#Strategy增持比特币 My name is Ting Jie, I am 35 years old. Over the past seven years, I have witnessed countless people rise and fall in the crypto market, while I have accumulated 50 million starting from an initial investment of 60,000. This is not luck, but rather the result of adhering to fundamental investment principles that many retail investors often overlook.

In 2015, when the price of Bitcoin fell below $200, I decided to invest all my savings. At that time, I was still unfamiliar with trading platforms, but I remembered a saying from my mentor: "The market does not favor those who think they are smart; survival is much more important than quick profits."

Over the past eight years, I have summarized four valuable experiences:

First of all, the market volatility patterns can be quite revealing. A rapid decline followed by a slow recovery is often a trap, while a slow decline followed by a rapid rise usually indicates an opportunity. When the 2020 DEFI boom faded, UNI gradually fell from $8 to $2.5, and I adopted a strategy of buying in batches, later witnessing it rise to $40. What is truly worth being cautious about is the large sell-off after the price doubles in a single day, which often means that the main funds are withdrawing.

Secondly, trading volume is the barometer of the market. Danger often lurks at moments when the surface seems lively but the actual trading volume is decreasing. During the rise of Dogecoin in 2021, although social media discussions reached new highs, the on-chain trading volume decreased for a week in a row. I promptly liquidated my position, and three days later, the price was halved.

Third, the formation of a bottom is a long process. A 30% single-day surge during a bear market is often a false breakout, and a true bottom is usually accompanied by about two weeks of low-volume sideways consolidation. When Bitcoin was consolidating in the $3200 range in 2018, I insisted on investing $100 daily, and after six months, I managed to keep the average cost below $4000.

Fourth, giving up the "smart person" mentality is essential to see the big picture. Early on, I relied too much on technical indicators, but later I realized that candlestick charts are just a reflection of market sentiment. The main capital fears two types of investors the most: one is those who dare to buy during a crash, and the other is those who can take profits in batches during a surge. Last year, when SOL collapsed from $260 to $80, I added to my position every time it dropped by 20%, and when it rebounded to $150, I sold in batches, resulting in profits that exceeded those who held onto their investments.

I currently own a villa in Xixi, Hangzhou, but my computer is still a 3000 yuan assembled machine—this is not an intentional low profile, but a deep understanding of the importance of maintaining an "outsider" perspective in this market.

The crypto world has a harsh truth: when you think you have seen through the market, a crisis is often right in front of you; while when you acknowledge your cognitive limitations, you are actually closer to the path of success.

Once I groped my way in the dark, but now I hold the lamp that illuminates the path ahead. This lamp has been shining all along; are you willing to follow?