To survive long-term in crypto, remember these principles:

1. A thousand people, a thousand waves – only earn money within your own knowledge.

2. If you don't understand the market movement, staying in cash is also profit.

3. Cut losses short, let profits run; seek stability first, then pursue gains.

4. Respect cycles, never go against the major trend.

5. Emotion management is risk management.

6. Persist in reviewing trades, summarize experience from losses, and refine your system from experience.

Cognitive ability – doing the right thing – is a hundred times more important than doing things right. If your direction is wrong, the faster you run, the further you stray.