Can the crypto world really roll from 100,000 to 10 million? Start by stepping out of the "manic obsession."

I often hear people say, "In the crypto world, turning 100,000 into 10 million in a few years," but more people end up losing their balance due to chasing prices and panic selling, and even "going crazy." I have also gone through this stage—panicking to average down when I lost, and greedily holding on when I made a profit, ultimately getting deeper into trouble. Eventually, I slowly realized: to go far in the crypto world, you first need to learn to "stop and reflect," and then establish a stable logic. Here are a few pieces of advice from someone who has been through it, hoping to help you regain your rationality:

1. Write a "plan" before trading, don't let emotions make decisions for you.
Before each time you want to buy a coin, clearly write down "why you are buying," "at what price you will sell," and "at what point you will stop loss," as if you are setting a "rule" for trading. For example, if you are optimistic about a certain coin, set a rule like "exit if it drops below the 5-day moving average" and "take profit at 20% gain." Once you set it, strictly follow it—don’t wait until it drops to hesitate on "whether to cut losses," and don’t fantasize about "if it rises a bit more" when it goes up. Emotional trading will only lead to greater losses and confusion.

2. Capital management is a "lifeline"; don't put all your eggs in one basket.
Never heavily invest in a single coin, and don’t think about "taking a gamble to turn things around." I now invest a maximum of 2% of my principal in each trade; even if I incur losses several times in a row, I still have most of my money left to continue trading. The crypto world is highly volatile; a single heavy investment mistake could wipe out all the profits made before—preserving the principal is crucial to have the room to wait for the next opportunity.

3. Learn to "wait", it's much more reliable than frequent trading.
I used to think that "not trading means missing opportunities," so I would stare at the market every day to buy and sell, losing quite a bit on transaction fees and often buying at high prices. It wasn't until later that I understood: the truly good opportunities are "waited" for, not "snatched". For example, when the trend is unclear, it’s better to stay in cash and watch; wait until the coin price drops to a key support level and the volume picks up before entering the market, which significantly increases the win rate—patience is not "wasting time"; it's reducing the probability of making mistakes.

4. After each transaction, "review the results"; you need to understand the reasons for both losses and gains.
Don't just blame the "market conditions" when you lose, and think you're "amazing" when you profit. Spend 10 minutes every day to review: Did I buy right this time because I was on the right trend, or was it just luck? Did I lose this time because I didn't set my stop loss properly, or was I misled by news? Write these down, and slowly you'll be able to understand your own trading habits, avoiding repeated pitfalls—reviewing isn't just a "process," it's about helping you gradually optimize your strategy.

5. Stop trading when your emotions are in turmoil, don't trade in anger.
In the past, when I lost money, I would think "I need to earn it back immediately," but the more anxious I became, the more mistakes I made; when I made money, I became reckless and lost money by buying coins casually. Later, I realized that as soon as I felt anxious or irritable, I would immediately close the market and go for a run or listen to music—trading with emotions will likely lead to wrong judgments. The crypto world is not lacking in opportunities; what it lacks is the mindset to "calm down" at critical moments.

6. Set a "bottom line" for profits and losses, and don't let profits turn into losses.
Set a "stop-loss line" for yourself, for example, a maximum loss of no more than 10% in a single month. When you reach it, stop and reflect on your strategy; don't just stubbornly hold on. There should also be a "take-profit plan" for your profits, for instance, if a certain coin has made you 30%, take out half of the principal first and use the profits to gamble with the rest—don't always think about "making the last cent." Many times, securing profits is more important than being "greedy."

7. Don't put all your money into one coin; diversify appropriately to reduce risk.
Although it is not recommended to buy too many coins (at most 5-6), don't stick to just one. For example, hold some Bitcoin, which is a stable mainstream coin, and allocate a small portion to coins in potential sectors. Even if one coin drops, others can buffer the risk—"Don't put all your eggs in one basket," which is especially applicable in the crypto world.

8. Don't focus on short-term fluctuations, try "using time to exchange for space".
If you are always losing your mindset in short-term fluctuations, it is better to change to a long-term perspective. For example, regularly invest a portion of money in Bitcoin every month, or choose a few coins with solid fundamentals to hold long-term—no matter how severe the short-term ups and downs are, if you extend the view to 1-2 years, you can avoid many pitfalls of emotional trading. Behind the "get rich quick myth" in the crypto world, most are long-term strategies that can "withstand the test of time," not something gained through short-term gambling.

Finally, I want to say: there is indeed the possibility of "turning 100,000 into 10 million" in the crypto world, but the prerequisite is to first get rid of the state of being "obsessed," and establish a set of strategies that suit you and can sustain profits. This market is not lacking in opportunities, but in "awe" and "execution"—don’t pursue quick riches, learn to "move steadily," and you can go further instead. #财经 #btc