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The crypto world has never lacked stories of overnight turnarounds, nor has it lacked gullible investors chasing gains and selling in panic. But there is one person in the circle who, over the course of 8 years, has stubbornly used the "dumbest" method to become a winner.
This guy is Uncle Chen, in his early 40s. He turned 80,000 yuan of principal into 29 million through long-term, steady management. No contracts, no insider information, no meme coins—completely a different way of life.
Now, his life is so simple it’s hard to believe he’s in the crypto circle—second-tier city with 4 properties: one for himself, one for his son's wedding, and the remaining two rented out for stable cash flow. While others stay up late watching the market, he takes walks and spends time with his family. Market fluctuations no longer excite his nerves.
He never denies that luck played no role in his success; it’s all about strictly following six principles. These principles, frankly, are about reading the signs—understanding market psychology and following the capital flow.
**First: Recognize the direction with slow rise and rapid fall.** A slow increase followed by a small correction? That’s big funds accumulating strength. Conversely, a rapid surge with no rebound is a signal to escape. When prices surge quickly, those rushing to buy the dip often suffer the worst losses.
**Second: Volume expansion at the top is not necessarily dangerous, but shrinking volume during sideways movement is.** High volume at a high level may continue the trend, but shrinking volume during consolidation? That’s basically a sign the top is near. The most terrifying is when there’s no trading at all—lack of interest is the biggest danger.
**Third: Confirm the bottom multiple times.** Don’t treat a single large bullish candle as a sign of the bottom; a rebound after a sharp decline is often a trap. The true bottom should be a process of gradually stabilizing with increasing volume.
**Fourth: Candlestick patterns reflect emotions, but volume is money.** Candlestick charts show crowd psychology, but volume is the real money flowing in and out. When price and volume diverge, a market reversal is inevitable.
**Fifth: Holding cash is also a way to make money.** Don’t aim to be fully invested every time; be willing to stay in cash when you don’t understand the market. Enduring the loneliness of holding cash often allows you to catch the most lucrative waves in a bull market.
This set of principles may sound unremarkable, but very few can stick to them long-term. The crypto market cycles between bull and bear, with repeated rotations. Only rules like these can withstand the cycles.
Protect your principal, abandon impatience, and wait. No gambling, no impulsiveness—steady profits. This is not just a slogan; it’s a living example from 8 years of experience.