict stop-losses.
Be patient and wait for opportunities - rushing to act means losing half the battle.
The market is not short on opportunities; what it lacks is the patience to wait for them. Many beginners stare at the K-line charts every day, eager to trade every minute, only to lose all their fees and misstep in rhythm due to frequent operations. My cousin also couldn't resist frequent trading at first; I had him stick the word 'patience' on his computer, gradually developing the habit of 'not entering unless there's a signal,' which ultimately increased his hit rate.
Don't touch trash assets even if they drop - quality assets can be tested when they plunge.
The assets in the market are varied and numerous, many 'air coins' rely on hype to pump prices, and they can drop faster than a rocket. I taught my cousin: 'When looking at assets, first consider the underlying logic, then the strength of the team. Those that rely solely on marketing hype, no matter how cheap, should be avoided. True valuable quality assets, even if they drop tenfold, as long as the logic remains, can be experimented with a small position.'
Ending: Follow me! I will help you avoid 99% of the detours in the crypto market.
To be honest, the crypto market has never been a 'land of redemption'; it is cruel, highly volatile, filled with unknowns and risks. But it has taught my cousin, and more importantly, me: the biggest enemy in trading is not the market, but your own greed, fear, and complacency.
In five years, my cousin not only made money but more importantly, he learned self-discipline, understood responsibility, and found direction in life. Perhaps this is the most valuable aspect of the crypto market - it is not just a place for wealth transfer but a journey of self-cultivation.
If you are currently in a phase of confusion, wanting to enter the crypto market but not knowing where to start, or if you are repeatedly losing in trading and feeling helpless and anxious, be sure to follow me!
As a ten-year veteran crypto analyst, I will share the most cutting-edge market information, the most practical trading skills, and exclusive asset analysis every day. In the future, I will also break down my cousin's specific trading cases, teaching you how to set stop-loss and take-profit points, how to filter quality assets, and how to stabilize profits during bull-bear transitions.#加密市场观察 $ETH
