Sometimes in this market, the most profitable traders are not those who consider themselves clever. I have been in the crypto space for over eight years, witnessing too many people rushing in with hopes of overnight riches, only to lose everything due to overly frequent trading.

In the first three years, I also experienced a massive 70% loss. Thinking back, those days still sting a bit. Later, I gradually realized — those who can survive in this market are often those who can control themselves, not the trading maniacs constantly chasing gains and cutting losses.

**How the market punishes overconfidence**

Recently, Bitcoin plummeted from a high of 12.6K to 8.1K in less than a month, evaporating over 36%. Traders heavily leveraged? They were directly forced out. According to on-chain data, over 230,000 accounts were liquidated in the past 24 hours, involving over $1 billion. This kind of scene has played out countless times in the crypto world. In March last year, Bitcoin surged to 69K, then repeatedly fell below 64K, 62K, and down to 60K, with more than 300,000 traders being liquidated in this round.

Why do the self-proclaimed smart people always lose money? One word — overtrading. They always think they can precisely grasp each wave of the market, but little do they realize that the market’s best skill is to shatter such illusions.

**Simple methods summarized over the years**

After so many years, I’ve found that the seemingly "dumb" approaches are actually the most effective. For example, daring to act during market panic often presents real opportunities. When Bitcoin falls below the average cost of short-term holders, it might actually be a good entry point for long-term investors. Instead of trading frequently for quick profits, it’s better to learn patience and find the rhythm between greed and fear.