Market trends are constantly changing, and people are eager to chase the next opportunity for sudden wealth.
The blockchain industry has never stopped innovating, with Crypto and AI trends overlapping, including Non-Fungible Token, Altcoin, RWA...
New hotspots and legends emerge endlessly, with some experiencing asset values soaring overnight and then nearly zeroing out, while more people are trapped in the cycle of chasing highs and cutting losses.
Nine-year veteran OG Bit Wu @BTW0205 tells us from his personal experience: After the prosperity, patience and deep thinking are truly what can keep one undefeated.
He jokingly calls himself an "ancient KOL", starting to create crypto content in 2016. At that time, he was experiencing a low point in his life, with his second startup nearly failing.
However, the wheel of fate was turning quietly - he received 40 bitcoins as payment for a mining software development outsourcing project. Overnight, his journey in the crypto world began.
This is the "OKX Friends" series of dialogue interviews, aimed at providing new users with learning references through exploring KOL stories, industry insights, and lessons from different backgrounds.
This interview is conducted by Mercy @Mercy_okx, welcome everyone (*´∀`)~
ICO Frenzy: Overnight Fame
In 2017, the initial token offering wave swept the globe. Various tokens emerged like mushrooms after rain, with prices skyrocketing.
Bit Wu recalls that at the time, Altcoin prices rose far beyond Bitcoin and Ethereum, with tens of thousands of principal easily turning into tens of millions.
According to him, at the bull market's peak, his account value reached a "billion" level.
During that time, he would see millions more in his account daily, becoming somewhat numb, "After reaching A8, an additional few million meant nothing." The capital dream made him momentarily forget himself, as if success was effortless.
Looking back, he realized that when everyone is immersed in the carnival, one should remain clear-headed and wary of the risks brought by the bubble.
Near Zero: Madness and Anxiety
As expected, the bubble eventually burst. In 2018, the bear market struck, ICO projects collapsed one after another, countless Altcoins went to zero, and his wealth evaporated overnight.
Reflecting on those days, he candidly said this crash trapped him in a "loss loop" - losing on invested projects, Altcoins, and constantly exchanging Bitcoin and Ethereum, with more operations leading to deeper losses and increasing anxiety.
He reviewed: "The more I operated, the more mistakes I made, the more I lost, the more I gambled, the more I feared... ultimately forming a complete loss loop."
The gap from peak to bottom caught him off guard, and he tossed and turned sleeplessly during that period. It was then he realized: cognition must keep up with market changes, and beware of "path dependence". Once the previous path to wealth becomes invalid, one needs to find a new direction.
Reflection and Rebuilding: Finding the "Well"
After this setback, he began establishing a systematic trading framework and continuous profit method.
He believes that to survive long-term in the crypto industry, one must build an "anchor" - like having a self-flowing well that can provide water even during drought.
During this period, he discovered he could still obtain stable income through early-established content and consultant channels during market downturns.
This was like preparing a "information well" that could provide nourishment even when the market dried up.
This channel smoothed out the downward cycle, becoming a continuous "water source".
Moreover, through continuous research and writing, one can constantly verify market hypotheses, deepen understanding of various mechanisms, and prepare for the next opportunity.
Turbulence and Higher Alertness
One wave had just settled when another rose. An unexpected turbulence again tested his understanding of the industry, with part of his assets shrinking again.
This incident made him recognize two types of risks in trading crypto assets: market volatility and policy and judicial risks. To avoid repeating mistakes, he made a more conservative choice—
Learning to distinguish true core assets and emphasizing decentralized assets as truly "one's own".
He believes: "Only by holding Bitcoin can your assets truly belong to you and continue to belong to you."
Afterward, his position gradually tilted towards Bitcoin, essentially abandoning all adventurous bets, adhering to this digital gold.
Meanwhile, he continuously reviewed experiences in his content output, deepening understanding - just like the "Feynman Learning Method" he advocates, writing itself is a method of in-depth learning. Countless reviews helped him better control emotions and continuously optimize strategies.
During bear markets, he would rather stay put; when the next bull market arrives, he would deploy funds in small batches. This "slow and steady" approach gradually took effect: time helped him accumulate more Bitcoin and become calmer.
Now, he rarely trades, usually making only two or three trades per cycle. For him, true victory is seeing wealth appreciate calmly after ten or twenty years.
The Essence of "Slow is Fast"
After experiencing two major asset pullbacks, he summarized his four-word motto - Slow is Fast.
He believes many think only rapid follow-up can seize opportunities, but actually, industry opportunities are endless, and the hardest part is surviving and being well-prepared.
He explains that "slow" here is not passive waiting, but a process of careful consideration and systematic construction.
Only by patiently polishing details and verifying hypotheses can one strike decisively when opportunities arise.
He says it's like watching a house cat catch fish: "My cat might wait there for half an hour... but once it stretches its paw, it can catch the fish. I think 'slow is fast' is exactly this process."
Slowly observing, slowly thinking, and suddenly striking when fully prepared. True success is not a lucky one-time achievement, but a winning strike supported by deep thinking and a resilient mindset.
Mindset Cultivation: From Anxiety to Calmness
Actually, Teacher Wu believes that trading is a composite of in-depth thinking + rational decision-making + quick action, with mindset being the foundation.
In the previous bull market, he suffered severe losses due to excessive anxiety, leading to frequent trading——
"At that time, I would experience physical changes, have difficulty sleeping, and feel emotionally unstable; anxiety would drive me to trade... The result of anxiety was actually losses".
This experience refined him like a zen practitioner in meditation, with market fluctuations no longer easily affecting his emotions.
As he said: "The anxiety from the last cycle made me experience greater pain, so this time I won't be anxious".
With this composure, he can calmly observe the market. Even when many around him frequently trade and speculate, he insists on placing 80-90% of his funds in mainstream cryptocurrencies like Bitcoin and Ethereum, using only a small "ant position" to participate and sense hot spots.
Not everyone can handle frequent trading rhythms. For Wu, he is more suited to identifying trends during bull and bear market transitions, conducting low-frequency trend trading.
Of course, he also suggests that every trader should find their own "track" and not blindly follow others' trading methods.
OKX Financial Management and Diversified Allocation
In terms of strategy tools, Teacher Wu has always practiced the philosophy of "slow is fast".
First, he emphasizes the importance of stable financial products: "Financial management can ensure asset growth even during bear markets. OKX's earning products are excellent. In other words, using fixed income or dual-currency earning products to achieve asset self-growth is key to preserving wealth during bear or sideways markets."
His personal fund allocation is about 80% in mainstream assets like Bitcoin and Ethereum, with the remaining 10-20% distributed across stablecoin earning and dual-currency strategies.
He most frequently uses OKX's "Earn" (simple earning) and Dual Currency products. For example, facing Bitcoin's recent surge, he once placed a coin-based dual currency strategy: setting a Bitcoin sell target price (such as 108,000), with an annualized return of up to 20%.
Once Bitcoin rises to the target price, he can earn high returns; if the market declines, he converts funds to USDT dual currency to obtain earnings.
Simply put, financial tools can make funds "move on their own", obtaining significant interest in a stable manner, far from the complexity of chasing ups and downs.
Not limited to crypto assets, he also hedges across markets. For instance, he recently purchased some gold to counter fiat currency inflation risks; he also sees long-term opportunities in US tech stock indices.
He believes future technological waves (AI, biotechnology, etc.) will likely be led by US stock market leaders, "Buying US stocks in the next ten or twenty years should be an excellent choice".
Based on these judgments, he almost completely avoids futures contracts and high leverage on exchanges, believing that "normal people can't control leverage above 1x".
In summary, his current overall strategy is: patient coin accumulation + stable income generation + moderate hedging.
Although this strategy is slow-paced, it brings stable returns and allows him to always retain sufficient chips during bear markets, ready to embrace the next wave of growth.
In Conclusion
In Teacher Wu, I seem to see the composure of "the light boat has passed ten thousand mountains", and from his experience, I feel: on the path of trading, there are no shortcuts, only steady progress.
In the unpredictable Web3 world, don't rush to follow trends. Seriously build your underlying framework, path, and mindset. When the next opportunity arrives, you'll have the ability to seize it.
I wonder if you have similar ups and downs? What is your trading philosophy? Welcome to share your story and insights in the comments! Top comments will win the latest OKX peripheral products～
If you also agree with the wisdom of "slow is fast", please like and share this article, letting more people see Teacher Wu's practice and thinking, and grow together～
Disclaimer
This article is for reference only. It represents the author's viewpoint and does not represent OKX's stance. The article does not intend to provide (i) investment advice or recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; (iii) financial, accounting, legal, or tax advice. We do not guarantee the accuracy, completeness, or usefulness of such information. Holding digital assets (including stablecoins and Non-Fungible Tokens) involves high risks and may experience significant volatility. You should carefully consider whether trading or holding digital assets is suitable for your financial situation. Consult your legal/tax/investment professionals regarding your specific circumstances. You are responsible for understanding and complying with local applicable laws and regulations.
