I am a post-80s, I have been in the cryptocurrency world for 8 years, and my net worth is 40 million.
To be honest, the journey over the years has not been smooth sailing. I have soared during bull markets and collapsed during bear markets, I have been liquidated, harvested like leeks, chased highs, and cut losses... After all the hardships, I have come to understand that surviving in the cryptocurrency world relies not on luck, but on the 'iron rules' I have summarized. Today, I will share them with you:
1. Analyze calmly and do not be emotional.
Do not favor any coin; just act according to the signals the market gives.
2. Do not rush for quick success.
Those who want to get rich overnight often meet the quickest demise. Control your inner demons, and only then can you have long-term opportunities.
3. Good habits determine life and death.
Making money once is luck, but making money over the long term is skill.
4. Be patient in nurturing coins.
Frequent trading leaves you with nothing in the end. Focus on one track to accumulate small victories into big ones.
5. Be cautious in favorable situations.
Unrealized gains are just clouds; do not chase the highs or panic sell.
6. Technology + mindset, both are essential.
Relying solely on following the trend will eventually lead to being harvested.
7. Always leave a way out.
Strictly follow the trading system to give yourself another chance to come back.
8. Self-reflection is more important than complaining.
The market does not take the blame; the mistakes are all yours. Learning to summarize is the key to growth.
9. Never follow the trend and chase highs.
When the market is lively, you need to stay calm; when others are panicking, it might be a good opportunity for you to buy low.
10. Discipline is the bottom line.
Correct discipline can lead you to make money; wrong discipline can destroy everything.
These are not just lofty principles; they are all hard-earned lessons I learned with real money. Everything you have experienced, I have gone through; everything you have not experienced, I have also stumbled. To sum it up: in the cryptocurrency world, only by maintaining the right mindset can you preserve your wealth.