It's quite embarrassing to say, but back in the winter of 2016, I only had 30,000 left in my bank account, and I didn't even have the rent for the next month sorted out. As a result, Bitcoin plummeted to 5550 in the early hours, and my fren insisted on having me buy the dip. I impulsively jumped in without even properly looking at the candlestick charts—now that I think about it, if I hadn't been so broke with no way out, I wouldn't have dared to be so reckless.

After these eight years, the tuition lost is enough to buy a car. I have gradually figured out something: that kind of slow rise after a plummet is mostly the big players slowly offloading; instead, a long period of decline followed by a sudden big bullish candlestick often represents the real opportunity.

In 2020, UNI plummeted from $8 all the way down to $2.5, and the group was filled with complaints. I was also anxious, but I still stubbornly stuck to the "buy the dip at 20% drop" method, and managed to grind my cost down to $3.1. The day it rose to $40 the following year, I nervously sold everything, and just this one token multiplied by 12 times—honestly, there were several times during the holding process when my legs felt weak.

I am most afraid of two types of market conditions: one is when the hot search is trending and everyone is shouting bullish. In 2021, Dogecoin was filled with jokes everywhere, but I noticed that the on-chain data had been declining for a week, and I panicked and quickly ran away. Three days later, it was directly cut in half. The other type is a lifeless market that no one cares about. In 2018, Bitcoin was stagnant at $3200 for two weeks, and the trading volume dropped to the bottom. I consistently invested 100U every day without fail, and after six months, my cost was brought down to below 4000, and I ended up benefiting from the subsequent main uptrend.

The biggest realization over the years: the more you think you understand, the closer liquidation might be; instead, truly admitting "I don't understand this wave" is the real start of making money. Now, I only follow one rule in trading—if you're uncertain, stop trading, execute mechanically, and don't let emotions mislead you.

The crypto world has never been a place of luck; it’s about whether you dare to back down and whether you can endure. First survive, then think about making big money; that's the way to walk this path steadily.