After more than a decade of mixing in the cryptocurrency industry, I increasingly believe that waiting for a collapse in short positions is the most hardcore gameplay Only fired 2-3 shots a year, with an astonishingly high hit rate Last year's panic hit the market, and my friend held a short position for almost half a year. On the day of the liquidity cliff, he went bankrupt once and lay counting money behind him. The rest of the time? Basic Buddhist style theater performances There are always 1-2 "doomsday" style crashes in the cryptocurrency industry every year: black swans, policy hammers, whales running away, stablecoin crashes... It is common to see a drop of 20-50%. He specializes in this kind of mistaken killing: coins that he has researched thoroughly and the fundamentals have not collapsed, but are smashed to the floor by panic emotions This trick can make long-term profits, relying on four iron rules (missing one can easily lead to failure): 1. Ultimate patience - able to withstand long-term short positions and not be tempted away by small fluctuations/meme FOMO 2. Bullets are always abundant - cash/stablecoins keep a big head, only when opportunities fall can they truly be dealt with 3. Reverse Courage - Dare to go up when blood flows like a river and demons dance wildly (most people only want to run at that time) 4. Focus on investing heavily - it's not just a casual game, it's a high certainty opportunity to all in (don't distribute evenly) Conclusion in one sentence: Panic is money given by others, cash is your superpower. Being able to wait, dare to wait, and dare to shuttle is the true old driver