Ten years ago, I had 100,000 yuan, and now my net worth is 10 billion. This story is widely circulated in the crypto circle; many people see the glittering success but can't quite grasp the underlying logic. In fact, if you analyze it carefully, you'll find that the methodology isn't mysterious at all—ordinary people can fully understand it—especially when making investment decisions.

That year, he bet on Bitcoin, Tesla, and Vipshop. By the end of the year, Bitcoin had increased 100 times. Success came with controversy as well. But setting aside the differing opinions, just look at the results: over ten years, his wealth grew from millions to hundreds of billions. The numbers changed, but the operational logic never did.

The first rule is timing the entry. He never buys things on trending hot searches. True opportunities are always in overlooked corners—Bitcoin in 2013 was like that, DeFi in summer 2020 was like that too. When the trend is still brewing, some people are already on board; by the time everyone is discussing it online, it's already a game for latercomers.

The second rule is choosing the right track. He doesn't focus on short-lived hot spots but on tracks that can run for ten years or more. Hot topics come and go, but only those that truly change the industry are worth betting on. It's important to distinguish whether you're betting on the trend or investing in the trend.

The third, and most crucial, is cash flow. No matter how dazzling the project story, if the core income source is just trading and fundraising, caution is needed. Projects that survive the bear market are always those that can truly make money and generate sustainable cash flow.

The fourth is cognitive boundaries. Only engage in fields you truly understand. In early years, he avoided biotech; later, he also stayed away from unfamiliar tracks. You won't make money outside your cognitive range, but you can safeguard your assets within what you understand.

To put it plainly, from ten thousand to millions, and from millions to billions, the logic boils down to these four points: enter during desolation, observe during discussions, stay clear-headed during madness.

Every day in the crypto world, someone says this wave is different, and indeed the market is different. But those who truly make steady money often use the "always the same" framework. Cross-reference these points one by one—if none of the opportunities in front of you meet these criteria, then don't invest. Not investing can sometimes be the smartest investment decision.

The wind is always blowing, but only those who know where they stand won't be blown over.