《From 200,000 to 20 million: The Rules for Advancing in the Cryptocurrency World by an Experienced Trader》

1. Refuse leverage, protect the principal red line

The cryptocurrency world is like surfing in turbulent waves, where risks and opportunities coexist. But remember: never borrow money to invest. Maintaining control over your funds is essential to survive in the market.

2. Invest idle money, maintain strategic determination

Only use idle funds to participate in market fluctuations. This way, even if you encounter short-term losses, it won't affect your quality of life or judgment, allowing you to truly manage your investments freely.

3. Long-term layout, time creates wealth

Real winners understand that "holding coins is harder than holding a minority." Choose quality assets and let time be your best ally.

4. Quiet as a virgin, swift as a hare

When there are no opportunities in the market, remain observant. Excellent hunters know how to wait for the best moment to strike; it's better to miss than to make a mistake.

5. Technical analysis is just a tool

Candlestick charts are the language of the market but not the truth. Mature investors focus more on the fundamentals of the project and the cyclical nature of market sentiment.

6. Stay away from air coin traps

Be wary of projects with flashy but empty white papers. Only choose quality assets with real application scenarios and strong technical support.

7. Do not catch falling knives

Coins that have plummeted often have deeper issues. Remember: there is a basement below the floor, so be cautious when bottom fishing.

8. Withdraw bravely at the end of a bull market

When the market goes crazy, the wise have already started to exit gradually. Preserve your strength and wait for the next cycle.

9. Strike hard when the opportunity is right

When high-certainty opportunities arise, be bold enough to make significant bets. But this should be based on thorough research and strict risk control.

10. Scientifically allocate asset portfolios

Reasonably allocate funds across different sectors to not miss opportunities while also diversifying risks. Remember: don't put all your eggs in one basket.

11. Reduce unnecessary monitoring

Overly focusing on short-term fluctuations after building a position only affects your mindset. Set warning lines and invest your time in more valuable research.

12. Build positions at low levels while waiting for value discovery

Gradually build positions when undervalued, then patiently wait for the market to reassess the value. This is an important source of excess returns.

The above rules are the crystallization of my experience gained through real capital, and I hope they inspire you.