$BTC

Having been in the crypto world for many years, I have seen Bitcoin surge from freezing point to high levels in a frenzy, and also experienced long bear markets with assets halved and halved again; I’ve suffered the pain of holding no coins, been forcibly knocked out during contract liquidations, and learned countless lessons from chasing gains and selling at lows — but it is precisely because of these stumbles that I have developed a set of feasible trading disciplines, helping me climb out of the bottomless pit of losses.

The crypto space is not a quick-rich casino; it’s more a contest of cognition, self-discipline, and human nature. The profits that can finally be held are the realizations gained from crawling out of pits; the risks avoided are the sober lessons paid for with blood. These years of accumulation are not to boast about myths of overnight tenfold gains, but to help you survive in a market with unpredictable price swings, protect your principal, and gradually accumulate wealth.

**1. Learn to survive first, then talk about making money — traps that can cause you to be eliminated once you step into them**

Ninety percent of huge losses in the crypto world are not because the market is too dangerous, but because people are too greedy and too easily fooled. The following pitfalls I have personally experienced with real money are advised to never touch in your lifetime — this is the basic prerequisite for survival.

**1. Air coins, Ponzi schemes, pyramid schemes: dreams of getting rich quick are just tricks to harvest the little guys**

When I first entered the scene, I also believed in the so-called "exclusive insider information." Someone claiming to be a project advisor approached me, boasting that a certain coin was about to increase tenfold. Impulsively, I threw most of my principal into it. Half a month later, the coin’s price plummeted by seventy percent, the platform shut down, the community disbanded, and I lost all my capital. That was when I realized that those holding fake whitepapers and full of talk about "risk-free high returns"