Let me talk about my understanding of cryptocurrency trading.

First of all, the premise for investing real money is my firm belief that Bitcoin goes through cyclical changes with halving, resulting in bull and bear markets. Additionally, Bitcoin can break previous highs each time during these cyclical changes. Furthermore, when Bitcoin breaks previous highs and continues to grow and double, it will lead to a collective surge in various altcoins.

If you don’t think this way, then don’t get involved; it’s that simple. This is my understanding of the crypto world, which is why I entered without hesitation, investing over 500, which is within my capacity to bear; I can endure a total loss.

However, good things often come with challenges; investment always carries risks. Where can you find an investment that guarantees profit without loss, with low risk and high returns? If such opportunities exist, they won't be available to us common folks.

The cycle has peaks and valleys, so investment returns are destined to have peaks and valleys as well. This means that each investor will experience both losses and gains within a cycle. What should be done now is to stabilize emotions, overcome human nature, and wait for the peak to arrive. If the market drops by 20% or even 40%, one cannot hold on and wants to liquidate; if it rises by 30%, one sells everything, and then on seeing it double, one jumps back in, only to end up with nothing after the cycle. If you don’t lose, who does?

To make money, one must endure the pain of losses, the pain of missing out, and the pain of selling too early. These are the three major hardships in the crypto world that everyone will experience. I feel that one should not constantly stare at the market, wanting to check it every ten minutes. This greatly affects one’s mood and life, as well as work. It’s important to distract oneself. Recently, I have been rock climbing to stay fit, and with a busy work schedule, focusing on making money, I haven’t updated much. Besides, the market has been fluctuating for at least three months, and there’s not much to say.

Moreover, one must know that in the crypto world, bears last longer than bulls, so a downturn may last for several months, while an upturn might return in just a week. Thus, most of the time, it’s normal to be in a loss.

When will the market turn? I’m afraid I’m not qualified to predict that. Zhao Changpeng has come out; during the Dubai event, he seemed to be in great spirits. Quoting him, the crypto market has a four-year cycle: halving in 2016 started a rise, a bull market in 2017, halving in 2020 led to a rise, bull market in 2021, and halving in 2024, so 2025 is worth looking forward to.

Those who believe in this cycle should stay; those who don’t should leave early.