In the cryptocurrency world, there is a harsh truth: the greater the losses, the harder it is to make a comeback. $DOGS

It's like Buffett's classic saying: "The first rule is to never lose money; the second rule is to always remember the first rule."

In the cryptocurrency world, many people fantasize about doubling their assets every day, but they overlook the true experts who always adhere to one principle: never let their account balance hit zero.

The reason behind this is that mathematical laws do not lie.

Take a look at these painful numbers: a 10% loss requires an 11% gain to break even; a 30% loss requires a 43% gain;

if you suffer a 50% loss, you need to double your investment to recover; if you incur a 70% loss, you need a 233% gain to get back on track.

This is also why many people are deeply trapped in the cryptocurrency market. When your account balance is down to half, it's like "half a foot stepping into the danger zone";

when losses reach 70%, you're basically "hovering on the edge of a cliff". Small losses still have a chance to be compensated, but significant losses often leave you powerless to recover. Whether one can survive in the cryptocurrency world hinges on their willingness to cut losses in a timely manner.

There are many methods for cutting losses, and I commonly use four of them, with the last one being the simplest, most practical, and cost-effective.

However, each method of loss-cutting must be combined with one’s trading system, logic, and rhythm; it cannot be blindly copied.

But today, it is essential to remember one point: in the cryptocurrency world, you can make a hundred mistakes, but you must never let one mistake "kick you out of the game". Those traders who do not understand how to cut losses will find it difficult to achieve long-term development in the cryptocurrency market.

The cryptocurrency world is ever-changing, filled with opportunities and challenges. In this uncertain market, only by learning to cut losses can you control risks and protect your capital.

I hope that every friend striving in the cryptocurrency world can master the skills of cutting losses, becoming more stable amidst the market's waves, making their journey in the cryptocurrency world smoother, and reaping their own wealth and growth.