The Seven Stages of Making Money in the Crypto World

In the first stage, the protective period for retail investors, buying in before a bull market means making a profit. Experiencing the charm of the crypto world, watching assets soar, feeling happy every day, eventually thinking that you bought too little, borrowing money to invest, making a huge purchase at the peak, and even with further increases, you won't think about selling. When the bear market ends, the profits have dropped and turned into losses. Self-comfort leads to the decision to hold on for dear life. In this moment, you understand "value investing."
In the second stage, after suffering losses from dead money, I started researching trading techniques, able to catch hot trends, buy and make a profit, and run away after making money. In the end, I missed out on the big market movements and only earned a small amount.
In the third phase, I delved into research, diligently studied technology, and began exploring bottom-fishing and peak-exiting strategies. However, I kept buying at lower prices, and by the time I exhausted my funds, the decline hadn't stopped. You have understood the methods of technical bottom-fishing.
In the fourth stage, one studies technology, gains a further understanding of it, and knows how to select targets, but lacks capital management skills, which may lead to encountering a black swan event and losing everything.
In the fifth stage, the mindset enters a conservative phase, fearing coins, hesitant to take action, doubting all information, starting to research targets independently, cautiously buying in, learning to observe market sentiment, beginning to understand the logic of market speculation and capital expectations, and also understanding risk management.
In the sixth stage, wash away the arrogant mindset, become humble, respect the market, and no longer be greedy. Believe that the market is always right, and being able to take away a portion of the profits is already a success. There is no longer the ambition to earn A9A8; earning is good enough, and I don't mind A6A7.
In the seventh stage, you can seize opportunities in the market's fear, recognize crises within FOMO emotions, grasp market hotspots, and understand whether coin prices are high or low. You are not greedy for the market, and even less fearful. You start not to seek to make a lot of money all at once, but rather to earn a little each time, accumulating 3-5 times from each major hotspot and 50% from minor hotspots. You understand how to stay out of the market and know when to give up, only entering when there are significant opportunities. You realize what is most important in life, and you leave the market when necessary. At this moment, you have achieved success in the crypto world. May I ask you all, which stage have you reached?