Ten Years of Insights in the Cryptocurrency World

I've been in the crypto space for ten years. I've seen the myth of overnight riches and the tears of liquidation to zero. For newcomers just entering the market, especially those interested in trading contracts, here are some honest words exchanged for time and lessons.

1. Choose the right timing: The daytime is noisy with information and emotional volatility; don’t make hasty decisions. The market is more rational late at night, allowing you to see trends and traps clearly. Judgments made in quiet times are more valuable.

2. Understand profit-taking: Don’t be greedy and chase highs after making profits; greed is the sword behind profits. Take some profits off the table first. As the saying goes, “Keep the green hills, and you won’t worry about firewood.”

3. Make decisions: Don’t rely on feelings. Trust K-line charts, volume, and trend lines. Build your own trading system, even if simple, and stick to it strictly. Emotions are the biggest enemy; rules are your moat.

4. Control risks: Keep an eye on the market for flexible operations. Always set stop-loss and take-profit points when off-screen. Black swan events, sudden dips, and sell-offs happen often. Not setting a stop-loss is like driving without a seatbelt.

5. Remember to withdraw funds: Floating profits are just numbers. Actual money is only real when transferred to your bank account.

6. Use technical analysis: Use 1-hour K-line charts to catch swings, 4-hour charts for direction, and daily charts to determine the overall trend. During sideways markets, observe more and act less. When the trend is clear, take action. Don’t aim to buy at the lowest or sell at the highest; capturing the middle range is winning.

Ten Years of Survival Principles

1. Follow the trend: Only trade strong coins. The 60-day moving average is your lifeline—hold above it, exit below. Avoid weak coins in deep decline; capital flows where the trend goes.

2. Buy low, don’t chase high: Don’t chase after rapid surges; they are often traps for latecomers. During deep dips, long sideways periods, or when no one is paying attention, accumulate gradually at low levels. Wait for the wind to turn.

3. Understand volume and price: Narrow price fluctuations combined with shrinking trading volume often signal a major move ahead. Be patient and build positions at low levels; you will reap rewards.

4. Follow hot topics: When new hot spots emerge, don’t hesitate, but don’t go all-in either. Follow the big funds; a sip of soup is enough. Opportunities in crypto are fleeting.

5. Rest during bear markets: When the market is poor, reduce trading and focus on learning. Bear markets are the time to accumulate capital and gain knowledge. Only by surviving can you wait for the bull run.

6. Persist in review: Find reasons for profits, analyze problems in losses, correct mistakes, and stick to what works. Without reflection, you’ll fall into the same traps repeatedly.