Having been in the crypto world for ten years, I've seen all kinds of scenes. From beginners chasing every rise and fall to now relatively rational participants, my deepest insight along this journey is actually very simple—living is always more important than making quick money.
Many people don't understand why I say this. The projects with the highest discussion in communities and the targets being wildly reposted on Twitter seem like the hottest trends, and missing out might mean missing an entire cycle. This FOMO feeling, I’ve experienced it too. But after ten years, I’ve learned a very painful truth: the most lively places are often the easiest burial grounds for newcomers.
Why is that? It’s simple—when KOLs are lining up to post project videos and retail investors rush in, it’s actually the main players with full chips who are gradually cashing out. During the 2021 animal coin frenzy, I saw someone in a community bragging about making 10x, and many followed suit and rushed in. The result? Those who bought at the high saw the coin’s price drop to zero. This is the information asymmetry in the crypto world—always so cruel. The "hype" that the public sees is mostly a carefully designed harvesting mechanism. True opportunities are often hidden in quiet places that no one discusses or even mocks.
Another misconception is the obsession with "making quick money." In the early days of entering the circle, I was also addicted to short-term trading, watching candlesticks daily, chasing every rise and fall on five-minute charts, afraid of missing each wave. But what happened? Small profits from a few trades were wiped out by one big misjudgment. Later, I realized that what’s truly valuable in crypto isn’t the trading techniques but patience. Those who can consistently profit never chase "daily gains," but instead hold their positions for long cycles, measured in years.
So, I want to say finally: the crypto world is never a place where you can make money just by effort, nor is it a channel for ordinary people to get rich overnight. If you treat it like a casino, you’re likely to lose everything—nine times out of ten. But if you see it as a place for cultivation, learning to control desires and respecting market laws, you might actually achieve returns beyond expectations. Those operations that feel uncomfortable or counterintuitive might just be the key to helping you navigate through bull and bear cycles.
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WhaleWatcher
· 9h ago
The ten-year veteran says something interesting, but this set of theories sounds good, how many people can really do it?
Living is important, but who didn't start out aiming for quick wealth?
I was also in the animal coin wave, but I made a profit. The key is when to get out.
Short-term trading is indeed easy to lose money, and holding long-term doesn't necessarily guarantee profit. These days, all coins are scams.
That's right, high-heat areas are indeed dangerous. But obscure coins aren't necessarily opportunities; maybe no one wants them at all.
Cultivation ground? Haha, sounds like meditating. Still, it all depends on information and luck.
I think the most truthful thing he said is: the casino mentality results in nine out of ten losing. That's definitely true.
This guy's logic is smooth, but how many people in the crypto circle can overcome human nature? Anyway, I'm still chasing the rise.
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DataOnlooker
· 9h ago
Ten years of sharpening the sword sounds reasonable, but it's really hard to do.
I also lost money on the animal coin wave. Now I instinctively avoid those recommended by queues.
Casinos are still training grounds. Honestly, it depends on whether you can control your chips.
Living is more important than making quick money. This really hit me.
In fact, most people can't tell the difference between hype and traps. When they get caught, they're still thinking if this is the next opportunity.
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StablecoinArbitrageur
· 10h ago
honestly the part about kols dumping while retail fomo'd in hits different... seen the order book depth collapse literally seconds before the rug pull. correlation between twitter volume and liquidation cascades? usually 0.87+ in my datasets. patience really is just compounding micro-edges over enough cycles tbh
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StableNomad
· 10h ago
ngl the UST collapse flashbacks hit different when you see the hype cycle repeating itself like clockwork
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PanicSeller
· 10h ago
Really, ten years of rookie experience, biting my teeth and swallowing it all.
Initially, I died in the hype, and looking back, I feel especially speechless.
That's right, the most profitable operations are often counter to human nature and deadly.
This article is exactly the same as my experience, it's heartbreaking.
Those who lie back and win are never the quick operators.
Actually, being alive is the most important thing, this statement is too absolute.
I've given up on short-term strategies, now I'm just waiting.
FOMO really kills people; just look at how many people get liquidated because of it.
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MysteryBoxOpener
· 10h ago
Surviving ten years is harder than making quick money, and that's a harsh truth.
Really, FOMO is a harvesting tool; I also learned a painful lesson from that wave in 2021.
Reverse operation is the key; when everyone is shouting, you should stay calm.
Slow money is the hard currency; not chasing daily profits allows you to live longer.
The difference between a casino and a place of cultivation lies in mindset; most people choose the casino.
Rough words but true, the biggest gain in the crypto circle over ten years is learning to wait.
Having been in the crypto world for ten years, I've seen all kinds of scenes. From beginners chasing every rise and fall to now relatively rational participants, my deepest insight along this journey is actually very simple—living is always more important than making quick money.
Many people don't understand why I say this. The projects with the highest discussion in communities and the targets being wildly reposted on Twitter seem like the hottest trends, and missing out might mean missing an entire cycle. This FOMO feeling, I’ve experienced it too. But after ten years, I’ve learned a very painful truth: the most lively places are often the easiest burial grounds for newcomers.
Why is that? It’s simple—when KOLs are lining up to post project videos and retail investors rush in, it’s actually the main players with full chips who are gradually cashing out. During the 2021 animal coin frenzy, I saw someone in a community bragging about making 10x, and many followed suit and rushed in. The result? Those who bought at the high saw the coin’s price drop to zero. This is the information asymmetry in the crypto world—always so cruel. The "hype" that the public sees is mostly a carefully designed harvesting mechanism. True opportunities are often hidden in quiet places that no one discusses or even mocks.
Another misconception is the obsession with "making quick money." In the early days of entering the circle, I was also addicted to short-term trading, watching candlesticks daily, chasing every rise and fall on five-minute charts, afraid of missing each wave. But what happened? Small profits from a few trades were wiped out by one big misjudgment. Later, I realized that what’s truly valuable in crypto isn’t the trading techniques but patience. Those who can consistently profit never chase "daily gains," but instead hold their positions for long cycles, measured in years.
So, I want to say finally: the crypto world is never a place where you can make money just by effort, nor is it a channel for ordinary people to get rich overnight. If you treat it like a casino, you’re likely to lose everything—nine times out of ten. But if you see it as a place for cultivation, learning to control desires and respecting market laws, you might actually achieve returns beyond expectations. Those operations that feel uncomfortable or counterintuitive might just be the key to helping you navigate through bull and bear cycles.