From 100,000 to 10 million, I only used a set of 'the dumbest but most resilient' methods
I am 38 years old this year, from Chengdu, with one house for self-occupation and another rented out for income.
In 2018, I entered the cryptocurrency market with 100,000 savings, and it has multiplied dozens of times since then.
No inside information, no shortcuts, and no overnight wealth,
What I rely on is a set of 'dumb logic' that I have continuously reviewed and summarized over the past 8 years.
Today, I am sharing this experience, hoping you can avoid a few pitfalls.
These 6 principles: if you understand just one, you can avoid losing over a hundred thousand;
If you can truly apply three, you are already better than most people.
First principle: Rapid rise, steady fall, don’t rush to leave
Many people rush to run when they see a surge, but sometimes the main force is just shaking off the weak:
First surge, then consolidate, making you doubt life, forcing you out.
The most dangerous is a sudden drop after a big surge, that's when they offload.
Second principle: A sharp drop followed by weak rebounds, don’t rush to bottom fish
Don’t think that 'it has already dropped a lot' means it won’t drop further—it really can.
The bottom in the cryptocurrency market is not something you guess; it is revealed through drops.
A rapid decline + small upward oscillation is not an opportunity, it’s a trap.
Third principle: High volume at the top doesn’t necessarily mean a crash, low volume is deadly
If there's still trading volume after a rise, at least someone is still playing;
What’s most concerning is when the volume drops after a surge, it becomes stagnant—then it’s precarious.
No heat means it's a true cold signal.
Fourth principle: Don’t rush to jump in when there's volume at the bottom; focus on continuity
Don’t get excited about a single high-volume bullish candle; it might be a fishing line.
True upward trends often follow several days of volume after a period of low volume consolidation.
Slow is fast; confirmation is safety.
Fifth principle: Volume speaks the truth, K-line is just a mask
How the cryptocurrency price moves is determined by the volume.
The K-line is the result, while the volume reflects intention.
Only looking at K-lines without considering volume is like driving blindfolded.
Sixth principle: The hardest part is being in cash, not adding to positions
If you can’t learn to wait, you will eventually explode.
Being able to endure not moving is real skill.
Doing less is winning; being in cash is martial arts.
Market opportunities exist every day; the rhythm depends on your mindset.
Opportunities in the cryptocurrency market have always been plentiful,
What you lack is a kind of 'slow' wisdom.
I have walked through those pits and lit that lamp; now it’s your turn.
