#数字资产市场动态 has been active in the crypto world for 8 years, with his initial capital of 180,000 dropping to a low of 50,000, and now his assets are worth tens of millions—I'd like to share some of the pitfalls I've stepped into and the lessons I've learned.

At 37 years old, I am from Fujian and now rooted in Hangzhou. I own three properties: one for personal residence in Hangzhou, one in my hometown for family, and another for rental income. Don’t get me wrong, I’m not a billionaire; I just used 8 years and a method that others might see as "stupid" to gradually grow my initial capital. The most impressive market cycle I experienced was earning 100 times in 3 months, directly bringing in an 8-figure profit.

This is not a joke, but a 2900-day experience repeatedly validated.

**About the bull market, people think too simply**

Many imagine a bull market as an amusement park where you can pick up money everywhere. But what happens? Greed causes overtrading, ending in chaos. My approach is completely opposite—I only lock onto one sector, only ride the main upward wave. When a new concept takes off, I focus on the leading players and opportunities for catch-up. As long as I catch one, I can profit from the entire trend. Diversification only dilutes returns.

**Cheap coins are not necessarily opportunities**

Those old coins that have fallen hard and are priced very low tempt you every day. Don’t fall for it. The market now only speculates on new stories, new expectations, and new hot topics. Cheap coins are mostly things that history has already rejected; nostalgia is the most expensive mindset.

**My painful lessons with futures**

I’ve traded futures. I’ve made single-trade profits in the 8-figure range, and I’ve also experienced countless liquidations. If you really want to play, remember these three iron rules: delete the word "full position" from your dictionary; never use leverage over 5x; stop-loss should be as natural as breathing. If you don’t follow these, the market will teach you what a price to pay looks like.

**A four-year cycle, this is an iron law**

The cycle in the crypto world is very regular. Near the end of each bull market, you must clear out all small-cap coins. If you see even delivery drivers asking, “Which coin can tenfold?” congratulations, the market top is near. If you don’t run now, the next bear market will show you what 90% asset evaporation really means.

I’ve seen too many people: celebrating the bull market for a whole year, only to have their principal wiped out in three months of bear market. I have no special talent, no insider info, just these seemingly “stupid” principles that kept me alive, and I’ve lived better than those who think they’re so smart.

So don’t always ask, “Which coin can tenfold?” First, ask yourself: if your assets drop 90% in three months, can you withstand it? Will you keep going?

The crypto market is never short of opportunities. What’s missing are those who can endure until the next spring. Market cycles repeat, but your principal and opportunities may only come a few times. This game tests not how fast you can earn, but how long you can survive.