To be honest, there are too many people engaging in momentum investing in this market.
Many times you think you are making decisions, but you are actually being dragged along by your emotions.
I met an old player who entered the market in 2015 with 100,000 and his account has now surpassed 42 million. During a chat, he said something that left a deep impression on me:
"On the surface, the cryptocurrency market is a battle of technology and capital, but essentially, it is a test of emotional control. Those who can withstand the volatility are the ones who can hold on until the end."
Looking back at myself over the years, it really isn't because I had great insight, but because I stuck to a few seemingly foolish bottom lines.
**First rule: Don't panic over small fluctuations**
I have seen too many people—running away after a 5% rise, then regretting it the next day when it doubles; holding on through a 10% fall, only to give back all their profits. Those who swing back and forth in their emotions will never break the cycle.
**Article 2: Only touch what you understand clearly**
I do not chase the trends, nor do I gamble on stories.
Clear logic, defined risks, and understandable by oneself—only targets that meet these three criteria are worth long-term attention. It's okay to be slower; feeling secure in your heart is the most important.
**Third rule: Wait for the signal, don't jump the gun**
The market never rewards bottom-fishing heroes, nor does it reward the courage of a single throw.
I would rather wait for the trend to become clearer before entering the market than get stuck halfway up the mountain. Confirmation is more important than speed.
**Article 4: Cashing out in batches to maintain a sense of security**
A portion of the money earned should be secured, so that the mindset remains stable. With a stable mindset, the next step will not be chaotic.
You can't control the market direction, but you can control when to stop and when to conserve your strength.
Last year, a friend of mine lost over 600,000, and his whole state of mind fell apart. I told him to readjust his mindset and rhythm using this "foolproof method." Six months later, not only did he recover his losses, but his life also returned to a normal rhythm.
To be honest:
The crypto market is not lacking in smart people; what is lacking are the "foolish" ones who can endure, remain calm, and stay steady.
When others are chasing the price and selling with bearish market, you can remain stable; when others lose control of their emotions, you can stay calm. Naturally, it becomes easier for you to pick up the opportunities that others have discarded.
Being smart can help you move quickly, but "stability" is the core logic for lasting success.
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MEVHunterLucky
· 11-26 22:02
Indeed, the era of quick gains is over; now it’s all about who can hold on.
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My fren's 600,000 trap should have been clear long ago; greed can truly be fatal.
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Those who run after a 5% rise will never experience the joy of compound interest; they can only chase the next trend for a lifetime.
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What the bro said is spot on, but do you know that most people simply can’t do this "dumb method".
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Once your mindset is stable, you’ve already outperformed 90% of people; it’s that simple.
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Half a year to recover losses shows that the "dumb method" indeed has some merit; the question is, who can persist.
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Bottom-fishing heroes end up as trapped heroes; this principle has been explained for so many years, yet some still don’t listen.
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Controlling oneself is much harder than predicting the market; that is the true cultivation.
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There are too many smart people, and the most die from being too clever; this market really rewards "dumb persistence".
View OriginalReply0
zkProofInThePudding
· 11-25 15:56
Damn, that's too real. I'm that idiot who runs away as soon as it rises by 5%, and I've regretted it for three days.
View OriginalReply0
DevChive
· 11-24 23:50
Listening to all this is just nonsense; the real challenge is execution. I just want to ask, how many people can actually do it?
View OriginalReply0
CryptoGoldmine
· 11-24 23:48
The core thing is to look at the match between computing power efficiency and investment return cycle. Emotional control determines whether you can survive until the day of harvest.
View OriginalReply0
fork_in_the_road
· 11-24 23:47
Indeed, those with a good mindset from ten years ago have now become Large Investors, while the rest have all been killed by their own emotions.
View OriginalReply0
LightningLady
· 11-24 23:28
Really, these few lines hit hard... I've also been played for suckers several times before I understood that emotional management is more valuable than the ability to choose coins.
To be honest, there are too many people engaging in momentum investing in this market.
Many times you think you are making decisions, but you are actually being dragged along by your emotions.
I met an old player who entered the market in 2015 with 100,000 and his account has now surpassed 42 million. During a chat, he said something that left a deep impression on me:
"On the surface, the cryptocurrency market is a battle of technology and capital, but essentially, it is a test of emotional control. Those who can withstand the volatility are the ones who can hold on until the end."
Looking back at myself over the years, it really isn't because I had great insight, but because I stuck to a few seemingly foolish bottom lines.
**First rule: Don't panic over small fluctuations**
I have seen too many people—running away after a 5% rise, then regretting it the next day when it doubles; holding on through a 10% fall, only to give back all their profits. Those who swing back and forth in their emotions will never break the cycle.
**Article 2: Only touch what you understand clearly**
I do not chase the trends, nor do I gamble on stories.
Clear logic, defined risks, and understandable by oneself—only targets that meet these three criteria are worth long-term attention. It's okay to be slower; feeling secure in your heart is the most important.
**Third rule: Wait for the signal, don't jump the gun**
The market never rewards bottom-fishing heroes, nor does it reward the courage of a single throw.
I would rather wait for the trend to become clearer before entering the market than get stuck halfway up the mountain. Confirmation is more important than speed.
**Article 4: Cashing out in batches to maintain a sense of security**
A portion of the money earned should be secured, so that the mindset remains stable. With a stable mindset, the next step will not be chaotic.
You can't control the market direction, but you can control when to stop and when to conserve your strength.
Last year, a friend of mine lost over 600,000, and his whole state of mind fell apart. I told him to readjust his mindset and rhythm using this "foolproof method." Six months later, not only did he recover his losses, but his life also returned to a normal rhythm.
To be honest:
The crypto market is not lacking in smart people; what is lacking are the "foolish" ones who can endure, remain calm, and stay steady.
When others are chasing the price and selling with bearish market, you can remain stable; when others lose control of their emotions, you can stay calm. Naturally, it becomes easier for you to pick up the opportunities that others have discarded.
Being smart can help you move quickly, but "stability" is the core logic for lasting success.