In the volatile world of cryptocurrency—where fortunes are made overnight and wiped out just as fast—one 95s-born trader known as “If I Don’t Understand” has emerged as a modern legend. From a cross-border e-commerce entrepreneur to a top-tier contract trader, he amassed millions in just nine months, turning heads across the crypto community. His journey, marked by deep research, brutal losses, and disciplined comebacks, offers a powerful blueprint for aspiring traders.
Recently, “If I Don’t Understand” (@butaidongjiaoyi) sat down with Mia Milier (@mia_okx) at OKX’s Singapore office, sharing insights into his strategy, mindset, and the core principles behind his success. This article distills the essence of that conversation—offering not just inspiration, but actionable wisdom for navigating the unpredictable crypto markets.
From E-Commerce to Crypto: A Journey Forged in Research
Born in 1996, “If I Don’t Understand” began his career not on trading desks, but on Amazon. As a seller managing daily operations, he balanced business with an emerging passion: blockchain. In 2020, the explosive rise of SHIB and AXS cracked open the door to crypto’s potential. Unlike impulsive gamblers chasing pumps, he approached the space like an entrepreneur—methodical, patient, and deeply analytical.
By night, he immersed himself in chain analysis and project research from 7 PM to 2 AM. His first foray? Buying AXS with just 7,000 RMB. When it multiplied several times over, he reinvested—this time with 30,000–50,000 RMB—as the foundation for serious trading.
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He rode the 2021 GameFi wave with precision. Rather than speculating blindly, he played every major GameFi project—Radio Caca, BinaryX, Cryptominers, Farmers World—studying their economic models and community dynamics. This hands-on due diligence paid off: his initial capital grew into his first million RMB. It wasn’t luck; it was logic rewarded.
But success bred overconfidence.
In May 2022, as Ethereum plunged from $3,700 to $800 in one of the market’s most brutal corrections, he doubled down repeatedly, betting on a rebound. The result? A devastating drawdown of over 95%. Almost everything vanished.
That crash became a turning point.
Rather than retreat, he rebuilt. Returning to internet entrepreneurship, he used stable income to regrow his capital. And this time, his approach was transformed: no leverage without sufficient net worth, no trading under debt, and above all—no emotional decisions.
The Consensus-Driven Trading System: Why Belief Moves Markets
“If I Don’t Understand” operates on a simple yet profound principle: price follows consensus.
“A token rises not because of its technology, but because people believe it’s worth more.”
His strategy isn’t about predicting price charts or mastering complex indicators—it’s about identifying where collective belief is forming before it goes mainstream. He calls himself a “consensus hunter,” tracking shifts in narrative, liquidity flow, and community energy.
He breaks down crypto cycles into three major waves:
1. GameFi (2021): DeFi Wrapped in Gameplay
He saw GameFi as DeFi 2.0—a way to make yield farming feel like playing a game. By understanding tokenomics early, he capitalized on projects before they trended.
2. BRC-20 & Inscriptions (2023): The Short-Lived Hype Engine
He recognized inscriptions as a form of “Ponzi economics”—driven by attention and new money inflows. But unlike ICOs, miners profit from fees without incentive to support prices. That structural flaw made it a short-cycle opportunity. After gaining 10x on Avalanche-based inscriptions, he exited swiftly.
3. Meme Coins (2023–2025): FOMO Fueled by Solana
Memes like BONK and NEIRO thrived on Solana’s fast, cheap transactions and growing ecosystem hype. He used established FDVs (Fully Diluted Valuations) as benchmarks. When NEIRO launched far below comparable meme coins (~$1B FDV), he went long despite widespread skepticism—and captured massive gains when it hit target valuation.
His shorting strategy is equally calculated. He looks for parabolic moves without correction—a sign of unsustainable euphoria. Projects like PNUT and TRUMP surged post-listing with no pullback. To him, that lack of healthy consolidation signaled high risk and ideal conditions for low-leverage shorts.
A 4-Step Framework for Building Your Own Edge
“If I don’t understand” believes anyone can improve their trading—with the right framework. Here’s his battle-tested approach:
Step 1: Filter Information Like a Pro
Instead of drowning in noise, focus on signal sources:
- Follow early-stage KOLs who consistently spot winners (e.g., Thai Zoo Hippo).
- Dive into Discord and Telegram communities—real engagement beats bot-filled hype.
Step 2: Identify the Inflection Point
Enter when:
- The team is active and delivering.
- Product development is visible.
- Mainstream awareness hasn’t kicked in yet.
Exit when:
- Media coverage peaks.
- FOMO spreads widely.
- Valuation matches or exceeds peers.
Step 3: Master Risk & Position Management
He structures capital in tiers:
- Small accounts (<$5K): Can take aggressive meme coin bets—but diversify across multiple tokens. Never hold more than 1% of a project’s total supply.
- Large accounts: Max contract exposure capped at $100K–$200K to avoid slippage and front-running by market makers.
- Quantitative strategies are preferred for large capital during sideways markets.
Step 4: Use the “Quarter-Lot” Entry Strategy
A flexible entry method:
- Deploy 25% at initial entry.
- Add another 25% if price retraces favorably.
- Hold 50% in reserve for breakout confirmation or extreme fear scenarios.
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Quantifying Intuition: From “Gut Feel” to Measurable Momentum
He rejects vague “market feel.” Instead, he measures momentum objectively:
- If Bitcoin rises 0.1% at U.S. market open and Ethereum jumps 0.5%, ETH shows strong relative momentum.
- If ETH falls while BTC rises? Weakness ahead.
For entries, he avoids market orders. Instead:
- Longs: Places limit orders at key support levels during panic sell-offs—catching “bloodied chips.”
- Shorts: Sets limit shorts at resistance zones. If broken, stops out cleanly; if held, profits soar.
This method increases win rate and improves risk-reward ratios significantly.
The Mindset of a Winner: Slow Wealth Through Discipline
Despite earning millions, his lifestyle remains unchanged. No luxury cars or lavish spending. He still packs leftovers and values cost efficiency.
Why? Because wealth preservation requires emotional detachment.
He refuses to “signal trade” or run paid groups. Why?
“Giving signals is like giving fish. Teaching people how to fish builds real independence.”
He emphasizes that his path isn’t replicable—but his methods are.
And his final lesson?
“Nobody wants to get rich slowly. So you have to go against human nature. Be the one who waits.”
Patience isn’t passive—it’s strategic. Markets reward those who can endure volatility without panic or greed.
Frequently Asked Questions
Q: Can someone really go from zero to millions in crypto?
A: Yes—but not through luck. It requires deep research, strict risk management, and learning from failures. “If I Don’t Understand” lost nearly everything before succeeding.
Q: Is trading memes sustainable?
A: Only with discipline. Meme coins can deliver explosive returns, but they’re highly speculative. Use small capital, set clear exit rules, and never chase pumps emotionally.
Q: Should beginners use leverage?
A: No—especially not with borrowed money. Leverage magnifies both gains and losses. Start with spot trading and build confidence before touching derivatives.
Q: How do you spot fake communities?
A: Look for real discussion—not just emojis and spam bots. Active Q&A, developer updates, and organic growth are signs of genuine consensus.
Q: What’s the biggest mistake new traders make?
A: Trading with fear or greed instead of a plan. Emotional decisions lead to overtrading, poor timing, and blown accounts.
Q: Is it too late to enter crypto now?
A: Not at all. New cycles emerge constantly—whether in Layer 2s, AI-blockchain fusion, or next-gen memes. The key is staying informed and acting with clarity.
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Final Thought: Wealth Is a Marathon Run Against Human Nature
“If I Don’t Understand” didn’t win because he was smarter—he won because he was more disciplined. His system revolves around consensus tracking, risk-aware execution, and emotional resilience.
In a world obsessed with quick riches, his message stands out:
“Slow wealth wins.”
True success isn’t measured by one moonshot trade—but by surviving bear markets, compounding gains, and staying rational when others panic.
For anyone navigating crypto’s chaos, his story isn’t just inspiring—it’s instructive.
Keywords: crypto trading strategy, meme coin investing, consensus trading, risk management in crypto, how to trade cryptocurrencies, cryptocurrency success story, blockchain investment tips