The same question that gets bombarded with questions every day is back: "Is there any way to make a living in the crypto world without betting on price fluctuations?" I'm sick of seeing too many newbies rush in with the fantasy of "getting rich overnight," only to be fleeced with nothing but their underwear! Today, I have to be frank: Don't believe in those "quantitative analysis tools" and "insider information." Last year, I met a small shop owner who used a method simpler than accounting to earn eight figures in a bear market—more impressive than me, an analyst for eight years!
I've been in the crypto world for eight years, going from losing my entire down payment following so-called "big shots'" recommendations to consistently outperforming the market. It wasn't through any advanced techniques, but rather thanks to a boss named Lao Lin who enlightened me. Lao Lin used to run a small shop downstairs from my apartment, and his business was phenomenal—he always stocked the perfect amount of discounted eggs that Aunt Wang loved and the spicy strips that middle school students clamored for. He never stocked too much or too little, knowing the neighborhood's needs better than the neighborhood committee.
Three years ago, he closed his small shop and went all-in on encryption. While others were chasing after those low-tech projects with names they couldn't even pronounce, he quietly worked on it with a "selling goods mentality." Last year, during the bear market, while others were crying and selling at a loss, he was smiling and bought a new house in a good school district. He told me, "This business is no different from running a small shop; it's all about buying low and selling high, figuring out demand. You guys are making it too complicated!"
Here's the key point! This "anti-smart" method only has 4 steps, all of which he figured out from running a small shop. I translated it into crypto slang for him. Newbies who follow this method can avoid at least 80% of the pitfalls. This is now a "life-saving guide" that I always pass on to my relatives when they start learning. Today, I'm sharing it with my fans for free!
Step 1: Product Selection – Only accept genuine products that can be used as firewood.
Old Lin's convenience store never sells "three-no snacks" (snacks without proper labeling or production date), and the same principle applies to the crypto world: don't touch those projects that can't even explain their core logic! His product selection criteria are very simple, focusing on two points: First, "people use it every day," such as ecosystem projects that can solve real problems, like the soy sauce and vinegar he sells, which are necessities with real demand regardless of market conditions; second, "the boss is reliable," meaning the project team must have solid experience, not just someone who changes their profile picture today and disappears tomorrow. This is the same logic he uses to select suppliers based on their qualifications.
Let me add something. Now, when I choose a project, I also check the "community activity" – just like Lao Lin checks which snacks have a high repurchase rate. If the comments section is full of "when will the price increase?" instead of discussing practical applications, block them as soon as possible! Remember, good projects are like good snacks; people will actively repurchase them, instead of relying on hype to keep them going.
Step Two: Entering the Market – Wait for the “supermarket clearance sale” before making a move.
Old Lin's best strategy is timing his stockpiling! He buys ice cream at low prices when it's almost out of season in the summer, and then sells it in the winter for even greater profits. In the crypto world, this is called "contrarian entry"—being greedy when others are fearful, and observing when others are greedy.
Last year, a mainstream project dropped by 60%, and my WeChat Moments were filled with cries of despair from those who had sold at a loss. But Lao Lin was calculating with a calculator: "This stuff is like rice; no matter how cheap it is, people still have to eat it. The price is now more than halved compared to last year, so it's time to buy." As a result, less than six months after he bought at the bottom, the project rebounded by 80%, and he secured his profits.
Here's a hard-earned lesson from me: Don't chase after "hot" items! Just like when everyone was hoarding salt, you followed suit at a high price and ended up with nothing. My current strategy is to add promising items to a list, set a "bottom price," and never buy until it reaches that price—I'm even more stubborn than Lao Lin guarding his purchase price. Remember, chasing highs and selling lows is a beginner's grave; contrarian investing is the key to making money!
Step 3: Storage – Arrange items in designated areas, like arranging shelves.
In Old Lin's convenience store, expensive items like cigarettes and alcohol only occupy one-third of the shelves; the rest are all essential goods like snacks and drinks. In investing, this is "position management," and also what I repeatedly emphasize as the "lifeline"!
He divided his money into three parts: 60% was used to buy "ballast" projects with stable price fluctuations, like the rice and flour he sold, which were easy to sell and could withstand market fluctuations; 30% was used to buy "growth" projects with potential but low risk, like the new snacks he stocked, where he would buy more if they sold well, and if they didn't sell well, it wouldn't affect the overall situation; the remaining 10%, he said, was "keeping it to buy candy for his grandson," which was a reserve fund that he would never touch, no matter how tempting the market was.
I've seen too many newbies throw all their money into a single project, laughing all the way up when it goes up, and crying their eyes out when it goes down. Brothers, in the crypto world, survival is paramount; your portfolio is your lifeline! Don't gamble with the market; only by allocating your funds wisely can you go the distance.
Step 4: Exit – Once you've earned enough for the "rent," stop.
Old Lin has a strict rule: every month, he earns enough to cover the rent and inventory costs of his small shop, and then saves the rest, never being greedy. In the crypto world, this is equivalent to "setting a profit target," and it's also the best way to overcome greed.
The first project he bought went up 50%, and I advised him to wait a bit longer, saying it might double. But he shook his head and said, "When I invested, I just wanted to earn enough for my son's tuition. Now I have enough. If it goes up further, it's a bonus from God. If it goes down, I won't lose anything." Not long after, the project dropped 30%, and I was stuck for half a year before I broke even, while he had already cashed out and used the money to buy his wife a gold bracelet.
I've now developed the habit of setting a profit target for each project and selling when the price reaches that point, even if it rises further afterward. In investing, greed is the biggest enemy. Knowing when to take profits isn't cowardice, it's intelligence! Those who try to "sell at the highest point" often end up giving back their profits or even losing their principal.
Honestly, the crypto world is never short of "smart people," but it lacks "stubborn fools" like Lao Lin. Those who stare at candlestick charts until the early hours of the morning may not earn as much as him; those who constantly talk about "high leverage, quick in and quick out" may not even be able to keep their principal.
This simple, four-step method, gleaned from running a small shop, lacks complex indicators and profound theories, yet it consistently generates profits in both bull and bear markets. Beginners who follow it can avoid at least 80% of the pitfalls; experienced traders, looking back, realize that the essence of making money is indeed this simple – choose the right stocks, enter against the trend, maintain a reasonable position size, and take profits when appropriate.
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