In the cryptocurrency world for ten years, I have walked from the brink of liquidation to where I am now. The deepest realization is: staying alive is more important than anything else.
In the past, I also fantasized about 'taking a risk to turn a bicycle into a motorcycle,' experiencing both glory and despair. Now my account balance has long surpassed eight digits, but what I want to share the most is not how to earn, but how to avoid losses.
1. Change your perception of the cryptocurrency world
Don't treat it like a casino; it is a market of 'mispricing + amplified cycles.' The core of making money lies in: avoiding shitcoins, acknowledging the power of four-year cycles, and giving up precise predictions of tops and bottoms—just aim for being roughly correct.
Two, never step into these three pitfalls
Heavy position reversal: Eager to recover losses often leads to faster demise. I set a strict rule: no single coin should exceed 20% of total holdings.
Unlimited averaging down: Don’t immediately average down after a drop; first ask if the value logic has changed.
Obsessed with quick profits: 80% of my profits come from 'holding quality coins + swing trading', short-term trading is just icing on the cake.
Three, to survive, it relies on discipline
Before the market opens every day, I silently remind myself: Surviving is more important than anything else.
- Always keep 30% cash to deal with extreme market conditions;
- If a single coin loses 15%, cut losses unconditionally;
- Absolutely do not borrow money or increase leverage.
Four, making money can be slow, but protecting money must be fast
I achieved a 5x return in two bull markets relying on a strategy of 'pyramid building + dynamic profit-taking', but the key is risk control:
- Position management: Long-term 50% + swing 30% + cash 20%;
- Only select coins in the top 20 by market cap with real ecosystems;
- Keep funds in top exchanges, and transfer large amounts to hardware wallets.
Five, mindset determines how far you can go
In the end, what matters is the mindset:
- Restrain greed: Take profits in batches once the goal is reached, don't be greedy for the last bit;
- Combat fear: Invest only with spare money, and if it doesn't affect your life, you can hold on to it;
- Reject impatience: Sometimes, doing nothing is the best action.
This market is very fair: If you respect it, it will reward you; if you are arrogant, it will teach you a lesson. Making money is just a result, surviving is the real skill.
Follow Xiao Ge @luck萧 to learn more about first-hand information and precise points in the crypto circle, becoming your navigation in the crypto world, learning is your greatest wealth! #ETH走势分析 #加密市场观察 $ETH
