Market panic waves come one after another, but what are the truly profitable people doing?

Friends who have experienced these years know very well—every time there is a black swan event, someone always cashes out and leaves the market, only for the market to turn around and soar. During the 312 crash in 2020, when Bitcoin was halved, how many people cut losses and ran? Yet a few months later, they watched Bitcoin skyrocket to $60,000, and it was too late to regret.

What is the key issue? Many people are confused. The essence of a crash is not just a price decline, but the collapse of market confidence. These are two completely different things.

Looking at the macro perspective makes it clear. The Federal Reserve’s liquidity policy has long been set—an interest rate cut cycle means funds will eventually flow into risk assets. Bitcoin and Ethereum are already considered core asset allocations on Wall Street, not fringe speculative assets. The stability of the US stock market and clear policy expectations benefit the crypto market in turn. Data fluctuations are just short-term noise; the long-term trend is clear.

There is a golden rule in investing: the crypto world is divided into tiers. The vast majority of retail investors are trapped in altcoins and aircoins, while true wealth is concentrated in the top assets—Bitcoin and Ethereum. To make consistent profits, choosing the right track is crucial.

Practically speaking, these three methods can save you half the risk:

**Only invest in top-tier coins.** Bitcoin and Ethereum have complete ecosystems and institutional support behind them. No matter how tempting altcoins are, they are traps.

**Always keep three parts of your ammunition.** Buy the dip during declines, sit tight during rises—that’s the realm of the "old dogs"—calm and composed.

**Listen less to doomsday theories, and pay more attention to policy developments.** The macro environment determines the market’s ceiling and floor; short-term technical fluctuations are just noise.

The secret to making money for ten years is to stay the clearest-headed when the market is the loudest. Those who panic and sell at the bottom can only end up as spectators of the upward trend.