Friends, I am Lao Chen, and I've been navigating the crypto space for nearly ten years. Many people ask me how to survive in this market for a long time and earn steadily. Today, I won't discuss those superficial topics, but rather share a few "dumb" principles I've summarized over the years.
Let's talk about the current market. As we enter 2026, many institutions have shared their outlooks. BlackRock says stablecoins are challenging traditional fiat currencies, Fidelity believes more countries will consider allocating Bitcoin, and ARK Invest directly states that Bitcoin is transitioning from a "optional" fringe asset to an essential part of institutional portfolios. Bernstein's analysts even predict that Bitcoin could reach $150,000 by the end of this year. Sounds great, right? But opportunities are always reserved for those who are prepared and disciplined.
I have seen too many people go crazy with FOMO when the bull market arrives and cry for help when the bear market comes. I can survive in this market not because of insider information or miraculous operations but based on these few simple, even somewhat 'foolish' principles.
First, don't believe in the 'get-rich-quick myths'; believe in 'slow is fast'. What does a healthy trend look like? It's a steady upward movement with occasional small pullbacks, followed by steady new highs. Those 'meme coins' that multiply in days often lead to a mess in the end. Look at Ethereum's trend over the years, and you'll understand what 'the power of trends' means. True value requires time to settle.
Second, the crazier the marketing, the further away you should stay. The crypto space is full of stories. The louder the slogans like 'hundredfold coins' and 'the last train', the more cautious you should be. Truly promising projects often have teams that bury themselves in work rather than shouting orders in communities every day. What you need is logic, not emotion.
Third, position management is crucial; never go all-in. This is a lesson learned the hard way. No matter how optimistic I am about an opportunity, I will only use at most 30% of my funds. Going all-in can lead to being completely knocked out by a black swan event. Keep enough ammunition; if the market drops, you can buy more, and if new opportunities arise, you still have capital to enter. Control is always in your own hands.
Fourth, unrealized gains aren't money; locking in profits is security. As soon as I realize significant profits, I will definitely withdraw a portion to secure my gains. For example, if I make 100%, I will first withdraw 50%. The remaining profits can then be used to pursue greater space. This way, even if the market reverses, you won't give back all the profits you've secured, and your mindset will be much steadier.
Fifth, only make money within your understanding; don't touch what you don't understand. This industry continuously brings forth new concepts, from DeFi to NFT, from RWA to AI + blockchain. You don't have to chase every trend. I only invest in projects that I have taken the time to research and whose underlying logic I can comprehend. Top venture capital firms like a16z focus on tracks like stablecoin payments, tokenization of real-world assets, and privacy computing, which do represent some directions, but ultimately it falls back to your own understanding.
Sixth, discipline is greater than all skills. Most people lose money not because they don't understand technical analysis, but because they can't control their hands. When it's time to cut losses, they hold onto hope; when it's time to be in cash, they can't resist. Set your trading plan and then execute it like a machine. In the market, surviving long is a thousand times more important than making a lot in a single instance.
In today's market, institutional funds are delving deeper, and the regulatory framework is gradually becoming clearer. This is no longer the era of chaos but rather a time of competing understanding, discipline, and mindset. Don't always think of making leaps; use the 'dumbest' method to befriend time. The market is always there, and opportunities are always present, but the prerequisite is that you must always be at the table.
I am Old Chen, a veteran of the crypto market who believes that 'slow is fast'. Let’s encourage each other.
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