A seasoned crypto veteran with a net worth over a billion says: In the crypto market, don't mess around with less than 100,000 in funds. I came up this way: obsessively focus on one or two coins, and by doing so, you can surpass over 80% of other investors!

For small funds, you must concentrate your investments. Focus on one or two coins, master them thoroughly, and avoid spreading yourself too thin. Concentrated positions mean focused energy, good timing, and the right position—ultimately leading to better returns.

First: Build a core position. Divide half of your funds into two or three purchases. Build five layers. Split your money into two halves: one for establishing the core position, and the other to keep in reserve. Divide the 50% into 2-3 parts, then choose sectors you're familiar with or the main market themes. Buy one or two layers each time the price drops by 20%. This gives you three opportunities to add positions. When a sector drops 50-60%, that’s an extreme market condition. At this point, you can use your reserve funds. Remember, this is only half your total funds. Maintain a calm mindset: whether prices go up or down, you should be happy overall. If prices rise, you start making money; if they fall, you can buy more! So, initially, be conservative—don't go all-in right away. Usually, the bottom isn't fully in yet, so respect the market. Use just one or two layers to test the waters. Always control your position size. Even if you lose money, only half your funds are at risk. You can recover later through skillful trading!

Second: Keep a floating position for swing trading. When your five layers are in, you can profit from swings. This depends on two scenarios: if the initial five layers don’t rise, it’s likely an extreme market. That’s actually the best time to add more. Look at 2015’s Baijiu (white liquor) market—when the catalyst event hit, those who endured the extreme conditions made big money. Or 2018’s US crude oil—oil prices nearly fell 80%. Buying oil then and holding for a year could have doubled your investment. Oil still has opportunities. Or consider 2021’s Chinese internet stocks—Alibaba at 70, Tencent at 200, Xiaomi at 10. Just buying one of these coins back then would have been profitable now. Even if you don’t understand much, holding an index like the Hang Seng Tech or China concept stocks would have yielded significant gains. Opportunities appear every few years: the 2001 internet winter, the 2008 financial crisis, the 2018 crypto crash. Every crisis is a chance to profit. Crises are dangerous but also full of opportunities. If you buy during big drops and keep trading, you can even lower your average cost.

Third: Use the last two layers as a safety net for emergencies. The final two layers can serve as a safeguard—80% of your funds can be invested in crypto profits, while 20% is kept as a reserve for unexpected needs. Crypto trading requires profits, but life requires savings. Buffett does this—always keeping 20% cash flow. No matter how extreme the market, Buffett remains calm because his cash reserves secure his life. That’s why Buffett can survive long-term and thrive. Many people look down on Buffett’s modest returns or say he’s afraid to fully invest. When we first started trading, a few double-up opportunities made us think Buffett was mediocre. But over time, Buffett remains Buffett, while many have left the crypto market. Keeping 20% in reserve shows respect for the market and provides a safety net for life.

Fourth: Good rhythm and mindset are key to making money. Whether you’re a small investor or a big one, find your rhythm, understand your style, build your system, and adjust your mindset. When you realize that contentment surpasses arrogance, you’ll see that the crypto market is a game. Life is about experience. We should earn when we can, enjoy life when we should. Money is our chip, the market is our tool, and life is our seasoning.

Finally, I hope everyone can start from small funds and grow gradually. The crypto journey is also a life journey. Just like when we were young—focus on studying well. That’s about mastering one point well. After 20-30 years old, work with a good boss. Between 30-40, do what you love. After 40, do what you’re good at. Many people enter the crypto market at 40. Someone asked if it’s too late. Munger said: “You’re not truly ready for value investing until after 40.” Munger meant that money earned before 40 is experience; money earned after 40 is wealth. Munger himself went bankrupt three times before 40. Zhang Yongpeng only truly understood investing after 40. So, 40 might just be the beginning. At this age, you have life experience, life wisdom, respect for the market, understanding of wealth, and a relatively objective view of the world’s development. That might be the moment you can truly start making money.