Last week, I had hot pot with a senior who has been immersed in the crypto market for 12 years. As the red oil bubbled, he suddenly shoved his tablet in front of me — an initial capital of 100,000, and now the account balance is stuck at 12,000,000. The duck intestines in my hand fell back into the pot: 'Bro, how many windfalls have you hit?'
He picked up a piece of perfectly cooked tripe and, after some hesitation, said slowly: 'What windfall password is there? I'm just more 'stubborn' than others, not greedy, and not following the trend. These three seemingly clumsy methods, I've used for ten years, and if newcomers to the crypto market follow them, they can at least avoid five years of detours.'
As a crypto analyst with many years of industry experience, I have seen too many novices rush into the market with the fantasy of 'getting rich overnight,' only to lose everything in the chase of rising and falling prices. Today, I will share the valuable insights from seniors along with my practical experience without reservation:
1. Only take 'a bite of meat,' refuse to 'eat the whole table.'
A senior said: 'The most deadly trap in investing is trying to stuff all the dishes on the table into your mouth.' I deeply agree with this.
Last year, when the metaverse concept exploded in the crypto market, how many novices rushed into those obscure coins with a 'full warehouse doubling' obsession, only to lose everything within half a month due to poorly written white papers. Meanwhile, the seniors always focused on the two core tracks they had studied for five years, decisively exiting with 'a bite of meat' when the market started, never being greedy.
This is also what I have always emphasized: the crypto market never lacks money-making opportunities, but novices must stick to their capability circle. Instead of chasing those obscure coins with astonishing price increases but incomprehensible logic, it's better to focus on core targets like BTC and ETH, which have been long validated by the market. They may not double your investment overnight, but they can protect your principal during volatile markets, and staying alive is the prerequisite for making money.
2. Persistently review and honestly face every profit and loss.
The seniors carry a thick notebook filled with the time, buying logic, position size, and final profit and loss of every transaction over the past ten years. More importantly, even when profitable, they would write down 'was this luck or logical realization'; when losing, they would carefully dissect the K-line to see 'where the judgment was wrong' and 'what issues arose in mentality.'
I completely agree with this. I have seen too many novices who never review after trading; they credit their profits to their 'good vision' and blame losses on 'market harvesting.' But the essence of the crypto market is cognitive realization; every review is a way to fill cognitive gaps. In my own review notes, besides trading data, I specifically annotate my emotions at the time—was it impulsive chasing or rational layout? Was it panic selling or steadfast holding? Only by honestly facing one's mistakes can one avoid falling in the same place next time.
3. Endure the 'winter period' and wait quietly for the market to warm up.
Two years ago, the crypto market entered a downturn. Many around me either rushed to exit and cut losses or frequently adjusted positions trying to 'catch the bottom,' resulting in increasing losses with each operation. However, the seniors remained still and instead took advantage of the calm market to spend more time researching project fundamentals and sorting out industry logic.
This is the core difference between experts and novices: novices fear loneliness, while experts understand waiting. The market is like the cycle of seasons; even the longest winter will welcome spring. During fluctuations in the crypto market, instead of hurriedly adjusting positions, it's better to calm down and accumulate knowledge—research the technical barriers of projects, team backgrounds, and application scenarios. When the market warms up, while others are still hesitating and observing, you have already found the right timing to enter quality targets.
As a crypto analyst who has witnessed several rounds of bull and bear markets, I increasingly believe: investment earnings are not luck money, but execution power money. In the crypto market, staying within your capability circle, being honest with yourself, and enduring the lonely period are more effective than chasing a hundred windfalls.
I am A Qiang, focusing on the crypto circle for many years, sharing useful and diverse professional knowledge. For those who are fated, if money doesn't cross you, who will? Follow A Qiang, and I will take you to unlock the matters in the circle, clearing the fog of the crypto market. I hope our encounter can be filled with friendliness and harvest!
