Having gone through several cycles in the crypto market, I gradually see some of the industry's underlying logic. Some things can only be understood by experiencing firsthand. Today, I want to share some lessons learned through real money—hope it helps you avoid unnecessary detours.
**1. Even good wine fears a deep alley**
No matter how advanced the technology or how precise the analysis, if you hide in the shadows and say nothing every day, the only outcome is being drowned out. The information flow in the crypto space is shockingly fast; no one has the energy to dig for treasures in deep alleys. You need to learn to proactively showcase yourself—regularly share your opinions, speak on professional platforms, and let the community know you exist. Genuine gold is only valuable when placed in a prominent position; otherwise, it’s no different from scrap iron.
**2. Networking is essentially value exchange**
Attending many dinners and collecting a drawer full of business cards, exchanging promises of "more cooperation in the future." But when you really need help? Most of the time, you'll find—it's unreliable. But this isn’t because people are cold-hearted; it’s the reality of the industry. The essence of relationships is the flow of value. If you can’t offer anything, knowing many big shots is just a superficial connection. Conversely, when you truly have skills, you don’t need to actively seek out others; they will come to you. Instead of wasting effort trying to get into circles, it’s better to focus on genuinely honing your skills. When you become strong enough, the whole world’s attitude will change.
**3. Heartwarming clichés can’t fill the account gap**
When the market crashes, there are always people reciting mantras like "long-term optimism."
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
6 Likes
Reward
6
4
Repost
Share
Comment
0/400
Ser_This_Is_A_Casino
· 01-06 18:53
That's true, but those who are truly capable have already made a fortune quietly. There's no need to speak out every day...
View OriginalReply0
DefiPlaybook
· 01-06 18:51
To be honest, the second point is the most heartbreaking. I've seen too many people spend all day on Twitter bragging about their trading strategies, only to go broke because of gas fees [dog head].
This isn't about hype; it's purely a matter of worth. TVL and your account balance are two different things.
Relying on connections? Better to rely on Smart Contracts. Everyone is equal in front of code, but when it comes to slippage, really no one can save you.
This drop came a bit fast. How do on-chain data look?
Networking indeed facilitates value flow, but in this circle, the most valuable connections are actually those guys who can write Solidity.
Those who talk about long-term prospects every day are probably the ones who lose the most money.
Instead of attending banquets, it's better to study impermanent loss—that's the real cost.
View OriginalReply0
TokenomicsTrapper
· 01-06 18:48
ngl this just reads like "get rich and network magically appears" – which is textbook survivorship bias. called this exact narrative months ago when everyone started pivoting to "personal brand" cope after their bags got liquidated lol
Reply0
BakedCatFanboy
· 01-06 18:37
The pitfalls I've stepped on are truly wealth, but to be honest, I still somewhat disagree with the saying "Good wine needs no bush." Nowadays, who in the circle isn't packaged to become famous?
Even gold needs someone to lift it on a sedan chair.
It's just... the part about connections is spot on. Having a business card alone is useless; you need to be able to exchange value to truly have a relationship.
I can't hold back laughing at this motivational quote part. So many people listen to chicken soup while losing money, and in the end, there's nothing left.
---
Damn, isn't this about me... hiding at home analyzing, no one really knows what I'm doing.
---
Wait, are the experiences you mentioned really earned with hard cash? How much did you lose...
---
Honestly, you still need strength. Without strength, everything is pointless. But the key is how to quickly accumulate strength—that's the real challenge.
---
That part about dinner gatherings really hits home. No matter how many people you meet, it still feels superficial.
---
That motivational quote was perfect; indeed, it can't fill the gap in the account haha.
Having gone through several cycles in the crypto market, I gradually see some of the industry's underlying logic. Some things can only be understood by experiencing firsthand. Today, I want to share some lessons learned through real money—hope it helps you avoid unnecessary detours.
**1. Even good wine fears a deep alley**
No matter how advanced the technology or how precise the analysis, if you hide in the shadows and say nothing every day, the only outcome is being drowned out. The information flow in the crypto space is shockingly fast; no one has the energy to dig for treasures in deep alleys. You need to learn to proactively showcase yourself—regularly share your opinions, speak on professional platforms, and let the community know you exist. Genuine gold is only valuable when placed in a prominent position; otherwise, it’s no different from scrap iron.
**2. Networking is essentially value exchange**
Attending many dinners and collecting a drawer full of business cards, exchanging promises of "more cooperation in the future." But when you really need help? Most of the time, you'll find—it's unreliable. But this isn’t because people are cold-hearted; it’s the reality of the industry. The essence of relationships is the flow of value. If you can’t offer anything, knowing many big shots is just a superficial connection. Conversely, when you truly have skills, you don’t need to actively seek out others; they will come to you. Instead of wasting effort trying to get into circles, it’s better to focus on genuinely honing your skills. When you become strong enough, the whole world’s attitude will change.
**3. Heartwarming clichés can’t fill the account gap**
When the market crashes, there are always people reciting mantras like "long-term optimism."