The cryptocurrency market has been heading north recently. To be honest, I wouldn't say I'm overly excited. After years of navigating this market, I've seen too many people come in just to double their money and get rich, and I'm no exception. But if you observe carefully, you'll notice that those who survive all have their own logic.

My approach is simple. Besides top coins like BTC, ETH, and SOL, I basically ignore other altcoins. Why? Because most people in the market are not investing; they're gambling. The dreams of 10x, 20x, 100x returns have spawned countless retail investors. I used to be like that too; back then, I could really make money. Now, my expectations have lowered, and I’m satisfied with a 2x return.

The crypto world is never short of people; what’s lacking are the active ones. Most people make money by luck and lose by skill. That’s an unchanging rule. Watching candlestick charts, learning technical indicators—at the end of the day, if you have a gambler’s mindset deep down, you will be repeatedly harvested sooner or later. The derivatives market is a meat grinder; 99 times making money, but one loss can send you jumping off a building. Does that make sense?

For those who truly want to make money, my advice is straightforward: do spot trading. Take BTC as an example; my psychological price point is when it breaks below $2000, I start gradually building a position. Not because I’m trying to be overly precise, but because years of market experience tell me what price levels are more reasonable. There’s a saying: sometimes slow is fast, and rushing makes it easier to get caught. Rhythm is very important; this is something the market teaches everyone—it’s always brutal.

Speaking of the bull market. It’s now a consensus that liquidity has dried up, and funds are retreating. This routine has been played out many times. But this bear market is a bit different from previous years. October has become a watershed. If it weren’t for a round of massive payouts and capital support from a major exchange, a liquidation cascade would have already exploded. Although it has delayed the downward cycle, the overall direction of the big cycle cannot be changed. There may be a slight rebound after the new year, but overall, the outlook remains pessimistic.

But a crisis is an opportunity. Time is a wonderful thing; it filters out impurities in the market, just like aged wine, the longer it ferments, the more authentic the flavor. Stick to spot trading and let time do its work—sooner or later, the harvest will turn sweet again. Bitcoin, spot trading, or just spot—this is my obsession.

In the new year, I hope everyone can start a new chapter and embrace their own financial luck.