When it comes to investing in the crypto world, the most striking thing is the vastly different outcomes—some people see their 30,000 yuan grow hundreds of times, while others keep losing money amid market fluctuations. What exactly is the difference behind this?

I know a friend who has been in the crypto scene for many years. He started with 30,000 yuan, and now his account value has surpassed 32 million. Once, during a chat, he said something that left a deep impression on me: "The crypto market is just a gathering of mobs. As long as you can control your emotions, this place becomes a cash machine."

This statement sounds simple, but it hits the core. To survive in the crypto world, luck and technical analysis are not enough; more importantly, mental state management is key. Staying calm and having the right strategy will naturally open opportunities in the market. He later shared some practical insights with me, which I think are worth discussing.

**Don’t rush to make big money immediately after entering**

Many beginners are excited when they start, eager to double their money in a day. But this isn’t a sprint; it’s a marathon. Steady positioning is the correct approach. Don’t rush into the hype; test the waters with a small portion first to understand the market’s temperament. This way, you can avoid being quickly caught in a trap.

**Consolidation periods are actually the best opportunities**

Many people get annoyed when they see sideways movement, but in fact, this is when it’s easiest to make money. If the price consolidates at a low level and makes new lows, it’s time to heavily buy the dip. If it consolidates at a high level and breaks upward, decisively reduce your position or take profits. As long as you identify support and resistance levels, you can profit steadily amid volatility.

**Maintain your rhythm during market fluctuations**

When the market surges, be willing to sell; when it plunges, be brave to buy. The toughest part is during sideways consolidation—patience is needed to observe and wait for the market to give a clear direction. Those who can catch rebounds and pullbacks are usually on the winning side.

**Be clear about entry and exit timing**

This is the classic contrarian thinking: be cautious when others are greedy, be brave when others are fearful. Buy on bearish candles and sell on bullish candles; a sharp decline in the morning is an entry point, while a big rise suggests it’s time to consider exiting. The key is not to blindly follow the trend and chase highs or sell lows.

**Risk management always comes first**

This is the most important—never go all-in or gamble everything. Enter in batches, cut losses promptly, and take some profits when available. Always keep a clear head. The big waves in crypto can come at any time; only by controlling risks can you survive longer.

These principles seem simple, but behind them are countless traders’ blood, sweat, and tears. Learning to stay calm and patient, the opportunities in the crypto world are always there—it's just a matter of whether you can seize them.