Why can some people turn 5,000 USD into 500k USD, while others end up losing everything and only have 5,000 USD left?

The difference isn't really in skill; it's whether you have a set of rules to survive and turn things around.
Many people, when they enter the crypto world, their first thing is to look for the "secret to getting rich quickly." $EVAA
Today chasing hot topics, tomorrow rushing into new coins, the day after going all-in.
If you're lucky, you can make a couple of quick gains, but eventually, there's always one trade that wipes out all the previous gains. #沃什首秀美联储利率不变
The ones who can truly grow their money rely not on a single gamble. $SPACE
It's these principles below, which may seem simple, but when it counts, they can save your life.
First, a strong coin falling for seven or eight days in a row isn't necessarily a bad sign.
Many people panic when they see a drop.
But a coin with real value, after a continuous decline, often suddenly shrinks in volume, which usually means the main players are shaking out the weak hands.
In this situation, trying a small position is easier to profit from the subsequent rise.
Second, if a coin rises for two days in a row, remember to take some profit.
If you’re reluctant to sell, the market will do it for you.
Take half of your gains off the table first, and hold the rest.
Only by putting the profits in your pocket first can you hold on to the rest.
Third, don’t get caught up in a coin that surges wildly.
A 7% or 10% increase in a day, looking tempting, often leads to jumping in and catching the last wave.
I only do one thing: if it pulls back the next day and can still stabilize or even continue to volume up, then that’s truly strong. #SpaceX市值超越微软跻身全球前五
Fourth, if there’s no movement for three days, just switch.
The most expensive thing in crypto isn’t losing money.
It’s holding onto a dead coin that doesn’t move, watching others make gains every day.
Fifth, cut your losses at 5%.
Don’t add to your position, don’t deceive yourself into thinking it will come back.
If you’re unwilling to accept this 5% loss today, the market will make you lose 50% later.
Sixth, high volume at low levels should be watched closely; high volume at high levels means you must run.
Volume at the bottom indicates someone is secretly accumulating.
Volume at the top indicates someone is quietly selling.
If you can’t tell the difference, no matter how much you earn, it’s just passing through.
The people who finally make money in crypto are never the smartest.
They are the ones who follow the rules best.
When others are reckless, they dare to hold no position; when others go all-in, they leave themselves a backup plan. #Gate现货交易量增幅全球第一
The reason I’ve been able to grow from a few thousand USD to where I am now over the years isn’t some special talent.
It’s simply that I realized one thing earlier than others: in crypto, surviving is always more important than making quick gains.