"In crypto, longevity is ten thousand times more important than quick profits." Never All-in: Never invest all your funds at once. Even if you're 99% confident, that 1% black swan event (exchange collapse, regulatory ban, code vulnerability) can wipe you out to zero. Invest with Idle Money: Only invest money where "even if you lose it all, it won't affect your meals tomorrow, rent payments, and family harmony." Trading under pressure will definitely distort your decisions. Accept Zero-out Risk: Apart from BTC and ETH, 99% of other altcoins have close to a 90% probability of going to zero in the long term. Don't treat altcoins as heirlooms.
1. Survival First: Your Principal is Your Life
"In crypto, longevity is ten thousand times more important than quick profits."
Never All-in: Never invest all your funds at once. Even if you're 99% confident, that 1% black swan event (exchange collapse, regulatory ban, code vulnerability) can wipe you out to zero.
Invest with Idle Money: Only invest money where "even if you lose it all, it won't affect your meals tomorrow, rent payments, and family harmony." Trading under pressure will definitely distort your decisions.
Accept Zero-out Risk: Apart from BTC and ETH, 99% of other altcoins have close to a 90% probability of going to zero in the long term. Don't treat altcoins as heirlooms.