I have a teacher in Shenzhen who has survived in the cryptocurrency circle for nearly 15 years. I accompanied him from an initial capital of 80,000 and all the way to 80 million.
At 49, he lives more low-key than an average person, resides in ordinary housing, relies on an electric bike for outings, and even haggles carefully when buying vegetables at the market. He says that this down-to-earth attitude is what makes people feel secure.
Being able to multiply the principal by hundreds, he has never relied on insider information or luck, but solely on adhering to a few iron rules. I’ve organized them to share with everyone; perhaps it can help avoid some detours:
1. Rapid rises and slow falls hide accumulation: After the main force lifts the price, they won’t rush to dump, but rather slowly adjust to accumulate chips. When encountering this rhythm, do not panic, and don’t be washed out by small fluctuations.
2. Sudden drops and stagnation indicate distribution: A sudden large drop followed by weak rebounds likely means the main force is exiting. At this moment, do not think about bottom-fishing; it might just be a “trap” set by others leaving the market.
3. High volume at the top does not necessarily indicate a peak: Volume at the top is often a handover of chips; instead, one should be wary when there is a decrease in volume during a price drop, as it could signal the end of the trend.
4. Increased volume at the bottom is more stable: A single instance of high volume may be a lure for buyers, but repeated instances indicate that the main force has truly entered, and consensus is forming.
5. Emotion is more important than charts: Don’t fixate on complex indicators; the market ultimately relies on human nature, and trading volume is the most genuine reflection of emotion.
6. The character 'none' is the ultimate mindset: Do not cling, do not be greedy, do not be fearful. Those who can hold back from being in cash and wait are the ones who can grasp significant market trends.
The biggest enemy in the cryptocurrency circle is not the manipulators or the market, but one’s own greed and itchiness. The market is never lacking; those who can stabilize their hearts, control their hands, and guard their positions can reach the end.
Follow the right people and walk the right path to survive long-term in the cryptocurrency circle. The market is like this: either watch others feast or decisively follow Zhang Le, who will guide you to shore.
