#数字资产动态追踪 # The honest truth about 8 years in the crypto circle: Why some survive while others get washed out

As someone born in the 90s, I came from Hubei to Foshan and have been messing around in the crypto market for nearly 8 years. My initial capital was just a few ten thousand yuan, and relying on some "foolish methods" that others looked down upon, I finally managed not to get wiped out. To put it plainly, there’s no real secret to success—just surviving a few more years than others and seeing through a few tricks of the big players.

I’ve observed those around me who got washed out—they mostly fell for two things: failing to see through the tactics of big funds and losing control of their mindset.

Let me share six survival rules I’ve summarized over these 8 years—I can’t say they work every time, but at least they’ve helped me avoid many pitfalls.

**1. After a big surge, a slow pullback—don’t panic**

The market shoots up and then adjusts? Don’t rush to sell. Most of the time, the main players are shaking out retail investors. The real top usually looks like this: the final crazy acceleration, then a cliff.

**2. Flash crashes and rebounds seem like opportunities, but they’re actually traps**

Prices drop sharply, then slowly recover. Many people can’t resist trying to buy the dip, but this is often a false signal of distribution by the big players. Don’t be fooled by superficial rebounds.

**3. When prices reach high levels, increasing volume isn’t necessarily scary**

When the price hits a new high, trading volume also rises, indicating genuine market participation. The most dangerous situation is actually the opposite—when the price is high but volume starts shrinking, that’s a warning sign of a decline.

**4. Sudden high volume at the bottom? Don’t believe it**

A big trade at the bottom looks like a rebound opportunity. In reality, the true bottom should be characterized by moderate but continuous volume release, not sudden spikes.

**5. Trading volume is more honest than candlestick charts**

Candlesticks are just a stage for price performance; the real market intentions are hidden in the volume. Learning to read volume helps you see through market sentiment.

**6. The highest-level operation is knowing when to hold cash**

If you don’t understand the market trend, don’t participate. If you can’t see through it, step back and rest. Chasing gains and panic selling will only drain your capital and ruin your mindset. Keep some ammunition in reserve—you’ll have a better chance to catch the real big opportunities.

Opportunities in the crypto market are always there, but fewer and fewer people survive. I hope these lessons from my years of experience can help you last longer.