Seven Stages of Making Money in the Cryptocurrency World

Stage One: The Protection Period for Newbies. If you buy during a bull market, you will make money. You witness the allure of the crypto world, watching your assets soar daily, feeling happy. Eventually, you think you haven't bought enough, so you borrow money to invest more, buying at the peak and holding on without thinking of selling. When the bear market comes, your profits evaporate, and you end up losing everything. At this moment, you finally understand 'value investing.'

Stage Two: After experiencing losses, you start to study trading techniques. You can catch market trends, buy and make a profit, but eventually, you miss the big opportunities, making only small gains.

Stage Three: You delve deeper into research, struggling to learn the techniques. You start to study bottom-fishing and peak-selling strategies, but as you try to buy lower and lower, you run out of capital. You still manage to stop the losses, grasping the method of technical bottom-fishing.

Stage Four: You study techniques extensively and have a better understanding of them. You know how to choose assets but lack capital management skills. You may encounter a black swan event and lose everything.

Stage Five: Your mindset becomes conservative. You are afraid of cryptocurrencies, hesitant to make trades, suspicious of all news. You start to research labels independently, buying cautiously. You learn to observe market sentiment, beginning to understand market speculation, logic, and capital prospects, as well as risk management.

Stage Six: You suppress arrogance and embrace humility, respecting the market. You no longer act out of greed or panic, believing that the market is always right. You consider it a success to take away a portion of the profits. You no longer have ambitions to earn A9 or A8; making any profit is good enough, and you don't mind A6 or A7.

Stage Seven: You can seize opportunities amidst market fear, identify crises within FOMO sentiment, and recognize hot market trends. You understand whether prices are high or low. You no longer seek to make huge profits; instead, you aim to earn small amounts each time, accumulating 3-5 times from each major trend, with each time aiming for a 50% gain. You realize the importance of life and know when to exit the market. At this moment, you have achieved success in the cryptocurrency world.