I've heard an old-timer in the crypto circle say this: This market doesn't lack stars; what it lacks are people who can survive.
At first, I didn't quite understand. I was still trading short-term, studying candlesticks every day, doing futures contracts, and ended up being liquidated countless times. I thought I had found a pattern, but it was all an illusion. Later, after experiencing the black swan event on October 11, watching a group of so-called "top traders" go to zero right before my eyes, I finally had an epiphany.
That's when I realized that the so-called "opportunities" in short-term trading are actually traps. Market fluctuations seem to follow patterns, but in reality, they are filled with unseen manipulations. Those who trade longs and shorts daily, relying on high leverage to gamble, mostly can't escape the final blow of liquidation.
Who truly survives? Those who trade spot, have patience, and hold chips at relatively low points. They don't make quick money, but they also can't die. This is what we call "longevity traders"—those who survive long enough in this market and can preserve their principal.
Later, I also changed my approach, shifting from short-term trading to spot trading, and my mindset became much calmer. The market is always there; only those who can afford to wait will be able to laugh last.
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BlockchainNewbie
· 14h ago
Really, short-term trading is just gambling. I only understand after losing money.
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Spot trading is the real way; contracts are just machines for cutting leeks.
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Living longer is more valuable than making quick profits. That's really true.
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Holding bottom chips for years without panic—that's the real way to survive in the crypto world.
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Those who got liquidated were just too greedy, insisting on taking that one big shot.
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From the moment you switch from short-term trading to spot trading, your mindset changes, really.
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Seemingly regular fluctuations are actually just the market playing tricks. Wake up, everyone.
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The longevity expert is right; surviving is winning.
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Leverage, when played by ten people, nine will blow up.
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With enough time, your account can speak for itself. No need to boast.
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ProposalManiac
· 15h ago
This article has some insightful points, but I have to pour some cold water— the standard of "survival" itself is quite vague. The bottom chips you mentioned, what is considered the bottom today might not be the bottom tomorrow, isn't that still a gambling issue? It's just that the betting cycle is longer.
True mechanism design should ensure that participants' incentives are aligned, rather than relying on mindset and patience as metaphysical factors. Short-term traders tend to fail, while spot traders survive; essentially, it's still survivor bias. You just don't hear the voices of those who lost the most in spot trading.
The market is always there, that's correct, but the key is whether your trading system has a systematic anti-fragile mechanism. Merely changing strategies without changing the underlying thinking framework will eventually lead to pitfalls.
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Blockwatcher9000
· 15h ago
That's so true. High leverage is really the graveyard of greedy ghosts.
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ApeEscapeArtist
· 15h ago
Those who got liquidated really should reflect on it; playing with high leverage is just gambler's mentality.
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MeltdownSurvivalist
· 15h ago
Back then, liquidation was really outrageous. I still remember that blood-red line on the account, haha.
I've heard an old-timer in the crypto circle say this: This market doesn't lack stars; what it lacks are people who can survive.
At first, I didn't quite understand. I was still trading short-term, studying candlesticks every day, doing futures contracts, and ended up being liquidated countless times. I thought I had found a pattern, but it was all an illusion. Later, after experiencing the black swan event on October 11, watching a group of so-called "top traders" go to zero right before my eyes, I finally had an epiphany.
That's when I realized that the so-called "opportunities" in short-term trading are actually traps. Market fluctuations seem to follow patterns, but in reality, they are filled with unseen manipulations. Those who trade longs and shorts daily, relying on high leverage to gamble, mostly can't escape the final blow of liquidation.
Who truly survives? Those who trade spot, have patience, and hold chips at relatively low points. They don't make quick money, but they also can't die. This is what we call "longevity traders"—those who survive long enough in this market and can preserve their principal.
Later, I also changed my approach, shifting from short-term trading to spot trading, and my mindset became much calmer. The market is always there; only those who can afford to wait will be able to laugh last.