In Shenzhen in 2017, I was living in a partitioned room of over seven square meters, calculating how to gather enough rent by the middle of each month, and I would hesitate for half a day over whether or not to order a set meal from the Sha County snack shop downstairs.
Now I flip through the photos of the property certificates on my phone, the ownership of two houses is clear; I open my trading account, and my asset size has already crossed the four-digit threshold— you might not believe it when I say this, but none of this is due to any insider information or sheer luck.
Back then, with just tens of thousands as capital, I managed to grind out a few survival rules after falling countless times in the market. Today, I'm going to break these down and share them with you, hoping to help you avoid some traps.
**Article 1: Don't Mistake a Wash for a Crash**
When I first started playing, a certain altcoin surged for three consecutive days and then began to slowly decline. I panicked and sold everything, only for it to more than double afterwards. Looking back now: a slow pullback after a rapid rise is mostly the main force cleaning up floating capital. When it's really time to run, it's that kind of violent spike followed by a sudden crash—last year, I saw this signal with a coin and decisively withdrew, avoiding the subsequent halving market.
**Article 2: High-level volume reduction is a retreat alarm**
Once, a certain mainstream coin hovered at a high position for several days, and suddenly the trading volume shrank. I thought it was just building up momentum. But a few days later, the price was directly cut in half, and I suffered a painful loss. Since then, I've learned my lesson: when the price is swaying at a high level and the trading volume is decreasing, it indicates that the funds are quietly slipping away. What are you waiting for if you don't leave at this point?
**Article 3: Wait for consecutive volume signal when buying the dip**
In earlier years, I also did foolish things like bottom-fishing and entering halfway up the mountain. When I saw a certain coin drop significantly, I would rush in with heavy investment as soon as it rebounded slightly, only to end up trapped and questioning my life. It was only later that I understood: the true bottom is often confirmed after a period of low trading volume and then a few days of moderate volume increase. Those who rush in after a slight rebound are most likely catching a falling knife.
**Article 4: Volume is the truth, don't compete with yourself**
The most reliable indicator in the market is trading volume. Don't chase after coins that have already skyrocketed, and don't hesitate to take action when a real opportunity arises out of fear. Always leave some room in your position, and only act when the signals are clear—this is the strategy that allows you to survive in the long run.
If you are still pulling back and forth in the market, and your account curve is like a roller coaster, you might as well stop and consider these ideas.
I have never believed in the trap of getting rich overnight, but I am confident that with the right approach, it is entirely possible to establish a foothold in this market and earn money steadily.
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ETHmaxi_NoFilter
· 19h ago
A decrease in volume at a high position is really an alarm, I fell for this last year.
It's the same old story of going from rags to riches, the volume aspect is still reasonable.
Buying the dip halfway up the mountain, I understand it all too well, a lesson learned the hard way.
These principles sound simple, but when it comes to actual execution, it can easily get chaotic.
The difference between whipsaw and a crash is what newbies are most likely to confuse.
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HappyToBeDumped
· 19h ago
I have psychological trauma from high position shrinking volume; I was trapped in that time and almost went bankrupt. Now, when I see this signal, I immediately run away. Not being greedy is not a sickness.
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SnapshotDayLaborer
· 19h ago
A high position with lower trade volumes is truly a death signal; I've fallen into this pit too many times.
Catching a falling knife is just the beginning of losing money; you need to wait for higher trade volumes to confirm before taking action.
Back in 2017, I was also in a state of eating dirt; now that I think about it, I still feel scared.
It's quite straightforward; volume will never lie.
This method is essentially about overcoming greed; the difficulty lies in persistence.
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OnchainGossiper
· 20h ago
The high-level volume reduction is really amazing, I also didn't escape that time, it directly suffered a 50% Slump.
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quiet_lurker
· 20h ago
High-level contraction is really a killer, how many times have I been numbed like this
Catching falling knives makes me doubt the coin's life, volume can't fool people
Easier said than done, the key is still to get through the mindset barrier
From Sha County snacks to two apartments, it's truly a great leap forward.
In Shenzhen in 2017, I was living in a partitioned room of over seven square meters, calculating how to gather enough rent by the middle of each month, and I would hesitate for half a day over whether or not to order a set meal from the Sha County snack shop downstairs.
Now I flip through the photos of the property certificates on my phone, the ownership of two houses is clear; I open my trading account, and my asset size has already crossed the four-digit threshold— you might not believe it when I say this, but none of this is due to any insider information or sheer luck.
Back then, with just tens of thousands as capital, I managed to grind out a few survival rules after falling countless times in the market. Today, I'm going to break these down and share them with you, hoping to help you avoid some traps.
**Article 1: Don't Mistake a Wash for a Crash**
When I first started playing, a certain altcoin surged for three consecutive days and then began to slowly decline. I panicked and sold everything, only for it to more than double afterwards. Looking back now: a slow pullback after a rapid rise is mostly the main force cleaning up floating capital. When it's really time to run, it's that kind of violent spike followed by a sudden crash—last year, I saw this signal with a coin and decisively withdrew, avoiding the subsequent halving market.
**Article 2: High-level volume reduction is a retreat alarm**
Once, a certain mainstream coin hovered at a high position for several days, and suddenly the trading volume shrank. I thought it was just building up momentum. But a few days later, the price was directly cut in half, and I suffered a painful loss. Since then, I've learned my lesson: when the price is swaying at a high level and the trading volume is decreasing, it indicates that the funds are quietly slipping away. What are you waiting for if you don't leave at this point?
**Article 3: Wait for consecutive volume signal when buying the dip**
In earlier years, I also did foolish things like bottom-fishing and entering halfway up the mountain. When I saw a certain coin drop significantly, I would rush in with heavy investment as soon as it rebounded slightly, only to end up trapped and questioning my life. It was only later that I understood: the true bottom is often confirmed after a period of low trading volume and then a few days of moderate volume increase. Those who rush in after a slight rebound are most likely catching a falling knife.
**Article 4: Volume is the truth, don't compete with yourself**
The most reliable indicator in the market is trading volume. Don't chase after coins that have already skyrocketed, and don't hesitate to take action when a real opportunity arises out of fear. Always leave some room in your position, and only act when the signals are clear—this is the strategy that allows you to survive in the long run.
If you are still pulling back and forth in the market, and your account curve is like a roller coaster, you might as well stop and consider these ideas.
I have never believed in the trap of getting rich overnight, but I am confident that with the right approach, it is entirely possible to establish a foothold in this market and earn money steadily.