🌈 How can you survive longer in the cryptocurrency world?
Making quick money is easy, but surviving is the hardest part.
Especially in the cryptocurrency world, with every market cycle, some people get rich, while others go bankrupt.
Which one do you want to be?
Do you think that a liquidation is the beginning of losing money?
In fact, the real loss starts the moment you underestimate risk.
Many people get knocked down by the market, not because they made the wrong judgment, but because they were too confident, too greedy, and too eager for quick gains.
Those who can truly survive for a long time generally have these 5 qualities:
1. Control your position first, direction second
Don't get caught up in whether you are bullish or bearish; first ask yourself how much drawdown you can withstand?
2. Can wait, can endure; can make money without acting
When there are no opportunities, it's better to stay in cash than to make blind trades.
Those who want to make money every day often end up making little.
3. Value the capital curve, not single instances of windfall
Winning 5 times in a row is not as good as not blowing up once. Stability is the strongest compound interest.
4. A clean mindset, not following the crowd, not gambling with your life
You will never make money beyond your understanding. You won't make money by following the crowd.
5. Make money with a clear mind, not an excited one
Do not place orders when you are emotional; do not be envious when others are greedy; calmness is the greatest winning rate.
Advice:
If you want to survive long in the cryptocurrency world, be an unappealing player.
Don't chase trends, don't gamble on news, don't act on emotions,
Like an old fox, only play the games you understand.
Conclusion:
What you want to earn is not the money from a single market cycle,
but the qualification to still be at the table in the next bull market.
Remember this phrase:
In the cryptocurrency world, survive first, then talk about making money.
