Investing in cryptocurrencies, the easiest way to lose money is to chase highs and sell lows. I have seen too many beginners rush in during a coin's price surge, only to cut their losses and exit. In fact, value investing is entirely feasible in this market; the key is to find the right timing and targets.

Bitcoin is the most classic example. During the worst of the 2018 bear market, BTC dropped to $3,000, and many thought it was doomed. But if you look closely at its essence— the world's first decentralized asset, a fixed supply of 21 million coins, and the strongest network effect—you realize this is not death, just a shakeout. Those who positioned themselves then reaped enormous rewards by 2021, and everyone saw that clearly.

Ethereum follows a similar logic. In early 2020, ETH traded sideways between $100 and $200, and many found it uninteresting. Then the DeFi ecosystem suddenly exploded, with various applications emerging, coupled with expectations for Ethereum 2.0. Within a little over a year, it surged above $4,000. Investors who held firm at the lows saw returns beyond imagination.

Let's also look at some emerging projects. Solana attracted a large number of developers due to its fast transaction speeds and low fees, and early entrants at low prices enjoyed the benefits of ecosystem expansion. Chainlink, as a pioneer in the oracle sector, gradually released value as its application scenarios expanded. These are not luck; the fundamentals supported the prices.

When entering the crypto market, what you need is not frequent trading, but these core principles:
First, set clear goals and avoid blindly going all-in. Second, choose carefully and don't buy everything. Third, keep accumulating and use time to gain space. Fourth, adjust appropriately based on your position progress to protect profits. Fifth, maintain basic risk management awareness.

To put it simply, the true logic of making money is: calmly position yourself when others panic, and gradually reduce holdings when others are crazy. Chasing highs always results in being trapped, while those who position at lows are the ultimate winners.