In the cryptocurrency market, making money is not hard; the challenge is to preserve profits and sustain earnings. Today, I summarized 26 pieces of my personally verified experiences, each one a hard-earned lesson, hoping to help you go further in the crypto space! 👇👇
📌 Part One: Mindset Determines Everything
1️⃣ Money made is not the same as real profit; reinvesting profits into high-risk assets may only make you paper rich.
2️⃣ Do Your Own Research (DYOR)! 99% of KOLs on X rely on pump and dump, don't be led by the rhythm.
3️⃣ Find the right track for yourself; don't just follow the trend. If you choose the right track, making money is just a matter of time.
4️⃣ Record everything! Traders should remember their gains and losses, airdrop followers should track their projects, and reviewing is the only way to improve!
5️⃣ Accept losses and quickly adjust your mindset. Failure is not scary; what's scary is stagnation.
📌 Part Two: Strategy and Efficiency
6️⃣ Fewer but better tools; proficiency is key! I only use:
🔹 @bullx_io
🔹 @tradewithPhoton
🔹 @cookiedotfun
🔹 @DefiLlama
🔹 Crypto Twitter
7️⃣ Research is important, but networking is more important! A casual chat in a community can be more valuable than 16 hours of solitary research.
8️⃣ Protect your focus; don't get obsessed with past losses, as the market always has new opportunities!
9️⃣ Growth relies on investment, stability relies on diversification. Seize the opportunity for speculation, and after making a profit, be sure to allocate part of the assets to long-term stable projects.
🔟 Meme coins won't make you financially free; strategy is key. You're either the lucky 0.1% or you're getting harvested by the market.
📌 Part Three: Pitfall Guide
1️⃣1️⃣ Dare to explore, but don't be the one left holding the bag! New narratives can be played, but if you're not the market maker, don't think about being the last one to sell.
1️⃣2️⃣ Don't follow popular tracks blindly; most people buy at high points, while smart money has already withdrawn.
1️⃣3️⃣ Fundamentals + Trends are what make a good project; meme coins that rely solely on community enthusiasm will ultimately crash.
1️⃣4️⃣ Stick to your trading system; don't change your strategy due to short-term FOMO.
1️⃣5️⃣ Focus on a specific field and become an expert! Earning 10 small profits is not as good as seizing 1 real opportunity.
📌 Part Four: Risk Management
1️⃣6️⃣ Don't enter the market when everyone else does; NFTs, airdrops, and meme coins have advantages in early participation!
1️⃣7️⃣ In a bull market, do not ignore the fundamentals. Speculation can make money, but true wealth comes from value investing.
1️⃣8️⃣ Have discipline in stop-loss and take-profit! Cut losses at 10%, don't fantasize that 'the price will come back.'
1️⃣9️⃣ The food chain in the crypto space:
Builders > VCs > Whales > Bots > Early Manual Traders > Late Manual Traders
If everyone on Twitter is talking about it, you're already too late!
2️⃣0️⃣ Avoid frenzied projects! Projects like Aevo, LayerZero, and Berachain that have communities but no value will ultimately lead to chaos.
📌 Part Five: Investment Discipline
2️⃣1️⃣ Don't trade when you're drunk, tired, or sick; you'll make the worst decisions!
2️⃣2️⃣ Stablecoins are not stable! UST collapsed, USDC faced FUD; diversifying into BTC and ETH is the hard truth.
2️⃣3️⃣ Don't just focus on airdrops; dive deep into learning about DeFi, Layer2, and infrastructure to truly understand how the market operates.
2️⃣4️⃣ Macroeconomic factors have a significant impact! The U.S. stock market, inflation data, and interest rate decisions will directly affect the cryptocurrency market trends.
2️⃣5️⃣ Don't get hung up on right or wrong; take action and then review! You won't get it right every time, but reviewing can bring you closer to the truth.
2️⃣6️⃣ The market doesn't care about your emotions; accept reality and adapt quickly!
🎯 Conclusion
The most important thing in the crypto space is: adapt to the market, keep learning, diversify risks, and cut losses in time.
