In these years of rolling in the crypto world, the most frequently asked question is: how to turn ten thousand into one million?
In the past, I used to smile and say nothing. Now I will tell you directly: stories about getting rich through talent are just for listening; most people fail because they can't wait for the next real opportunity to come.
Six years ago, I also started with a little over ten thousand as my principal, and I was harvested by the market like a leek. At that time, I thought trading meant staring at the market every day and constantly looking for opportunities. What was the result? The more anxious I became, the more I lost. It wasn't until later that I realized: making money relies on avoiding traps, making huge profits relies on resisting impulses, and turning things around relies on waiting for the right moment. What truly multiplies an account is never the daily small fluctuations, but those few key moments that change fate.
I remember one time I was trading short-term, and at night there was major good news but I didn't take action, thinking it would definitely rise the next day. The next day it did open high, but I wasn't greedy and just ran. Why? Because I had long understood a principle: when all the good news is out, that's the peak. You think the peak is still far away, but it's actually right in that moment of hesitation. What traps you is not the market, but that little bit of luck in your heart.
After that, my operating logic changed. I never bet on the market before holidays, actively clear my positions before major events, take a break when I don’t understand, and only take action when I see a clear opportunity. Some say I am too conservative, but only I know that it is this conservatism that has allowed me to survive into new major cycles time and time again.
We also need to talk about mindset. The most magical aspect of the crypto world is this: when making money, you feel invincible; when losing money, it feels like the sky is falling. If you can't control these two emotions, you'll forever be stuck in the cycle of retail investors. I've seen too many people who think they are gods after making money for three days, and feel like it's the end of the world after losing money for two days. What about the real experts? Both gains and losses are just numbers. When your mind is stable, your account can be stable too.
Is there a secret to turning ten thousand into one million? Yes. But it's not about technical indicators or magical formulas, it's about whether you can do this: dare to stay out of the market, know how to wait, execute strictly, and not be led by the nose by price fluctuations.
I have basically stepped on all the pitfalls that should be avoided. To take fewer detours and establish a foothold in this market, the key lies in these few points. The market does not wait for anyone, but opportunities are always reserved for those who are prepared.
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SudoRm-RfWallet/
· 12-04 23:18
Those who can't hold on will eventually get rekt, that's a harsh truth.
I need to learn how to stay in cash, I always get itchy hands.
"When all the good news is out, it's the top." I have to engrave this in my mind.
Wait for the right moment before making a move—easy to say, really hard to do.
If your mindset collapses, your account is done for. I've seen too many examples.
Don't gamble on holiday markets—this is where I perform the worst.
Price moves are just numbers; the mindset is really on another level.
Still have to wait, wait until the real opportunity comes.
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fomo_fighter
· 12-04 22:37
Alright, I believe this logic, but the truth is that most people simply can't manage to stay out of the market.
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DiamondHands
· 12-04 18:52
This is the one I hear about the most, but how many can really do it?
The mindset part is spot on—make money and you get cocky, lose money and you fall apart.
Being able to hold an empty position is real skill. I'm practicing this every day now.
"The peak is when all the good news is out"—I need to tattoo this in my brain.
Honestly, waiting for the next opportunity is really the most crucial. In previous years, my impatience killed me.
Only act when you're sure—sounds harsh, but it's true and useful.
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ValidatorVibes
· 12-02 09:49
honestly the whole "patience beats greed" narrative hits different when you realize it's basically protocol governance for your portfolio lol... holding through cycles = validator uptime = compound rewards. people really out here paperhanding before consensus is reached
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OnChainSleuth
· 12-02 09:48
You are quite right, the key is to endure.
Once the mindset collapses, it's all over. I've seen too many people who were bragging yesterday and are rug pulling today.
Having a short position is also a skill. I didn't believe it before, but now I do.
There are many who just splurge after making money for three days, and in the end, they still end up losing it back.
This article hit home for me; it really needs reflection.
It sounds like experience talking, but I just wonder how long it can last.
It's easy to say not to be swayed by the market, but it's truly difficult to do.
The core is to endure, but most people can't.
Is this cycle about to start again? Or are we just digging another pit?
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AirdropLicker
· 12-02 09:47
A Short Position is the biggest weapon, I deeply understand this
Really, those who can't hold on end up becoming suckers
Waiting for the right moment to act makes you earn much more than staring at the market every day
The mindset part is the hardest, I have also taken the wrong path before
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FlashLoanLarry
· 12-02 09:41
Well said, it's the mindset that is the hardest. I used to stare at the market every day, and the more I stared, the more I lost.
Most people can't even last long enough to seize the opportunity, that's the truth.
Having a Short Position is really an advanced operation, but I just can't manage it.
Fully priced-in good news means it's the peak, I need to engrave this in my mind.
Instead of studying indicators, it's better to learn when to do nothing at all.
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DEXRobinHood
· 12-02 09:32
There’s nothing wrong with what you said; it’s just that the execution is too difficult, and most people simply can’t endure that loneliness.
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CodeZeroBasis
· 12-02 09:27
Well, that makes a lot of sense, but the execution ability can really deter 90% of people.
In these years of rolling in the crypto world, the most frequently asked question is: how to turn ten thousand into one million?
In the past, I used to smile and say nothing. Now I will tell you directly: stories about getting rich through talent are just for listening; most people fail because they can't wait for the next real opportunity to come.
Six years ago, I also started with a little over ten thousand as my principal, and I was harvested by the market like a leek. At that time, I thought trading meant staring at the market every day and constantly looking for opportunities. What was the result? The more anxious I became, the more I lost. It wasn't until later that I realized: making money relies on avoiding traps, making huge profits relies on resisting impulses, and turning things around relies on waiting for the right moment. What truly multiplies an account is never the daily small fluctuations, but those few key moments that change fate.
I remember one time I was trading short-term, and at night there was major good news but I didn't take action, thinking it would definitely rise the next day. The next day it did open high, but I wasn't greedy and just ran. Why? Because I had long understood a principle: when all the good news is out, that's the peak. You think the peak is still far away, but it's actually right in that moment of hesitation. What traps you is not the market, but that little bit of luck in your heart.
After that, my operating logic changed. I never bet on the market before holidays, actively clear my positions before major events, take a break when I don’t understand, and only take action when I see a clear opportunity. Some say I am too conservative, but only I know that it is this conservatism that has allowed me to survive into new major cycles time and time again.
We also need to talk about mindset. The most magical aspect of the crypto world is this: when making money, you feel invincible; when losing money, it feels like the sky is falling. If you can't control these two emotions, you'll forever be stuck in the cycle of retail investors. I've seen too many people who think they are gods after making money for three days, and feel like it's the end of the world after losing money for two days. What about the real experts? Both gains and losses are just numbers. When your mind is stable, your account can be stable too.
Is there a secret to turning ten thousand into one million? Yes. But it's not about technical indicators or magical formulas, it's about whether you can do this: dare to stay out of the market, know how to wait, execute strictly, and not be led by the nose by price fluctuations.
I have basically stepped on all the pitfalls that should be avoided. To take fewer detours and establish a foothold in this market, the key lies in these few points. The market does not wait for anyone, but opportunities are always reserved for those who are prepared.