New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
How to Participate:
1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
3. Share your real experience with the new version, such as:
Key new features and optimizations
App smoothness and UI/UX changes
Improvements in trading or market data experience
Your fa
I have seen too many people rush into the crypto world with dreams of getting rich quickly, only to disappear in less than three months. It's not that they didn't work hard, but that their efforts were all directed in the wrong way — obsessing over hundreds of times coins, but never asking themselves a fundamental question: how can I avoid bankruptcy?
Today, I won't talk about secret ways to make money, only about how to stay alive and exit. Because honestly, as long as you survive, making money is not a big deal.
**The underlying logic of surviving in the crypto world is this one sentence**
When I first started trading, an experienced trader told me: "The crypto world doesn't lack stars, it only lacks people who last long."
Those who get rich quickly often also exit quickly. And those who can survive with profits have mastered a core principle: first think about how to lose, then think about how to win.
This is completely opposite to most people's thinking. Everyone is calculating "how to make 10 million," but few seriously ask "how to prevent losing all my principal."
Look at some certain death routines, and you'll understand:
Going all-in without setting stop-loss? Bankruptcy. Frequent trading? Transaction fees will eat away your profits in minutes. Using full leverage to gamble on one side? One reverse gap can GG you. Holding against the trend and refusing to admit mistakes? Just wait for liquidation.
Eliminate these guaranteed losing behaviors completely, and the remaining path is your only way out.
**Three types of thinking, instantly defeating most retail investors**
**Contrarian thinking: Consensus is often wrong**
When the entire community is shouting "Bull market is coming," or "Bitcoin will break 100,000 soon," you should instead be extra vigilant. Market sentiment is like a pendulum, swinging wildly between two extremes.
The real opportunity is hidden in controversy and panic. For example, when Bitcoin dropped to $15,000 in 2022, the market was full of lamentations, but that was actually the starting point of the biggest rally later on.