Stop believing the nonsense that 'everyone in the crypto circle just relies on their parents to win'! The house I live in in Shanghai, the apartment I rent out every month, and that sports car in the garage that makes my friends envious—none of it has anything to do with my family's support. Everything came from over 2,900 sleepless nights I spent analyzing K-lines, rolling out from a 200,000 investment.
You may not believe it, but now I dare to talk about 'cycles' with confidence. Back then, I even lost so much that I smoked on the balcony until dawn. I invested 200,000, and within two months, my account balance was only 48,000. At that time, I could only afford to order food from a low-cost service. I came across news about 'crypto scams' in the middle of the night, and I really wanted to smash my computer and run away.
Fortunately, I am a stubborn person who is 'set in my ways'; losing everything is not scary, but not knowing how I lost is. During that time, I printed all my trading records, circled the mistakes in red, and even while drinking water, I thought about 'why I entered at this point.' By relying on this 'foolish method' and grinding hard, I finally transformed in three months during a market wave, directly adding two zeros to the number in my account.
Today, let's not play around, let me share with you the 4 ironclad rules that I have invested real money into, which are 100 times more effective than the words of those 'signal callers'—
First, a bull market is not a 'money-picking field' but a 'sieve.'
Every time the market heats up, there are always people running around like headless flies: chasing the metaverse when the metaverse is hot, hyping Web3 when Web3 is in vogue, and in the end, holding onto assets in dozens of sectors, not catching the rise when it happens and not escaping when it falls. I have always been the type to 'stick to one path to the end'; when a new hot topic emerges, I dive in and grind hard, thoroughly researching the leading projects and potential rebound stocks in this field, from checking team backgrounds to examining technical implementations. Once I set my sights on something, I hold on tight and don't let go. Remember, in a bull market, the big winners are never the 'jacks of all trades' but the 'masters of one.'
Second, 'buy new, not old'; don't pay for sentiment.
There are always people who argue with me: 'I've held onto this old project for three years; I have feelings for it'—Brother, the capital market is most lacking in feelings; what is most valuable is the 'new story.' Those old assets that have been lying low for several years are mostly 'old machines' eliminated by the market; their performance cannot keep up, and their expectations have long been exhausted. Even if they rebound occasionally, it's just a 'flash in the pan.' The market always favors those with new logic and new implementations; don't let so-called 'sentiment' drain your wallet; rationality is worth much more than nostalgia.
Third, leverage is both the 'accelerator' and the 'brake.'
I have made eight figures with leverage, but I have also had my account wiped out to zero three times because of it. Now, when I mention this, I have a bit of a 'conditioned reflex.' If you really can't resist touching it, these three bottom lines must not be broken: First, never go in fully; always leave some 'rescue money' in your account; Second, don't exceed a leverage ratio of 5 times; while 10 times leverage looks exciting, it actually puts you on the grill; Third, stop-loss should be as natural as eating and sleeping; if it drops below the preset point, don't hesitate—hesitating for a second could lead to irretrievable losses. Remember, leverage is a tool, not a gambling device; those who treat it like a gambling table will eventually be cleared out by the market.
Fourth, understanding cycles is more important than finding 'hundred-fold divine coins.'
There is an iron rule in the crypto space: a four-year cycle, with bull and bear markets alternating more accurately than an alarm clock. But there are always people who get confused at the end of a bull market, seeing even the owner of the milk tea shop downstairs asking on their phone, 'Which one can rise ten times?' and still thinking, 'The market has just started.' Let me tell you, this is the 'signal to get off the bus!' At the end of a bull market, you must clean out those small coins that have no substantial value; otherwise, once the bear market comes, a 90% correction can take you back to square one overnight. I've seen too many people make money but fail to hold onto it simply because they don't understand the cyclical wisdom of 'taking profits while they can.'
To be honest, I don't have much talent, and I haven't come across any 'insider information'; I survive solely on 'not being greedy, not being lazy, and not being afraid of making mistakes.' Nowadays, every day fans ask me, 'Which one can double?', but I want to counter with a question: 'If it drops 90%, can you hold on and not cut your losses?'
The crypto space has never been a 'get-rich-quick' casino; it is a battlefield of 'long-term practice.' The market is always there, and there are always opportunities, but only those who truly focus on honing their skills can seize them.
