Friends of OKX | A conversation with Bit Wu about the trading philosophy of "slow is fast"
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Friends of OKX | A conversation with Bit Wu about the trading philosophy of "slow is fast"
After the hustle and bustle, only patience and deep thinking can truly stand undefeated.
Navigating Web3 tides with focused insights
The market's hot trends keep changing, and people are obsessed with chasing the next opportunity for instant wealth.
The blockchain industry has never stopped innovating—waves of Crypto and AI excitement, NFTs, Memecoins, RWA...
New highlights and new legends emerge endlessly. Some have experienced their assets skyrocketing to 100 million overnight, only to nearly drop back to zero; many more fall into the trap of buying high and selling low.
Wu Biter, a nine-year veteran OG, @BTW0205, shares his personal journey: After the frenzy fades, what truly ensures invincibility is patience and deep reflection.
He jokingly calls himself an "ancient KOL," having started creating crypto content as early as 2016. At that time, he was going through a low point in life, with his second startup nearly failing.
But fate quietly turned at that moment—a contract for mining software development earned him 40 Bitcoin as payment. Overnight, his journey in the crypto world began.
This is part of the "Friends of OKX" interview series, aiming to share stories, insights, and lessons from KOLs of diverse backgrounds to help newcomers learn and grow.
This episode’s interviewer is Mercy Messi @Mercy_okx. Feel free to follow (*´∀`)~
ICO Boom: Instant Fame
In 2017, the Initial Coin Offering (ICO) craze swept the globe. Tokens sprouted like mushrooms, with prices skyrocketing.
Biter Wu recalls that during this period, altcoin prices far outpaced Bitcoin and Ethereum—turning tens of thousands into millions effortlessly.
At the peak of the bull run, he says his account reached a scale of "hundreds of millions."
Back then, he saw his balance grow by millions every day, yet he became numb to it: "Once you hit A8, adding a few million more feels meaningless." The illusion of capital made him lose himself briefly, as if success came easily.
Looking back, he realized: when everyone around is celebrating, it's most important to stay清醒 and beware of bubble risks.
Edge of Zero: Madness and Anxiety
Sure enough, the bubble burst. In 2018, the bear market arrived, ICO projects collapsed one after another, countless altcoins dropped to zero, and his wealth evaporated overnight.
Reflecting on that time, Mr. Wu admits this crash trapped him in a "loss cycle"—losing money on investments, losing on altcoins, even trading between Bitcoin and Ethereum brought losses. The more he operated, the deeper the losses grew, increasing anxiety.
He analyzed: "The more I traded, the more mistakes I made; the more I lost, the more I gambled; the more I gambled, the more fear I felt... eventually forming a complete loss cycle."
The plunge from peak to valley caught him off guard. During that period, he lay awake at night, unable to sleep. That’s when he realized: cognition must evolve with market changes. Avoid "path dependency." Once your previous path to wealth no longer works, you need to find a new direction.
Reflection and Rebuilding: Finding the "Well Water"
After this major setback, Mr. Wu began building a systematic trading framework and methods for sustained profitability.
He believes that to survive long-term in the crypto industry, one must establish an "anchor"—like owning a self-flowing well that continues to supply water even during droughts.
During this time, he found that even during market downturns, he could still earn stable income from early-established content and consulting channels.
This was equivalent to preparing an "information well," providing nourishment even when the market dried up.
This channel smoothed out the downside cycle, becoming a continuous source of "water."
Moreover, through continuous research and writing, one can constantly test market hypotheses, deepen understanding of various mechanisms, and prepare for the next opportunity.
Turmoil and Heightened Vigilance
Just as one wave settled, another arose. An unexpected incident again tested Mr. Wu’s understanding of the industry, causing further shrinkage of his assets.
This incident taught him that trading crypto assets involves two types of risks: one is the inherent extreme market volatility, the other is policy and legal risk. To avoid repeating past mistakes, he made a more conservative choice—
Learn to distinguish true core assets, and emphasize that decentralized assets are truly "yours."
He believes: "Only when you hold Bitcoin do your assets truly belong to you—and remain yours over the long term."
Since then, his portfolio has gradually shifted toward Bitcoin, largely abandoning all risky bets and sticking firmly to this digital gold.
Meanwhile, he continuously reviews experiences through content creation, deepening his understanding—just as he advocates the "Feynman Learning Method," where writing itself is a way of deep learning. Countless retrospectives have helped him better control emotions and refine strategies.
During each bear market, he prefers to hold steady; only when the next bull market approaches does he deploy funds gradually in small batches. This "slow and steady" approach gradually paid off: time allowed him to accumulate more Bitcoin and become calmer and more composed.
Today, he rarely trades—usually just two or three times per cycle. For him, real victory lies in calmly watching wealth grow ten or twenty years later.
The True Meaning of "Slow Is Fast"
After experiencing two major drawdowns, Mr. Wu distilled his own "four-character mantra"—Slow Is Fast.
In his view, many believe only quick action can seize opportunities, but in reality, opportunities abound—the hardest part is surviving and being fully prepared.
He explains that "slow" here doesn’t mean passive waiting, but a process of thoughtful consideration and systematic construction.
Only by patiently refining details and verifying assumptions can one strike decisively when opportunity arises.
He compares it to watching his house cat catch fish: "My cat sometimes waits there for half an hour... but once it reaches in, it grabs the fish instantly. I think 'slow is fast' is exactly this kind of process."
Observe slowly, think deeply, then strike suddenly when fully ready. Real success isn't accidental luck, but a decisive win supported by deep thinking and resilience.
Mindset Cultivation: From Anxiety to Calmness
Actually, Mr. Wu sees trading as a combination of deep thinking, rational decision-making, and swift action, with mindset serving as the foundation.
During the last bull market, excessive anxiety led him to trade frequently and suffer heavy losses—
"Back then, my body changed—I couldn’t sleep easily, my emotions were unstable; anxiety drove me to trade… and the result was loss."
This experience tempered him like a meditating Zen master—market fluctuations no longer easily affect his emotions.
As he puts it: "The pain of anxiety in the last cycle was so great that this time, I don’t feel anxious."
With this composure, he can calmly observe the market. Even as many around him trade frequently and chase short-term moves, he insists on keeping eighty to ninety percent of his funds in mainstream coins like Bitcoin and Ethereum, using only a small "ant-sized position" to engage with and sense market trends.
Not everyone can handle the pace of frequent trading. For Biter Wu, he’s better suited to identifying patterns during each bull-bear transition and making low-frequency trend trades.
Of course, he also advises every trader to find their own suitable "track," rather than blindly imitating others’ trading styles.
OKX Wealth Management and Diversified Allocation
On the strategy tools front, Mr. Wu consistently practices the "slow is fast" philosophy.
First, he emphasizes the importance of stable wealth management products: "Wealth management ensures your assets continue growing even during bear markets. OKX's earning products perform very well. In other words, during bear or sideways markets, using fixed-income or dual-currency earning products to achieve organic asset growth is key to preserving wealth."
In his own portfolio, about 80% of funds are allocated to mainstream assets like Bitcoin and Ethereum, while the remaining 10%-20% are distributed across stablecoin earning and dual-currency strategies.
His most frequently used OKX products are "Flexible Savings" (Simple Earn) and Dual Yield. For example, amid recent Bitcoin rallies, he placed a coin-denominated dual-currency order: setting a target sell price for Bitcoin (e.g., $108,000), achieving up to 20% annualized returns.
If Bitcoin rises to the target price, he earns high returns; if the market declines, he switches funds to USDT-based dual-currency products to earn yield.
In short, using wealth management tools allows capital to "move on its own," generating decent interest steadily while avoiding the chaos of chasing price swings.
Beyond crypto assets, he also implements cross-market hedging. For instance, he recently bought some gold to hedge against fiat inflation risks, and remains optimistic about the long-term potential of U.S. tech stock indices.
He believes future technological waves (AI, biotech, etc.) will likely be led by U.S. market leaders: "Buying U.S. stocks over the next ten to twenty years should be an excellent choice."
Based on these views, he almost never touches futures contracts or high leverage on exchanges, believing "normal people can't manage leverage above 1x."
All in all, his current overall strategy is: patiently accumulating coins + earning stable returns + moderate hedging.
Though slow-paced, this strategy delivers steady returns and ensures he retains ample holdings throughout bear markets, positioning him optimally for the next upward wave.
Final Thoughts
In Mr. Wu, I see the calm and composure of someone who has "sailed past countless mountains." From his journey, I’ve learned: on the path of trading, there are no shortcuts—only steady progress.
In the ever-changing world of Web3, don’t rush to follow trends. Carefully build your own foundational framework, path, and mindset. Only then will you be ready to seize the next opportunity when it comes.
Do you have similar ups and downs? What’s your trading philosophy? Share your story and insights in the comments! Top contributors will receive the latest OKX merchandise sets—three lucky winners!
If you also believe in the wisdom of "slow is fast," please like and share this article, so more people can see Mr. Wu’s practice and reflections, and grow together~
Disclaimer
This article is for informational purposes only. It represents the author’s views and not necessarily those of OKX. It is not intended as (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. We do not guarantee the accuracy, completeness, or usefulness of the information provided. Holding digital assets (including stablecoins and NFTs) involves high risk and may experience significant volatility. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. Please consult your legal/tax/investment professionals regarding your specific circumstances. You are solely responsible for understanding and complying with applicable local laws and regulations.
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