I make a living off K-lines and fundamentals, but over the years I've increasingly felt that in the cryptocurrency world, it's not about smart money, but patient money. Today I want to talk about something real—how to endure through bull and bear markets with 'dumb effort.'
1. Cut leverage, which means cutting off the inner demon
A newcomer I brought along once turned a twenty-fold contract overnight, but returned to zero in three days. I asked him, 'Do you know what the dealer fears the most? They fear you not gambling.' Later, I forced him to cut his position to thirty percent, with leverage reduced to within one times. During the first crash, he trembled and wanted to cut losses, and I said, 'The remaining bullets are your life; as long as you have life, the table is still there.' That night, he kept seventy percent of his capital, and the next day he rebounded and earned 5%. When he sent me the screenshot, he only replied: 'Sister, I understand.'
The high volatility of the cryptocurrency market determines that leverage is both an accelerator and a meat grinder. The annualized returns of high-frequency traders are often lower than those of low-frequency players by 18.5%, as frequent operations not only miss key market movements but also have profits eaten away by transaction fees. The so-called 'foolishness' is to admit that you cannot accurately predict short-term ups and downs, only making money within the realm of your understanding.
2. Draw grids: break greed into quantifiable goals
I let him break down the profit target into small grids, each grid is 5%, and filling ten grids means doubling. Don't bet on a hundredfold or thousandfold; just bet on whether you can persist. The hardest 68 days, he watched the market for less than half an hour each day, spending the rest of the time exercising, reading, and giving his account a 'check-up'. While others stay up late chasing hot topics, he shuts down at ten-thirty, saying, 'Staying up late magnifies human nature; keeping a clear mind preserves the principal.'
Behind this is an anti-human discipline: set profit-taking and stop-loss lines (e.g., take profits at 20%, exit at a 15% loss) to avoid being tied down by emotions. Too many people in the cryptocurrency space fall at the foot of the mountain, not because the road is steep, but because they always want to reach the top in one step.
3. Safety margin: understanding is more important than being cheap
My criteria for selecting projects is quite 'stubborn': only invest in currencies whose underlying logic I can understand. For example, whether the project's technology is open-source, whether the community is active, and whether the token economic model has long-term value capture capability. Many people die on the mountaintop chasing hot topics because the peak of Google search popularity often coincides with the end of a market trend.
The real safety margin is not a low price but a deep understanding. For example, if the fundamentals of a project remain unchanged and the team continues to build, a sharp drop may actually present a buying opportunity. Instead of believing in 'hundredfold coins', it's better to dollar-cost average into BTC and ETH, at least you can sleep well.
4. Slow is fast: compound interest is the only shortcut for ordinary people
At the end of last year, his account more than doubled, but he lost three kilograms. He said, 'What has slimmed down is greed, and what has grown is patience.' Later, he bought a vehicle worth over a hundred thousand and told me, 'The car was bought with compound interest, not luck.' I replied, 'Remember, even when stuck in traffic, do not leverage to overtake.'
This is the truth of the cryptocurrency world: wealth is the bib number for a marathon, not a trophy for a hundred-meter sprint. Institutional data shows that dollar-cost averaging or phased investment strategies can keep the maximum drawdown within an acceptable range, which is much more stable than betting everything.
5. My 'not-to-do list'
Do not engage in leveraged contracts (reject the gambler's mentality)
Do not chase the 'last stick' of community hot topics (FOMO is the source of losses)
Do not invest in untrustworthy teams (once caught cheating, permanently blacklist)
Do not stay up late watching the market (maintaining rationality is more important than seizing opportunities)
The last sincere piece of advice:
In four years of cryptocurrency, I have seen geniuses crash their sports cars into walls and ordinary people walk to the top. This market rewards not intelligence but 'foolish effort'—a respect for risk, a commitment to discipline, and a belief in long-termism. If you are also on this path, remember: the bib number is still there, and the finish line will come eventually.
Follow Xiang Ge to learn more firsthand information and precise points about cryptocurrency knowledge; become your guide in the crypto world, learning is your greatest wealth!#ETH走势分析 #加密市场观察 $ETH
