18 Lessons I Learned in the Crypto Market

1. Don't expect others to think for you: The market is a 'player vs. player' battlefield; you can only rely on your own judgment.

2. Be wary of information asymmetry: Influencers on Twitter may have insider information; discerning the source of information is more important than blind following.

3. Trust your own analysis: When market sentiment is extreme, others' advice is mostly noise; don't be swayed.

4. Step out of the echo chamber: Don't just listen to voices that agree with you; actively seek opposing views to avoid overlooking risks.

5. Spend time wisely: Argue less and study whitepapers, experience applications, and document your investment logic more.

6. Don't let others' profits disturb you: Focus on fundamentals for long-term holdings; don't waver due to short-term ups and downs, and don't 'fall in love' with your positions.

7. Control your trading emotions: Sell when too excited, decisively take profits during surges; greed can cause you to miss the best exit opportunities.

8. Understand the sources of DeFi yields: If you can't explain where the yields come from, you might be someone else's 'source of profit.'

9. Narrative drives the market: Dogecoin's billion-dollar market cap relies on its story; making money is more tangible than 'being right.'

10. Don't chase highs to buy: If you miss the opportunity to enter at a low price, don't rush in after a surge to be the 'bag holder.'

11. Emotions are temporary: Don't trade frequently for the thrill of making money; calmness is worth more than impulsiveness.

12. Understand cycles and rotations: Sectors take turns rising in a bull market; proactively layout emerging narratives, and don't chase what has already risen.

13. The cost of making mistakes when young is low: Losing 1000 yuan at 20 to learn a lesson is cheaper than losing 100,000 at 40; don't fear failure but control the cost.

14. Avoid the retail trap: Influencer promotion → Price rises → Early investors sell → Retail investors buy → Price crashes and they get cut off; don't fall into this pit.

15. Patiently wait for time to bear fruit: 96% of Buffett's wealth was accumulated after 65; success in the crypto market also requires 'slow and steady.'

16. Pursue freedom rather than retirement: The real goal is to do whatever you want; money is a tool, not the ultimate meaning.

17. The cost of being full-time in crypto: Being online for 10-16 hours a day, all year round, and still not guaranteed to succeed; first ask yourself if you can bear it.

18. Don't lose yourself after success: Having money ≠ solving all problems; setting goals that are more important than 'making money,' like growth and spending time with family, is crucial.