Having navigated the crypto world for seven or eight years, from the despair of losing everything and having to sell and rent houses due to misjudgments, to turning around with a few tens of thousands borrowed from friends and family to nearly a million in profit, the biggest takeaway from this journey is not wealth itself, but the market understanding refined along the way. Today, I’ve summarized 10 insights accumulated over these years. If you can grasp more than 5 of them, you’ll basically surpass most people in the crypto circle.

**Core Concepts of Trading Awareness**

When the market crashes sharply, some coins don’t fall but rise instead? This is usually due to the market makers protecting their positions. If you see this situation, hold on tight—subsequent gains often exceed expectations. The most important thing in short-term trading is to avoid overcomplication—macro information should be monitored, but for technical analysis, 15-minute and daily charts are sufficient. If the price holds above support, stay in; if it breaks support, exit immediately. Don’t be fooled by a multitude of indicators.

Short-term stocks that remain stagnant for three days should be reconsidered. If you buy and immediately lose 5%, cutting your losses decisively is wiser than procrastinating. The rise and fall in the crypto world are often emotionless; when the trend weakens, accept it. What about coins that have been halved from their all-time high and have fallen for nine consecutive days? They might actually be a bottom signal—rebound is just around the corner. At this point, you should dare to get on board.

**Selecting Coins and Mindset**

The leader will always be the leader; it has the strongest gains and also the strongest resilience during declines. Don’t obsess over the price—timing is key. People who get overly excited after a small profit are most likely to crash—they’re not rare, but consistent profit is hard. After each profit, ask yourself: is this due to strategy or luck? Building your own trading system is essential for long-term success.

If you’re unsure, stay out of the market. That’s not shameful; repeatedly losing money is true loss. Remember, you’re here to preserve and grow your capital, not to gamble on luck. Trading is about success rate and risk-reward ratio; there’s no need to rush.

**Risk Identification**

New coins that are hot in the market tend to rise easily at first, but once the hype fades and there’s no solid fundamental support, the decline can be rapid and unexpected. The essence of the crypto market is consensus; projects must have a genuine community of like-minded supporters driving them. Only then do these coins have long-term holding value. Otherwise, they are air coins—no matter how cheap, they’re a trap.

Regarding bottom-fishing—when coins fall without bottom, it’s better to respect the trend than to chase blood on the knife edge. The core of buying coins isn’t about getting in at a low price, but about whether the timing is truly right. After ten years in the crypto world, surviving in this market is already a win.