At three in the morning, in a corner of a certain internet café in Shanghai, smoke is swirling. Programmer Old Li stares at the K-line chart on the screen, his ashtray piled high with cigarette butts—this is his third liquidation in this bull market. At the next table, Xiao Wang excitedly shows off his newly bought Rolex: 'I made 2 million yesterday by going all-in on Shitcoin!' But Old Li knows that three years ago, in the same position, a young man in Givenchy was bragging like that too; now that person is delivering takeout to pay off debts.

1. Mindset management: Three iron rules to stay clear-headed in the casino

)) Don’t treat exchanges like living rooms
Refreshing your asset balance won’t make the numbers bigger; instead, it will turn you into a 'watching zombie.' Just as you can’t weigh yourself 24 hours a day to lose weight, a true hunter will turn off the app after setting their stop loss. Remember: those who check their positions more than three times a day will have an 80% chance of mental breakdown before a bear market.

)) Break emotional dependence
Falling in love with a cryptocurrency is more dangerous than dating. Last year, a 'Ethereum believer' mortgaged his house to increase his position, and now he sends little essays in the rights protection group (V God, help us) every day. Treat tokens like an ex: don’t be soft-hearted when it’s time to stop loss, and don’t look for sweetness in memories.

)) Profit is not a number, it's a trophy
Earn 1 million and withdraw 500,000 to buy gold; this is the bitter experience of countless liquidated traders. The smartest players I’ve seen transfer their principal out after making a 10% profit and continue to snowball with the profit. Remember: money left at the gambling table will eventually have to be returned.

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2. Trend capture: Advanced strategies for finding gold mines in ruins

)) The law of old and new dynasties alternating
The return rate for buying Bitcoin in 2021 was 60%, while for Solana, it was 12,000%. But this year, do you still want to rely on the old leaders for a comeback? Look at those 'ancient relics' holding onto EOS and waiting to break even. In every new cycle, a new king rises, look for projects that haven't even had their Chinese names standardized yet.

)) Predict hotspots 48 hours in advance
A true hunter can smell blood. When 'Bitcoin ecosystem' suddenly trends on Weibo, the Rune Protocol has already surged 300%; when CCTV reports on AI regulation, on-chain AI coins have already been swept up by institutions. Remember: by the time you understand the narrative, it’s already the eve of harvest.

)) Surfing the trend
What to do if you miss the first 30% rise? Last year, someone discovered the Bitcoin ecosystem opportunity halfway through, finding the dark horse STX by studying layer-two protocols and made a 5x profit in three months. Just like surfing, you don’t have to chase the first wave, but you must see the direction of the tide.

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3. Capital security: Survival gear in the dark forest

)) Wallet tiering tactics
The main wallet only holds Bitcoin and stablecoins, like a safe at home; small funds are placed on exchanges as 'bait'; prepare a disposable wallet specifically for interacting with airdrops. Some players used this method to successfully avoid a certain exchange's collapse last year.

)) Link verification anti-fraud guide
Before opening the 'Binance Spring Festival event' link sent by a friend, first compare the official website domain. Someone discovered that the scammer changed binance.com to binnance.cc; a single letter difference saved 2 million assets. Remember: in the Web3 world, quick fingers are no match for a sharp eye.

)) The math problem of asset diversification
Divide 1 million into:
• 400,000 Bitcoin (ballast)
• 300,000 mainstream exchange tokens (lifeblood of exchanges)
• 200,000 new narrative targets (surfboards)
• 100,000 stablecoins (escape pod)
This configuration allowed a player in Guangzhou to lose 70% less in the last bear market.

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At this moment, Xiao Wang is still flaunting his new watch, while Old Li quietly transfers the last 50,000 U into a cold wallet. He knows that those who were the most glamorous at the beginning of a bull market often don’t survive the first year of a bear market. The real winners in the crypto world always buckle up when others are celebrating.#加密市场观察