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I have to tell you the truth: making money in the crypto world seems very mysterious, but at the end of the day, it all boils down to one thing—don't let greed control your decisions. 💰
I've seen it all. Those who boast about getting rich quickly through contracts, upon closer inspection, are either suffering from survivor bias or haven't yet experienced a loss. Over time, very few traders who engage in contracts can walk away with all their gains intact. Contracts are essentially a high-leverage probability game—initial wins can make you feel invincible, but that feeling often leads to losses because the ending is already written.
If you ask me, since spot trading is more stable, what should you do if you're caught in a trap? My answer is two words—assess the situation.
The first dimension is the depth of the loss. Suppose you didn't chase the top of a crazy bull run and your cost basis remains rational, then it's not a big problem. When the market turns around, unwinding the position is simply a matter of time, and it might even double your gains. Opportunities like this are not rare in history.
The second dimension, and more critical—can you truly let go after selling? This is where the test of character lies. The true story of most losers is: they finally sell after holding on desperately, only to see the market jump, and then they get itchy again, rushing back in, only to get caught at a higher level. So the real difficulty isn't "how to sell," but "how to endure after selling."
People who make money in the market, frankly, excel in one habit: when it's time to cut, they cut decisively; after cutting, they wait calmly.
Crypto opportunities are abundant, but what is truly scarce? It's the discipline to hold back and the calm to wait on the sidelines. If you can truly do these two things, you've already surpassed 90% of people.
The cyclical opportunities in main coins like ETH and SOL always exist. The key is whether you can act when it's time to act and rest when it's time to rest. This is the secret to surviving long-term in the crypto world.