I have been in this market for 8 years. I am 33 years old, born in Guangzhou and working hard in Shenzhen. I have two trap houses (one for self-use and one for rental), and I even drive a sports car that I never dared to dream of when I was younger. Don't get me wrong, I am not a rich second generation; all of this was earned with 200,000 in starting capital in the crypto market.

How bad was it in the middle? My account shrank to less than 50,000 at its worst. During that time, I stared at the ceiling every night until dawn, and several times I thought about liquidating everything and walking away. But I stubbornly relied on a method that seemed quite "stupid" and managed to roll my account up to the four-digit ten-thousand level. The most impressive time was when my bottom position held for three months and directly increased by 100 times, that operation made me truly touch the threshold of ten million for the first time.

Sounds like a fairy tale? But this is the price of nearly three thousand days and nights I've paid, having stepped on more landmines than I've seen market trends. Here are a few hard-learned lessons that I hope will be useful to those still exploring:

**Contracts are something you should avoid if possible**
I've definitely experienced it before; the most exhilarating moment was when I made eight figures. But how many times have I been liquidated? It's so many that I can't even be bothered to count. If you really can't resist trying it out, remember three rules for survival: never let your position exceed half, keep leverage within 5x, and set stop-losses more frequently than you breathe. Leverage is a double-edged sword; before you understand the rhythm, it will be the harvesting machine in your own hands.

**Bull markets are never paved with gold**
I've seen too many people grab a handful here and catch a ticket there, and in the end, they have nothing left. My approach is very straightforward: lock onto a sector and only eat the main rise during that period. For example, when a new concept gains traction, I focus intensely on that track, thoroughly researching the leading projects and the logic behind their rise. By pinpointing a core target and fully understanding an entire wave of market movement, this is a hundred times more effective than casting a wide net everywhere.

**Cycle law, don't be superstitious**
This market cycles approximately every four years, and during the end of a bull market, you must clear out altcoins! When is the peak? Congratulations, you're almost there when you see delivery guys starting to ask "which coin can rise ten times." Are you reluctant to sell at this time? The upcoming bear market will make you understand what it feels like to fall from the clouds to the ground, experiencing a 90% shrinkage in assets.

**Only new coins can make a profit**
Old coins may seem cheap, but in reality, most of them are "zombie assets" with no story and no hype. The market always chases new narratives, new traffic, and new opportunities. Don't let so-called "faith" hijack your wallet—outdated assets, no matter how low the price, are still traps.