#币圈生存指南 The Most Simple Survival Guide for Ordinary People in the Cryptocurrency World

In the crypto space, the most important thing to remember is:
Anything is possible.
You might hear stories of overnight riches, or you might hear about losing everything and going broke, so anything can happen.
For ordinary people in the crypto world, here are some rational and practical suggestions.
1. If you don’t understand it and don’t believe it, stay far away from the crypto space.
Most ordinary people actually don’t understand the crypto world; admitting your ignorance is a form of wisdom. Don’t try to earn money beyond your understanding.
Pretending to understand when you don’t, or being overconfident, will only lead to real financial losses. Seeing others make money might cause unnecessary emotional anxiety.
Having a specialized skill or a decent job income is also a good thing.
This is a good situation for most people.
2. If you decide to enter the crypto space, be sure to develop your independent thinking, research, and self-learning abilities.
This applies to any field: if you want to succeed, you must do thorough research and avoid following the crowd blindly. Going with the flow only makes you mediocre.
What you need to understand is:
In this world, those who make big money are definitely not the majority of society, but a small part of the pyramid. How can people with the same understanding and actions succeed?
In any field, the people who make money are a wise minority. Although some may earn correct money based on mistaken beliefs, the probability of that happening is negligible.
Warren Buffett said, “Be greedy when others are fearful, and be fearful when others are greedy.” This is a form of independent thinking and wisdom.

3. If you understand yourself but are somewhat unsure about the crypto space, and want to try earning some money.
These suggestions are very practical.
First, set correct investment expectations.
This means that it’s possible to lose all your invested funds, so even if you do, don’t panic or seek revenge—stay calm.
Of course, it’s best not to hope for overnight riches. Excessive expectations can unbalance your mindset or even drive you crazy.
Second, when choosing cryptocurrencies, if you don’t understand the different types, stick to Bitcoin and Ethereum.
Although the gains may not be huge, they have already established mainstream consensus. Randomly buying small coins will only make you look very bad.
Third, regarding the amount of money invested, at least in the first few years, don’t go all-in, and definitely don’t borrow money to invest.
The amount you can accept losing entirely is the amount you should invest. Especially when you’re still learning.
Fourth, regarding timing, don’t try to pick the perfect moment; instead, adopt a dollar-cost averaging strategy.
On one hand, any short-term price prediction is just a guess; price volatility, rapid rises and falls, are very important.
On the other hand, in any market, a bear market lasts longer than a bull market, so dollar-cost averaging helps lower your average cost.
Don’t trust experts or AI blindly; trust the random walk hypothesis.
Fifth, don’t invest full-time, but always keep a part-time approach.
The core is to work hard and earn well. The more you earn outside the market, the less your capital inside the market cares.
Relying solely on investment income can unbalance your mindset and lead to a short-term perspective rather than a long-term view.
Valuable work and a valuable life are the most important.
Finally, I want to say:
First, investing is for making money, so stay rational!
Second, making money is for living, so stay happy.
Third, if you can’t make money and feel anxious and restless, stay away from the crypto space.
Fourth, eat well, sleep well, keep a good mood—these are priceless.