Since BTC exceeded US$100,000, the entire Crypto market has no longer experienced a steadily rising, but has become a continuous decline for 3 months. The word I have seen most recently is "returning to poverty". Many players who have made good profits have also fallen into new struggles.

On the one hand, BTC ETFs have made great efforts to enter the historical stage, and on the other hand, the market has deteriorated greatly. Faced with such a bad market at present, if you want to survive the ups and downs, you can no longer have the same idea as in the past few cycles, because we have to admit that the market has changed.

So, in the face of the current market that wants to scold X, how should we survive? The author has seen some good views and thoughts recently, so I will share them here.

You might as well think about a question first: in a high-level tennis match at the Grand Slam level, is it important to be skill or mentality, and which one is important if it is an ordinary amateur player competition?

To answer this question, Dr. Simon Ramo, a scientist and statistician, wrote a masterpiece about tennis strategy, "Extraordinary Tennis for Ordinary Players."

Through long-term observation, he found that there are two forms of tennis: one is a competition between professional players and a very small number of talented amateur players; the other is a competition between ordinary amateurs. Although the two use the same equipment and abide by the same rules, their essence is very different.

After systematic scientific statistical research, Dr. Ramo concluded: Professional players win games by actively scoring, while amateur players lose points due to mistakes. Professional players launch a long and exciting attack with precise and powerful batting, and forcefully push the opponent into losing points through continuous pressure. These top players rarely make mistakes. Their game is a "winner game". The winner depends entirely on the winner's active actions. Victory not only means getting higher scores, but also means suppression through active scoring.

Amateur tennis is in a completely different state. Exquisite hits, exciting and lasting attacks and miraculous saves are rare. On the contrary, the ball frequently goes out of bounds and serve mistakes are common. Amateur players rarely defeat their opponents, but they always fail themselves. The reason why winners of this type of game score higher often comes from the fact that their opponents make more mistakes.

Dr. Ramo verified his theory through innovative methods: he abandoned the traditional scoring system and instead counted the score and loss ratio. Data showed that 80% of the scores in professional games were derived from active offense, while 80% of the scores in amateur games were derived from opponents’ mistakes.

This means that professional tennis is a typical "winner's game", and the result is determined by the winner's excellent performance; amateur tennis is a "loser's game", and the result depends on the number of mistakes made by the loser. The two games are essentially completely different.

Based on this discovery, Dr. Ramo built a complete winning strategy: ordinary players only need to follow "reduce mistakes and lure them."The simple tactic of making your opponent self-destruct" can continue to win the game.

He clearly pointed out that if the purpose of winning rather than entertainment is to be the core strategy to be steady defense, maintain the success rate of hitting, and give the opponent plenty of room for mistakes. After all, amateur players are often deeply involved in the "loser game" without knowing it, and will eventually lose in their own way.

Dr. Ramo reveals the essential difference between "winner game" and "loser game" in his book: the so-called "winner game" has its victory depends on skills that exceed expectations, while in "loser game" it depends on making fewer mistakes than other players.

Charles Ellis, hailed as "the smartest man on Wall Street" by the American magazine "Finance" and one of the leading figures in the investment industry, classified modern investment as a game for losers and wrote a bestseller "The Game of Winning the Loser".

As Ellis said in his book, investing is like playing tennis. Winners can achieve better long-term results as long as they make fewer mistakes, while losers will eventually lose money because they always make the same mistakes repeatedly. No one can avoid making new mistakes, but successful investors repeat old mistakes less frequently.

Back to the Crypro market, it used to be a winner game, and participating and winning requires above-average skills. But to this day, the Crypto market has become a game of losers to a large extent - making fewer mistakes and winning as long as you survive.

Therefore the logic becomes that we only need to do nothing beyond the line when everyone else is crazy about PvP or crazy about leverage, and there is a high probability that we can greatly increase the possibility of winning in this game.

This is why the market a few years ago only needed to buy with your eyes closed when the bull market came, but now it is completely impossible because the game has undergone essential changes. More than 90% of players on the market do not need very clever operating methods and strategies. It is important to reduce the frequency of mistakes and mistakes to obtain more than average returns.

As Howard Max, the founder of Oak Capital, said: For me, if we want to succeed in investment in the long term, perhaps the best way is to not make mistakes, not make wrong investments, and no bad years. As long as you accumulate good investments one by one, as long as you have stable performance year after year, twenty, thirty, forty, fifty years, and over time, it will be a successful investment career.

Above, we encourage each other. Hopefully we all can win our own victory in this game.