Here is the English translation:
Regardless of whether you are in the crypto market, as long as you pay a little attention, you seem to always be tantalized by stories of hundredfold or thousandfold wealth, unable to resist imagining yourself in such a scenario and ultimately joining the game.
However, only after truly participating will you discover that behind the few lucky ones who get rich, the vast majority are just anonymous cannon fodder who end up losing everything.
After years of deep cultivation in the crypto market, I learned these 18 lessons:
01, Do Not Assume Anyone Will Look Out for You
Even if you feel you are part of the cryptocurrency Twitter community and belong to a big family, in reality, you are fighting alone in this market. The cryptocurrency market is a "player versus player" arena where everyone pursues their own interests.
No one will truly consider you, and all decisions and actions revolve around self-interest. Therefore, you need to stay alert, rely on your own judgment, and not expect others' goodwill.
02, High Information Asymmetry on Twitter
On social media platforms like Twitter, information asymmetry is severe. Some influential people may possess more insider information or market dynamics, while ordinary investors are often at a disadvantage. To make wise investment decisions in the cryptocurrency market, you need to be clear about who are truly valuable information sources.
Following the right people might get you massive "alpha", while blindly following the wrong people could lead to total loss. Learning to distinguish the reliability and motivation of information sources is key to successful investment.
03, Trust Your Own Judgment
When market sentiment fluctuates, others' advice is often unreliable.
• When the market rises, if you ask what to buy now, they might say: "Buy at market high? Are you crazy?"
• When the market falls, if you ask what to buy now, they'll say: "Everything is over, buying now is foolish."
These feedbacks often reflect extreme market sentiment rather than objective advice. Therefore, learn to trust your own analysis and judgment, and don't be swayed by others' emotional remarks.
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16, What You Want Is Not Retirement, But Freedom
Many people think retirement is the goal, imagining themselves vacationing on a Caribbean beach. However, retirement life might feel boring after a week. The real goal is freedom - waking up every day to do what you want, creating value with interesting people, while having enough time to accompany family and friends. The cryptocurrency market might provide you with financial freedom, but don't forget to pursue more meaningful life goals.
17, The Cost of Full-Time Cryptocurrency Work
If you want to quit a stable 9-to-5 job and fully commit to the cryptocurrency market, ask yourself if you are prepared to be online 10 to 16 hours a day, seven days a week, for years. Even then, success is not guaranteed. Full-time involvement in the crypto market requires extremely high self-discipline, patience, and psychological resilience.
18, Reflections After Success
When you are "successful" in the cryptocurrency market, you might discover that this is not what you initially wanted. You have money, but you are still the same person. Money cannot solve all problems. If your only goal is money, you may feel empty or even depressed after success. Therefore, setting goals more important than money, such as personal growth, family happiness, or social contribution, can make your success more meaningful.
