How to Win in the Crypto Assets Market in the Long Run?

The Crypto Assets market is a field full of opportunities and challenges. To survive in this market long-term and achieve success, one needs to have the right mindset and strategies. Here are some key suggestions to help you stay invincible in this ever-changing market.

1. Protect Capital

After the market plummeted by 75% in January 2018, many investors learned their lesson. During the bull market of 2020-2021, they took profits and exited in time. This highlights the importance of capital protection. Remember:

• Never disclose your mnemonic phrase or private key to anyone.
• The world of Crypto Assets is like a dark forest; once exposed, no one can save you.
• No customer service can recover your losses

2. Wise Trading

The crypto market mainly has two viewpoints: long-term holders and short-term traders. Long-term holders advocate for regular purchases and holding, while traders believe in frequently adjusting positions based on market changes.

Both strategies have their merits. For long-term holding, BTC and ETH are relatively reliable choices. However, it is important to note that most tokens struggle to maintain their value over the long term. Therefore, it is also necessary to learn some technical analysis knowledge, which can help you determine the timing of buying and selling.

Beginners can practice trading in a demo account to familiarize themselves with market fluctuations. Remember not to go all-in or use excessive leverage, as this can lead to significant losses.

3. Continuous Learning

Ally with like-minded individuals and learn from the smart people in the industry. You can regularly engage in discussions with founders, developers, and others. This can provide you with new inspiration and accelerate your learning process. However, also maintain independent thinking and do not blindly follow others.

4. Responding to Market Fluctuations

The efficiency of the encryption market is relatively low, and entering new projects early may yield high returns. However, trends change quickly; what is popular today may become a bubble tomorrow.

Therefore, position management is crucial. You need to think carefully and do thorough calculations before entering a position. If you cannot explain the source of a certain DeFi project's returns in simple terms, then you are likely the "source of returns."

5. Enhance Influence

To succeed in the crypto space, it's important to be able to quickly adjust your views. Don't stick to a particular ecosystem; adapt to market changes. Acknowledging wrong judgments and stopping losses in a timely manner is also crucial.

A good way to enhance your influence is to create content on social media, such as Twitter threads, YouTube videos, blog posts, etc. Choose a medium you excel in and maintain consistent output. Find your unique strengths and leverage them.

6. Pay Attention to Opportunity Cost

Don't miss better opportunities due to anchoring bias. For example, even if at a loss, consider selling underperforming coins and reallocating the funds to projects with better fundamentals.

When working full-time in crypto-related jobs, it is important to weigh the opportunity cost. Ensure that you have sufficient funds in reserve before making a decision.

7. Cherish Time

Outsource low-value tasks as much as possible and focus on your core strengths. Being overly frugal can waste valuable time; learn to allocate your time wisely.

8. Leverage Your Strengths

When joining a startup, choose the field you are best at. Besides development, positions like marketing are equally important. Look for market gaps, such as writing easy-to-understand documentation for complex DeFi protocols.

9. Set Goals

Set specific financial goals for yourself, which helps maintain focus. Setting some milestone rewards can also increase motivation. There are various ways to make money in the Crypto Assets field, such as trading, DeFi, NFT, etc., but focus on the area you are best at.

10. Maintain Balance

When you achieve success in the crypto space, you may find that money does not bring about the changes you imagined. Therefore, it is important to set more diverse life goals, not just wealth goals. A colorful life is what brings true happiness.