#数字资产市场动态 A seasoned trader’s 8-year review of the crypto world in Shenzhen: from an initial 80,000 yuan to a net worth of tens of millions, during which I also experienced the lowest point with only 20,000 yuan left in despair. Those sleepless nights wanting to give up have now become the most valuable assets.

The pitfalls I’ve stepped into and the blood-stained roads I’ve traveled over the years have accumulated into a few true insights about life in the crypto space:

**A bull market is never a game of blindly closing your eyes and making money.** Greed for comprehensive layout often becomes a breeding ground for losses. Focusing on a single track makes it easier to catch the main upward wave—when a new concept emerges, stick to that field, master the leading projects and follow-up targets, and a correct hit can fully capitalize on the trend. Blindly attacking multiple lines will ultimately lead to total defeat.

**A strict rule for choosing coins: new coins outperform old coins.** Those low-priced coins that haven’t moved for a long time have mostly lost their imagination space. Market money always flows toward new stories and new expectations. Don’t let "sentiment" drag down your account; rational judgment is the key to survival.

**Contract trading requires extreme caution.** Stories of huge profits and the risks of liquidation are often separated by just a thin line. If you really want to participate, remember three ironclad rules: stay away from full positions, keep leverage within 5x, and set stop-losses instinctively—never rely on luck.

**The cyclical law of the crypto world is an absolute truth.** The pattern of a four-year cycle has never failed. At the end of a bull market, you must clear out altcoins—this is the last insurance. When even delivery guys start asking about coins that have multiplied tenfold, the market has already peaked—if you don’t withdraw now, the 90% decline in a bear market will teach you what a price is. Without talent, insider information, the only thing that has kept me alive so far is "stubborn persistence."

Whether you can establish a long-term foothold in the crypto space, the core issue is not "which coin can double," but "whether you can stand firm after a 90% decline." Most people are stuck in a cycle trap; what’s lacking is not effort, but a lamp that points to the truth. Market cycles never stop, and opportunities never wait for anyone.