A Summary of 8 Years of Blood and Tears in the Crypto World: A 7-Year Summary for All Players Who Want to Survive
1. The Cycle is Greater than Everything
Dollar-cost averaging BTC/ETH in bear markets (Hoarding hard assets)
Gradually selling in bull markets (Don’t aim to sell at the highest point)
2021 Top-Taking Secret: Run away when the grocery store aunt talks about coins
2. Position is Life and Death
Always keep 30% cash (Emergency funds to buy the dip)
Altcoin position ≤ 5% (Going to zero is like scratching a lottery ticket)
Always use stop loss with leveraged contracts (I’ve blown up my position 5 times)
3. Information is Gold
Twitter influencers = Contrarian indicators (When they shout, they are selling)
The real wealth code is in English communities (Waiting for project updates at 3 AM)
On-chain data doesn’t lie (Whale transfers > Analyst reports)
4. Human Nature is a Grave
FOMO chasing price increases = Actively jumping off a cliff (The 2023 ORDI tragedy)
Holding onto losses = Chronic suicide (Cut losses in time to protect principal)
Withdraw 30% of profits (Exchanges are not banks)
Ultimate Realization:
Living longer is 100 times more important than earning quickly
In 8 years, I’ve seen the richest become beggars, and newbies become big shots
The only survivors are:
Cold wallet hoarders + Those brave enough to add positions during a crash
