One day in the crypto world is like ten years in the human world

I've been in the crypto space for 9 years. When I first entered, I lost a lot; during the journey, I had both losses and gains, and now I rely on crypto to support my family.

I have summarized ten experiences to share with everyone, hoping to help you. As long as you can do it, it will be hard to lose.

1. If the market crashes, and the coins you hold haven't dropped much, it means there are big players backing them up. Make sure to hold onto such coins; there will definitely be profits later!

2. Newbies should remember to gather macro information when trading. For short-term trades, look at the 15-minute and daily charts; if the price is on the line, hold onto it, and if it breaks, run fast. For medium-term trades, focus on the daily chart, same principle. Don't get caught up in fancy tricks; once you identify a target, act decisively!

3. If you buy a coin and it hasn’t moved for three days, quickly switch to another. If it drops right after you buy, don’t hesitate to cut your losses at 5%!

4. If a coin has been halved from its peak and continues to decline for nine days, it has likely reached the bottom, and a rebound is imminent. This is the time to jump in decisively!

5. In the crypto world, you should chase the leader; it is the one that rises the fastest and is relatively resilient to declines. Don’t be afraid to buy just because the price is high, and don’t catch falling knives just because a coin has dropped a lot. Chase the leader, buy during uptrends, and sell during downtrends!

6. Don’t always think about catching the bottom; coins that are dropping are like falling from a building, there’s no bottom line. If you need to cut losses, do so. Following the trend is key. When buying, it’s not about getting the lowest price, but about getting the timing right!

7. Don’t get carried away after making a little money; it’s easy to earn once, but hard to earn every day. Each time you make a profit, reflect on whether it’s due to your skills or just luck. Developing your own trading strategy is the way to go!

8. When unsure, stay in cash. Being in cash is not shameful; losing money is shameful. Remember, you are here to protect your capital, not to be a gambling god! Trading is not about speed; it's about success rate and risk-reward ratio!

9. In the early stages of a new coin, optimism leads investors to pour in large amounts of capital, increasing demand and driving prices up. However, this influx of capital may lack solid fundamental support. Once market sentiment changes, rapid capital outflows can lead to a price crash.

10. Every coin is pushed forward by a group of like-minded individuals through consensus mechanisms. And what’s the result? These people have all gained immense wealth! Ten years in the crypto world feels like a day in the human world.