Bulls and bears have nothing to do with it: the crypto world's long-term survival logic
Author: Pickle Cat Original title: No Fear of Bulls and Bears: Crypto Rules for Survival Chapter 1: Your “Quick Money” mentality is the main culprit preventing you from making a lot of money — By Pickle Cat I bought my first Bitcoin in 2013. As an old leek who lived through a cycle of more than ten years until 2026, I have seen 10,000 ways in which this market created death and life. I've discovered that over this long period of time, there seems to be an iron law that cannot be ignored: in this circle, the definition of “winning” is never how much money you have earned. Everyone who has come into contact with this circle has earned money at least once, and even if he is small, he can become a “genius” for a short time. So what exactly is a “win”? It was you who made the money, and now, many years later, you are still able to keep that money. In other words, if you want to change your life through the coin industry, you first have to realize that this is not a “who earns the most” or “who doubles the most” competition, but a “who can live to the end” competition. However, the reality is harsh. Most “geniuses” have become fuel, and only a few people can successfully survive the next cycle, and among these survivors, only a few can actually achieve compound benefits. After 10/11, market sentiment once again returned to the dry period I was familiar with. On that day, I also lost a lot of friends I thought I'd be able to fight side by side in the coin industry for many years. Although this kind of “farewell” has been performed countless times, every time I encounter it, I subconsciously unravel some of the reflections I've written over the years. I think it's time to sort it out. To figure out the ultimate proposition: what exactly is it, and are there any characteristics that can be replicated in order to survive until the end in the coin industry? To this end, I also talked to a few old friends who are still active in the coin industry, so I came up with this article. This article is my exclusive opinion, a painstaking work. It will try to explain the following points: Why can some people survive in this cyclical “sea of blood” while others just return home alone? How can we maintain hope when the bear market hurts and we don't want to live? What do you have to do to become the person described above? In order to fully understand this principle, we must first get back to the basics. Please forget all the things others have told you about this circle. “The only real wisdom is to know that you know nothing” — the Socratic text will briefly explain the history of the development of the coin industry and the essence of the coin industry. Most new players will ignore these elements. After all, it is easy (painful) to know how to make money (lose money) by making an order right away. But according to my personal experience, it is precisely this secret that has been overlooked that makes people not afraid of bulls and bears, as the philosopher George Santayana said: “People who don't remember the past are doomed to repeat it.” In this article, I'll take you to understand: I. What exactly can make the coin market return, and how can I tell the difference between “starting the market” and “going back to the picture”? It includes 3 case studies and a basic “Judgment Criteria” II that you can directly use. What exactly do you need to do to increase your chances of catching the “next big moment”? III. What exactly do people who can cross multiple cycles of blood and continue to make money have in common? If you've ever “decentralized” your wallet in the coin industry, then this article is for you. I. The real driving force that freed the coin industry from the sideways market. Whenever people ask why the crypto market has stagnated, the answer is almost the same: a new story hasn't been born yet! The agency has not yet entered the market in full! The technological revolution hasn't started yet! Blame those market makers and KOLs who cut people! It's all because so and so the exchange/project/company are screwed up! These factors are indeed important, but addressing them has never been the real reason to end the crypto winter. If you go through enough bulls and bears, you'll see a clear pattern: the crypto market is once again flourishing, not because it's becoming more like the traditional system, but because it reminds people once again — the suffocating 778 of the old system. Crypto's stagnation is not due to a lack of innovation, nor is it just a liquidity issue. Essentially, collaboration fails — more accurately, stagnation occurs when the following three fail at the same time: capital is exhausted without interest, and the current consensus is no longer able to explain “why do we care about this circle”. In a situation where prices are weak, it is not because crypto is “dead,” but because there are no new elements that can enable new players to join forces. This is the source of confusion for most people. They always think the next cycle will be triggered by a “better, more explosive” product, feature, or new narrative. But these are just results, not causes. The real turning point, at a deeper level...
