Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
The Survival Rules of a Crypto Veteran: Small Capital Wants to Survive Longer Must Know "Wait", Not "Hurry"
I have been in the crypto market long enough to understand a very harsh truth: There are no shortages of opportunities to change your life here, but there are also no shortages of people losing everything due to impatience. After 8 years of navigating this market, I have witnessed countless stories of “overnight wealth,” but the number of accounts that completely vanish is even more than double. Crypto doesn’t kill people immediately; it kills you gradually – through greed, impatience, and illusions of being a genius. In the early days of my career, I was exactly like most newcomers: – Seeing others double their accounts in a few days, I couldn’t sit still – Always feeling that missing a beat means missing the entire era The result is predictable: chasing highs – cutting lows – accounts shrinking day by day, like being bloodletted without realizing it. After paying many tuition fees, I finally understood a core truth: With small capital, to survive long-term in crypto, the most important thing is not “getting in quickly,” but “knowing how to wait.” I. Deadly Mistakes of Beginners: Not Understanding the Market but Daring to Go All-in One of the most familiar images I’ve seen over many years is: A newcomer, not even done reading a candlestick, dares to full margin, full capital. Crypto is not a demo account. One wrong trade may not kill you, but multiple consecutive mistakes will send you out of the game by the market. Many people have tasted the “sweetness” in the early bull market phase. I myself have experienced this: – Buying BTC, making profits in just one week equivalent to a month’s salary – The feeling that money comes too easily, making the mind complacent These early wins are the most dangerous trap because they lead you to think you understand the market, then start: Increasing capital Trading more frequently Using higher leverage In crypto, FOMO is the most addictive substance. The more volatile the market, the more newcomers want to jump in, falling into the classic cycle: chasing prices – getting wiped out – panicking and cutting losses. During euphoric market phases, everything seems profitable. But because of that, most don’t withdraw in time when the game changes rules. II. The News Trap: When Everyone Knows, There’s No Longer an Opportunity Many believe that “if there’s news, there’s a deal.” In reality, news reports are often the last part of a wave. In crypto, the market always: Buy the expectation – Sell the reality When good news is announced loudly, most of the big money has already entered long ago. Latecomers are just liquidity for whales to exit. This market does not operate on the logic “good projects mean rising prices.” What determines short- and medium-term prices are: Money flow Narrative Community attention level You can analyze a project with: Strong team Good technology Perfect model But if there’s no narrative, no community, no money coming in, the price remains stagnant. Conversely, many tokens with poor fundamentals are pumped with the right story at the right time, and money floods in, causing prices to soar wildly. Crypto is an economy of attention, not an academic laboratory. III. My Practical Strategy: Simple but Sustainable Over time, my strategy has become increasingly simple because I realize: The more complex, the easier to make mistakes.