I am 32 years old this year and entered the cryptocurrency circle at the age of 22, having walked through ten full years.
Many people ask me: How did you earn an 8-digit asset? I often laugh and say it was by winning the lottery. Who would have thought that behind this is my year-after-year accumulation and struggle in the cryptocurrency circle.
In the year I started, I only had 50,000 in capital, and soon lost it down to just 2,000. To turn things around, I maxed out my credit cards and online loan platforms, forcing myself to fight back and climb out from the bottom.
Over the years, with the alternation of bull and bear markets and the market like a knife, I didn't leave the market and walked all the way to today.
As an old trader born in the 90s, I have summarized five 'iron rules' that I earned with blood and tears over 10 years of practical experience—
1. Rising fast, falling slowly: The main player is accumulating.
A rapid rise and a gentle decline indicate that there is major capital quietly laying out at the bottom.
They need time to clean up their chips to prepare for the next round of the market.
2. Falling fast, rising slowly: The main player is unloading.
A slow rebound after a sharp drop is mostly the main player looking for someone to take over.
When the rise is weak and the trading volume does not keep up, do not fall in love with the battle.
3. Don’t sell when there is volume at the top; if there is no volume at the top, hurry to run.
A large volume during the rise indicates that market sentiment is high and there is potential for continued upward movement;
Conversely, if the price goes up but the volume does not follow, it indicates insufficient momentum, and one should decisively take profits and exit.
4. Don’t rush to buy when there is volume at the bottom; continuous volume is the opportunity.
When there is a volume increase at the bottom, it doesn’t necessarily mean a reversal; it may be a continuation of the downtrend;
But if there is steady volume increase for several days, it indicates that capital is quietly entering the market, and you can consider gradually buying on dips.
5. Trading cryptocurrencies is about trading emotions; consensus is the true trading volume.
Price fluctuations are never a battle of logic, but a battle of emotions.
Market consensus determines everything, and trading volume is the direct manifestation of consensus.
Looking back over the past 10 years, I have experienced countless liquidations and turnarounds; there have been too many painful, struggling nights where I could stare at a line for an hour.
Change has never been a cool thing; it is filled with pain.
Every time I lift my leg, every step I take, feels like tearing apart the old self. You must first shatter your original understanding before you can reconstruct a new system.
And this process has no shortcuts.
Charging forward and retreating in despair, a never-ending cycle. Most people collapse halfway and simply cannot persist.
Respect the market and continue learning; this is the only rule to survive through bull and bear markets.
Never think that you 'are good enough'.
Always maintain a sense of crisis, continuously review, iterate your understanding, and optimize your system. Because the cryptocurrency circle is never short of geniuses, but only a very few survive to the end.
Now, I have finally turned my debt around and doubled my account.
It's not that I'm lucky, but that I persisted where others gave up.
If you want to eat meat, you must first learn to avoid being cut.
Stay close to nostalgia and position yourself in advance.
Turning things around relies not on shouting slogans, but on real skills.
