When it comes to trading, people often equate trading with gambling. Some believe that whether engaging in cryptocurrency trading or gambling, there is a certain degree of randomness and uncertainty, hence the similarities between the two.
First, let's clarify the difference between gambling and trading. In gambling, the outcome is entirely determined by luck, and you cannot influence the result through any techniques or strategies. However, in trading, although there are risks, you can formulate strategies through technical analysis and use probability to assess risks and rewards.

In my view, the crypto space is also a pyramid; at the top are the US government, Chinese government, Vitalik Buterin, Zhao Changpeng, Li Xiaolai, Sun Yuchen, and private whales holding over 100,000 BTC.
The second layer consists of investment institutions like BlackRock and Grayscale.
The third layer is the coin issuance teams with funds and technology.
The fourth layer consists of miners, brick movers, and C2C market makers.
The fifth layer is for large holders above A8.
The sixth layer consists of experienced traders in the crypto space who engage in various airdrops and whitewashing in the primary market.
The seventh layer consists of traditional traders transitioning from the futures market and stock market to the crypto space, mainly focusing on contracts with spot trading as a supplement.

Leverage is a double-edged sword; if used well, you will run faster than others; of course, conversely, if used poorly, you will die faster than others.
After playing contracts for a long time, you will find that playing spot becomes very simple. Many beginners hope that one transaction can yield huge profits, turning 10,000 into 1 million, then from 1 million to 500,000, losing 50%, returning to 1 million, needing to double, and then back to zero, just a multiplier.
Thus, beginners are most likely to become self-satisfied, thinking they are exceptionally gifted after making a few profits, and impulsively go all in, only to return to zero. Traders who truly want to survive in the crypto market never put themselves in a desperate situation. From the moment they go all in or heavily leveraged, they are destined to be losers. I hope friends are sufficiently alert in leveraged trading +.

A friend in the crypto circle, a man from Beijing, three years ago after a phone call with me said he had blown up a contract three times with a debt of 60 million, then went silent. It turned out he was in seclusion for three years. Now, after clearing his debts, he has a few small suns and an income of seven figures monthly, with an annual income in the eight figures!
Not long ago when we met, I summarized and organized his insights from these three years, and through the last trading practice, the win rate surprisingly reached 98%. Now I share this with those who are destined to find it.
A common ailment among retail investors worldwide is holding onto losses and selling immediately as soon as they turn a slight profit. They do not look at trends or trading volumes, only at limited profits in their accounts. They need to take the opposite approach: hold onto profits and cut losses quickly. The final result is unlimited losses. My principles for taking profits and cutting losses are: take profit at 15%, cut losses if profits fall to 10%, and let profits run. If the price drops after buying and losses exceed 5% of the principal, then cut losses. If you can ensure a profit of 10% and a loss of 5% each time, then after 100 trades, even if your win rate is only 50%, your returns will reach 300%. Is it difficult? The difficulty lies in human greed and fear. Remember that understanding and action must align with the trend. Once a trend forms, there is no need for excessive analysis; you must follow it and move with the funds, without guessing or predicting. If you cannot judge the trend, look at the moving averages. The so-called moving averages divide the market into bullish and bearish phases; bullish means upward, bearish means downward. For short-term trading, look at the daily moving average; if there is a volume breakout, follow it. For mid to long-term trends, look at the weekly moving average; if there is a volume breakout, enter, and exit if it breaks. Acting in accordance with the trend means not going against it. If the market is bad, firmly stay out of positions; if the trend is downward, do not easily try to catch the bottom. Do not fantasize about being able to buy coins that will rise against the market, nor should you expect a rebound just because you bought them. The probability of such situations is too low. The core of trading coins is to only engage in high-probability events and to abandon low-probability ones. Being able to admit mistakes and control losses promptly is fundamental to surviving in the market, and its importance far exceeds not being able to profit today. No matter what method you use, mastering just one is enough. You need to use this method precisely, absolutely, and thoroughly. For short-term trading, you must look at 15-minute, 30-minute, and 1-hour candlestick charts. You can find the entry and exit points of the day based on the KDJ indicator, and you can clearly judge the intentions of the main force using the OBV indicator. The fundamental difference between washing and delivering is in the volume decrease and increase. For a coin that is strongly attacking, if a risk warning announcement appears, it can be understood short-term as 'just a volume contraction for shakeout, at least there is still a new high to expect.'

1. Once an uptrend begins, it won't easily end, so don't be afraid of the major corrections that occur early on. Boldly enter the market; the most troublesome thing is to wait for an even lower point. The longer you wait, the higher it goes, and you'll miss the opportunity.
2. In a bull market, you should often inject funds. If your position is not full, try to wait for a pullback and go all in. Otherwise, you might get a sudden jab, and most people can't bear it.
3. Make sure to manage your positions well. It is best to lay out in several key sectors because if you are fully invested in one sector and it doesn't move in the short term while other sectors are rising, it becomes very uncomfortable. If you chase after it, you'll get stuck, and if you sell out, that sector might take off in just a few days. Many people have encountered this, so either don't buy, or if you buy, you must hold firmly. Your coins will eventually rotate, and in a bull market, even the worst coins can multiply five to ten times.

People are not confused by the things themselves, but by their views on those things-- Ancient Greek philosopher
A book states: "Mediocre generals, when faced with complex environments, will list a pile of difficult problems and question marks for themselves, getting overwhelmed and unable to find direction. A true general, however, cuts through the confusion with a sharp knife, seeing the essence and crux of seemingly ordinary situations at a glance, and acts decisively." This is similar to investment decisions; excellent investors are adept at identifying the main contradictions in both the market and companies, and can see the details.
The 'logical fulcrum' that forms the overall and final decision.

I entered the market with 50,000, then to 100,000, and then to 302,000. In the third year, I reached 590,000, and in August of the fourth year, I reached 3.78 million, and in November, it exceeded 7 million.
Until a few years ago, I could easily withdraw 30 million in the cryptocurrency circle.
During that period, I hit rock bottom; at that time, I reached around 4 million at my peak. At that moment, I thought I could be considered a big shot in the crypto world, and I resolutely quit my job to focus on trading, even borrowing money to trade. However, reality gave me a harsh slap in the face. The financial crisis not only made me give back all my profits but also left me with a mountain of debt, forcing me to sell my house, and my wife almost left me.

The circle is the same; with Bitcoin standing out recently, the profit effect continues to attract outsiders, and more traditional industries and clueless newcomers are flooding into this field because of the potential for making money and getting rich quickly.
Mixed feelings, sigh, for me personally, more worries than joy. Why do I have such thoughts? Because I have experienced enough!
For example, during the National Day holiday, many friends and relatives whom I haven't contacted for many years, whether by phone, WeChat, or offline, no fewer than five people, have been curious about what I have been doing over the years. They came to ask me the same question: that is, I should hurry to open an account during the long holiday, as the national policy is so favorable, the global financial market will flood with liquidity, and a bull market in the stock market is coming, etc. They are eager to make a profit in the stock market.

Rule 1:
Invest small amounts to avoid going all-in. Unlike mainstream markets, the high volatility of the market dictates that we should not 'go all-in'. Unlike traditional investments, the risk of projects going to zero here is extremely high, so small amount investments are a rational choice. One important significance of investing small amounts is that even if a project encounters problems, the losses can be controlled within an acceptable range. In the market, keeping enough 'backup' is particularly important; this is not only key to protecting the principal but also a sign of alertness and respect towards market risks.
Rule 2:
Act promptly, make decisive decisions. In the low market, the timeliness of information is particularly important. Once an opportunity is confirmed, act immediately without hesitation. The market changes rapidly, and prolonged waiting may lead to missed opportunities. In the market, opportunities often vanish in an instant, and excessive hesitation may cause you to miss potential high-return projects. Decisive action is not blind following; it is based on careful evaluation of projects and a keen grasp of market dynamics. Every choice must be accountable for your judgment, but after choosing, you must act swiftly to seize the advantage in an uncertain market environment.

In the last bull market, I made 32 million. Let me share my experience of making my first bucket of gold in the cryptocurrency space. Male, born in 1990, graduated from university in 2014, worked in Shenzhen, and entered the cryptocurrency space in early 2016.
Currently, I have a house in Shenzhen, three cars, and I can take out 100,000 for consumption each month without pressure, while most of my other assets are in the exchange.
I previously worked in e-commerce in Shenzhen, earning about 20,000-30,000 a month, with monthly expenses over 10,000. I could save about 10,000-20,000 each month. Like many 'migrant workers' in Shenzhen, I wanted to buy a house there.
However, with this level of income, saving for a down payment seems like it will take forever. Job income has its limits, and it's hard for wages to rise significantly.

Is Ethereum really in decline? Is it difficult to replicate the glory of past years? Will a new round of paradigm innovation in the Crypto industry occur within the Ethereum ecosystem? This article will take you back to the origin of the Crypto industry—Bitcoin, to reflect on Ethereum and the entire industry, and to explore where the path to revitalizing the Crypto industry might lie?
Escaping the inertia of Ethereum First, no one can completely deny Ethereum! Ethereum has its value and pioneering significance, and smart contracts have indeed opened a new chapter for the entire crypto industry. At least before the birth of Ethereum, most projects in the crypto industry were just poor imitations of Bitcoin. They simply modified a few parameters of Bitcoin's code to create larger block Bitcoin, faster Bitcoin, or more private Bitcoin, etc. Essentially, they were just simple knockoffs of Bitcoin. The concept of altcoins basically encapsulates all Crypto projects before the birth of Ethereum. After the birth of Ethereum, the entire Crypto industry entered a wave of Ethereum knockoffs. Since 2015, countless so-called public chains have been born, such as larger block Ethereum, faster Ethereum, better-performing Ethereum (including Layer 2), etc. Moreover, the so-called ecosystems of each public chain are basically replicas of the Ethereum model, merely DeFi, GameFi, various L2s, modularity, etc. Now, retail investors have become desensitized by various cleverly named and diverse narrative concepts that have repeatedly harvested them, so they simply don’t believe anything anymore and only play the simplest and most straightforward memes. Although everyone knows they won't last long, at least they can enjoy a thrilling gamble!

The largest digital asset briefly fell below $87,000 on Friday after Federal Reserve Chairman Jerome Powell said there was no need to rush to cut interest rates. That put the token about $6,500 below its all-time high set on Wednesday.
In the derivatives space, K33 Research said the premium of bitcoin futures listed on the Chicago Mercantile Exchange over spot market prices has fallen. U.S. institutional investors use these contracts to take positions on the original cryptocurrency. Open interest, or open interest, for put options surged in 24 hours at an $80,000 strike price, according to Amberdata.

In the cryptocurrency world, there are many ways to play. Let me tell you about a few common ones so you can understand them at once!
1. The method of hoarding coins
This is simple. Just buy the coins and leave them there, waiting for them to rise slowly. Half a year, a year, or even longer, if you hold them patiently, you will get a good return. But the difficulty is that many people want to sell when they see the price rise, and get panic when they see the price fall, and they simply cannot hold for a long time. Therefore, hoarding coins may seem simple, but it actually tests your patience.
2. In a bull market, chase the rise and sell the fall
In a bull market, take some spare money to play around, don’t invest too much, just one-fifth or less. Find some coins with moderate market value, and when they rise, switch to the next one that falls, and repeat the cycle. Even if you are trapped, you can get out of it in a bull market. But remember, the coins you choose can’t be too rubbish, you have to be careful when playing this game.