A Decade Journey in the Cryptocurrency World
I am Guang Ge, 32 years old, and I have been trading cryptocurrencies for a full 10 years. At 22, I rushed into the cryptocurrency world with my tuition fees, experiencing the 94 crash, the 312 black swan event, and witnessing the bull market of 2021. During my worst times, I was deep in debt, but now—2024—my account has finally reached eight figures.
Over these years, I have learned a principle: in the cryptocurrency world, only a few people make money, and these people all have their own survival rules.
First Rule: Understand the tricks of the market makers
Prices rise quickly and fall slowly? That’s the market makers secretly accumulating positions, preparing for the next surge.
Prices fall quickly and rise slowly? Run fast, that’s a signal that the market makers are offloading.
Second Rule: Trading volume speaks volumes
Don’t rush to sell when there’s high volume at the top; there may be new highs ahead.
Volume decreases at the top? Run faster than anyone else.
High volume at the bottom? Don’t rush to catch the falling knife; it may be a continuation of the downtrend.
Sustained high volume is the real opportunity.
Third Rule: Emotion is the key to wealth
The cryptocurrency world revolves around consensus, and trading volume is a mirror of emotions. The cycle of fear and greed is the truth behind price fluctuations.
In these ten years, I have seen too many people:
Some completely left after the 312 liquidation.
Some lost everything during the 519 crash.
More often, people are gradually eliminated by the market during the repeated transitions between bull and bear markets.
Change has never been cool; it comes with pain and torment. Just like how muscles need to be torn to grow, trading cryptocurrencies requires constantly breaking old perceptions. The alternating scenes of charging forward and retreating in panic is the norm in the cryptocurrency world.
