How do you survive and still make money in the crypto market? To put it bluntly, it’s an evolution of understanding—from being taken advantage of to becoming the one who takes advantage.

**Level 1: Newbie Bonus Period (Pure Luck-Based)**

When you first enter the space, isn’t everyone just following tips and chasing any K-line spike? If you catch a bull market, your account balance shoots up and you start to think you’re a natural. But reality hits hard—profits made by luck are paid back by skill, often with interest.

**Level 2: Technical Awakening (Knowing ≠ Doing)**

After a few rounds of getting hammered by the market, you start earnestly studying K-line patterns, fundamentals, and capital flows. You learn to draw support lines and identify trends, but your hands are still quicker than your mind—you hesitate to cut losses when you should, and panic sell when you should hold. You’ve learned the techniques, but haven’t yet overcome human nature.

**Level 3: Systematic Trading (From Gambling to Probability Game)**

At this stage, you finally build your own trading framework: when to open a position, what signals to stop loss, when to sit on the sidelines—it’s all rule-based. No more blindly chasing hot topics or being led by emotions. Trading becomes about executing discipline, and profits become replicable instead of luck-dependent.

**Level 4: Capital Operation Mindset (Institutional-Style Play)**

Now the game has changed—you don’t chase short-term volatility but position yourself ahead of the trend; you don’t go all-in and bet one direction, but manage positions in layers; you don’t trade frequently, but let compounding work over time. You might start participating in primary markets, grid arbitrage, node staking, locked mining, and more… Earning money with capital’s logic, not just retail luck.

**Level 5: Value Creation Layer (Industry Participant)**

At this point, you’re no longer just a trader. You might be incubating projects, building ecosystems, operating node networks, or producing industry content… You’re no longer earning just from price swings, but from the industry’s overall growth. You’ve gone from picking up scraps at the market’s edge to laying pipelines and collecting tolls within the market.

There’s no shortcut on this path. Those who truly evolve from being “the cut” to becoming a player never rely on luck—it’s all about steadily leveling up your understanding.