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One of my old friends, who has been in the crypto space for 7 years, used the “dumbest” method to grow his principal from 500,000 to over 50 million!

He is 42 years old this year, from Shanghai, and lives a very ordinary life: 5 houses, 1 for himself, 1 for his family, and 3 for rent. After 7 years of trading cryptocurrencies, his principal has multiplied by hundreds of times, not relying on insider information or luck, but adhering to a simple set of principles.

Today, I share his experience, which may help more crypto enthusiasts:

【Six Iron Rules of the Crypto World｜Understanding them is worth more than learning ten different techniques】

1️⃣ Rapid rises and slow falls = Accumulation

A fierce rise with gentle pullbacks often indicates that big money is quietly accumulating. Don't be scared off by small dips; you need to watch the rhythm.

2️⃣ Quick falls and stagnant rises = Distribution

A rapid drop followed by weak rebounds usually means that the main force is retreating. Don't think you are getting a bargain; be careful not to be the one holding the bag.

3️⃣ High volume at the top ≠ Definitely a peak

High volume at the top might continue to push higher; conversely, if there is reduced volume at the top, it is very likely a signal that the market has peaked.

4️⃣ Be cautious of single large volume at the bottom; multiple large volumes are safer

A single transaction spike might be a false move; continuous large volumes represent a true consensus forming.

5️⃣ Trading cryptocurrencies is driven by emotions, and direction comes from consensus

Don't get lost in complex charts; market psychology is the core. Volume reflects consensus.

6️⃣ “Nothing” is the true realm

Without obsession, greed, or fear, one may survive long-term. Only those who can patiently stay in cash and wait for opportunities are qualified to benefit from significant market movements.

One last point: the real enemy in trading is not the data, not the news, but your own mindset. So-called news, policies, or market manipulation are just superficial; the greatest variable is always human sentiment.

The crypto world is full of uncertainty and challenges, but it also nurtures opportunities. Keep calm and rational, and respond to changes with a steady strategy to have a chance to go far.
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