Want to survive longer in the crypto space? Advice from a senior who turned 200,000 into 30 million

A couple of days ago, someone asked me: “How can one survive a little longer in the crypto space?”

I instantly thought of a senior I know.

He entered the coin market with 200,000 and now his account has grown to 30 million.

He once told me something that I still remember: the most expensive thing in this market is not the K-line and indicators, but your own emotions.

Those who can stabilize their mindset will eventually have money come to them.

Whether you can make money in the crypto space actually boils down to three core principles: don’t be impulsive, don’t be greedy, don’t mess around.

Just like recently when ADA fluctuated, moving sideways from 0.52U to 0.55U repeatedly, the senior didn’t make a move the whole time. He said that fluctuating markets test your mindset the most; acting randomly will only result in getting slapped back and forth.

In contrast, many people, when excited, go all in. This is not investment; it’s risking your life.

Be slower, be steadier; it’s much safer than going all in.

Real opportunities can be understood at a glance; there’s no need to stare at the market every day.

Most people lose money, to put it bluntly, because they “act chaotically”: chasing after a slight rise and cutting losses at the slightest fall, being repeatedly educated by the market.

The senior's principle is: don’t chase when it rises too fast, don’t catch when it falls too hard, and hold off when the direction is unclear.

More importantly, prioritize position and risk. Never go all in, don’t use living expenses, and never borrow money to enter the market. Hold a base position in mainstream coins and use small positions to test altcoins.

Many people only think about “making money” and never consider “how to lose less,” but the senior said that those who can go far are always thinking: “How can I stay at the table consistently?”

As long as you’re not forced out, opportunities will eventually come.

The crypto space can indeed be lucrative, but it tests human nature even more. A steady mindset and a slow pace are always more effective than flashy operations.

Those who can survive in the market and still make money are always the ones who dare to reach out first.

Are you ready? @bit福多多

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