In the cryptocurrency world, those who can profit in the long term are often not the 'smartest' but the ones who can adhere to discipline the best. I know a senior figure who has been deeply engaged in the cryptocurrency space for years. He initially entered the market with only 100,000 yuan, and now his account's market value has skyrocketed to 42 million. There was a saying that he enlightened me with, which I still remember vividly: 'The essence of the cryptocurrency market is emotional; most people are just a herd following trends. As long as you can control your emotions well, this place is a cash machine.'
He achieved a leap in wealth by relying on a seemingly 'clumsy' but extremely effective strategy, summarized in four points:
First, do not be greedy for small profits and do not incur large losses. These eight words are easy to say but represent a hurdle that most people cannot overcome in their lifetime. It's like many people have experienced: opening a long position at 20,000 USD, getting excited to take profits when it rises to 21,000 USD, thinking they made 5%, but then watching the market surge to 25,000 USD, seeing 50% of their profits slip away; after learning the lesson, when they open a long position again at 20,000 USD and hold on stubbornly for 'big money' when it hits 21,000 USD, the market turns around and drops, not only giving back profits but also dropping below 20,000 USD, even down to 19,500 USD, leaving them with no choice but to cut losses. Many people struggle repeatedly in this cycle of 'missing out - chasing highs - getting trapped - cutting losses', unable to break free.
Second, only choose mainstream coins that have fallen deeply and are gradually rising. He never touches those flashy, risky new coins with unknown risks but focuses on mainstream coins that have been tested by the market. When building a position, he is not greedy, starting with a 10% position to lay the foundation, never trying to guess the 'absolute bottom', only waiting for the market to stabilize before taking action. This method may seem not 'efficient' enough, but it can minimize risks and securely safeguard the principal.
Third, wait for the trend to become clear, and then add 20%-30% during pullbacks. Many people in the market always think about 'buying at the lowest point', but often end up buying halfway up the mountain; the senior figure, however, does the opposite, not getting caught up in short-term price points, but waiting for the trend to fully materialize before adding during pullbacks. Even if the price at which he adds is slightly higher than the 'lowest point', it is still much safer than being trapped at a high, as a clear trend is the core prerequisite for profit.
Fourth, after each rise, withdraw the principal and half of the profits first. This is the discipline he values most: no matter how crazy the market is, as long as the market rises, he withdraws the initial principal and half of the profits, leaving the remaining position to fluctuate with the market. He often says: 'Money only counts as truly earned once it is in your pocket; a little greed can easily turn into a loss.'
Last year, he used this strategy to help a friend who had previously lost over 600,000 yuan. In just half a year, the friend not only recovered the losses but also earned enough for a BMW X3.
In fact, the cryptocurrency world is never short of 'smart people', but it lacks 'foolish people' who can control their hands and endure patiently. While everyone is chasing highs and lows, led by emotions, if you can honestly follow the trend and stick to your strategy and discipline, you can pick up the profits that others have left behind in panic.
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