Discipline and patience often determine how far you can go in the crypto world more than a smart brain.

Six years ago, I naively entered the crypto world. At that time, like most people, my head was filled with dreams of financial freedom, but I never considered how many pitfalls lay ahead. Two years later, I brought a friend into the circle; he started with 100,000, had no news or background, and relied solely on hard work with candlestick charts and cultivating his mindset. In two years, he managed to grow his account to 1.5 million.

This experience taught me one thing: there is no such thing as getting rich overnight in the crypto world. The true skill lies in being able to endure the fluctuations and maintain your mindset. Today, I want to write down the experiences I've gained over the past six years, hoping to help everyone pay a little less in tuition.

**First, let's talk about the most common pitfall - don't panic sell during a rapid rise followed by a slow decline**

When I first started trading, what I feared the most was the slow decline after a surge. The price would suddenly spike, and then it would start to gradually drop day by day. I often thought it had peaked and hurriedly sold at a loss. What was the result? Every time I sold, the price would rebound, leaving me out in the cold.

Later, I understood that this tactic is the method of the market makers' wash trading. They first quickly pump the price to attract attention, and then use a prolonged downtrend to wear down the patience of retail investors. Investors without conviction will give up their chips in this torment, while the market makers quietly accumulate in the background. The moment you can't help but cut your losses, you just happen to step into the trap they set.

The real top looks completely different—it usually combines "violent surge + cliff-like drop." When the market is in a frenzy and everyone is shouting "this time is really different," danger is imminent. Learning to distinguish between these two trends can help you avoid making many mistakes.