A person's intelligence lies not in the skills of exploiting loopholes, but in being grounded, in kindness, diligence, seriousness, integrity, and a persistent pursuit of justice and truth. You can embark on the path of speculation, but you will never succeed simply because you are good at speculation. Speculation is like climbing Mount Everest; choosing it is irrational, but once chosen, any irrational thoughts or actions will lead to disaster. Any sense of luck only indicates that the lessons learned are not profound enough.
When you see an expert who is adept and at ease, there must be countless bloody scars hidden behind them, having survived many near-death experiences.
Exploration in the crypto circle has no end; there is no highest realm, only higher realms. We can only move forward step by step, provided the direction is correct; there are no shortcuts to success, and suffering is our good teacher.
One
Our lives should not be built solely on the foundation of making money in the crypto circle; we should become responsible and useful people for ourselves, those around us, society, and the country. Because in a true sense, you are merely a nominal owner of wealth; wealth belongs to society as a whole, and it is only temporarily in your hands. The amount of wealth one possesses has no relation to whether a person is happy.
The crypto circle is a place for the slaughter of funds, and a person's success is built on the failures of many others.
If we are fortunate enough to make money, I hope everyone can think about the sweat, tears, and even lives hidden behind that money, and while spending to enrich their own lives, also use that money to do something beneficial for society. In this regard, I believe accumulating virtue and doing good is beneficial to oneself; being the master of money is better than being a slave to it.
Two
The crypto market is like an incredibly charming yet vicious devil (I increasingly feel that the crypto circle resembles a kind of sentient life, haha, a bit superstitious!). It can not only swallow your money but also devour people's lives and souls. Sadly, in an absolute sense, one cannot conquer the crypto market, because judgment and imagination cannot overcome facts; your victory or defeat is not determined by you but by the crypto market.
I believe that true experts are those who can act with composure in both advance and retreat.
The reason for failure is that one is superstitious about their own strength and cannot resist the temptation of the crypto market. In other words, they can take hold of it but cannot let go; in the (Crypto Trader's Memoir), there are many instances where they hurried back to the crypto market, abandoning their originally planned vacations.
Haha, actually, it is easy to grasp something, but letting go is the hardest. To succeed in the crypto circle, you must focus all your attention on it and pay a considerable price, but you cannot give up everything because of it. The crypto market is not more important than life; you must find a balance between the two, or you may easily lose both your money and your life. (Doesn't it feel like walking a tightrope??? Perhaps professional experts have more experience in this area?)
Three
To achieve success in the crypto market, you must correctly understand the essence of the crypto market. The closer you are to the truth, the closer you are to success. The most important question: What is the crypto market? Some may not have thought deeply about it, but every crypto enthusiast consciously or unconsciously takes their own cash to answer this question. Of course, there is no ultimate correct answer to this question.
At this stage, my understanding is: the cryptocurrency market is a place for the redistribution of wealth, and the driving force behind the rise and fall of coin prices is human nature. The specific prices in the crypto circle are achieved through competition between bulls and bears. All my thoughts revolve around this statement. Occasionally making money in the crypto market is easy, but to maintain a long-term dominance in the stock market, one must continuously explore the following questions.
1. What is wealth? What does it mean to you? What is its actual impact on others?
2. Do you know yourself? Do you know others? Do you understand human nature?
3. What is competition? Do you understand it? What methods are you using to compete? What are the results? How do others compete?
Four
You must correctly recognize that winning in the crypto market is far more challenging than in other industries.
The reasons are: 1. Quick profits from trading coins. 2. The work is not hard. 3. The entry threshold is low. These factors lead to a much more intense and brutal competition in the crypto market than in other industries. Due to the flaws of human nature and a lack of understanding of competitive laws, the vast majority will become victims. We must face this harsh reality: making money in the crypto market is not easy!! Yet there are indeed some who have been relatively successful for a long time. So where does the path to success lie?
Five
For a long time, I was deeply trapped in theories and techniques, trying to find the answer to this question, but I never found it. However, after continuous learning and experiencing (of course, not in the crypto market, but in tasting life), I now see that the answer to this question has been right in front of me. As the saying goes, "One does not recognize the true face of Mount Lu, only because one is in this mountain." You can see that there are mid-term experts and long-term experts in the crypto market; some succeed using technical analysis, some succeed using value investing philosophy, and some even succeed using random walk theory.
We have invested a lot of time, money, and emotions in the crypto ocean, struggling and repeatedly facing defeat, suffering numerous wounds; what exactly makes them the lucky few?
My current viewpoint is: methods, theories, and even philosophies are not the key secrets. The reason experts stand out from the crowd is that they possess unique traits; these special individuals find methods, theories, or philosophies that suit them and are good at seizing opportunities. Methods, theories, and philosophies can be learned by others, but their traits cannot be learned. For example, can you remain as steadfast as granite against the temporary fluctuations of the crypto market, prepared to hold stocks for over ten years? Buffett's core competitive advantage is greater patience and determination than other fund managers. You can learn the philosophy of value investing, but can you match his patience and determination?
Six
Experts have different methods for success; only by inquiring into their mental journeys can we discover the key to their victories.
The crypto market is a competition of human nature; those who can survive long-term in the crypto market are undoubtedly strong. The true strength of experts lies in their spirit, and the common characteristic among all experts is their ability to establish their own unique core competitiveness at the level of character, thereby continuously gaining a competitive advantage in the market. In other words, experts each have their own knife of character. However, extracting their common qualities reveals that:
1. They all have an optimistic and proactive attitude towards difficulties. This belongs to the realm of life values and worldview.
2. They all have firm beliefs and do not blindly follow others.
3. They study diligently, are brave in practice, and enjoy facing challenges.
4. They are good at learning from their own and others' experiences, starting from themselves.
5. They are calm, patient, and resilient.
6. They have a broad perspective and far-sighted vision.
7. They are very aware of their own flaws and have effective methods of restraint.
8. They love the crypto market and are willing to dedicate themselves to their careers.
Do you see the reflection of these qualities in experts like Buffett, Soros, and Lynch? Do you see that these are the essence of true strength in experts?
Seven
The above are the common qualities possessed by experts, which are necessary conditions for the path to success and also essential materials for forging an expert's knife.
The path to success in the crypto circle varies from person to person; everyone is different, but there are common patterns to be found. If one realizes that competition in the crypto market is a comprehensive competition at the level of human nature, then one must establish their own unique core competitiveness at the level of character to continuously gain a competitive advantage in the market, meaning you must tailor a knife of character that belongs to you; this is also the only hope for you to survive long-term in the brutal battlefield of money.
All the methods, theories, and philosophies you are currently spending time and effort researching are merely techniques. No technique can take the lives of different enemies in different situations; those who are superstitious about techniques often die by the very techniques they believe they understand best. The power of techniques lies in the user's strength, the opponent's strength, and other environmental conditions. In fact, there are no invincible techniques. Even the most ordinary techniques, when used by experts, can become magical, while the most intricate techniques can be full of flaws when used by novices.
Long-term competition speaks based on strength; outstanding character is the true embodiment of strength in the crypto market. Whether one possesses genuine, lasting, and powerful inner strength is the key to success or failure. In the competition at the level of human nature, if you do not have advantages in mentality and character and are full of flaws, relying solely on superficial skills is pointless. If you spend all day indulged in studying various methods, theories, and philosophies, confused by the desire to find an invincible technique to sweep through the crypto market without practically enhancing your character, you are abandoning the essentials; how can you not fail?
Eight
If you want to become an expert in the crypto circle, you must focus on cultivating these outstanding qualities; lacking even one will lead to failure!
These qualities must be cultivated through great storms for most people, requiring a long time and various trials. Sometimes, you may even need to give up some of your most fundamental beliefs to achieve this, akin to a person's rebirth, a painful experience that others cannot imagine. The brilliance of human nature is born out of suffering; adversity is often the best teacher for cultivating an outstanding character. This is the real reason why, as crypto sayings go, without five to eight years of experience, one cannot cultivate a mature investor without experiencing ups and downs.
The true meaning of maturity lies in the maturity of their character, not because they read some heavenly book or suddenly discovered some tricks to deal with the crypto market. Competition never believes in tears; only those strong in character can survive long-term in the crypto market!
In other industries, there are competitions in skills, knowledge, and other aspects, but the crypto market is entirely a naked competition of human nature, which is the competition of a person's comprehensive internal qualities. One's wealth must be built on the weaknesses of others, so deception, trickery, and various means are employed without restraint. Have you seen so many scammers and robbers trying to scheme your money at any time and place? Where else do you see such deceit and lies as in the crypto circle? Why can't you achieve the simplest low buying and high selling? Relying on cleverness and luck can only help you win temporarily; how do you expect to keep winning?
Nine
After saying so much, it can actually be summarized in one sentence: success in the crypto market lies in whether one can break through the barriers of human nature, transcend oneself, and forge a good knife that balances strength and gentleness at the level of character.
This is a common trait among all experts. If you do not have your own knife, no matter how much time you spend researching advanced techniques, you will only end up waiting to die or surrendering. You exhaust your mind trying to become a lucky one different from 90% of losers, but in the end, it will be counterproductive, as this is not a problem that can be solved by relying on methods, theories, or ideas to win; the solution lies in character. Seeking shortcuts in exploring the crypto path is impossible.
Haha, now you can understand why Peter Lynch said teaching his methods to others is useless, right? Because that is his own technique; if you do not have a knife, yet wish to take the life of your enemy with these techniques, isn't that akin to suicide? The philosophy of value investing must be combined with Buffett-style faith and patience, along with the growth of the American economy, to achieve Buffett-style success. In any case, success comes from the perfect combination of timing, location, and human effort. The only thing you can do is cultivate human connections, maximize the utilization of location, and patiently wait for the right timing. You may walk the path of speculation, but you must abandon any speculative mindset!
Ten
An expert's knife is, in fact, an outstanding character.
For us novices, it requires a long and quite painful accumulation process to reach this level, unrelated to a person's intelligence or theoretical knowledge.
I believe that only when you reach the day of possessing the heart of an expert will you naturally also have the perspective of an expert. Although the candlestick patterns remain the same, and the waves are still those waves, from this moment on, they will truly become vivid and lively; although the techniques remain the same, only from this moment on will they have actual significance to you.
Before reaching the critical point of qualitative change, no matter how knowledgeable or intelligent you are, how can your blinded eyes, obscured by human weaknesses, see the gold scattered everywhere? "When wealth comes, it will come so urgently and swiftly that it is strange where this wealth hid during those tough years." Do you understand this now? One general's success is built on the bones of countless others; how many have survived the wars of old? Only the battlefield can create heroes; only suffering can build an outstanding character. The crypto sea is ruthless and tumultuous, and to embark on the path of speculation, there is no shortcut. I hope that those who are destined can grasp this factually simple truth and not seek fish in trees or lose sight of the essentials, lest the harder they try, the further they stray from success, ultimately falling victim to their own cleverness!
Those with a biased mindset, who only wish to take others' wealth through speculation and tricks, will inevitably lose their own money in the crypto circle sooner or later! As the saying goes, if one's senses are unclean, how can one succeed in the stock market? The essence of the crypto circle lies outside the stock market!
Eleven
Only with your own knife can you truly embark on the path of success that belongs to you, but forging this knife is something no master or predecessor can teach you. It is like learning to swim; you must personally enter the water to understand its nature. Mastering fluid dynamics and exercise physiology will not help you much!
The path to becoming an expert is a long and painful transformation journey, where loneliness is your only companion, and failure is your best teacher!
After enduring countless hardships, when your character is refined to be as clear as a mirror and as flexible as flowing water; when you truly live in tranquility without being elated by external gains or saddened by personal losses; when you realize that courage flows within you like "I will advance even if thousands oppose me," after countless tempering, your knife will be forged.
