Hello everyone, I am Jiu Shen, an ordinary person from Hunan. Seven years ago, I started my cryptocurrency journey with 200,000 yuan saved from my wedding. There was no algorithmic trading, no guidance from big influencers, and I hadn't even joined a reliable chat group. I only had a laptop, a Binance account, and a set of 'homegrown methods' I figured out myself.
In these 7 years, I haven't had any highlights or overnight wealth myths. But today, my account assets have exceeded ten million. Although I'm not trying to show off, I want to tell everyone that ordinary people can also find a way in the crypto space. Today, I will share the six insights I have summarized to help you avoid detours and even get ahead.
01 | Rises sharply, drops slowly — the operations of big players behind the scenes
I once saw a meme coin pull up five big green candles, then start to slowly pull back. Everyone in the group was 'desperately' taking profits, but I didn’t move. Because I knew: true main players won't rush to leave; they will make you make wrong decisions and ultimately earn double. So, remember: sharp rises and slow drops usually indicate that big funds are controlling the market.
02 | Drops sharply, rises slowly — that's not a bottom
The bear market in 2018 made me deeply realize this. Many people rushed to buy the dip after seeing the coin price halve, but the rebound was always weak, and they ended up stuck for a long time. After a crash, don't rush to buy the dip, especially in cases where the price just pokes up after dropping — it may just be residual heat.
03 | High volume at high positions is not to be feared — no volume is truly dangerous
Once, the coin I held tripled, and at the peak, the trading volume hit a new high. My friend urged me to sell quickly, but I didn’t move. In the end, it rose another two times. Why? Because high volume at a high position indicates that the market still has vitality; low volume is the real dangerous signal of no one daring to chase.
04 | Volume at the bottom does not equal a start — the key is continuity
Seeing volume at the bottom, many people rush to enter the market, but one or two days of volume is just bait; the real take-off usually occurs after long-term fluctuations. So, be patient, watch the charts and the volume, and don't rush.
05 | Watching the market is not about watching prices — it's about watching emotions
You think you're looking at candlesticks, but in reality, you're looking at market emotions. Trading volume, market depth, and community discussions are the core reflections of emotions. When the market is bad, it’s bustling with noise; when the market is hot, it’s eerily quiet — that’s when the main players are quietly building positions.
06 | A true expert — is someone who can hold cash
Sometimes, I go a year without trading, even watching a coin multiply ten times without acting. This is not being passive; it's because I know: there are only two or three real opportunities to make money in a year. Being able to hold cash, not chase, and withstand drops is the mark of a true expert.
These seemingly simple principles have helped me a lot in my 7-year cryptocurrency journey. Perhaps these 'homegrown methods' can't help you become rich overnight, but they can help you survive in the crypto world, and surviving is the beginning of winning.