18 Insights for Crypto Market Investors

After years of struggling in the cryptocurrency field, I have summarized the following 18 valuable experiences, hoping to provide some inspiration for those who come after:

1. Maintain Independent Judgment

The crypto market is a "player-to-player" arena where everyone is pursuing their own interests. Do not blindly trust others; learn to think and make decisions independently.

2. Beware of Information Asymmetry

The quality of information on social media varies greatly. Paying attention to reliable sources of information and learning to discern valuable opinions is crucial for successful investing.

3. Trust Your Analysis

When market sentiment fluctuates, others' advice is often unreliable. Learn to trust your own analysis and judgment, and do not be swayed by emotional remarks.

4. Break Out of Thinking Limitations

Do not limit yourself to only listening to voices that share your own views. Actively seek out different perspectives, challenge your investment philosophy, and make more comprehensive decisions.

5. Cherish time and do meaningful things

Instead of arguing online, it's better to spend time on more valuable activities such as in-depth research on projects, practical applications, and communicating with the community. Recording investment ideas can also help you evaluate decisions more rationally.

6. Adhere to a Long-Term Investment Strategy

Do not waver in your beliefs because of others' short-term gains. Long-term investments should be measured in years; as long as the investment rationale remains valid, you should hold on. However, you should also be flexible in responding to market changes.

7. Control Trading Emotions

Excessive excitement or fear can lead to poor decision-making. Learn to lock in profits at the right moment, and do not let greed cloud your judgment.

8. Understanding DeFi Yield Sources

Before investing in DeFi projects, it is essential to understand their economic models and risk points. If you cannot explain the source of returns, you are likely the "source of returns."

9. Understanding the Power of Narrative

In the crypto market, narratives often drive prices more than technology. Learning to identify and seize mainstream market narratives can sometimes yield better returns than clinging to "correctness."

10. Avoid chasing highs

After missing early investment opportunities, do not chase high prices when they surge. Be patient and wait for the next opportunity, rather than risking buying at a high point.

11. Beware of Emotional Volatility

The excitement brought by investment returns can be addictive, leading to overtrading. Learn to control your emotions and maintain a calm and rational investment attitude.

12. Grasping the Market Cycle

Pay attention to the hot sectors at different stages of the market, and layout emerging trends in advance, rather than chasing already launched sectors.

13. Seize the opportunity to make mistakes when you are young

The cost of making mistakes is lower when you're young. Taking moderate risks can accumulate valuable experience, but make sure the risks are within a controllable range.

14. Understanding Market Operations Mechanism

Understand the "buying the dip" trap that ordinary investors often fall into in the crypto market, and avoid becoming the last buyer.

15. Be Patient

Success takes time. The example of Buffett tells us that wealth accumulation is a long-term process that requires patience and perseverance.

16. Pursuing True Freedom

Financial freedom should not be the ultimate goal. Think about how to use wealth to create a more meaningful life, balancing work, family, and personal development.

17. Weighing the Costs of Full-Time Investment

Dedicating yourself full-time to the crypto market requires a high level of commitment and psychological resilience. Consider carefully whether you are prepared to face this challenge.

18. Reflecting on the Meaning of Success

Money cannot solve all problems. Set life goals that are more meaningful than money, so that your success holds more value and satisfaction.