2026-01-13 13:24:12

In 2017, I only put 2000 yuan into the crypto world, and now my account has grown to 36 million. It sounds like a dream, but over these 8 years, I have indeed experienced liquidations, drawdowns, sleepless nights, and countless anxieties.

One pitfall after another, paying tuition fees one after another, I finally extracted six rules from painful lessons. Understanding one of these can help you lose ten thousand yuan less; truly grasping three can help you avoid 90% of market traps.

**Rule 1: Rapid rise and slow decline, don’t rush to cut losses**

The coin price suddenly surges up, then slowly moves down—many people think it’s topping out, but in fact, that’s the market absorbing funds. What’s the real dangerous signal? Volume surges with a straight upward move, then suddenly dumps—this is when the main players harvest the retail investors.

**Rule 2: Rapid decline and slow rise, never bottom-fish**

A sudden crash followed by a small rebound might look like a bottom, right? Wrong, that’s most likely a false signal before the main players offload. The feeling of “it’s not falling anymore” is the most deceptive; the market exploits investors’ wishful thinking.

**Rule 3: Volume at the top isn’t scary, but no volume is terrifying**

Volume indicates the bulls and bears are still fighting; the game isn’t over yet. But if there’s no volume? The main players have already left, leaving behind a mess and air prices.

**Rule 4: Volume at the bottom doesn’t mean much, whether it can be sustained is key**

One day, volume suddenly explodes, but that doesn’t mean the trend has started. The real sign of building a position is continuous volume, especially after a long consolidation, that’s when the main players are really working.

**Rule 5: Candlestick charts are fake, volume reveals the truth**

Price fluctuations are essentially a mirror of market sentiment. To truly understand the market, start with volume. Volume doesn’t lie; it directly reflects the true intentions of market participants.

**Rule 6: The highest realm is “nothing”**

Without attachment, you can hold a flat position and wait without being forced to enter; without greed, you have the courage to take the last bit of profit when it’s time to take profits; without fear, you dare to act when a good opportunity appears. Controlling emotions is a hundred times harder than studying candlestick patterns.

From 2017 to now, 2920 days have passed. I’ve gone from a complete novice who couldn’t understand anything to where I am today. The summary is: those who truly make money in the crypto world are not the smartest, but the ones who can hold their patience the longest.

Opportunities are never lacking; what’s missing is a sense of direction. Without direction, no matter how many opportunities there are, they’re all useless.

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.

11 Likes

Reward
11
8
Repost
Share

Comment

0/400

SerumSquirter

· 14h ago

Turning 2000 yuan into 36 million, honestly, it's just luck and patience, but who can really hold it in? --- Article 6 is amazing—no obsession, no greed, no fear. It sounds easy, but actually doing it can be deadly. --- I believe that true strength lies in the real situation; K-line charts deceive too often. --- I've stepped on too many pits with the rapid decline and slow rise strategy. Now, when I see a rebound, I just want to run. --- Controlling emotions is a hundred times harder than reading K-line charts. This really hits home. --- So, the strategy is to stay in cash and wait. But the problem is, waiting makes your heart itch. --- Volume surges straight up and then suddenly dumps—I've seen through this routine, but it's still easy to get caught. --- Holding in patience to make money, but if you can't hold it, you'll just learn a lesson. It's that simple.

View OriginalReply0

fren_with_benefits

· 01-13 13:54

Bro, you're right, it's just about holding it in. I've been through a lot these years. Turning 2000 bucks into 36 million, how many epic waves have I experienced? Honestly, volume is the real truth; candlesticks are just deceiving. I truly understand the idea of trading without obsession or greed. How many times has it been ruined by losing control? Wait, you're saying the ones who can hold back and make money are... the ones sitting in cash and lying flat? Understanding this logic costs a lot of tuition, but it indeed helps avoid 90% of the pitfalls. That last sentence hit hard. Without direction, no matter how many opportunities there are, it's all useless.

View OriginalReply0

PensionDestroyer

· 01-13 13:51

2000 bucks turned into 36 million, this story really makes my heart itch, but I feel like most of the time I’ve been repeatedly cutting my losses I deeply understand not to bottom fish; every time I think it’s the bottom, it drops another half, a bloody lesson Honestly, that last sentence was brilliant — it’s not smart people who make money, it’s those who can hold back the most that make money, I agree In terms of volume, indeed, the K-line tricks me every day, but the trading volume has never lied to me Achieving a state of no obsession and no greed is really difficult, I’m still stuck in the cycle of greed

View OriginalReply0

DegenWhisperer

· 01-13 13:46

2000 bucks turn into 36 million, I've heard this story hundreds of times, and every time I ask myself why I didn't catch up That's right, volume indeed doesn't lie, but being able to persist without moving is truly being a tough person The sixth point is the most heartbreaking: no obsession, no greed, no fear... Easier said than done to actually do I just want to know how I managed to get through those few margin calls, how strong my mental resilience must have been Holding back and not moving is more valuable than any technical or fundamental analysis, but unfortunately most people simply can't hold back

View OriginalReply0

GasFeeBeggar

· 01-13 13:45

2000 to 36 million? Is this guy really not bragging? Why do I feel like I'm listening to a story? Holding steady without moving is really harder than anything else. Every time I try to operate, I end up losing everything. These rules are pretty good, but who the hell can actually follow them in practice? Does volume really not lie? I see the trading volume increase, but I still get caught multiple times. No obsession, no greed, no fear—easy to say, but doing it is deadly. Just want to know how many times he got liquidated in these 8 years before he finally figured it out. I'm a bit skeptical, but also a bit convinced. After all, the crypto world is just that crazy.

View OriginalReply0

JustHereForMemes

· 01-13 13:45

To be honest, I totally agree with the point that it's hard to hold back sometimes. I lost several rounds of money because I impulsively cut losses. Turning 2000 yuan into 36 million yuan—how many times did I experience a mental breakdown? Regarding volume, indeed, many people only look at the K-line, which is completely self-deception. When there's no volume, you really need to run; it feels like everything is about to collapse all at once. Controlling emotions is more difficult than watching the market; I have experienced this too deeply and still get caught in traps. The hardest part is knowing when to stop and when to be out of the market. That state of "nothingness" is beautifully described, but how many can truly achieve it? The biggest lesson learned is that greed during rapid rises and falls leads to losses; in the end, all lost in one go.

View OriginalReply0

AirdropDreamer

· 01-13 13:44

2000 bucks turning into 36 million, honestly, that's a bit exaggerated, but those who can really make money are the ones who can hold back and not move. I agree with that. I just can't understand why some people cut their losses during a rapid rise. Isn't that just giving money to the big players? It looks very right, but when it comes to actual trading, it's still easy to get caught up in emotions. Volume is much less deceptive than candlestick charts. I like the idea of having no obsession. Many people miss opportunities because of greed. Being able to hold back is truly more valuable than being smart. The people around me who make money are all those who quietly get rich. Wait, have you really taken every step correctly in these 8 years, or have you also had some blind spots? The key is actually not to chase highs or bottom fish. It sounds simple, but it's hard to do.

View OriginalReply0

SandwichTrader

· 01-13 13:26

2000 yuan to 36 million, that's just too outrageous. Why don't I have this luck? That's right, stop-loss is a thousand times harder than catching the bottom. I just got wiped out by premature cutting losses. Regarding trading volume, I still haven't figured it out, I'll keep studying. I've seen point six, this is the real deal. Emotional management is the biggest enemy. The secret to making money is to hold back. That hits home.

View OriginalReply0