#美联储重启降息步伐 What do people who can truly make consistent profits in the cryptocurrency market actually go through?

To be honest, most people go through the journey from "being taken advantage of" to "achieving stable returns." The only difference is that some figure it out in three years, while others are still stuck in the same place after ten.

I’ve broken this journey down into five stages—see which one you’re in:

**[Stage One: Newbie Halo Period]**

When you first enter the space, you might make quite a bit just following trading signals in communities.
Someone says a certain coin is about to take off, you jump in, and it really goes up;
Someone says to hold no matter what, you resist selling, and eventually there’s a rebound.

In a bull market, it’s way too easy to double or triple your account, which gives you the illusion—you think you’re exceptionally talented.

But the harsh truth is: profits made from luck will eventually be returned if your skill level isn’t there. And usually, with interest.

**[Stage Two: Technical Development Period]**

After experiencing a few liquidations, missed opportunities, or getting stuck in positions, you start learning like crazy.

How to read candlesticks, use indicators, judge trends—you study it all.
You can draw support lines, find resistance points, and even anticipate pullbacks in advance.

But here’s the problem: understanding doesn’t mean you can hold your position.
When it’s up, you’re afraid of a pullback and sell early; when it’s down, you’re afraid of missing out and jump back in.
Emotional control and execution become the biggest weaknesses at this stage.

**[Stage Three: Systematic Trading Period]**

At this point, you finally have your own strategy.

When to open a position, what signals to use for stop losses, when to hold cash and watch—all with clear rules.
You no longer chase hype or change your plan because of others’ opinions.

You start treating trading as a "probability game" instead of a "prediction game."
Winning six out of ten trades is enough, because you’re controlling your losses.

At this stage, profits no longer rely on luck, but on the replicability of your system.

**[Stage Four: Capital Management Period]**

Once your capital reaches a certain size, your approach completely changes.

You no longer go all-in on a single coin, but layer your positions and adjust dynamically.
You start to position yourself in narrative-driven sectors ahead of time, instead of chasing pumps and dumps.
Trading frequency drops, but your win rate and risk-reward ratio improve significantly.

You might even get into primary markets, on-chain arbitrage, node staking, and other higher-level strategies.
At this stage, you’re making money with capital logic, not hustling like a retail investor.

**[Stage Five: Ecosystem Participation Period]**

At this level, you’re no longer just a trader.

You might be investing in early-stage projects, running communities, or participating in protocol governance.
You’re no longer making money from price swings, but from the overall growth of the industry.

You go from "picking up money in the market" to "helping create money in the industry."
This is the true logic of a top-tier player.

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Over the years in the crypto space, I’ve seen too many people rise and fall.

Some make ten years’ worth of money in one year only to lose it all again;
Some climb slowly, but improve every year, even if progress is slow.

The difference isn’t luck, but whether you’re aware of which stage you’re in—and whether you’re willing to upgrade.

If your mindset doesn’t improve, no amount of methods will help.