The true threshold for making money in the crypto world has never been about having a strong market prediction ability, but about whether your mindset can withstand the pressure.

Recently, I had a casual chat with an old investor from Chongqing. Over 8 years, he turned 500,000 yuan of principal into over 50 million. I asked him how he did it, and he only replied: "There’s no secret, just don’t be greedy."

This statement sounds simple, but behind it is the survival wisdom he has accumulated through countless trades, numerous fluctuations, and even numerous losses.

**Do you really understand the pattern of rapid rises and slow declines?**

He has a particularly interesting observation: "When the price suddenly surges, then begins to slowly grind down, retail investors are most likely to get wiped out in this kind of trend." Why? Because most people are already terrified at this point, panicking and selling when they see the decline. But in fact, this stage is very likely when institutions are quietly accumulating.

There is an old saying in the stock market: "The market is born in despair, grows in hesitation, and dies in optimism"—and the crypto market has accelerated this rhythm by ten times. The quick rise followed by a slow decline is exactly the phase where retail investors are most likely to go crazy. Panic sell-offs are usually large volume, rapid, and rhythmless; while genuine accumulation occurs through a slow, rhythmic decline. They look similar, but their essence is completely different.

**Volume is the true voice of the market**

My friend also emphasized a detail: "High volume at a top doesn’t necessarily mean a peak, but shrinking volume during a decline is something to watch out for." This may seem like a technical observation, but the underlying logic is—when is the market most dangerous? Not when everyone is frantically buying, but when the enthusiasm cools off, trading volume drops, and prices are still falling.

Those who can hold their position without cutting losses at this moment have basically won more than half the battle. And this kind of resolve is really not something that can be built with intelligence alone; it can only be cultivated through repeated failures.

So instead of obsessing over how much a coin will rise or when it will top out, ask yourself first: can I resist following the trend in despair? Can I stay clear-headed in front of temptation?

This is the most valuable thing in crypto investing.