Ten Years in the Cryptocurrency World: The Core Logic of Survival
Ten years ago, out of curiosity, I bought Bitcoin. After experiencing three cycles of bull and bear markets, from frenzy to awakening, I finally grasped the essence of trading cryptocurrencies — the market is always cyclical, surviving is more important than making quick money.
In the bull market of 2017, assets multiplied several times, while in the bear market of 2022, they nearly hit zero. This made me realize: position management far outweighs technical analysis; saying goodbye to all-in and leveraged trading is the bottom line for survival.
The essence of trading cryptocurrencies boils down to three points:
Survive: In a bull market, there are “stock gods” everywhere, but only in a bear market do the true skills show; retaining core positions is more crucial than short-term profits;
Monetizing Cognition: You can’t earn money outside of your understanding; studying a project's fundamentals and technical logic is more useful than fixating on K-lines;
Counterintuitive Operations: Accumulate positions gradually when exchanges are quiet, and gradually reduce positions when even the grandmas are talking about Bitcoin.
The key takeaways are three:
Risk Control: No single cryptocurrency should exceed 20% of the total position; never be fully invested;
Investment Framework: Distinguish between long-term and short-term capital allocation; don’t let fluctuations disrupt your rhythm;
Continuous Learning: From Bitcoin to DeFi and NFTs, the industry is changing, and clinging to outdated knowledge will lead to elimination.
After ten years, the most precious things are investment discipline and respect for cycles.
Remember: Making money in a bull market is a process, while surviving a bear market is the result. In this 24-hour market, patience is more important than frequent trading.
If anyone feels confused due to market fluctuations, unsure how to deal with being trapped in a position, or feels misled during their trading process, feel free to reach out for a discussion!
