Let me share my understanding of trading cryptocurrencies.

First of all, the premise of investing real money is that I firmly believe Bitcoin has cyclical changes with halving, leading to bull and bear markets. Additionally, Bitcoin has consistently broken previous highs with each cycle. Furthermore, when Bitcoin breaks previous highs and continues to grow and double, it will drive various altcoins to collectively surge and double in value.

If you think it’s not like this, then don’t come in; it’s that simple. This is my understanding of the crypto world, and that’s why I have come in without hesitation, investing over 500 in this round of the bull market, which is within my capacity to bear; I can endure a total loss.

However, good things often come with difficulties; investing is always accompanied by risks. Where can you find an investment that guarantees profit with low risk and high returns? If there are such investments, they wouldn’t be available to us ordinary folks.

Cycles have peaks and troughs, so it is destined that investment returns will also have peaks and troughs. This means that each investor will experience both losses and profits within a cycle. What should be done now is to stabilize emotions, overcome human nature, and wait for the peak to arrive. If the market drops by 20% or even 40%, you can’t bear it and want to liquidate; if it rises by 30%, you sell everything; as soon as you see a doubling, you come back in, and the result is that after the cycle, you end up with nothing. If you don’t lose, who will?

To make money, you must be able to endure the pain of loss, the pain of missing out, and the pain of selling too early. The three great pains in the crypto world are something everyone will experience. I feel one should not always stare at the market; it’s as if you want to check it every ten minutes. This severely affects your mood, life, and work. You need to divert your attention. Recently, I’ve been rock climbing to exercise, and with my busy work schedule focused on making money, I haven’t updated much. Additionally, the market has been fluctuating for at least three months; there’s really not much to say.

Also, it’s important to know that in the crypto world, bear markets tend to last longer than bull markets, so a drop could last for several months, while a rise could return in just a week. Hence, for most of the time, it seems like losses are normal.

When will the market come back? I’m afraid I don’t have the ability to predict that. When Zhao Changpeng came out and spoke at the Dubai event, he seemed to be in good spirits. Quoting his words, the crypto world operates on a four-year cycle: the halving in 2016 led to a rise, then a major bull in 2017; the halving in 2020 led to another rise, with a major bull in 2021; and the halving in 2024 is expected to lead to another rise, so the bull market should end in the second half of 2025.

Those who believe in this cycle should stay; those who do not should leave early.