[Eight Truths for Survival in Crypto] Experiences bought with blood and tears by veterans; understanding this can save you 1 million!

Rule 1: Averaging down is only to break even; if you want to make money, don't be greedy.

"If you're trapped, honestly average down; don't always think about recovering immediately—what you're averaging down is your life, not your dreams!"

Case study: Last year, someone doubled down when Luna dropped 90%, and ended up at zero; now they are waiting on the rooftop.

Rule 2: Hidden dangers lurk in calm markets; be cautious of sudden crashes.

"The most dangerous time in crypto is when you feel 'safe'!"

Data: After BTC consolidated for two weeks in 2023, it suddenly dropped 20% in one day, with 1 billion dollars liquidated.

Rule 3: A surge is always followed by a correction; a triangle candlestick is a signal.

"Three days of consecutive gains? Quickly check the candlestick chart—if a triangle formation appears, those who run slow will be buried at the peak!"

Illustration: After SOL rises 80% in 2024, draw a triangle; it will halve in the following month.

Rule 4: Buy on the way down, not on the way up; sell on the way up, not on the way down.

"When others panic, you buy the dip; when others celebrate, you sell—only by going against the trend can you profit!"

Counterexample: Those who chased after Dogecoin when it surged 10 times in 2021 still have an account down by 80%.

Rule 5: Don't get itchy hands during sideways movement; only act during volatile spikes.

"Don't buy unless it breaks out, don’t average down unless it crashes; random trading during sideways movements = paying fees to the exchange!"

Rule 6: Look for support in uptrends, and resistance in downtrends.

"In a bull market, look for the 'floor' (support level); in a bear market, look for the 'ceiling' (resistance level)—stop loss if it breaks!"

Tool: Use TradingView to draw lines, and a novice can quickly become a technical trader.

Rule 7: Never go all in; keep some money for emergencies.

"Those who go all in have only two outcomes: become rich or die—are you sure you belong to the first category?"

Blood lesson: When FTX collapsed in 2022, those who were all in went directly to zero.

Rule 8: Mindset determines profit and loss; greed = suicide.

"The crypto world treats all kinds of disobedience— the more urgently you want to get rich, the faster you lose!"

The truth: Surveys show that frequent traders have a return rate 47% lower than those who hold passively.

Opportunities and risks coexist in the crypto world; staying vigilant and finding the right timing is key. I also discovered a short-term spike project with huge doubling potential! If you want to keep up, hit the follow button, I share for free! $$BTC