Surviving in this market, to put it simply, is about doing the simple things repeatedly well.
I will never forget the lesson from 2018. At that time, as a rookie, I was fearless, shorting Ethereum with 10x leverage, only to see it surge 30% in a single day. My position was forcibly liquidated on the spot, and 200,000 yuan of principal vanished instantly. That night, I sat by the river for four hours, truly feeling like I had nothing left.
But life goes on. Over eight years, from that naive beginner, I gradually became a consistently profitable trader. My account grew from 50,000 to 6 million. It’s not some myth; it’s just about repeatedly making the right decisions.
**Regarding coin selection, I have only one principle: only choose coins that are alive.**
Many people ask me how to choose coins. Honestly, my method is not complicated at all—spend a few minutes each day looking at the top gainers, only focus on coins that have already started. The crypto market is like a battlefield; you want to enter a battleground that has already fired the first shot, not a stagnant pond. Coins with no trading volume or heat for several days? I simply don’t look at them.
But this doesn’t mean chasing highs. What I truly watch is the long-term trend; a monthly MACD golden cross is my signal to enter. Short-term candlesticks are full of noise; the long-term trend is the real direction. Those coins that get cut in half? Don’t think about bottom fishing for a rebound. Prices have fallen so much, there might be more downside. Instead of wasting time worrying, wait until the trend truly reverses before taking action.
**The 70-day moving average is my lifeline.**
In my trading system, the 70-day moving average is the stabilizer. If the price is above it, it’s alive; below it, it’s dead—simple as that.
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bridgeOops
· 01-08 11:32
Losing 200,000 overnight and still being able to get back up is really tough. I'm still struggling with how not to get cut.
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SmartContractPlumber
· 01-08 09:32
Sitting by the river for four hours really hit the point, but honestly, trading with 10x leverage to short is like deploying an unaudited contract—risk parameters are set improperly, and sooner or later it will blow up.
I understand the logic of the 70-day moving average, but have you considered the issue of permission control? Many "liquid tokens" look like they have good volume, but in reality, they are highly concentrated with the whales, just like some contracts where the owner permissions haven't been relinquished; the rug can happen in the next second.
It's not that your method doesn't work, but purely relying on technical indicators can easily overlook fundamental vulnerabilities. I've reviewed many projects—no matter how fierce the price increase, if the underlying logic is rotten, it's all pointless.
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MetaverseMigrant
· 01-07 23:59
Sitting by the river for four hours truly gave me a sense of it—the feeling of 200,000 just disappearing like that... But your 8-year persistence is really impressive, from 50,000 to 6 million. That's the power of discipline, right?
The 70-day moving average as the stabilizing anchor—this I need to remember. Compared to those complicated indicator stacks, simple and straightforward is actually more effective.
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Whale_Whisperer
· 01-06 10:56
Sitting by the river for four hours was a very profound experience for me. I was completely stunned at the time.
Listening to the bottom-fishing strategy so many times, I really don't believe it anymore.
Doing the right thing repeatedly and simply, it's easier said than done.
If it's above the 70-day moving average, it's alive; below, it's dead. I agree with this logic.
20,000 disappeared in an instant; how strong must one's mentality be?
Waiting for the monthly MACD to turn bullish before taking action—this is something I need to learn.
The military analogy is perfect; that's how the crypto world is.
From 50,000 to 6 million, now that's real skill.
I also never touch dead water coins; it's a waste of time.
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GasFeeTears
· 01-06 10:53
Losing 200,000 instantly, I was there too, and I still think about it now.
Chasing highs is a good point, really, some people just can't change this bad habit.
I've also used the 70-day moving average strategy, but I added volume confirmation, which feels more stable.
That part about sitting by the river for four hours really hit me; anyone who has experienced that kind of despair knows how it feels.
The monthly golden cross signal is good; short-term daily charts are indeed all garbage information, it's too easy to get trapped.
Honestly, surviving is the most important thing; making more or less profit is a matter for later.
The idea of only choosing to hold alive coins is correct; dead coins bouncing back are all fake.
From 50,000 to 6 million, that's real skill, not relying on some secret tricks.
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WhaleWatcher
· 01-06 10:42
200,000 directly lost... This wave was indeed fierce. Sitting by the river for 4 hours, I can understand that sense of despair, but later turning around to 6 million is truly impressive.
That's why I now only watch coins above the 70-day moving average, and I don't even touch dead coins to avoid repeating that same mistake.
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NFTregretter
· 01-06 10:34
200,000 lost overnight and still able to get back up—that's the real money-making logic.
Active coins + long-term trend, in simple terms, is going with the flow; don't make reckless moves.
The 70-day moving average is truly outstanding, more effective than any indicator.
Surviving in this market, to put it simply, is about doing the simple things repeatedly well.
I will never forget the lesson from 2018. At that time, as a rookie, I was fearless, shorting Ethereum with 10x leverage, only to see it surge 30% in a single day. My position was forcibly liquidated on the spot, and 200,000 yuan of principal vanished instantly. That night, I sat by the river for four hours, truly feeling like I had nothing left.
But life goes on. Over eight years, from that naive beginner, I gradually became a consistently profitable trader. My account grew from 50,000 to 6 million. It’s not some myth; it’s just about repeatedly making the right decisions.
**Regarding coin selection, I have only one principle: only choose coins that are alive.**
Many people ask me how to choose coins. Honestly, my method is not complicated at all—spend a few minutes each day looking at the top gainers, only focus on coins that have already started. The crypto market is like a battlefield; you want to enter a battleground that has already fired the first shot, not a stagnant pond. Coins with no trading volume or heat for several days? I simply don’t look at them.
But this doesn’t mean chasing highs. What I truly watch is the long-term trend; a monthly MACD golden cross is my signal to enter. Short-term candlesticks are full of noise; the long-term trend is the real direction. Those coins that get cut in half? Don’t think about bottom fishing for a rebound. Prices have fallen so much, there might be more downside. Instead of wasting time worrying, wait until the trend truly reverses before taking action.
**The 70-day moving average is my lifeline.**
In my trading system, the 70-day moving average is the stabilizer. If the price is above it, it’s alive; below it, it’s dead—simple as that.