7 Growth Stages of Making Money in the Crypto World

In the first stage, during the retail investor protection period, buying in just before a bull market means making a profit. Experiencing the allure of the crypto world, watching assets skyrocket, feeling happy every day, ultimately thinking that the amount bought was too small, borrowing money to invest more, buying in heavily at the peak, not considering selling even when prices rise significantly. When the bear market ends, the profits evaporate, leading to losses and despair. At that moment, the understanding of "value investing" becomes clear.
In the second stage, after suffering losses, I started to study trading techniques, being able to seize hot topics, buying in to make a profit, and running away with the earnings. In the end, I missed out on a big market movement, making only a small profit.
In the third stage, in-depth research, but苦学技术, started studying bottom fishing and top escaping, the more I fish the lower it goes, after exhausting the chips, there is still a stop drop, I have understood the method of technical bottom fishing.
In the fourth stage, one delves into technology, gains a further understanding of it, and knows how to select targets, but lacks capital management skills, which may lead to encountering a black swan event and losing everything.
In the fifth stage, the mindset enters a conservative phase, fearing coins and not daring to act casually, doubting all information, starting to research labels on their own, resolutely buying cautiously, learning to observe market sentiment, beginning to understand the logic and funding prospects of market speculation, as well as risk management.
In the sixth stage, let go of the arrogance, maintain humility, respect the market, no longer be greedy, and no longer wash away fear, believing that the market is always right. Being able to take away a part of the profit is already a success. There is no ambition to earn A9A8 anymore; being able to earn is good, and I don't mind A6A7.
In the seventh stage, you can seize opportunities in the market's fear, recognize the crisis within FOMO emotions, identify market hotspots, and understand whether coin prices are high or low. You start to no longer seek to make big money with every breath, but instead aim to earn a little each time, accumulating 3-5 times from each major hotspot. If you earn 50% each time within those hotspots, you understand that life is most important and know when to exit. At this moment, you have achieved success in the crypto world.