10 Years of Classic Whale Quotes in the Crypto World - Compliance and Security, No Pump-and-Dump, Cryptocurrency Trading Platform

10 Years of Classic Quotes from Crypto Whales - Compliant and Secure No Pump Digital Currency Exchange Platform

10 Years of Classic Quotes from Crypto Whales - Compliant and Secure No Pump Digital Currency Exchange Platform

Not afraid of sharp drops, only afraid of gradual declines — refers to the rapid reversal often seen after a sharp (short-term significant) price drop; it can quickly stop falling and even rebound; while gradual declines (shadow declines) may last a long time, accumulating large drops. Additionally, after a long shadow decline, a short-term sharp drop often traps bears, with prices often rebounding sharply after a few days; a common phenomenon is, after a large surge, the price first drops sharply, then declines gradually, then drops sharply again, forming the bottom region.

If it should rise, it will fall; if it should fall, it will rise — refers to the price being in the mid-to-high range, with positive news or a general rise in the market or industry, but the coin does not rise, possibly because the main force is selling on good news; after selling out, the price will fall sharply. Conversely, if the price is in the mid-to-low range, with negative news or a general market decline, but the coin does not fall, it may be because the main force has completed building positions and shaping the price pattern, deliberately supporting the price to prevent damage to the pattern, aiming for a large rise later.

Flat intraday chart, sudden limit-up — refers to small and medium-cap coins that have undergone long consolidation; if the intraday chart is very flat on a certain day, it is likely to suddenly hit the limit-up afterward.

Normal volume contraction, no volume, weak — a coin proverb created by grassroots Chen Jinsong. Indicates that during an uptrend, in the mid-to-late stage of the rise, the market recognizes it as a bull market, so holders are reluctant to sell, but buyers are strong, leading to volume-contracted upward movement. During a downtrend, in the mid-to-late stage, the market recognizes it as a bear market, so holders are reluctant to buy, but sellers are strong, leading to volume-contracted downward movement. In an uptrend, if a decline occurs but volume quickly contracts to no volume, sellers are exhausted, and the price is about to resume rising. In a downtrend, if an increase occurs but volume quickly contracts, buyers are exhausted, and the price will resume falling. In the late bear market, consecutive no-volume days (ground volume) indicate the bear market is ending.

Feng Shui wheel turns, next year it’s my turn — refers to the market’s funds being insufficient to lift all coins simultaneously; thus, concept stocks and coins take turns being hyped, and even fundamentally strong, or heavily controlled coins, including trash coins, loss-making coins, unpopular coins, and cold sectors, will eventually be favored. Due to this rotation, popular coins can become unpopular, and vice versa. In a mid-to-high level rally, the super main force usually first promotes a sector with appeal, then rotates among sectors; in a large rally, each sector is rotated at least twice.

Coin tickets are art, not science — indicates that many factors influence the market, making precise prediction impossible; trading cannot be as precise as scientific experiments. Prices fluctuate with ups and downs; traders should operate more broadly, leaving room for maneuver, and not aim to buy at the lowest or sell at the highest.

Never oppose the market, the market is always right — a Wall Street crypto proverb, also saying “There is no wrong market, only wrong perception,” and “What exists is reasonable.” Although theoretically, prices often fall when they should rise, and rise when they should fall, or overextend, the actual price movements are not based on theory or subjective investor views. Price increases are increases, decreases are decreases; profits and losses depend on objective price movements. Investors’ judgments are correct if aligned with price trends, wrong otherwise. There are no right or wrong in market movements, only correct or incorrect investor operations. Investors should be objective and courageous to admit mistakes.

Crypto market is like a chess game — the price trend is always new; even if it resembles past patterns, it will not repeat exactly.

There are only winners and losers in the crypto market, no so-called experts — refers to the fact that trading skill level depends entirely on profit or loss. Experts and analysts who excel at mouth service (analysis and post-hoc explanations) may not be accurate in predictions or recommendations, and often collude with manipulators to deceive investors.

Five Poor, Six Absolute, Seven Turnaround — refers to the tendency in the market that in May and June, the trend is usually downward or weak, with small gains or even losses, and large declines; by July, the trend usually begins to rise. In mainland China, the second half of the year often involves hype around consumer coins.

Losing chess with some winning moves, weak market with strong coins — indicates that even in losing situations, some good moves are made; in bear or sluggish markets, some coins still perform strongly.

Investors focus on dividends, speculators focus on news — long-term, value investors prioritize annual dividends; short- to medium-term traders focus on news. Grassroots Chen Jinsong believes that distinguishing between investment and speculation in coin trading is not appropriate; value investors simply see promising projects with high probability of rise and invest to seize profit. Isn’t that speculation? Using various investment methods for clearer classification is better; see earlier sections for details.

Trading coins is about personality — ultimately, success depends on character.

Greed and Fear, the biggest investment taboos — greed leads to profit shrinkage and losses; fear causes missed opportunities.

Patience is the greatest asset for retail investors — retail traders use their own funds, without interest or repayment, and can patiently wait for prices to fall, buy during dips, and wait for significant rises or recover from losses. Major players, institutions, and manipulators’ funds are not their own, so they are limited.

Be calmer than others, make more money than others — originally “As long as you are one degree calmer than others, you can stand out in the market,” adapted by grassroots Chen Jinsong to “One more degree of calmness, one more chance of victory.” Prices often fluctuate wildly; retail investors can profit or lose big, miss opportunities, or get caught. Those who control their emotions and stay calm can think independently and analyze objectively, naturally outperforming others.

There is no yesterday in the crypto market — also “There is no past in the crypto market,” meaning that past gains or losses are gone; everyone faces many opportunities and risks in the future. Investors should not dwell on the past but focus on the present and future.

Most people’s doubts are not worth doubting — a famous quote by international speculator George Rogers. When most people doubt something, it should not be doubted. This is reverse thinking. At market tops and bottoms, reverse thinking is useful; in the middle of bull and bear markets, follow the crowd and trend.

Don’t seek limit-up, but seek continuous rise — refers to traders’ psychology of not aiming for a coin to hit the limit-up but to keep rising steadily. Continuous limit-ups are hard to sustain and limited in magnitude, but daily increases can last long and go high.

Able to win big, able to lose big — after making profits, do not become complacent or arrogant; stay calm, avoid overconfidence, and analyze causes of losses to improve. After losses, do not be overly dejected or blame others; instead, analyze rationally, find root causes, learn lessons, and avoid repeating mistakes.

Missing opportunities means risking big — refers to the mindset of always wanting to seize every profit opportunity and feeling guilty about missed chances, which can lead to difficulty avoiding big risks. The proverb reminds traders that opportunities are endless; don’t dwell on missed chances but focus on risk management.

Identify major trends to earn big — also “See the big trend to earn big, see the small trend to earn small, ignore the trend and don’t make money” — indicates that recognizing the overall market trend (bull or bear) is key to big profits; also, economic development and sector directions matter.

Sharp bottom, unstoppable power — refers to a V-shaped reversal at the bottom, with significant subsequent gains.

Rebound is not the bottom, the bottom does not rebound — indicates that a rebound during a decline is not the bottom; the bottom will not rebound.

Five consecutive lows at the bottom, a sign of a dark horse — refers to five consecutive small bullish candles at a low point, indicating a strong upward move ahead.

(Generally, these are small to medium candles below 5%; if five candles are 7-8% or more, the rise has already been substantial, and further gains are limited.)

One bullish engulfing ten bearish candles, turning yellow earth into gold — originally “One bullish engulfs ten bearish, turning yellow earth into gold,” modified by grassroots Chen Jinsong. Indicates that after several small bearish candles, a medium-large bullish candle breaks through the highest of these bearish candles, signaling a bullish trend.

Volume expands at low levels, long bullish candles, rally horn sounds — indicates that at low prices, with significant volume increase and long bullish candles, prices are likely to continue rising, a good entry point.

Kick out a big dark horse — created by retired military officer and securities expert Tang Nengtong, refers to a pattern resembling a woman’s foot (heel on the left, toes on the right) formed by 5, 10, and 20-day moving averages at the bottom after a sharp decline, with a W-shaped bottom, where the right shoulder is shallow and elongated, predicting a big move. The more standard the pattern, the more accurate the forecast; best to buy when the 5-day crosses above the 10- and 20-day moving averages, forming a golden cross, or at the right shoulder bottom.

Half-year moving average turns up, decisive buy — indicates the 120-day MA turns upward, signaling a big rise is imminent; buy decisively.

Price above the annual line, a talented horse appears — indicates the price stabilizes above the yearly moving average (not falling below during pullbacks, with an upward trend), promising a big rally ahead.

When traders stop watching screens and play poker, it’s time to bottom — refers to large traders in securities firms not watching coin prices but playing poker; after 2-3 months, the market bottom is near, and it’s time to buy. (Buying at the lowest point is impossible.) This proverb advises maintaining independent thinking and clarity during potential turning points (near tops after big rises, near bottoms after big declines), avoiding following the crowd. During steady trends (bull or bear), follow the trend and herd mentality, which can also lead to profits or avoid losses.

Upward channel, the way to profit — after an upward channel forms, prices will rise within it, possibly breaking the upper boundary for rapid gains, offering good profit opportunities. An upward channel is drawn by two parallel lines connecting the two tops and bottoms, slanting upward to the right; prices move within this channel. A downward channel is formed when prices run within parallel lines slanting downward. Rebound within a downward channel is risky.

A thousand gold can’t buy a bull’s turn — indicates that after an asset establishes an uptrend, a correction during the rise is a rare entry opportunity. Usually, strong coins have a technical correction of about 20%. See later sections for the “Bull Turnaround Strategy.”

Three jumps, exhausted luck — “The coin jumps three times, luck is exhausted,” or “The coin jumps three gaps, luck is exhausted,” indicates that if only general positive or negative news causes three consecutive gaps, the upward or downward momentum may be depleted, and the trend may turn; if major news occurs, the three gaps may not signal a reversal. Usually appears in high-control small and mid-cap coins; downward gaps are more common. Due to regulations, coins that rise 20% in a day must suspend trading; typically, two gaps occur. Restructured ST coins often show 20-30 consecutive gaps after resumption.

Monthly line does not break down, brightness ahead — indicates the 30-day MA stops declining, suggesting at least a rebound is coming.

Volume contraction during decline will lead to further decline; volume expansion during decline will rebound — in a bear or downward trend, early on, if volume drops during a decline (or volume is similar to the top), it shows both buyers and sellers are active, with more optimistic traders, so when sellers decrease (most are just taking profits, not expecting a bear market), prices rebound. Later, if volume contracts during a decline, it’s because sellers are many and buyers are few, signaling a bear market; with few buyers, sellers lower prices to sell, causing further declines.

Red three soldiers followed by continuous gains, black three soldiers followed by continuous drops — after a red three soldiers pattern (rapid influx of funds) at a low, a big rise follows; after a black three soldiers pattern (three similar medium bearish candles) at a high, a big decline follows. Red or black three soldiers during an uptrend are less reliable. On weekly, monthly, or yearly charts, their significance diminishes.

Rising price with increasing volume, market is bullish; falling price with decreasing volume, market is bearish — indicates that after bottoming, rising prices with increasing volume often mark the first phase of a bull market; falling prices with decreasing volume occur during corrections in bull markets and throughout bear markets.

Golden cross enters, death cross exits — also called “Golden cross for entry, death cross for exit,” refers to technical indicators like MA, MACD, KDJ, RSI, etc. When a golden cross appears, buy; when a death cross appears, sell. It’s best when multiple indicators confirm the cross. Since golden and death crosses often occur in quick succession, traders can wait for confirmation before acting.

Hundred days at bottom, three days at top — also “Three years on the ground, three days in the sky,” refers to price movements often oscillating at the bottom for weeks, months, or years; tops form quickly, lasting days or months, sometimes just one day. Bottom building should be gradual and in stages; top selling should be decisive, and early selling at the top is better than trying to buy back later.

All bearish, bottom near; all bullish, top not far — indicates that when investors are overwhelmingly bearish, a bear market is ending and the bottom is near; when overwhelmingly bullish, a bull market is ending and the top is near.

Leading coins rise before the market, necessarily fall before the market — originally “Coins leading the market up will lead the market down,” adapted by grassroots Chen Jinsong. It means that when leading bullish coins top out, the overall market will also top out and decline.

When others are greedy, I am fearful; when others are fearful, I am greedy — Buffett’s famous quote. When prices surge and investors are euphoric, market is prone to sharp declines; at such times, be fearful and ready to sell. When prices fall sharply and investors are disillusioned and fearful, prices may rebound sharply; at such times, be joyful and ready to buy. This is reverse thinking at market tops and bottoms.

Performance is the eternal theme — indicates that the market will always hype coins with good performance.

Garbage coins are worse than garbage — an overseas proverb, meaning that the rise of trash coins is rare and hard to grasp; avoid easy involvement.