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In the cryptocurrency world, do you want to roll from tens of thousands to a ten million principal like Liangxi? To be honest, the only shortcut is to roll over your positions.

But seriously, this kind of aggressive play is not suitable for most people. Trading cryptocurrencies is not a sprint; the mindset of making quick money will only cause you to lose your way in volatility. The accumulation of wealth is more like a marathon; only by moving steadily can you find that subtle balance between risk and reward.

If you want to survive long in the crypto world and earn steadily, you might want to try these 8 golden rules, each of which can help you avoid pitfalls and gain more.

👉 Averaging down is to reduce losses, not to fantasize about getting rich

Averaging down when caught in a position is just to lower the cost, not to expect a miracle turnaround. Don’t naively wait for a rebound; the market doesn’t owe you a miracle to break even.

👉 In calm markets, a storm may be on the way

The quieter the market, the more cautious you should be of a storm. A brief calm may just be a breather before a crash; don’t be fooled by appearances.

👉 After a big rise, there will definitely be a correction; it's a natural law

After a crazy rise in coin prices, a correction is inevitable. When you see the K-line forming a triangular fluctuation, you should be alert and not be led by FOMO emotions.

👉 Buy when others panic, sell when others are euphoric

Market panic selling often presents a buying opportunity, while a nationwide celebration requires caution in selling. Counter-trend trading can help you stay undefeated in an emotional market.

👉 Don’t sell when prices are high, don’t buy when they are crashing; remain calm during sideways movements

Don’t rush to sell when prices haven’t peaked, and don’t rush to bottom-fish when they haven’t fully dropped. During sideways movements, it’s even more important to stay steady and patiently wait for a breakout direction before acting.

👉 Watch resistance levels when prices rise, and support levels when they fall

In an uptrend, keep a close eye on resistance levels; in a downtrend, focus on key support. Being aware will help you make correct decisions at critical points.

👉 Going all-in is taboo; flexible positions are the way to go

The crypto market changes rapidly; leaving some room allows for more freedom of movement. While going all-in is certainly thrilling, one mistake might cost you your chance to turn things around.

👉 Mindset determines success or failure; greed and fear are the greatest enemies

Chasing prices when they rise and panicking when they drop will only lead to greater losses. Learn to control your emotions and stay calm to be the one who laughs last in this huge casino of the crypto world.

Remember these rules and move forward patiently. Although the crypto world is full of temptations, the true winners are those who understand the market with respect and proceed steadily.