What does it take to survive long-term in the crypto market? Someone asked me this question recently, and it reminded me of a seasoned investor.

He initially entered the market with 200,000 yuan, and now his account holds over 30 million. I asked him what his secret was, and he only said one thing: the most valuable thing in this market is never technical analysis, but whether you can control your desires. If you can manage your emotions, money will come naturally.

To make money in the crypto market, there are basically three things: don’t be impulsive, don’t be greedy, and don’t operate recklessly.

Before entering the market, ask yourself an honest question—are you investing or gambling? If you get excited and go all-in, that’s definitely gambling. True investing is about taking steady steps, not going all in with a reckless gamble.

When the market is boring or consolidating sideways? Try not to act. During these periods, it’s easiest to lose your mindset; frequent trading will only lead to repeated losses. The good opportunities are actually very straightforward, and you don’t need to watch the charts all day to torment yourself.

Most people lose money because of the word "reckless movement." When prices rise a little, they rush to buy high; when prices fall a little, they cut losses. As a result, they get repeatedly harvested by the market like a leek. The real way to survive is simple: if it rises too sharply, wait and watch; if it falls too sharply, wait and watch; if the trend is unclear, stay on the sidelines.

Position sizing and risk management are also very important. Don’t go all-in, don’t use your living expenses to play with crypto, and definitely don’t borrow money to enter the market. Use mainstream coins as the base position, and try small amounts of altcoins; even if you get wrecked, there’s room to adjust.

Many people only think about how to make quick money, but never consider how to lose less. But those who survive longer in the market always think first: how can I stay at the table? As long as you still have chips in hand, opportunities will come eventually. The crypto market indeed offers many opportunities, but it also tests human nature. Staying calm and pacing yourself is more effective than any advanced operation.

If you’re unsure about your direction or position right now, don’t force it. Stabilize yourself first—that’s the top priority.