In 2018, I accidentally stepped into the cryptocurrency circle. At that time, there were indeed people around me who made money, and I didn't think much of it; I directly invested all the twenty thousand yuan I had saved up at the time.
The result is predictable—at first, I knew nothing. I bought whatever others told me to buy, and within a few days, my principal had shrunk by more than half. That feeling of anxiety and powerlessness is still fresh in my memory.
But I have a characteristic: I never give up. Losing money instead sparked my desire to learn. After years of trial and error, I have gradually summarized a few pieces of experience that have helped me the most, and I would like to share them with you today.
First, never put all your eggs in one basket.
This is a lesson I learned through real money. Now I habitually divide my funds into several parts: one part is allocated to mainstream assets that have stood the test of time as a ballast; the other part focuses on emerging projects with actual technological innovations. This way, even if one direction performs poorly temporarily, the other parts can serve a balancing role. The market always has rotations, and betting fully on one direction carries too much risk.
Second, discipline is more important than luck.
Market volatility is the norm. Without a clear exit plan, it's easy to go on a rollercoaster ride. I set a rule for myself: if a single trade's profit reaches 15%-25%, I will consider taking partial profits; if losses exceed 8%-12%, I decisively cut my losses. Once, I invested in a project that rose nicely, and many people were saying, 'It can still double,' but I still sold in batches according to my plan. Not long after, that project significantly retraced, and because I adhered to my discipline, I successfully preserved most of my profits.
Third, mindset is the ultimate key to victory or defeat.
Seeing others make money without feeling envious, and not panicking when facing temporary losses—this is easy to say but hard to do. I remember one time when the market suddenly plummeted, and there was a wail in various group chats, with many people cutting their losses and leaving the market. I carefully analyzed the projects I held and found that the fundamentals had not deteriorated; it was just an excessive reaction to market sentiment. I chose to hold on, and later the market warmed up, bringing good returns on those assets. Emotional decision-making is often the source of losses.
In eight years, I have experienced too many ups and downs in this market. Investing in cryptocurrency is like a long-distance race; it's not about who runs the fastest for a certain period, but who can persist until the end with the right methods. Continuously learning, strictly following plans, and maintaining a rational mindset—these seemingly simple principles are not easy for many to achieve.
The market is always changing, but some fundamental principles will not change. I hope my experiences can bring you some inspiration. Remember, in this field, surviving is more important than anything else.
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