Let me reveal the ten truths of the cryptocurrency market to you.

People often say: 'A day in the cryptocurrency market is like ten years in the real world. Ten years of working can lead to nothing, but one year in the cryptocurrency market can make you wealthy!'

But is that really the case?

Indeed, there are more opportunities to get rich quickly in the cryptocurrency market compared to traditional industries, but the hidden risks are equally immense! Many people follow the trend blindly just because they see friends making money. However, the low entry barrier leads more people to harbor the illusion of 'getting rich overnight,' neglecting the importance of risk and understanding.

As a veteran player who has worked hard in the cryptocurrency market for many years, I have summarized the (ten truths of the cryptocurrency market) in hopes of helping everyone understand reality, avoid detours, and participate rationally.

Truth 1: You might think a certain altcoin has the potential to skyrocket 100 times, but the reality is that 99.99% of altcoins will eventually go to zero.

Insight: Conduct thorough research and choose projects that are valuable and have ecological support; do not blindly chase highs.

Truth 2: When a certain project is heavily promoted as a 'money-making opportunity,' it is likely already the time for major players to offload their assets.

Insight: Learn to think in reverse, do not be swayed by market emotions, take profits in time, and avoid becoming a bag holder.

Truth 3: When retail investors are generally panicking and feel the market is about to crash, it is often a signal that a bull market is about to begin.

Insight: Market panic is a method for major players to accumulate at low prices; learn to identify bottom opportunities.

Truth 4: When you become increasingly confident about the rise of a certain cryptocurrency and prepare to go all in, it is often when the major players are closing their positions and selling off.

Insight: Stay rational, do not blindly overinvest, and learn to buy in batches and take profits.

Truth 5: You may believe that the win rate of contracts is 50%, but in fact, less than 10% can really make money.

Insight: Contract trading requires high levels of position management, mindset management, and execution; do not be greedy or blindly leverage.

Truth 6: Most people view major players as enemies, but true experts learn to dance with them and follow their lead.

Insight: Being on the right team is more important than individual effort. Following the trend can lead to greater profits.

Truth 7: Many people think making money in the cryptocurrency market is easy, but less than 10% can actually make money.

Insight: The cryptocurrency market also follows the 80/20 rule, or even the 90/10 rule. Respect the market, align knowledge with action, and you can remain undefeated.

Truth 8: Do not underestimate KOLs (Key Opinion Leaders); their expertise and market analysis can help you avoid detours.

Insight: In the era of paid knowledge, be clear about whether you are getting equivalent value. Ability always precedes making money.

Truth 9: The rise in coin prices is not only due to ecological landing and value support, but more importantly, the market's 'consensus' and 'greed.'

Insight: Supply and demand determine prices, and market beliefs and emotions have a huge impact on coin prices.

Truth 10: To get rich in the cryptocurrency market, you need to possess the following points:

  1. Luck - finding truly promising assets;

  2. Understanding - being able to hold onto coins without being scared off by market fluctuations;

  3. Taking profits - knowing when to secure profits and not be greedy;

  4. Long-termism - sticking to long-term investments and not chasing short-term gains;

  5. Cash flow - continuously earning income and steadily investing in the market.

Insight: Making money in the cryptocurrency market is not easy. Besides seizing opportunities, you also need luck, patience, and the right execution.

Summary

The above ten truths may be a bit hard to swallow, but they are valuable experiences I have summarized from years of navigating the cryptocurrency market! I hope they can help everyone understand the market better and avoid paying 'tuition'.

Remember:

  • Principal first, risk second, profit third!

  • Respect the market, maintain a good mindset, learning ability, and execution; self-discipline is the key to success!

Accept gains calmly, and losses lightly. Strive for what is necessary, and let things happen naturally!
Wishing everyone great profits in this bull market!