A friend recently asked me a question: How can you survive long-term in the crypto market?

This question triggered my memories. I know an experienced trader who started with 200,000 yuan and now has an account worth over 30 million. Once, during a chat, he said something I still remember— the most expensive thing in this market isn’t technical analysis or indicator systems, but those out-of-control emotions. Keep a steady mindset, and money will come naturally.

I think he’s right. Making money boils down to three things: don’t be impulsive, don’t be greedy, and don’t act blindly. Every time you want to place an order, ask yourself one question: what is the goal of this trade? If it’s just a sudden impulse to go all-in, that’s not investing— that’s gambling your life savings. Slow down, keep your rhythm steady; it’s always safer than frequent tinkering.

Markets are most volatile and prone to issues during turbulence. At these times, the market can be especially frustrating, and it’s easy to get caught off guard. Truly good opportunities are rare, so there’s no need to watch the charts constantly. I’ve seen many people lose money because they just mess around— chasing highs and selling lows, ultimately being controlled tightly by the market. Remember this principle: don’t chase after sharp rises, don’t buy the dip too aggressively, and if the direction isn’t clear, wait.

Position sizing and risk management should always come first. Never fully commit your position, and definitely don’t gamble with living expenses or borrowed money. Keep a core holding of mainstream coins, and try small amounts of altcoins for experimentation. Even if you make mistakes, there’s still a chance to turn things around. Many people only think about how to make big money but never consider how to lose less. Those who can survive long-term in this market are always thinking about one thing—how not to be eliminated. As long as you’re still here, opportunities will always appear.

The crypto market isn’t short of stories about overnight riches, but the real test is your mindset. When feeling confused or restless, the first step is to calm down and adjust—don’t follow the crowd blindly. Steady progress is the way to go. In the end, those who succeed are always the calm and steady ones, building their foundation step by step. Keep going, and your peak of wealth will eventually come.