How extreme is the patience of top cryptocurrency traders?

I know a real big player who spends 80% of his time waiting, and he actually trades for less than 20% of the time. Now he spends his days fishing and playing golf, making more money in a year than those who stare at the market every day.

He once told me a line that I remember to this day: "Sometimes, people are like this; desperately trying to grab something, they end up with nothing; when they truly let go, opportunities come on their own."

This guy was once a newbie too, chasing highs and selling lows more aggressively than anyone else. He later lost so much that he doubted life and dropped out of the game. It wasn't until years later, when his mindset stabilized, that he returned and ended up becoming a winner.

I summarized his core strategy, simple and straightforward:

In a bull market, play with altcoins; in a bear market, hold Bitcoin (BTC). This is an iron rule, don't get it mixed up.

Pay close attention to coins that suddenly spike at the bottom; they are likely to take off, don't wait until they fly away to regret it.

For coins in an upward trend, when they drop to key support levels (like the 20-day moving average), that’s the buying point; don’t hesitate, just do it.

Don’t trade every day; catching a few big market waves a year is enough; frequent trading will only send transaction fees to the exchanges.

Never go all in; no matter how good the opportunity is, always leave some room for maneuvering; the market is very unforgiving.

If you lose on a junk coin, cut your losses; don’t average down, the more you average down, the worse it gets.

Just glance at news; don’t take it seriously; when real good news comes out, it often coincides with a trap.

Don’t touch unfamiliar coins; focus on the areas you understand and earn money within your knowledge.

Don’t be swayed by market emotions; when the group is shouting "to the moon," it’s often time to run.

When altcoins rise too much, they will definitely fall, but just because something has fallen doesn’t mean it’s going to rise again; don’t randomly catch bottoms.

When everyone is bullish, danger is near; learn to think against the crowd.

Learn to stay in cash and wait for opportunities; you don’t need to trade every day; most of the time, you should just watch the show.

Don’t blindly chase trends; trends come quickly and leave even faster; if you rush in, you may just be the bag holder.

Establish your own trading rules and strictly enforce them; trading based on feelings is a dead end.

Investment is a long race; mindset determines victory or defeat; those who are impatient and seek quick gains will eventually become fuel.

Remember, investing is likely to result in losses; only use spare money to play; with a stable mindset, it becomes easier to win.