After years of struggling in the cryptocurrency world, I finally see a core principle clearly: the competition in this market is essentially a game of human nature and mentality.
The candlestick chart is like a dealer in a casino, constantly teasing the nerves of gamblers; leverage tools are like poison that goes through the intestines, causing people to lose themselves in greed.
Rather than advising those speculators to stop in time, it is better to let them fall a few times in the abyss of liquidation—when they receive a forced liquidation notice at three in the morning, they will naturally understand the importance of respecting the market. These lessons learned with hard-earned money are more profound than any technical analysis.
The battles of top traders have never been a contest of technical schools. When followers of the Taoist theory encounter advocates of wave theory, what often determines the victory or defeat is whether they can maintain the composure to hold their positions overnight.
This market has never lacked young prodigies who become famous, but what is truly scarce are the veterans who have survived several rounds of bull and bear markets. Just like a wise man in the deep mountains may not live long, a farmer in the countryside may live more solidly—markets always punish those who think too highly of themselves.
True value investors can only hold the vast stars and seas of ten years later in their eyes. They are not blind to the myths of others becoming rich overnight; they are just too clear: those who want to drive a Maserati while unwilling to part with an old Alto will ultimately end up empty-handed.
A trader's fate is to always be accompanied by anxiety, while an investor's medal is the scars left during drawdowns.
Remember: the richest rewards from the market always belong to the survivors who take survival as their highest creed. After all, only those who remain at the poker table have the chance to wait for their own royal flush.
You can only earn by living longer. Seize the opportunity; this market will take you to new heights.
