I am a part of the security team, and I have been struggling in the cryptocurrency circle for 8 years. From initially entering the market with 200,000 yuan in capital to today being able to support my family through trading, this journey has been full of lessons and has accumulated many practical experiences worth sharing.
I have experienced the surprise of becoming rich overnight and have also faced the abyss of nearly liquidating my assets. Looking back now, what truly kept me alive are these insights and disciplines.
One, the length of the position depends on the market rather than time.
Many people think 'holding longer means earning more,' which is a common misconception. In fact, the cryptocurrency market is highly volatile, with huge differences in performance among different coins; some peak within weeks, while others remain stagnant for a year.
The key is not how long you hold, but whether the market has reached a staged high. To judge this high point, you can comprehensively refer to market sentiment, trading volume explosion, on-chain activity, and whether the news is flooded with positive reports.
When you notice that everyone around you is saying 'the bull market is here,' and various small coins are surging, that might be a signal that the market is at its peak.
Two, in a rising market, don’t be greedy; know when to take cash.
When the market is rising, everyone thinks it can go even higher, but the market will never move according to your expectations.
I once held a coin during a short-term surge; the gains were astonishing, and I was already well off, but I thought, 'maybe it can double,' and I hesitated to sell.
And what happened? A few days later, the market plummeted, and I lost more than half of my profits, regretting not selling earlier. Later, I summarized an iron rule: as long as you reach your set profit target, even if the market is good, take back a portion first; don't bet everything on the peak.
Three, getting out when you profit is the strongest strategy for retail investors.
Knowing when to take profit is easy to say but difficult to do. Especially when you see your account in profit, the temptation of 'not wanting to earn less' is particularly strong.
However, I later learned to set a **'profit-taking mechanism'**: set profit targets in advance and sell decisively when you reach them, even if you sell early, don't regret it. At the same time, avoid frequent entry and exit; excessive trading often eats away previous profits.
Keeping what you earn is much more realistic than constantly chasing 'maximized profits.'
Four, when 'blockchain' becomes a topic of conversation among the public, beware of major adjustments.
At the end of every bull market, there is a clear characteristic - everyone is talking about it.
As soon as you notice that even the delivery guy, the barber shop downstairs, and friends and relatives are discussing blockchain and digital currencies, it is very likely a top signal. The market has shifted from being institution-led to retail frenzy, and at this point, the main funds have often quietly retreated.
Remember this: when your mom tells you, 'I want to buy some Bitcoin,' it's time to consider selling.
Five, the main players rely on you to chase the ups to reap profits; don't be the last one to take over.
When the cryptocurrency market is booming, many people can't control their urge to chase the rise, fearing they will 'miss out.' This is a good time for the main players to sell high.
They first use large amounts of capital to pull the price up, attracting market attention, then use social media to create FOMO sentiment, drawing retail investors in. When you chase, they dump, and it's you who gets trapped.
As someone who has been through it, I want to say: a surge is not an opportunity, it's bait. Calm observation and preemptive positioning are always safer than impulsive actions.
One last thing: don't just look at who made how much; learn how to survive until the end.
I have verified these experiences over 8 years, relying on them for stable profits and maintaining my living. You may just be starting now or have already tasted bitterness; perhaps you can find some inspiration from these experiences.
If you think these insights are helpful, feel free to comment or send a private message to discuss. I wish you stability, profitability, and retention in the cryptocurrency world.
