Every cycle in the crypto world eliminates a group of people. If you've been washed out recently, don't blame yourself. Honestly, given the complexity of this cycle, many seasoned players have also suffered losses.

What is the most heartbreaking phenomenon? The market is indeed rising, but you just can't make money. Clearly seeing the right direction, yet always being shaken out. This isn't because you're not smart enough; it's because your strategy is outdated.

In the last cycle, a single bold move could change your fate—that's true. But in this bull market, that's hardly the case anymore. The current market trend does exist, but the massive volatility accompanying it can easily turn hope into despair. If you keep fantasizing about a sky-high surge, you'll only be stuck in the middle of the mountain, tossing back and forth.

The easiest mistake for beginners is to mistake luck for skill. Winning once makes you think you've understood it, but that's the most dangerous moment. The correct learning path is: first learn not to lose money, then learn how to make money. Avoid full positions, reckless bets, high leverage, and impulsive buying at emotional highs—sticking to these rules doubles your chances of survival. Only by controlling losses can you have enough capital to seize real opportunities.

The biggest pitfall in the crypto world is never the market itself, but your cognitive boundaries. Don't touch coins you don't understand; that's not being conservative, it's a prerequisite for survival.

There's also a trap to avoid: chasing hot topics. When you don't understand anything and follow the trend, you're likely just taking the last punch of the market. This round, hot sector rotations are frighteningly fast—today it's AI, tomorrow SOL ecosystem surges, the day after someone is hyping RWA, and a few days later, L2 is hot again. By the time you see the whole internet discussing a certain sector, it's often the moment when the main players are quietly leaving. When you rush in, they've already started distributing.

The last skill you must develop is: paying attention to overseas first-hand news. A clear change in this cycle is that information asymmetry has become a deadly weakness. For example, positive news about an Ethereum upgrade leaks abroad ahead of time, overseas developers immediately become active on Discord, and ETH spikes by 5%. By the time domestic media reports it, it's already 8 hours late. Many people see "major good news" and rush in excitedly, only to be caught at the peak of the day.

The market is still ongoing, and opportunities are always there. The key is whether you can survive until that moment.