That night when the K-line plunged, I was curled up in a room rented for 800 a month, the steam from instant noodles blurring the unbearable numbers on my phone screen.

What happened in the winter of 2019? My third Bitcoin contract account was liquidated. The feeling at that time was quite strange — not anger, not sadness, just a pure sense of emptiness. The forums around me were still shouting "add more positions to bottom fish," but I knew that tomorrow, many people wouldn't even remember their login passwords.

The crypto world has never lacked stories of wealth creation, but stories of bankruptcy and being forgotten are even more numerous.

Over seven years, I have watched over 200 market crashes unfold, from the relics of Mentougou to the explosion of LUNA. It is these bloody experiences that have taught me a truth: those who survive in this market are not because they can predict the future, but because they stick to discipline.

Let me start with the most painful lesson.

When I first entered the circle, like most rookies, I was obsessed with chasing big V influencers and various "teachers." As soon as they spoke, my wallet would open. The result? I was harvested again and again. Only later did I realize that the most toxic lie in the crypto world is "guaranteed profit." Those accounts showing off their trades on Twitter will never mention that they also got liquidated. Those signal groups led by mentors might just be mouthpieces for certain project teams.

There is only one truly reliable signal: where the money flows.

Now I only watch the flow of funds. The movement of large capital is far more honest than anyone's words. That’s the difference — some focus on "gods" and predictions, while others focus on real gold and silver. Choosing the right direction doubles your chances of survival.