In the 2025 market, the biggest lesson is not how to make quick money, but how to survive longer. Most of the time, you're caught in a cycle of anxiety and waiting, and truly good opportunities only come around two or three times a year. Missing them is no reason to regret.

The deepest insight is: respect macro narratives and don't overconfidence in your own judgment. The market is often driven by larger forces, and blindly chasing gains or cutting losses is the easiest way to fall into a trap. Instead of frequent trading, it's more practical to preserve your principal.

Those who found opportunities in niche areas this year all have solid research skills and enough psychological resilience to hold on. There may still be waves in Q4, but a reminder here: too many ordinary investors lose money during bull markets, and greed is the main reason.

Final advice: don't be greedy. In the crypto market, surviving always comes before earning.