Many people enter the cryptocurrency space in pursuit of high leverage and high returns, initially fantasizing about 'getting rich overnight', but in the end, they become the 'chives' (a term for those who are repeatedly harvested for profit). Why? It's not that they can't make money; it's that they have no intention of how to preserve the money they earn.

You may have made a trade and tasted the thrill of earning tens of thousands in a day, but the question is: are you willing to go back and slowly accumulate again? Most people don't fail due to lack of skill; they fail because their mindset collapses. They earn too much to leave and lose too much and want to recover, getting deeper and deeper into trouble. Here are a few pieces of advice, all learned from stepping into pitfalls:

1. Operate less, observe more.

Don't jump in during peak times; market opportunities are not available every day. If you miss out, don't panic; the cryptocurrency space is never short of opportunities.

2. Don't go against the trend.

When you see a group of people rushing in, do you really want to catch the bottom? The result is that others leave and you are left holding the bag. Remember, go with the trend.

3. Have your own bottom line; don't be controlled by emotions.

Set your profit-taking and stop-loss levels in advance, and execute them when reached—don't be greedy or fearful. You will never truly know where the 'bottom' or 'top' is; being greedy can easily turn winning into losing. Trading cryptocurrencies is not gambling, nor is it a game of luck. It requires strategy, patience, and self-restraint.

Those who survive in the cryptocurrency space are never those who earn the most, but rather those who owe and share the same stop.