Time flies. During the period from 2023 to 2024, my asset scale skyrocketed like a rocket, successfully breaking through eight digits. Now, my quality of life has greatly improved. I only stay in high-end hotels around 2000 yuan when traveling, and the luggage and hats I use might even carry unique symbols from the crypto world, showcasing my unique identity and experiences in this field. Compared to the older generation who worked hard in traditional industries, and the post-80s who struggled in the e-commerce wave, I seem to be walking the path of wealth accumulation more easily and comfortably, experiencing fewer tedious and exhausting business disputes. In my view, a good mindset occupies an extremely important position among the key factors for successful coin trading; in contrast, technical aspects are secondary.
After ten years of trading coins, experiencing the extreme ups and downs of assets and a great awakening, I organize this as a memorial.
About profit targets
1/For a normal 5-hour drive, you attempt to complete it in just 1 hour. In this scenario, no technique or measure can guarantee your safety.
2/Same goes for when you approach trading coins with the aim of getting rich overnight. No technique, strategy, or measure can guarantee your safety.
3/Blockchain is the greatest wealth creation movement in human history. As long as you remain on the ride, you will eventually reach your destination. This ride may go up and down like a roller coaster; what you need to do is hold on tight and ensure you stay on the ride. Do not seek excessive risks for excitement or try to show off.
4/People always overestimate short-term returns and lack the imagination for long-term gains.
5/The world's top investment experts have a maximum annualized return of 40% over a 10-year period. If you plan to spend 400,000 a year and aim to earn 10 million in ten years to achieve financial freedom.
Even if you only have a mere 1000 yuan for regular investments each month, you only need an annualized return of 64% to reach your goal; Bitcoin has increased 63 times over the past six and a half years; is this return acceptable to you? Six and a half years at 63 times, what does that mean? An annualized return of 89.3%. Even if the annualized return is only 100%, it will be 32 times in five years and an astonishing 1024 times in ten years. Many coin traders scoff at an annualized return of 200% (which means tripling in a year). This shows a lack of understanding of what an annualized return of 200% means: 243 times in five years and 59049 times in ten years. If this isn't greed, what is? The higher the return, the more unsustainable it is. Earning ten times in one year is easy, but earning ten times in five years is hard, and earning ten times in ten years is exceedingly rare. Instead of comparing who is faster, it's better to compare who lasts longer. This is a world where the last one standing wins.
About selecting coins (which coins to buy)
9/Because the infrastructure of blockchain has not yet been built, 99% of projects are essentially worthless.
10/If a person's project screening ability is particularly strong, with an 80% accuracy rate for identifying value coins versus worthless coins. Then what is the probability that the value coins identified are truly value coins? Identifying as value coins has two possibilities, as follows.
Situation 1: Encountering value coins (1%), correctly identifying them as value coins (80%), gives a probability of 0.8%.
Situation 2: Encountering worthless coins (99%), incorrectly identifying them as value coins (20%), gives a probability of 19.8%.
What does this mean?
This means that if he encounters 100 coins, there will be 20.6 (0.8 + 19.8) projects recognized as value coins, while only 0.8 coins are truly value coins, with a probability of only 3.8%. In a scenario where 99% are worthless, even if your identification accuracy reaches 80%, the probability that what you think is a value coin is actually a value coin is only 3.8%.
11/Even if the interviewer's abilities are strong.
To recruit good fresh graduates, you also need to choose prestigious universities. The quality of the school is much more important than the interviewer's ability to recruit good fresh graduates.
12/Whether or not you can buy value coins depends much more on selecting a battlefield with a high win rate than on personal discernment skills.
13/Where is the battlefield of high win rates? It lies in the consensus of real money. The strength of this consensus can be measured by two indicators: market cap and trading volume.
14/People often say, 'If you don't understand, don't invest.' However, conversely, the tokens you [think you understand] will still lead to disastrous losses if you choose the wrong battlefield (such as trading low-cap coins or contracts). But if you choose the right battlefield, regardless of how much you understand, the outcome will be favorable (like buying a house ten years ago versus buying Bitcoin now).
15/I currently only trade tokens that rank in the top ten by market cap and trading volume. This is my primary battlefield.
About timing (when to buy, when to sell)
16/Rare seeds are always buried during times of plenty.
17/Only when the bear market arrives do you consider how to cope. Any solution you can offer at that time is inefficient.
18/In a bull market, not cashing out means you won't qualify to buy the dip in a bear market.
19/What allows you to survive in a high-seismic zone is not prediction (earthquake warnings), but strategies (building quality and escape training).
20/What allows you to trade coins for years and still survive in the market is not relying on market analysis and prediction, but forming your own investment system. You have corresponding strategies for all possibilities and all black swans.
Thus, using stability to respond to all changes.
21/Relying on predictions creates a very fragile investment system. Those who like to see market analysis results are likely to lose money, leading to neurosis.
About position management
22/Earning more is not as good as losing less.
23/Position management and risk control are two sides of the same coin. Increasing and decreasing positions are actions to regulate the volatility of profits and losses.
24/Increasing positions amplifies volatility, leading to greater profits but also bigger losses. Reducing positions decreases volatility, leading to smaller profits but also smaller losses. The vast majority only know how to increase positions and do not know how to decrease them. When uncertain, reducing positions, even if wrong, is still correct.
25/I would rather miss out than get stuck. As long as the green mountains remain, there is no worry about firewood.
26/Investing is a game for losers. It is about who makes fewer mistakes, not who can produce higher outputs.
27/Every investor's opponent is actually Mr. Market. Your funds are limited, while Mr. Market's funds are unlimited.
28/Using limited capital to fight against unlimited funds.
The final outcome only has one: losing everything. This is mathematically known as the 'Gambler's Ruin Theorem.' The theorem means that this is a mathematical inevitability, beyond human resistance.
29/Losing everything is inevitable; making money is only temporary.
30/Your floating profits are only temporarily in your hands; Mr. Market will eventually take them back.
31/Money is only yours when you spend it. When there are floating profits on the books, treat yourself well and treat your family well.
32/The balanced allocation of major asset classes is an unbreakable truth.
About the market
33/I would rather borrow from a bank than use leverage trading on an exchange. The biggest problem with leveraged trading is that as the leverage increases, the margin for error approaches zero. Moreover, it requires continuous and long-term accuracy, with only one mistake leading to bankruptcy, regardless of how many times you are correct.
34/When the futures exchange is the opponent of futures investors, you will never win this gambling game.
35/Coin denomination is something forcefully drilled into people's minds. An asset that fluctuates wildly cannot serve as a measure of value. Therefore, it should not be used to measure your gains and losses.
36/If you are truly coin-denominated, and the coin price rises to the sky while your coin count remains unchanged, why are you happy?
The price of the coin has gone to zero, but the amount remains unchanged. Why are you sad?
37/To this day, I have not met a true coin-denominated investor.
All are the sordid men who want to sit on two boats: unwilling to miss out and unwilling to be stuck.
In conclusion, unwilling or unable to take any risks.
38/Money and coins are a single-choice question that every investor will eventually face, not a multiple-choice question.
39/Both greedy for money and coins, a complex and sordid temperament.
2025 will be a bull market, and we have complete confidence.
However, it is not possible to make money just because it's a bull market; a bull market can be the graveyard for those who are inexperienced, as the buildup in a bull market prepares for a bear market. Moreover, inexperienced traders can be cut down even in a bull market, let alone in a bear market.
If you want to succeed in investment in the crypto circle, do these five things well, and you will surely find the path to success; this is the law of success.
First thing: Research on making money.
Money can solve 90% of life's problems; the remaining 10% can be alleviated with more money.
Therefore, we need to clarify our purpose for coming to the crypto world: is it to make money or to seek the thrill of speculation and gambling?
If the goal is to make money, change your fate, and transcend social classes, you need to know how to stabilize your profits, rather than relying on feelings or luck.
Second thing: Study human nature.
As long as you can see through human nature, you can stand undefeated on top of the trading system.
The crypto market is like a battlefield, a contest between people, with a struggle behind it between bulls and bears.
If you cannot see through human nature, you cannot fathom the intentions of the major players, because they always move against the tide. Only by siding with them can you stand undefeated.
Third thing: Cultivate patience.
Investing and life are like a long-distance race; being eager for quick success often leads to mistakes.
Before the right opportunity appears, patiently wait and not be swayed by short-term fluctuations to seize real valuable opportunities.
In real life, we can see that those who are indecisive and frequently change jobs, always looking over the fence, ultimately achieve nothing.
The crypto market is the same. If you cannot identify bull and bear trends and cannot see through the essence while having no in-depth understanding of the assets you are laying out, always looking at one that has risen and thinking it's good to buy, then looking at another that has risen and thinking it's good to switch, sometimes seeing bulls and sometimes seeing bears, you will ultimately gain nothing and be left with wounds.
Fourth thing: Continuous learning.
The world is constantly changing, and knowledge and information are evolving rapidly.
Whether it's new dynamics in the investment field or various knowledge that helps improve cognition, maintain enthusiasm and habits for learning, and keep progressing.
We see successful individuals like Lei Jun and Jack Ma continuously attending various meetings, learning new policies, and understanding future trends. This is the reason for their fame.
Many people say: If I were as rich as he is, I would work hard every day too.
But we must be clear that others also lack family backgrounds and have worked hard step by step. Others achieved results only after working hard; this is the law.
If you are truly as rich as he is, there is no 'if.' You haven't worked hard for wealth; even if you win the lottery, you will lose everything because you lack the capacity to manage it. Money given to you without knowing how to use it will lead to loss.
In our lives, the legal profession is very enviable because lawyers earn high incomes. You will see capable lawyers earning millions to tens of millions a year, but they didn't become powerful just by being lawyers. Others study across the country every day, and they also read daily. Like now in the blockchain industry, others know blockchain better than many in this field to seize the market.
Thus, if you want to reap certain rewards, you must make corresponding efforts. Daydreaming will always remain as dreaming; it is impossible for dreams to come true.
Fifth thing: Value health.
Health is the foundation of everything; without a good body, even if you have money, you won't have enough time to enjoy it.
A reasonable diet, healthy exercise, maintaining a good routine, and gaining longevity in life will allow you to earn more in the financial market, enjoy life better, and provide a better life for your children and descendants.
In today's society, one cannot afford to be sick; originally, there is no money. If you still do not take care of your health, one serious illness will revert you back to square one. To put it bluntly, being sick means not having money for treatment.
Some people say: Once I make money, I will take care of my body; right now I have no money, so there is no need to take care of my health.
This is a very mistaken idea; precisely because you have no money, you must take good care of your health. Being sick is a very luxurious affair.
Health does not have a direct relationship with making money; it's a matter of attitude. If you treat your body well, your body will treat you well. If you have a good mindset to cherish your body, wealth will come close to you.
There is a cause and effect to making money; your step-by-step efforts will yield results.
There is also causality in health; you can only maintain a healthy life in all aspects, and your body won't have problems. Those major problems are accumulated over time.
Therefore, you should follow the laws of everything, walk the path, and you will succeed in whatever you do.
Your attitude towards your body shows whether you can succeed in other things because those who follow the laws of nature will succeed in whatever they do.
The above few things are the essence of how to succeed; this is the core. When you follow these essential rules, you will surely succeed.
Do not spend your days looking at various communities and articles, following others' coin selections, buy and sell points. This will ultimately lead to nothing. Focus your time and energy on yourself. Investing is your own business, a lifelong affair. Be responsible for yourself and pay attention to your wealth.
Only then can you reap wealth.
Having been in the crypto market for over ten years, I believe I have outperformed 90% of the contract traders in the market. I have experience with funding platforms, contracts, and arbitrage, and I have also been ruthlessly harvested by market makers. I have experienced all the pitfalls that the market has to offer. Not understanding candlestick charts and randomly gambling is a major taboo in the crypto world! Excluding technical issues regarding chart patterns, indicators, and long-short battles, basic information such as a coin’s price trend, trading volume, minimum and maximum prices can all be reflected in candlestick charts.
To help you develop better investment strategies and guide you in choosing the best times to enter and exit. Believers in holding coins also need to understand this; the trading interfaces of major exchanges are dominated by candlestick charts, and not understanding them is actually embarrassing in the crypto world.
[Crypto K-line buying signals]
Rule one: Don't sell at highs, don't buy during crashes, and don't trade during sideways movements.
Rule two: Buy on dips, don't buy on rises; sell on rises, don't sell on dips. Moving against the market is what makes a hero.
Rule three: Consolidate highs and lows, and wait a bit longer.
Rule four: After high consolidation, rush to sell; after low consolidation and new lows, it's a good time to buy in fully.
Rule five: Acknowledge mistakes before taking action; it's better to buy less than to buy too much. Invest cautiously 3027156298!
Rule one: Don't sell at highs, don't buy during crashes, and don't trade during sideways movements.
Rule two: Buy on dips, don't buy on rises; sell on rises, don't sell on dips. Moving against the market is what makes a hero.
Rule three: Consolidate highs and lows, and wait a bit longer.
Rule four: After high consolidation, rush to sell; after low consolidation and new lows, it's a good time to buy in fully.
Rule five: Acknowledge mistakes before taking action; it's better to buy less than to buy too much. Invest cautiously!
Tripling your investment in a week! Six relatively stable strategies for making money in the crypto world.
Holding coins long-term: This method is applicable in both bull and bear markets. It's very simple to operate; just buy one or several cryptocurrencies and hold them for more than six months to a year. The minimum return can be tenfold, but many newcomers see high returns or significant drops in coin prices and cannot resist making moves, often failing to last even a month, making execution quite difficult.
Buying the dip during a bull market: This method is only suitable for a bull market. Use no more than one-fifth of your spare money to choose coins with a market cap between 20 and 100. If the coin you bought rises by more than 50%, switch it for a plummeting coin and continue this operation.
If you get stuck, there is still a chance to get out in a bull market, but if the coins you picked are too poor, beginners should be cautious.
Sandglass-style rotational investment: This method is suitable for a bull market. During a bull market, funds seep into various coins like sand in an hourglass, starting from large coins. The pattern is that leading coins rise first, followed by mainstream coins, then a broad rise, and finally small coins take turns rising. After Bitcoin rises, pick the next level coin that hasn't risen yet to build your position.
Pyramid-style gradual buying: This method is used when predicting a significant drop. Buy in stages when the coin price drops to 80%, 70%, 60%, and 50% using one-tenth, one-fifth, one-third, and two-fifths of your capital.
Moving average trading method: This method requires some basic knowledge of candlestick charts. Set MA5, MA10, MA20, MA30, and MA60 as indicators, using daily chart levels. If the current price is above MA5 and MA10, hold it; if MA5 drops below MA10, sell; if MA5 rises above MA10, buy.
Understanding trading coins, the process is the same, going from seven losses to two breaks even to one profit, it's all about focusing and not being distracted by various profit models; firmly establishing one trading system will eventually turn it into your ATM over time.$NXPC $ICX #币安HODLer空投HOME #美国加征关税
