Family, who understands! I've been in the crypto world for 8 years, and my ears are almost calloused from one phrase—"Go where it's lively, and you can both ride the wave and bottom fish" 🤯 Watching a group of friends chase this narrative and that trend, scrolling through messages in the community until their eyes are bleary during the day, and staring at the K-line until they go bald at night, in the end either getting cut by the 'air project' or making a little money and running away, only to look back and realize they missed the real long bull market, just busy with 'a lot of fuss for nothing.' Today, I'm going to speak from the heart: following trends is not investing; it's being a free atmosphere group for the market. The ones who can really make big money are all the 'contrarians'—the few people who go against the crowd.
Let me first calculate a painful account for everyone: how many dazzling narratives have emerged in the crypto market in the past 5 years? From the early 'decentralized currency' carnival to the public frenzy of DeFi and NFTs, and then to the later AI chains and ecological coin craze, there are no less than 20 tracks with a head and a face, not to mention those fleeting small hotspots. But looking back now, the assets that can survive stably and continuously create value account for less than 5% of the total. Most projects are 'once the narrative sounds, gold is plentiful; once the heat dissipates, it returns to zero and exits', and investors who follow the trend are essentially betting 'that they are not the last to leave the game.'
As someone who has stepped into countless pits and made money through a steady strategy, I must share 3 practical tips to help you jump out of the 'hype trap':
First, replace 'hype anchor' with 'value anchor' and refuse to be a 'wind listener'. Many people judge whether an asset is good or not by how active the community is and how much news there is, which is simply a money-giving behavior. My iron rule is: only focus on assets with 'hard support'—either mainstream assets that have been tested through multiple bull and bear cycles with a full consensus or projects with real landing scenarios that can generate continuous cash flow (like the current RWA track, moving off-chain assets on-chain, relying on real income to support value, rather than purely relying on narrative hype). In the early years, I followed the trend and bought a certain anonymous small coin, which plummeted 90% in a week, and from then on, I set the rule: no new hotspots without top-level endorsement and a clear ecological landing plan, no matter how lively it is, I will not touch it.
Second, position management is a 'lifeline'; it is most taboo to 'go all in and gamble with your life' when chasing the hype. The most common mistake for newbies is to see a certain hotspot soaring and directly go all in, resulting in liquidation to zero when the market reverses. My strategy is 'laddered position': a single trade position never exceeds 10% of total capital, and even if the trend is clear, the position after adding should not exceed 20%. For example, if I am optimistic about a certain track, I will first build a 5% base position to observe, and if it meets expectations, I will add another 5%, and I will never go all in at once. Remember, the core of the crypto market is 'survival'; as long as you keep the green mountains, you can wait for the real value to explode.
Third, accept 'slow returns' and give up the obsession with 'getting rich overnight'. The market is no longer dominated by retail investors; after institutional funds entered the game, the rules have changed—the era of achieving hundredfold returns through hype has likely gone forever. Bitcoin rose from a few cents to its peak, Ethereum surged from a few dollars to its high, behind this are years of technical iteration and ecological accumulation, not short-term hype. Those who have really made big money around me are those who held quality assets for 3-5 years; those who chase the hype every day can at most earn some pocket money and must always be on guard.
In fact, the rules of the crypto market have always been very simple: narratives will continue to iterate, heat will rise and fall, but value will only settle on those that can solve real needs and have core competitiveness. Just like the sands washing away, after the tide recedes, we only know who is swimming naked; after the hotspots dissipate, we understand who is real gold. You don’t need to envy those who make quick money by chasing the hype; the short-term carnival will eventually come to an end, and long-term perseverance will yield surprises.
Finally, let's leave an interaction: what was the worst hotspot you ever chased? Was it getting cut or lucking out at the top? Let's talk about your blood and tears history in the comments, I will randomly select 3 friends to share my 'asset selection list' for free, helping you avoid 90% of the pitfalls! Follow me@加密崎哥 #加密市场观察 $BTC
