Everyone who has been in the crypto world has a common understanding — this is not a 100-meter sprint, but a marathon that can be life-threatening.

I have seen too many people achieve the so-called "financial freedom" in just three or five days with a leverage and a small coin. I have also seen even more people suffer tragic losses overnight due to chasing gains and panic selling, holding full contracts. What's the difference? Simply put, the faster you make money, the more gambling-like your mindset becomes, risking your principal to chase short-term high profits. The wild swings in the crypto market are not surprises; they are everyday occurrences. Money earned today with luck can be doubled and lost again tomorrow with "skill."

Those who truly survive well in this market are definitely not the ones shouting "double or nothing" every day, but seasoned veterans who treat "staying alive" as their first principle. They don't envy others' short-term gains; instead, they embed risk control into their bones. Position management is always the top priority — for non-Bitcoin altcoins, never invest more than 10%; avoid high leverage in contracts whenever possible, and if you do trade with leverage, set clear stop-loss orders; they also won't be swayed by social hype — when others are greedy, they stay cautious; when others panic, they won't blindly buy the dip.

The cyclical nature of bull and bear markets in digital currencies actually follows certain patterns. A major bull market takes three to five years to develop, and the downward trend in bear markets can wear down most people's patience. Those rushing to make quick money either sell early during the downturn or get left behind at the start of a bull market, unable to reach the real profit phase. The ones who last until the end are often not the smartest, but those who can control their impulses best.