Many people enter the crypto market, initially fantasizing about getting rich overnight through sharp market judgments. Flipping announcements, staying up late to monitor prices, frequent trading—it's as if these actions can help catch the right wave. Until one day, a full-position bet encounters a black swan event, and the account's unrealized gains vanish in an instant, leaving a sense of helplessness that truly awakens people.

After experiencing such lessons, many seasoned players summarize similar survival rules. The three most critical points happen to be the easiest to overlook:

**First, never go all-in.** Even the most certain opportunities carry the risk of failure. Distribute your ammunition across different assets to keep the chance to re-enter the market. In practice, the position in a single asset should ideally not exceed one-third of the total funds. This is not cowardice, but a way to reserve tolerance for judgment errors.

**Second, lock in profits.** Unrealized gains are just numbers on the books; only when they are transferred to your wallet do they become real money. Many fall into the trap of "waiting for more gains," ending up on a roller coaster and losing everything. A wiser approach is: once significant profits appear, at least withdraw the principal first, then consider letting the profits run.

**Third, only invest in assets you understand.** Hot coins emerge endlessly, but blindly following trends often marks the beginning of losses. Investors who last the longest are those who focus meticulously within their knowledge framework.

The rules of the crypto market are harsh, but those who understand restraint and risk management often end up laughing last.