#Gate广场新手村第五期 【 Stay clear-headed in a bull run, stay calm in a Bear Market】

Hello everyone, I am Rhino Bro, an old investor who has been floating in the crypto market for ten years. Today I want to share some real insights from my experiences in the crypto space. The first lesson the market taught me is not how to "get rich quick," but how to protect my mindset and capital in this highly volatile and emotional field.

Bull run: When the carnival becomes the norm, staying sober is the greatest discipline.

I remember during the peak of the bull run in 2021, the market was filled with the frenzy of "buying anything would make a profit." My friends around me were going all-in, and some even borrowed money to leverage. However, I did something that seemed "against human nature" at that time: I took profits in batches.

It's not because I'm not greedy, but because I've experienced the crash of 2018. During the bull run, I adhered to several principles:

1. Don't FOMO (Fear of Missing Out): When a project is gaining popularity, first ask yourself, "Do I understand it? Is its valuation reasonable?"
2. Set profit-taking targets: extract a portion of the profits proportionally, leaving the principal and profits to continue rolling.
3. Stay away from "all-in culture": no matter how good the asset is, it should not exceed 20% of the total position.

So what’s the result? I missed the last surge of certain coins, but I also avoided the subsequent drop of over 50%. The bull run taught me: the market will eventually reward those who maintain a sense of clarity amidst the frenzy.

Bear Market: When fear spreads, calmness is the last armor.

The Bear Market is the most testing place for human nature. Watching assets shrink, anyone would feel anxious. But it was during the deep bear market of 2022-2023 that I achieved the most important growth: from "trader" to "builder."

When the market is full of pessimism, I did two things:

1. Regularly invest in quality assets: buy in batches around BTC 20,000 USD and ETH 1,000 USD, regardless of short-term fluctuations.
2. Deepening Knowledge and Ecology: Learning DeFi protocols, researching ZK technology, participating in testnets—these things that are easily overlooked during a bull run have become the most valuable accumulation in a Bear Market.

The Bear Market is like a touchstone: it washes away the bubbles and leaves behind those who truly believe in technology and are willing to hold on for the long term.

My growth: from "price prediction" to "cycle understanding"

Once, I was obsessed with technical indicators and short-term trading, but later realized: no one can profit long-term by accurately predicting the market. The real breakthrough is understanding the 'cyclical nature' of cryptocurrencies:

· A bull run is an opportunity to cash out, not an opportunity to enter.
· The bear market is a time for positioning, not a time to exit.
· Short-term fluctuations are emotions, long-term trends are technical adoption.

Just like Bitcoin's four-year halving cycle, it's not just about supply changes, but also about the cycle of human nature and capital.

Sincere advice for newcomers:

1. Invest with spare money: This way you can sleep well during a crash.
2. Learning > Following Trades: Understanding the basic logic of blockchain is more important than blindly following trends.
3. Maintain a healthy mindset: The market will not always go up, and your life should not only revolve around candlestick charts.

Final insights:
In this market, perhaps the hardest part is not catching a hundredfold coin, but always knowing who you are and why you are here amidst the wild ups and downs. Remembering the risks during a bull run and staying true to your original intention during a Bear Market - this might be the best way to navigate through cycles.

Let's encourage each other with all the friends who are still on the journey.