In a blink of an eye over ten years, I watched a fan start with 3000 USD, roll up to 8 digits, fall back to 6 digits, and then climb back to 7.

Today he edited his review and sent it to me. I rewrote it into six bloody iron rules for you who are still at the poker table.

1. Quit gambling first, then talk about compound interest.

Remove the words "get rich quickly" from your dictionary. Turning 10,000 into 1,000,000 is not a single hundredfold increase but rather 7 doublings. Break the cycle into quantifiable small segments: double in half a year, double in a year... Keep emotions confined within these segments, and compound interest will have room to sprout.

2. The principal is life.

The only advantage of small capital is the ability to turn around quickly, while the biggest pitfall is being unable to withstand drawdowns. Write your worst-case scenario before placing an order: stop loss at a 10% loss, shut down at a 20% loss. Don’t talk to me about faith; leave faith for Bitcoin and keep the principal for yourself.

3. Buy in a bear market, sell in a bull market.

When the greed and fear index drops below 20, deploy 80% of your bullets weekly into BTC. Don't complain about the slow pace; it’s Noah's Ark. As long as the boat doesn’t sink, you will always have chips to wait for the next flood.

4. 20% of the risk capital must be 'precise sniping.'

Focus only on 3-5 new tracks, including DePIN, RWA, and AI. Study them thoroughly before gradually investing, with any single coin not exceeding 5% of your total portfolio. No matter how lively MEME coins or air coins are, treat them as fireworks; don’t risk your body to catch them.

5. Selling coins in a bull market is harder than buying coins.

Write your script in advance: 3 times, 5 times, 8 times; cut off 1/3 with each increase. Half of the profits cashed out should go back to BTC, and half into stablecoins. Don’t fantasize about eating the last piece of candy; leave some scraps for others so you can retreat unscathed.

6. Profits not cashed out are just paper wealth.

At the end of each cycle, transfer at least 20% of your profits to your bank card. Treat your family to a nice meal, buy a comfortable chair, or sign up for a personal trainer. Only the money you spend truly belongs to you.

In the end, I said to that fan and to myself:

The market doesn’t lack smart people; it lacks foolish people who keep surviving.

Lock risks in a cage, brew patience into fine wine, and keep life outside your body.

Follow @小花生说币 . As long as you don’t leave the table, there will always be opportunities for the next round. The light is in my hand, and also in front of you—will you follow?