After years of deep cultivation, earning eight figures: An experienced player shares practical experience and insights

#特朗普：我爱$TRUMP #巨鲸动向 #MichaelSaylor暗示增持BTC #币安投票上币 
The March 23, 2025 cryptocurrency market analysis covers mainstream coin trends and trading reviews. BTC experienced narrow fluctuations over the weekend, while ETH shows signs of short-term capital inflow strength. In terms of trading, the $UUU operation achieved 20 times the return. The author shares years of experience in the crypto space, emphasizing the importance of taking profits and cutting losses, avoiding herd mentality, such as selling early is better than selling late, and valuing the compound effect, etc. He also mentions 10 lessons learned from paying millions of dollars in tuition, including respecting every penny and setting stop-loss indicators, reminding investors to make rational decisions.
March 23, 2025 Cryptocurrency Market Analysis
Today's mainstream coin trend analysis:
BTC fluctuated between 84,000 and 84,500 over the weekend, forming a narrow consolidation pattern. The current market is in an adjustment phase with a very slow rhythm, and the support at 83,000 can still be referenced.
ETH's price is influenced by various factors in the short term, with net capital inflow providing some support for the price, showing signs of strength over the weekend. Currently, it is necessary to pay attention to whether it can stabilize below 1980-1950; if it breaks below, this wave of 4-hour rebound fails.
The market is ever-changing, based on real-time market conditions, remember to manage risk well!
Today's trading review:
I just witnessed a miracle! This operation surprised even me...
In the afternoon, I let everyone in on $UUU, and after calling it at 0.0028, I went to have coffee, only to turn back and see it shot up to 0.031! %20 A full 20 times, family!!
The on-chain world really changes in an instant, and I'm so happy to be able to share the profits with everyone! 🎉%20
The next opportunity is lurking; add QQ: %202089259001, maybe tomorrow you'll be the one sharing profits in the group!
 
 
Introduction: This article mainly shares experiences, emphasizing taking profits, cutting losses, avoiding herd mentality, and valuing the compound effect and rational decision-making.
Having been in the crypto space for so many years, I've made eight figures. Here are a few pieces of wisdom I've learned:
 
1. Sell high and always earnSelling early is usually better, even if you miss out on profits, it's better than holding on for too long and going back and forth.
This is because, in the end, you will find that almost everything tends to approach zero.
So, even if you sell early and miss out on some profits, looking back at this decision months or years later—you are truly a genius!
2. Screenshot and sellIf you took a screenshot of how much profit you made, that would be the moment to choose to sell.
Of course, you don't have to sell all your positions, but usually at least reducing your position by 20-50% is a good time.
3. Ignore the noiseMost people on platform X and cryptocurrency-related applications are completely unaware of what they are saying.
Often, the loudest and most confident voices know the least; while those who are quiet and self-reflective are full of wisdom.
4. Confidence cannot be borrowedClearly, you cannot borrow confidence to buy from others.
If you're buying something because someone else did or told you it might take off, you're almost certainly going to get burned.
Then these people will push the responsibility onto you, while you are anxiously waiting for their next tweet or YouTube video to tell you what to do next.
5. Don't worry about what others thinkStop trying to impress people.
This is just a common and general life advice, but it is especially applicable in the cryptocurrency field.
Wanting to impress friends and family, making them like you and pay attention to you, is one thing.
And wanting to leave a deep impression on strangers online to gain attention? Don’t be silly.
6. Bitcoin is the only true godFirst came Bitcoin, then everything else.
It took me a long time to truly realize this.
Yes, altcoins occasionally outperform Bitcoin—sometimes for a long time—but basically, in the long run, everything flows towards Bitcoin.
Most people attempt to gain returns far exceeding Bitcoin's rise by trading these altcoins; perhaps less than 5% can truly achieve this.
It's like trying to outperform the S&P 500 index fund. For most people, the best way to invest is to buy index funds directly.
7. Don’t be blinded by the FOMO of herd mentalityThe cryptocurrency industry always has a way of distorting your thoughts, almost like a mental illness.
In the last cycle, many of us refused to sell an image of a set of words (NFT) for $50,000 because we thought 'it was undervalued.' Many other smart people did the same, and you were no exception.
The herd mentality is real, and going against it requires a lot of courage; you should try doing that.
8. Get more in touch with the real world, don't lose the true concept of money.From this moment on, try to broaden your horizons and spend some time with people outside the cryptocurrency industry.
1 SOL or 0.08 ETH may not seem like a lot of money (there is indeed a unit bias), but think about how much you can accumulate daily or yearly, and then think about what you can do with that money in real life.
Moreover, most people feel very excited about getting a 10% return on investment within a year, which is taken for granted.
In fact, this number is a good return rate, but cryptocurrency has distorted all concepts about investment return rates and so on.
9. Value the compound effect and seize certain opportunitiesThe compound effect is astonishingly powerful.
In fact, you don't need to find a 100-fold increase; usually, just a few doubles are good enough. Achieving compound growth at 10-50% per year is also quite challenging (think about it, have you ever considered the crazy extent of high percentage compounding after many years?) (Odaily Planet Daily note: This refers to explosive growth similar to exponential growth).
Another saying is: 'Most people overestimate what they can achieve in a year and underestimate what they can achieve in ten years.'
Here are 10 tough lessons I learned after paying millions of dollars in tuition.
Undoubtedly, each cycle in cryptocurrency will prompt you to perform better in emotional management.
For me, 2021 was a disastrous year. At that time, my assets reached seven figures, but in the end, I almost lost everything.
By the time of this cycle, my investment performance improved, although the drawdown was still unexpectedly, but I managed to retain most of the investment gains. In the crypto space, you can never stop learning.
1. Selling early is better than selling lateI have never regretted selling a coin too early, but I always regret not selling in time to lock in profits.
Instead of selling too late and ultimately gaining little, it’s better to gradually take profits and reap the rewards.
2. Take profits when you need toThere have been many times when I chose to exchange profits for stablecoins, only to get caught up in the vortex of chasing the next investment game.
However, when I exchange it for fiat currency or other 'real world' investments, that money may temporarily be immovable (for security reasons).
I think it also depends on each person's different personality.
I am someone with ADHD, so the more measures I can introduce to prevent impulsive decisions and make myself think, the better it is for me.
3. Complacency is fatalThere was a time when I deceived myself into thinking I was making money, but in reality, I earned too little.
Yeah, today I took $100,000 off the table again—'Look how great I am, Mom! I'm making money!'
In fact, I still hold millions of altcoins with only paper gains.
I found myself often looking at portfolio value as a comfort, rather than the actual stablecoin weight of that portfolio—which is a more important indicator for preserving wealth.
Undoubtedly, the biggest killer in the crypto space is complacency.
Ignoring warning signs = complacency;
Not making profits = complacency;
Slow reaction to new information = complacency;
Poor planning = complacency;
99% of the mistakes in the market can be attributed to some form of complacency.
4. Respect every pennyThat day I saw this tweet and it resonated deeply with me. (Overseas influencer Loopify previously stated that people really do not understand how valuable having $1 million in cash reserves is. Even with a successful career, it takes a long time to earn that. If you become a top person in your field with an annual income of $400,000, it may take 5 years to accumulate; if you can earn $200,000 a year, it would take about 10 years to achieve that).
For those in the cryptocurrency industry, sometimes we completely lose our sense of value for money.
For example, in December last year, I made a trade that earned me $1.7 million back and forth. Now, I really wish I had half of that wealth at the time.
At that time, I felt that money was not important because it's easy for people to be influenced by such excitement.
Always stay awake (even in crazy moments), cherish every penny, because one day you will cherish this money even more.
5. Gradually accumulate compound interestMost mistakes in the market fundamentally stem from the pursuit of quick (and 'easy') returns.
But the wealth accumulated over the long term actually comes from the compound returns earned over time.
You should treat each trade as a 'gamble,' aiming to increase your overall chips (like in poker).
6. Don’t be confused by target prices or profit goalsThe market doesn't care about the target prices you set arbitrarily, whether it's a specific dollar value or a multiple. Chasing targets is a surefire way to lose.
If at any moment you truly reach the target price, then sell it. Don't be greedy, and don't change your profit target.
At least pursue a new target price with fewer chips and protect your trading principles.
7. Set stop-loss indicatorsAt the end of last year, I made significant progress in this area. But there was a time (especially in March 2024) when I still did poorly; more effective stop-loss measures might have avoided much pain. It could be as simple as setting a predetermined HTF (high time frame, meaning a longer trading time range) support level/moving average line and reducing positions when the structure breaks; it can also be more advanced, such as identifying LTF (low time frame, meaning shorter trading time range) loss momentum and reloading while the market rises.
In trending markets, this usually works quite well. But at least have some form of stop-loss indicator, rather than waiting for your position to go to zero.
8. Don't borrow confidence from othersEvery time I bought cryptocurrency based on someone else's opinion (rather than my own judgment), the outcome was not satisfactory.
Refer to others' ideas—but independently verify and establish your own views and beliefs.
Otherwise, you will end up holding tokens that you have no real faith in or don’t know what to do with when that faith is tested.
9. Don’t hold onto any altcoins for too longInvesting in altcoins is a bit like a maze.
Your default mindset should be that every time you buy, you are making a trade between altcoins and dollars. (Odaily Planet Daily note: Pay attention to the exchange rate changes between altcoins and dollars at this moment to judge their possible price trend.)
I like this way of thinking because it formalizes the need to develop a clear profit-taking/stop-loss plan. Many people may slack off in this regard.
"Investing" is not an excuse for poor risk management. A trade can last anywhere from 3 days, 3 weeks, 3 months, to 6 months, and in some cases even 12 months.
But please note, this is just trading, and your ultimate goal is to accumulate more BTC or other capital.
10. Don't use leverage for contracts just for the sake of riskSince this cycle began, I've only had 2 sleepless nights, both occurring when I held a lot of leveraged contracts.
Only use leverage to manage risk (like hedging), not to take on more risk.
If you plan to hold for the long term, spot trading is relatively more suitable.