When I first entered the cryptocurrency world, I thought contract trading was just gambling, and I ended up losing half of my capital in three days. Later, I realized that to survive in the crypto space, the key is not to predict the market but to control oneself. Those who recklessly go all in end up as fodder for the exchanges.

Money should be earned slowly, and one must first protect their life. Now, every time I open a position, I use at most one-tenth of my funds; even if I make a wrong call, it won't be devastating. Many people rush to recover their losses, only to lose even more, and eventually, their mindset collapses, leading to disorganized trading. In fact, losing money is not scary; what is scary is losing all your chips to continue playing.

Increasing positions is a technical skill; you can only add when you are in profit and should run quickly when in loss. I've seen too many people unwilling to accept their losses, constantly averaging down, and ending up wiped out by a sudden drop. Those who can truly make money are the ones who slowly increase their stakes after making a profit and immediately acknowledge their mistakes when they incur losses. Those who stubbornly hold on to their positions often end up on the rooftop.

Shitcoins may look tempting, doubling in a day, but those wildly fluctuating coins are mostly tools for the market makers to harvest retail investors. By the time you see them, the market makers are already sharpening their sickles. I now only trade Bitcoin and Ethereum; although their gains are slow, at least they won't inexplicably drop to zero.

The most ironic thing about the crypto world is that most people go crazy when they are making money and go even crazier when they are losing money. The ones who can truly make money are often those who are greedy when others are fearful and fearful when others are greedy.

Remember, the stories of getting rich quickly are just for listening; learning to survive is more important than anything else. Currently, the market is dynamic, and we have opportunities to share every day.