Guide to Surviving in the Crypto World: Avoid These Pitfalls and Live at Least Three More Years

People often ask me, 'Is there a guaranteed way to make money in crypto?'

To be honest: No. But there are some pitfalls that, once stepped on, can help you avoid dying several times—these are lessons I've learned with real money.

The first pit: Obscure coins = Lottery

When I first entered the field, I bought a new 'hundred times coin' for a cheap price, thinking I'd multiply it tenfold in three days. As a result, the project team ran away on the fifth day, and my account went to zero.

Now I only focus on mainstream coins like BTC and ETH; the ones that can help you turn your fortunes around are always the locomotives, not the lottery.

The second pit: Positioning like a gambler

In the past, I would go all in when I saw an opportunity, but when the market turned against me, I would get liquidated instantly. I later learned to be smarter: I split my capital into 20 parts, so even if I make three wrong moves, I can still survive.

Staying alive is more important than anything else—last year, I survived three crashes using this tactic, and now my account is growing bigger.

The third pit: Not knowing when to sell, making profits useless

During the bull market in 2020, my account peaked at 1.2 million, but I was too reluctant to sell, and it eventually shrank to 400,000. That moment taught me: buying is just the beginning; selling is the real skill. Now I set a hard rule: if I make more than 30% profit, I immediately withdraw 50%.

The fourth pit: Frequent trading = Working for the platform

There was a time when I placed dozens of trades a day, earning in the morning but giving it all back at night, with transaction fees exceeding 10,000.

Now I set limits for myself: a maximum of three trades a day, and I stop once I reach my target. This has made me more stable, and last month my win rate exceeded 70%.

The fifth pit: Averaging down = Digging a hole

In the past, I would add to my position when the price dropped, but it only made my losses deeper. Now, if the direction is wrong, I immediately cut my losses—if the money is still there, the opportunity is still there.

Plus, I have a strict rule: no single trade loss should exceed 2% of my capital; even if I make five consecutive wrong moves, my account won’t die.

The last pit: Chasing highs and cutting losses

How many people are lured into the market by a big bullish candle, only to cut losses with a big bearish pin?

I have been harvested this way three times; now I only look at trend lines and don’t guess tops and bottoms. Short in a bear market, long in a bull market—comfortable and safe.

These principles may sound clichéd, but those who can truly control their hands and hearts will be the final winners.

The crypto world is not about who makes money faster, but about who can last longer.

If you are also confused or need a specific analysis, feel free to contact me at @加密大师兄888 —I can help you analyze trends and avoid landmines. After all, going fast alone is not the same as going far together.

There are many lost souls on the road of crypto; I only guide those destined to meet.