Recently, I discussed with friends who can really make money in this market and finally take the money away.

In the end, I summarized that there are only three types of people.
The first type: "IQ20".
This "IQ20" is in quotation marks, which can also be understood as a kind of great foolishness, simplicity at its best.
Their way of making money in this market is to start buying spot assets in batches at each round of $BTC near the relative bottom, hold for a year or two, double or triple their investment, and then start selling.
They don't understand four-year cycles or how to measure highs and lows.
Most of the people I know of this type can't even read candlestick charts, [and don't bother to look].
But they are truly cyclical, constantly taking money out of this market.
The second type: "IQ200".
Extremely smart, so smart that it’s astonishing.
They understand market maker techniques, know about exchange loopholes, engage in various arbitrage and "搬砖" (arbitrage trading), and use intelligent tools.
The ways they make money are so complex that even if they explained to others, most people wouldn’t understand or learn.
The remaining majority are like you and me—neither foolish nor astonishingly clever.
We make up 80% of this market.
Because we’re not fools, and many of us are quite smart, we often think "I’m very clever," "I’m different," and believe we are "IQ200" types.
But in reality, this is the most tragic and unaware form of "self-deception."
However, among this "majority," there are a very few who can make money and finally take the money away.
And that is because they possess extremely strong【self-discipline】 and【self-awareness】.
All technical indicators, trading skills—whether spoken of a lot or a little—boil down to those things.
Whether you are a passionate retail trader or a so-called professional trader, as long as you persist in learning for two years in this market, what you understand and what you can do are actually quite similar.
But【what market conditions to trade, what not to trade】,【when to go all-in boldly, when to exit decisively】—these are the【true dividing lines】beyond trading techniques.
For example, among the traders I know, some only trade the main upward wave.
They do not trade any other market conditions, and they have no regrets.
Looking at the candlestick charts of $BTC and the main upward waves during the last bull market of mainstream altcoins, from 2023 to 2025, it was only about 2-4 months.
That was the most certain, understandable, and profitable market phase.
If you flip the bear market candlestick charts upside down, the main decline wave is actually the main upward wave, and the most certain two phases have already ended.
Only trade the most certain main upward market, and ignore everything else.
Tell me, how could the money you earn then be lost again?
Most of us, after the main upward market that brings money is over, continue to trade those shitty, dumpy markets because we think we’re smart, invincible, and capable of making money in any market.
In the end, we become those who earn and lose repeatedly, floating and struggling in this苦海 (sea of suffering).
Either【great wisdom in seeming foolishness】,【extreme intelligence】, or【clear self-awareness】and【self-discipline】.
Only these three types of people can make money in this market and finally take the money away.
Which type are you going to be?