#ETH走势分析 knows an old buddy, a native of Shanghai, just over 40 years old. He started investing in crypto 7 years ago, starting with 500,000 yuan and learning through trial and error. Now his portfolio has surpassed 50 million. It sounds like a joke, but his approach is actually quite down-to-earth—he didn’t take shortcuts or rely on insider information, just stuck to a few simple principles to the end.
This guy now owns 5 apartments: he lives in one, his parents in another, and rents out the remaining three. His life is pretty steady—monitoring the markets every day, reviewing trades, occasionally having a meal with us. Last week, he said something during a chat: “There are many ways to make money in the market, but the ones who survive usually just stick to a few of the simplest things.”
Later, he broke down a few of the insights he’s gathered over the years, which I found quite interesting, so I wrote them down:
**On Sensing the Rhythm of Price Swings**
If you see a coin surging hard, but the pullback is unusually mild, there’s a good chance big money is quietly accumulating. At times like this, don’t rush to sell—be patient and observe what the main players are doing. On the flip side, if the price drops like a waterfall and the rebound is as slow as an old ox pulling a cart, that’s a sign of distribution—don’t try to catch the falling knife.
**You Need to Read Volume at the Top**
Heavy volume at the top isn't necessarily a sign of the peak; sometimes it’s just the final push before one last rally. But if volume dries up at the top, that basically means the market is done. This logic feels counterintuitive, but it’s been confirmed countless times with data from a certain top exchange.
**There’s Real and Fake Volume at the Bottom**
A single spike in volume might just be testing the waters, or even a bull trap. Only after several consecutive high-volume sessions does it show that the market is really forming a consensus. This is especially true for $BTC and $ETH during periods of consolidation.
**Emotion Is More Important Than Technicals**
He said he used to obsess over indicators, drawing lines until his hand cramped. But later realized that what really determines direction is market sentiment and consensus. Changes in volume are basically the external manifestation of that consensus.
**Don’t Go All-In**
He has a habit: never go all-in. Even if he’s sure of the direction, he always keeps some cash on hand. The biggest allure of the market is its uncertainty—you never know what will happen tomorrow. Those who can stay in cash and wait for opportunities often get the biggest gains.
By the end of our conversation, he lit a cigarette and said: “In trading, your biggest opponent isn't the candlestick chart, the news, or even what the main players are doing. It’s your own greed and fear. All those pumps, dumps, and negative policies are just surface phenomena—the core variable will always be human nature.”
It sounds a bit philosophical, but thinking back, it really makes sense. Now coins like $XRP swing wildly every day, news is everywhere, and fewer and fewer people can stay calm. The market is full of uncertainty, but it’s precisely because of that that opportunities always exist. Staying calm and not getting swept up by short-term swings may be the real key to long-term survival.