In 2024, the cryptocurrency market experienced a tumultuous year filled with volatility and development, with Bitcoin breaking the $100,000 mark, opening a new chapter for the industry. In this ever-changing market, some traders lost their way due to uncontrolled emotions, poor position management, delayed information, and lack of strategies. However, there were also traders who successfully seized market opportunities and achieved considerable returns through precise decision-making, decisive actions, and deep market insights.

Amidst the alternating prosperity and decline of the market, effectively balancing risk and return, and adjusting strategies to cope with different market fluctuations are key factors in determining whether one can profit in the cryptocurrency market in the long term. The experiences and lessons of traders in the volatile and uncertain cryptocurrency market provide valuable insights. Whether adopting a robust investment strategy or speculating on short-term opportunities, risk management, strategy adjustment, and emotional control are particularly important in trading.

I am a seasoned trader with seven years of cryptocurrency trading experience. During Q1 of this year, I selected multiple potential projects, including the AI tokens RENDER, FET, and AIOZ, as well as DeFi tokens RBN, PENDLE, and INJ. By Q4, in addition to investing in IOTA, I also actively purchased DOGE, PEPE, and some political MEME coins, while holding positions in several other projects including RSR, DYDX, LQTY, and KAIA. Moreover, I pay great attention to short-term speculative opportunities (contracts), especially in November, where I increased my positions to capture the benefits of the Trump Trade and exited timely to secure profits. However, there were some regrets, such as missing the opportunity to heavily invest in SOL and MEME during the first half of the year. Although I successfully captured the gains in the first half of SUI, I was unable to fully grasp the subsequent increase. In Q4, I also achieved a record single profit of over $500,000 from Bitcoin contracts...

The road is long; investors should focus on key areas, aligning their capital scale, advantages, and market environment to concentrate on the fields that best meet current market conditions and can yield the highest returns. At the same time, it is essential to clarify the operational methods in investment, trading, and speculation, and to formulate a clear action plan (market cap range, stop-loss points, profit plans, etc.) and engage in continuous reflection. Additionally, one should avoid working in isolation and expand their horizons to include important information circles that provide macro trends, market cycles, and other insights beyond their current understanding.