When the numbers are dancing wildly on the screen, most people choose to follow the trend, but some have survived by adhering to six iron laws, and are doing very well.
Since 2018, I started entering the market with a startup capital of 1800 yuan, without any insider information, relying solely on reading K-line charts and honing my mindset. A friend used two years to turn an account from a novice making random trades into a 5 million level. Through years of practical experience, a consensus has gradually emerged in the crypto circle—there's no such thing as getting rich overnight. Those who can withstand volatility and keep a steady mindset are the true winners.
After seven years of repeated verification and countless trials with real money, I have distilled these six survival rules.
**Rule 1: Rapid rise followed by slow decline is usually a shakeout; don’t be left behind**
A quick surge followed by a sluggish decline is often a manipulation tactic by the big players—torturing your mentality to make you sell cheap. Novices often panic and cut losses at this point. But this move is frequently a washout routine—testing your resolve and forcing you to give up cheap chips.
What does a real top look like? A violent surge that suddenly turns into a cliff dive—that’s the moment to cut losses. Learning to distinguish these two patterns will prevent you from being pushed out before the price starts to rise.
**Rule 2: Sharp decline followed by a rebound, don’t rush to buy the dip**
A significant drop accompanied by a large bullish candle often triggers a reflexive rush to buy the bottom. But this could very well be a trap.
Rather than betting on the bottom, it’s better to miss the rebound. Big players need retail investors to absorb their sell-offs, and the rebound after a sharp decline is the easiest to trigger FOMO. Jumping in at this point often marks the beginning of catching a falling knife.
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ForkMaster
· 8h ago
Here we go again, talking as if it's real. I’ve already earned back the cost of my three kids’ formula through arbitrage in forks, which is much more reliable than this.
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1800 yuan in two years for 5 million? Why not say that the project team are all leek traders? These numbers are way off.
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I got tired of the wash trading tactics back in 2018. Now I’ve shifted to contract code auditing, which is much less risky.
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Talking about mentality sounds nice, but in reality, it’s just luck—everyone can’t avoid it when you get a few wins.
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If these six iron laws were really that effective, there’d be no need to write articles about them. I’d be financially free and raising my kids already.
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The point about bottom-fishing traps does have some merit, but the old leek traders’ evolution theory has been playing out like this for a long time.
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People who can withstand volatility do make money, but more often it’s because the project team’s betting agreements are just too outrageous.
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There are plenty of cases from 2018 where people made money by reading K-line charts. The key is which fork cycle you got in on.
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GasFeeNightmare
· 8h ago
1800 bucks can turn into 5 million, this guy's mentality is really incredible. I'm the kind of person who sells at a loss right after a quick rise without waiting.
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I've seen too many tricks of shaking out the weak, but the key is to be patient, though I honestly can't hold back.
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A sharp decline followed by a rebound and rushing in is the end of it. Every time I think I've caught the bottom, I end up with all high-priced orders.
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The six rules sound easy, but in practice, your mentality still collapses. Ultimately, it's about making small profits with a good mindset. Once it rises, you get carried away.
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I read it carefully, and there's really nothing new—just the old clichés about stop-loss and mental management. But it's really outrageous if someone can actually do it.
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ponzi_poet
· 8h ago
$1800 to $5 million? It sounds light, but those who truly endure are indeed living a different life. I believe in this stuff.
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It's either a shakeout or a trap, basically a mindset issue. Most people actually get killed by their emotions.
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Seven years of analyzing K-line charts, this guy really treats the crypto world as a career, unlike us pure gamblers.
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I've suffered too many losses by trying to catch the bottom during sharp declines and rebounds. Now I see a big green candle and reflexively run away, haha.
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The dream of getting rich overnight should wake up. Those who can stay steady are the real bosses. There's nothing wrong with that.
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Every time these practical articles are spoken with conviction, but when the market hits, they still get proven wrong. Believe it or not, I still fall for it every time.
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Just listen to that friend's story; survivor bias does exist. As ordinary people, we should just stick to DCA honestly.
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The routines of shakeouts and chopping the leeks repeat in cycles. Fresh new leeks are never lacking, and the market is just that cruel.
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HypotheticalLiquidator
· 9h ago
5 million? The risk control threshold has long been broken, and a systemic risk causes a chain reaction of liquidations. To put it nicely, it's just the group of people whose luck hasn't run out yet.
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SnapshotLaborer
· 9h ago
$1800 to 5 million, this guy really held on. I just want to know if he's still in or has already broken even haha.
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I can never tell the difference between a shakeout and a dump, I'm always the one being educated.
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During that sharp drop and rebound, I managed to buy the dip three times, and all three times I got caught. It's really frustrating.
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It's easy to talk about mindset, but damn it's hard. Seeing others make money makes me want to join, but every time I do, I get wrecked.
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The six iron rules sound intimidating, but the core is just two words—patience. If you can't hold back, everything is pointless.
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The problem is how to tell if this is just a shakeout or if it's really time to exit, there's no indicator.
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No overnight riches, but quite a few overnight liquidations.
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It sounds very reasonable, but when it comes to critical moments, I still follow the trend. That's how I keep getting repeatedly harvested.
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SillyWhale
· 9h ago
1800 yuan can be turned into 5 million... Easy to say, but how many have actually done it? I haven't seen any, anyway.
Attitude is something everyone talks about, but no one can truly achieve it.
Another article teaching you how not to lose money, but the more I listen, the more I feel like going all-in.
This set of theories looks perfect, but when it comes to actual operation... forget it, I'll just keep losing.
Shakeouts, traps—no matter how fancy the terms, they're just gambling. Who can really predict them?
When the numbers are dancing wildly on the screen, most people choose to follow the trend, but some have survived by adhering to six iron laws, and are doing very well.
Since 2018, I started entering the market with a startup capital of 1800 yuan, without any insider information, relying solely on reading K-line charts and honing my mindset. A friend used two years to turn an account from a novice making random trades into a 5 million level. Through years of practical experience, a consensus has gradually emerged in the crypto circle—there's no such thing as getting rich overnight. Those who can withstand volatility and keep a steady mindset are the true winners.
After seven years of repeated verification and countless trials with real money, I have distilled these six survival rules.
**Rule 1: Rapid rise followed by slow decline is usually a shakeout; don’t be left behind**
A quick surge followed by a sluggish decline is often a manipulation tactic by the big players—torturing your mentality to make you sell cheap. Novices often panic and cut losses at this point. But this move is frequently a washout routine—testing your resolve and forcing you to give up cheap chips.
What does a real top look like? A violent surge that suddenly turns into a cliff dive—that’s the moment to cut losses. Learning to distinguish these two patterns will prevent you from being pushed out before the price starts to rise.
**Rule 2: Sharp decline followed by a rebound, don’t rush to buy the dip**
A significant drop accompanied by a large bullish candle often triggers a reflexive rush to buy the bottom. But this could very well be a trap.
Rather than betting on the bottom, it’s better to miss the rebound. Big players need retail investors to absorb their sell-offs, and the rebound after a sharp decline is the easiest to trigger FOMO. Jumping in at this point often marks the beginning of catching a falling knife.