Recently, my backend has been bombarded with a so-called "Immortal Rule": the market will profit if it rises for 4 consecutive days, and will neither profit nor lose if it falls for 4 consecutive days. There are also a bunch of investment tips following the trend—don't sell after earning one or two thousand, don't panic if you lose, just hold long-term with your eyes closed, and in the end, you might forget what assets you even have, turning into a winner.

It sounds very tempting, but I must say: if you play this theory poorly, you'll probably turn your principal into bubbles.

I've been in the crypto market for 8 years, experienced 3 complete bull and bear cycles, and what I want to honestly say is—long-term holding does not mean closing your eyes and pretending to be dead.

Let's start with the biggest misconception: treating "lying flat long-term holding" as a get-out-of-jail-free card. Many beginners think like this—don't dare to sell when it rises (fear of missing out), comfort themselves when it falls (holding will make it rise), and even genuinely hold onto their current positions as if they are their boyfriends, ignoring what they own and feeling less bothered. But this is precisely the most fatal mistake.

The crypto market has never had a strict rule like "rising for 4 days in a row guarantees profit, falling for 4 days in a row guarantees no loss." Do you know how crazy market fluctuations can be? Just a few days ago, everyone was celebrating, and the next second, a regulatory news could cause a 15% plunge. Those so-called "rules" are just coincidences in short-term market trends—if you rely on them, you'll lose.

Even more problematic is this: a fan once listened to some advice, holding onto a small coin with no real application. He initially made over $3,000 profit but stubbornly held until an 80% loss, and finally, the project team ran away, leaving him with nothing. That’s the typical outcome of "lying flat and holding."

So remember: the premise of long-term holding is not mindless death-pretending, but based on rational judgment of the project's fundamentals. You need to know what you're holding, why you're holding it, and when to cut losses. That’s the true long-term strategy.