2025 is about to turn the page. First, I wish everyone smooth trading. But to be honest, if you've been losing money throughout this entire year, it’s not necessarily because you lack skill; mainly, the market dynamics have become unrecognizable.

Friends who entered the scene this year should have felt it — indexes rising, stories abundant, yet you’re either repeatedly shaken out or losing more and more, and in the end, getting played by small platforms. I’ve summarized a few key points of this round of market conditions, so I’ll be straightforward.

**First, don’t use the same tactics as the last bull market**
Stories of quick reversals are basically gone. The current trend exists, but the wave-following momentum is gone — volatility and shakeouts have become standard. Still dreaming of a continuous rise to the top? Most likely, you’ll get trapped halfway up.

**Second, the primary task for beginners is to stay alive, not get rich**
Some people make a quick profit and think they’ve gained enlightenment, only to pile on more and more positions. Remember the basics — no full positions, control risks, don’t be driven by emotions. Those who can limit losses have the confidence to talk about returns.

**Third, don’t touch coins you don’t understand, no matter how tempting**
If you can’t explain the rise or fall, can’t see who’s taking the other side, and can’t find a basic logic, then your investment isn’t real investment — it’s just giving away money. When your understanding isn’t deep enough, stick to mainstream coins and stay away from those tricky schemes.

**Fourth, hot sectors rotate too quickly — if you can’t chase, don’t chase**
The most obvious feature of this round is the insanely fast sector rotation. By the time Weibo and WeChat are blowing up, the big players are probably already pulling out. For most people, holding core coins as a stable foundation and allocating some funds to small coins for opportunities is the way to survive long-term.

**Fifth, the rhythm originates from overseas, not domestic opinion**
Policy directions, spot ETFs, big institutional moves — these are first reflected in overseas markets. By the time domestic communities are discussing intensely, the first wave of market gains has often already been pocketed.

It’s never about how brave you are, but about your understanding of the market and reaction speed. Those who can survive the cycle steadily are the ones qualified to harvest the final wave of profits.