Many people enter the crypto space hoping to double their investment overnight, but the investors who truly last long have a different set of logic in mind.

Warren Buffett once said: "Rule number one: Never lose money. Rule number two: Never forget rule number one."

It sounds like common sense, but this is the essence. In such a highly volatile market as crypto, risk control must be the top priority. It’s not about being so conservative that you don’t make any profit, but about surviving first so you have the chance to earn.

Most losses come from ignoring risk—full positions, leverage, chasing highs, listening to rumors. On the surface, it looks like chasing returns, but in reality, it’s playing Russian roulette.

Conversely, those who consistently profit first think not about how much this trade can make, but how much they could lose if the market moves against them. Setting stop-losses properly keeps your mindset stable, and your hands won’t shake.

Capital preservation is not conservatism; it’s a survival strategy. Only by protecting the principal can you have another opportunity.