Opportunities the market gives you often can't wait for you to think twice.

At the end of 2023, when I entered the market, I had less than 50,000 yuan in idle funds in my pocket. During that time, Bitcoin had just rebounded from the bear market bottom, and the entire market was shrouded in an atmosphere of "believe it or not." I was no different from most beginners—wanting to jump in on the trend but also afraid of stepping into traps.

No one expected that by the fall of 2024, my account would hold over 1.5 million. In other words, it had multiplied by 187 times.

Does that sound like a fairy tale? Not really. This is not luck bestowed upon a chosen one, but a market law discovered through repeated losses—making money in the crypto world is much simpler and more brutal than in traditional stock markets.

**Paying tuition is unavoidable**

The mistake I initially made was the same as 99% of newcomers. Seeing a certain coin suddenly surge, I rushed in; hearing "insider news," I wanted to go all-in. April 2024 was a watershed moment—my holdings dropped from 170,000 to 50,000 in an instant, and I still remember that feeling vividly.

What was the biggest foolish act? Using the traditional stock market logic of "hold on firmly if fundamentals are good" to trade crypto. I held onto an old coin, thinking it would eventually turn around, but in doing so, I missed the wave of new coins. That made me realize that the frequency of market movements in crypto is completely different from stocks—its rhythm, logic, and rules are two separate systems.

That lesson led me to a core understanding: **Stop-loss is far more important than take-profit**.

Before each position, you must preset a stop-loss point; if it falls below, cut immediately. It sounds simple, but executing it is against human nature. Yet, it is this discipline that pulled me out of the repeated trap of being caught. Looking back at those who held on during the bear market, most were forced to sell at some rebound point. The rules of the crypto game are different—only those who dare to act and dare to stop-loss are rewarded.