The market specializes in curing various discontents.
I still remember the first time I experienced a bull market, that illusion of heart racing - thinking that a red market was a ticket to a money printing machine. It wasn't until I saw my account assets evaporate by 30% in three days that I understood that beneath the red candy coating of the bull market lay the teeth that could swallow all profits.
The first realization: ghost stories are meant to scare newcomers.
When BTC plummeted from $68000 to $47000, the community was filled with ghost stories of 'regulatory strangulation' and 'exchange runaways.' A friend of mine who had been hoarding coins for three years finally broke down and sold after 25 days of sideways trading, comforting himself with the thought that 'breaking even is good enough.' The next day, after he sold, the market began to quietly recover.
At that time, I stayed up all night reviewing on-chain data and found that whale addresses continued to accumulate during the sharp decline. I suddenly understood: what the main force fears the most is not the crash, but retail investors refusing to sell at all. So I divided my monthly investment amount into ten parts, adding one part for every 5% drop, which avoided catching a falling knife and ensured that my cost basis continued to decrease.
Second realization: Fluctuations are a filter that eliminates gamblers.
The mid-term market will turn into a high-speed oscillating machine. I remember a certain popular DeFi token dropped 30% in five days, yet the community suddenly started posting 'a pullback is just a chance to get in'. I had a newbie friend who, caught in FOMO, went all in, only to be washed out in the subsequent 10% oscillation.
This phase tests your composure the most. My strategy is to never allocate more than 2% of total capital to any single trade, and set a hard stop-loss before entering. Just like playing mahjong, you can afford to lose small amounts ten times, but you must ensure that winning once covers all losses. Once, I caught a small coin rebound and after realizing a 20% profit, I immediately withdrew and bought a massage chair—only physical assets can remind you that 'profits actually exist.'
Third realization: The carnival is the prelude to the crash.
The most dangerous moment is always the end phase. A certain highly sought-after Layer 2 token experienced a 20% drop amid bad news, and nearly all KOLs were shouting 'the last drop'. But I noticed that the turnover rate suddenly surged to 300%, and there were many newly registered accounts on social media platforms acting as pump bots.
At that time, I immediately did three things:
Withdraw the profit portion to a cold wallet, leaving only the principal in the exchange;
Set a trailing stop-loss for the top five tokens in your portfolio;
Uninstalled the trading software and forced myself to take a three-day break.
Later, when that token went to zero, I was extremely grateful for this 'mechanical operation'. The market never lacks opportunities; what it lacks is players who can survive.
The underlying logic of survival.
After experiencing three rounds of bull and bear markets, I summarized three hard-learned lessons:
Don’t fall in love with the market.
Take profits regularly and withdraw funds; don’t believe in 'holding until the end of time.' Someone once accumulated animal coins at the peak of a bull market, but couldn't even pay the transaction fees during the bear market.
Beware of perfect narratives.
When a project is packaged as 'perfect and flawless', be wary of wash trading. Once, I discovered that the trading volume of a certain NFT project was concentrated from five addresses, and I decisively avoided the subsequent 90% decline.
Maintain a steady life rhythm.
I insist on exercising for an hour every day, even during the wildest bull market, I don’t stay up late to watch the market. A healthy mind and body can help you avoid 90% of impulsive decisions.
Now, looking at the K-line fluctuations, it feels like watching the rise and fall of tides. The real winners are not those who catch every fluctuation, but those who get ashore before the tide goes out. Those seemingly conservative rules are precisely the sharpest weapons in a crazy market.
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