5 Core Rules for Wealth in the Crypto World: Understand Them to Avoid 10 Years of Mistakes!
In the crypto world, some people get rich overnight while others lose everything. What’s the difference? It’s not luck, but understanding and strategy.
If you want to survive in this market long-term and achieve wealth transformation, focus on these 5 things; success is just a matter of time.
1. Define Your Goals: Are You Here to Make Money or to 'Gamble'?
Many people enter the crypto world, addicted to the thrill of short-term price fluctuations, ultimately becoming victims of the market. True winners have only one goal: stable profits.
Ask yourself: Do you want to gamble on luck, or make money consistently through understanding? If the answer is the latter, you must build your own trading system instead of relying on intuition.
2. Understand Human Nature: How Do Major Players Harvest Retail Investors?
The essence of the crypto world is a game of human nature. Major players always act in opposition to retail investors—buying when the market is fearful and selling when the market is euphoric. If you always chase after rising prices and sell on dips, you are destined to be harvested. Learn to think contrarily and perceive market emotions to make the right decisions at critical moments.
3. Supreme Patience: 90% of Profits Come from Waiting
The biggest illusion in the crypto world is that “you must trade all the time.” In fact, most of the time you should be observing. In a bull market, hold your assets; in a bear market, wait. Frequent trading will only deplete your capital. Real opportunities often arise during extreme fear or greed in the market, and only those with patience can seize them.
4. Trend Judgment: Bull and Bear Cycles Determine Your Wealth
In the crypto world, trend is more important than technique. If you can’t distinguish between bull and bear markets, you will make wrong decisions at the wrong times. Hold boldly in a bull market and cautiously buy in a bear market; learning to identify market cycles will significantly increase your success rate compared to most others.
5. In-Depth Research: You Can’t Earn Beyond Your Understanding
Why can some people anticipate hundredfold coins? Because they conduct in-depth research on projects rather than blindly following trends. If you know nothing about a certain coin and buy just based on candlestick patterns or news, it’s no different from gambling. True wealth belongs to those who can see further than others.
