The most heartbreaking thing in the crypto world is—small funds that can make money do exist, but they are usually regarded as legends rather than replicable templates among the majority of people.

I know someone who casually spent 5,000 yuan in 2020 to buy a then-unknown token. He forgot about it right after. But by 2022, when he remembered, there were already over 500,000 yuan in his account. Such unbelievable stories are everywhere in the crypto space, but few people really ask: what is behind this?

**You only hear the voices of successful people**

That guy didn’t just buy one coin. During the same period, he invested in seven or eight tokens using the same method. And the result? Most of them went to zero. He now only remembers the story of making money, while everything else has long since faded away. This is the most common trick in the crypto world—survivor bias.

Stories of going to zero are rarely told because failures mostly choose to forget. But the reality is, the vast majority of small fund players end up with the same outcome. They are eager to double their money quickly, but instead fall into a vicious cycle of rapid losses. High-leverage contracts, unknown small coins—these all become "accelerators" for small funds, but what they accelerate is only losses.

**How can small funds survive**

Since the risks are so high, should small funds give up? Not necessarily. The key is to change the approach.

First, choose coins with enough volatility but at least some fundamental support. It’s not about having a super strong fundamental, but about not blindly going all-in on tokens with no story at all. High volatility gives small funds a chance to turn things around, but fundamental screening helps you avoid many pitfalls.

Second, mindset is more valuable than strategy. Most small fund failures are not due to lack of technical analysis, but because of psychological loss of control. Seeing others make money makes them anxious, leading to frequent operations, chasing highs, and selling lows.

Third, fund allocation must be disciplined. Don’t put all your eggs in one basket, and don’t allocate everything to high-risk assets. Even with small funds, it’s important to distinguish between core positions and exploratory positions.

Opportunities in the crypto world do exist, but they are never reserved for those who are impatient.