In the crypto world, earning a million doesn’t require you to be very smart, but you must be clearer than 90% of people. I spent three years going from losing 500,000 to earning back 6 million, and I share this hard-earned experience with you, hoping to help you avoid detours.
First and foremost is the safety of funds. Distribute your positions like a pyramid, with most in cornerstone assets like Bitcoin and Ethereum, so you can sleep soundly even if the bear market drops by 30%; choose leading projects in niche sectors like Depin, RWA, and AI, such as RNDR and AKT; use the remaining for high-risk meme coins, limiting to no more than 5% of your principal each day, and be mentally prepared for total loss. When facing a surge in new coins on exchanges, wait three days before acting; if you see financial products with annualized rates in the thousands, close the page immediately; withdraw in three separate transactions to prevent sudden freezes. Beginners should develop the habit of using CoinGecko to check market caps, Dexscreener for on-chain data, and TokenUnlocks to avoid large-scale unlocks.
If you want to earn a bit more in the market, you can learn to lay an ambush. Pay attention to the 'Upcoming' section on CoinMarketCap, especially projects related to Binance and OKX, and buy in on decentralized exchanges a week in advance. Sometimes you need to do the opposite—when a coin is trending on Twitter, wait two hours before acting; set stop losses when the exchange app lags; if someone in the WeChat group shares 'insider news', it's mostly a trap for speculation. Don't miss out on airdrops either; spend ten minutes daily interacting with potential projects like LayerZero, zkSync, Starknet, as they have low costs and considerable returns.
Selling is another art form. After the mainstream coins double in monthly gains, you can reduce your holdings in three batches; clear out altcoins on the day the exchange announces the launch of the contract; when meme coins trend on Weibo, decisively sell everything; when the trading volume of a meme coin suddenly surges tenfold, withdraw the principal and keep the profits to continue gambling. Remember when $PEOPLE surged, the trading volume skyrocketed fifteen times, and I cleared out at $0.08, avoiding a 70% drop.
In terms of mindset, you need to see through certain signals. When exchanges are giving away iPhones, it often means they are about to harvest; when big players show off drinking tea, they may already be making off; if even the market vendors are asking you what coins to buy, that’s a signal to retreat. Don't be greedy and fantasize about selling at the highest point when prices rise, and don’t comfort yourself with 'value investing' when prices fall; don’t tell yourself stories to hypnotize yourself during sideways movements. Follow two strict rules every day: take out 10% of profits, and immediately stop loss if losses exceed 10%.
In the crypto world, there are no eternal opportunities, only perpetual risks and unchanging human nature. When a coin surges fivefold in an hour and the group is full of 'let's go', first calmly check the wallets of the manipulators to see if the whales are entering or exiting. Learn to understand these signals so you can survive longer in this unpredictable market.
