If the cycle is 4 years, then this year is the 4th year. If this rule is broken, then just like shares, there could be a bull market at any time. Do you think the current plunge is a negative drop? Will it be like the 94 plunge? In three months, the top bull market has arrived, and the 100x and 1,000x coins are blooming.
Reject useless social noise.Market chatter only burns your capital and focus.
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Do not chase outsized profits on every opportunity. Match position-size to opportunity magnitude: small bets for minor setups, larger commitments for high-conviction cycles. Uniform sizing amplifies overall portfolio volatility.
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Community groups brainwashed members, claiming the project would revolutionize the world and soon list on major exchanges. Many emptied their savings to buy in. The token went to zero on listing, and the group was dissolved.
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My original capital was 100,000 yuan, and it is currently around 1.68 million yuan. This is because there has been a significant pullback recently. At the beginning of the month, my total assets in the cryptocurrency circle were a little over 200 million yuan.
In 2020, a hacker used a flash loan to borrow massive funds at zero cost and attacked the bZx protocol, profiting $350,000 in one go. The DeFi world saw the power of 'empty-handed kung fu' for the first time.
He held large coin holdings with paper-value of tens of millions, yet could not tell family or friends. He feared being asked for loans or being targeted. Wealth brought heavy psychological pressure.
Only by staying away from crowds can your own value become increasingly expensive. When you are among crowds, there are too many people; scarcity creates value, and everyone becomes cheap.
Bitcoin sets macro liquidity; ETH and alts are just risk exposure.
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A trader made 100x on a perpetual futures contract but didn't close. The next day, funding fees ate half his profit. He finally understood: perpetual contracts mean perpetually paying fees.
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Pick the right track first; if the sector flies, even pigs can take off.
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During the 2021 GPU shortage, a gamer waited three hours in line for an RTX 3080. The first thing he did was not gaming but mining. His neighbor asked what game he was playing. He said, 'I'm playing hashrate.'
I have a friend in Hong Kong who was born in the 90s. He is completely different from the cryptocurrency guy you have in mind. He is not only handsome but also very capable. He can be said to be a role model for the 90s. He came to the mainland some time ago. When we were drinking tea, we exchanged some experiences and insights in the cryptocurrency circle over the years. He entered the cryptocurrency circle with 1 million yuan, and now his net worth has exceeded 100 million yuan in five years. In the cognition of many ordinary people, when they hear tens of millions or hundreds of millions, they will think that this is bragging or unattainable. In his words, it is not difficult to make money, especially in the cryptocurrency circle. Many people think it is too difficult. I think he is right. No one in the world is born knowing everything. No matter how awesome a person is, he cannot do without learning by himself. !
In 2019, FCoin exchange became a sensation with its 'trade-to-mine' model, then collapsed due to a financial black hole. Founder Zhang Jian fled, users lost billions, and his whereabouts remain unknown.
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Elon Musk tweeted 'Doge to the moon,' and Dogecoin surged 50% in a single day. He became known as crypto's top 'pumper,' and was also investigated by the SEC for market manipulation.
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Distinguish speculation from gambling. Speculation means calculated risk-reward assessment; gambling ignores odds and relies purely on luck. Many call themselves speculators yet behave as gamblers.
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