To survive long-term in crypto, remember these principles:

1. A thousand waves for a thousand people—only earn money within your own knowledge circle.
2. When you don't understand the market, holding cash is also profit.
3. Cut losses short, let profits run; prioritize stability first, then earnings.
4. Respect market cycles, never fight against the prevailing trend.
5. Emotional management is risk management.
6. Persist in reviewing trades; extract experience from losses, refine your system from experience.

Your ability to recognize what's right determines doing the right thing, which is a hundred times more important than doing things right. When direction is wrong, the faster you run, the further you stray.