Ten Years in the Cryptocurrency World: From Bankruptcy to Rebirth—Eight Survival Rules
Over the past ten years, I've seen too many people enter the market with enthusiasm and leave with losses.
Some became rich overnight, while others lost everything overnight.
I have experienced seven years of ups and downs, from bankruptcy and collapse to a resurgence. The lessons learned through blood and tears can be summarized into eight survival rules.
These are not theories; they are experiences bought with real money.
1. The lighter your position, the longer you live and the steadier your earnings.
For 100,000 in funds, focus on one cryptocurrency; for 200,000-300,000, at most two; for less than 500,000, keep it to 3-4.
Distributing too thinly is not a strategy; it's a donation.
In a bull market, concentrate your firepower; in a bear market, hold lightly and observe, always be ready to withdraw. This is the consensus of seasoned investors.
2. Trends are the only faith in the crypto world.
Technical analysis and news are just aids; trends are the core.
Rebounds during a downtrend are mostly illusions; corrections during an uptrend are opportunities.
Don't guess the bottom, don't bet on the top; those who follow the trend survive, those who go against it perish.
3. Only act when things are hot.
In the crypto world, there isn't meat to eat every day.
Real opportunities only arise when the market is active and popularity is booming.
During quiet periods, don't force it; resting is also a strategy.
4. Cut losses decisively, secure profits steadily.
Don't fantasize about rebounds when losing; cut losses decisively; when in profit, gradually raise your take-profit level to lock in profits.
The market will not pity your little reluctance.
5. Buy quickly, sell even faster.
Don't hesitate when opportunities arise; don't delay when risks come.
Experts win by decisiveness, while cannon fodder dies from procrastination.
6. Before increasing your position, ask yourself: 'If I had no position now, would I buy?'
If the answer is no, then don’t act.
Increasing position is not remedying mistakes; it is amplifying correctness.
7. Don't waste time on short-term trades.
Those who stare at 15-minute candlesticks all day end up as contributors to transaction fees.
The ones who really make big money are those who can understand trends and hold their positions.
8. Bottom-fishing is the most expensive illusion in the crypto world.
"It's dropped so much, it should bounce back now?"
This phrase has buried countless people.
The 20% who can make money never easily bottom-fish; they wait for a trend reversal, not emotional release.
The crypto world lacks opportunities, only lacks those who can survive.
Do you want to continue being cut or learn to cut back?
There are no shortcuts on this road, only choices.$BTC
