Survival Iron Law in the Crypto World: Be Modest and Patient, Stability is King!
On the battlefield of the crypto world, emotions are the biggest "shorts." Countless people lose their way in the extreme pull between sudden wealth and liquidation, yet they overlook the real survival principle—maintaining a mindset as solid as a rock to laugh last.
1. Beware of the "Victory Trap" and Reject Blind Confidence
Don’t call yourself a "Chain God" just because of a profitable trade; the market changes rapidly, and a single success may just be a stroke of luck. Overconfidence can blind rational judgment, leading you to experience a Waterloo when least prepared.
2. A Liquidation ≠ The End, Avoid Impulsive Exits
A single liquidation or profit is not the end; some panic and liquidate after a single loss, missing subsequent market opportunities; others forget themselves after a big profit and eventually give back all their gains. These extreme reactions are the result of being driven by emotions.
3. The "Cold Wallet Mentality" of Professional Players
True experts remain calm regardless of market ups and downs. When the market rises, they do not blindly chase highs driven by greed; when faced with liquidation, they can quickly and calmly review their positions instead of making wrong decisions out of fear. Because they know well: the moment emotions spiral out of control is the beginning of the market's harvesting.
Remember: in the crypto world, "stability" is the way to go. Eliminate impatience and arrogance, counter volatility with rationality, and you can protect your capital and win the future in this high-risk game!
