Having been in the crypto world for eight years, experiencing liquidations, doubles, going to zero, and starting over. The biggest insight is one sentence—making money isn’t about being super smart; it’s about making fewer mistakes and waiting for the right opportunity.

With a capital of 100,000, catching one major upward wave in a year is enough to surpass most people in the market. But the prerequisite is not to be fully invested every day. What’s the outcome of full position? Usually, it’s very grim.

The most common pitfall for beginners is insufficient understanding yet still pushing forward. Remember, don’t earn money outside your knowledge. Before trading with real funds, practice your mindset with a demo account; losing once might get you completely kicked out of the market.

When major good news arrives, don’t rush to chase the trend. The veteran’s logic is—who is taking the other side? If the good news is still in play on the day it’s announced, and the next day opens high, you must cut your position in half. Be cautious before holidays too, as the market loves to “kill” during such times.

For medium to long-term holdings, keep enough cash on hand. Sell when prices rise, buy when they drop, and never go all-in. Short-term trading should be simple and straightforward—only trade based on volume and price trends; only engage when active, avoid dead markets.

Another point—fast-falling prices often rebound the hardest. Often, panic is an opportunity. It’s not shameful to buy wrong; accept the stop-loss to protect your principal. As long as your capital remains, opportunities are always there.

Technical analysis doesn’t need to be overly deep; mastering one or two methods is enough. The biggest mistake is changing your approach every few days and ending up learning nothing.

In the crypto world, longevity depends not on intelligence but on discipline.