Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The First Lesson for Surviving in the Crypto World: Don't Think About Getting Rich Quickly; Being Able to Survive Comes First Before Talking About Making Money.



Don't wait until the bull market is full of opportunities and you've already been liquidated.

I'm 35 years old this year. I started dealing with cryptocurrencies when I was 24. From 2021 to 2023, my assets have reached eight figures.

Honestly, compared to those in the physical industry, running factories, or engaging in e-commerce, my path has been much easier.

It's not luck; it's the ten years of pitfalls I've experienced that have distilled into 8 survival rules:

Rule 1: Bitcoin is the director of the entire show

The market's direction depends on Bitcoin's movements. Ethereum occasionally has independent trends, but 99% of altcoins? They follow BTC.

So every time the market opens, I don't look at anything else first—I watch what Bitcoin is doing.

Rule 2: BTC and USDT are inverse mirrors

When the USDT price rises, it indicates people are fleeing—Bitcoin is likely to fall;

When Bitcoin surges, funds start flowing out, and this is actually a good time to exit USDT.

Understanding this relationship can help you avoid many pitfalls.

Rule 3: Midnight 12 to 1 AM is the most dangerous

This period is most vulnerable to sneak attacks. My habit is to place buy low, sell high orders before sleeping. Many times, I wake up to find my orders executed automatically.

Making money while sleeping isn't luck—it's discipline.

Rule 4: 6 to 8 AM shows the overall trend

If from 0-6 AM the market keeps falling, and from 6-8 AM it still falls—it's likely to rebound, and you might consider adding to your position;

If from 0-6 AM the market keeps rising, and from 6-8 AM it continues to rise—be cautious of a pullback; reduce your holdings.

I've used this routine for ten years with little failure.

Rule 5: Keep an eye on the market at 5 PM

That's when Americans wake up, and the market is most prone to sudden reversals.

Sharp rises and drops often happen during this time.

Rule 6: "Black Friday" has patterns, but don't be superstitious

Historical data can be followed, but the market isn't a machine—you can't rigidly apply formulas.

Remember: technical signals are just references; proper fund management is the key to survival.

Rule 7: Don't fear dips in good coins

Coins with sufficient liquidity and solid fundamentals, as long as the project hasn't collapsed, are opportunities during pullbacks.

Add more if you have funds; wait if you don't. Holding through the downturn can lead to a new rally.

Rule 8: Holding spot positions with minimal trading is truly profitable

Many people get wiped out by frequent short-term trading.

The most profitable trades I've made over the years are "hold and do nothing."

Markets change, hot spots shift, but one thing never changes—

Only by staying alive do you have the right to wait for the wind to come.
BTC-1.55%
ETH-4.59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
GigaBrainAnonvip
· 5h ago
Rich people speak with confidence.
View OriginalReply0
CoffeeNFTsvip
· 11-12 17:51
Only those who can endure will make big money.
View OriginalReply0
CryptoSourGrapevip
· 11-12 17:48
If I had come in at 24... now I also have 8 zeros, right... sigh
View OriginalReply0
PoolJumpervip
· 11-12 17:47
Just finishing and running away is really exciting.
View OriginalReply0
RamenStackervip
· 11-12 17:40
There's a bit of stuff, not much different from my previous year.
View OriginalReply0
gaslight_gasfeezvip
· 11-12 17:36
Hindsight wisdom.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)