Recently, I saw someone being fooled by the "Hundredfold Myth." A 22-year-old guy invested 28,000 yuan of his half-year rent into a certain altcoin, and three days later, his account was left with just over 300. Stories like this happen almost every day in the crypto market.

Having been in this circle for 5 years, I’ve seen too many extreme cases. Some are awakened at 3 a.m. by margin call messages, trembling in front of their computers calculating losses; some follow the trend and buy "dog coins," which then drop 90% in three days; of course, I’ve also seen people withstand the bear market through dollar-cost averaging and double their assets in the bull market.

The most impressive case I remember is a 35-year-old programmer whose account once had nearly ten million yuan. During the Luna crash, his assets nearly wiped out in just three days. Later, I heard he couldn’t sleep at all, and his wife had to force him to eat something.

The biggest lie in the crypto world is "easy wealth." Those who truly live well see this as a battlefield for cognitive realization, not a casino.

**Regarding risk management, here are some hard truths:**

First, invest with spare money. Divide your funds into five parts, only use one part at a time. This way, even if your judgment is wrong, you won’t be wiped out. Set a stop-loss line—sell immediately if you lose 10%, regardless of market hype.

Second, don’t be scared by short-term rises and falls. Although Bitcoin’s liquidity has improved a lot, volatility remains normal. The rhythm of the crypto market is fast, and those with unstable mindsets often cut their losses at the worst times.

Finally, beware of any promises of high returns like "moonshots." The crypto space is full of opportunities, but also full of tricks. Those promoting "capital preservation" and "steady income" often have hidden agendas.

The ups and downs of the crypto market over the past 10 years tell us that surviving is more important than making quick money.