Having navigated the crypto world for these years, the pitfalls I've stepped into and the profits I've earned have all been distilled into these 16 pieces of experience. Sharing them in hopes of helping everyone make fewer mistakes.

**Market Analysis**: During a bull market, prioritize allocating to altcoins; during a bear market, stick to Bitcoin—that's my core principle. When a bottom volume spike appears, stay alert, as it often signals the start of a new trend. In an uptrend, if the price retraces to a key moving average, that's a golden buying opportunity—don't blink and miss it.

**Risk Management**: Proper position control is the prerequisite for survival—never go all-in. Always reserve some capacity to respond to unexpected situations. Also, control your trading frequency; catching a few major trends per year is enough. Overtrading only harms yourself in the end. When facing a losing project, cut losses decisively; averaging down will only deepen your trap.

**Mindset Building**: News should be used as a reference, not as gospel. Blindly following the crowd is like taking others' bags. Never touch unfamiliar coins; focus on the sectors you understand to operate steadily. When most people are overly optimistic, it's often the riskiest moment—this is why maintaining rationality and not being swept by market sentiment is crucial.

**Coin Selection Logic**: Altcoins that have surged too much will definitely retrace; those that have fallen too much may not necessarily rebound. This difference is critical. Learn to hold cash, wait for clear market signals before acting, and avoid chasing hot trends just for the hype.

**The Last Two Points**: Trading must follow your own system and be strictly implemented to maintain stability. Investment is essentially a long-term battle; a good mindset is more important than anything else. The most realistic point: investments have a high probability of losing money, so use spare funds. This way, your mindset can stay calm, and your chances of winning will increase.