Profit taking, principal remains unchanged, mistakes analyzed until three in the morning - this is the way to survive
When I first entered the cryptocurrency world in 2018, I naively thought that 'sharing' was a virtue. At that time, I always enthusiastically explained to anyone interested what blockchain is, what Bitcoin is, and even shared my carefully researched project analysis without reservation.
In the 2023 bull market, an older sister I have known for many years heard that I understand cryptocurrencies and came to ask me what she should buy. Based on the market situation at that time, I seriously told her that she could allocate some ETH. She followed my advice, and sure enough, ETH quickly rose by 50%.
Then her question came: 'Should I sell?' I said if you are optimistic in the long term, it's better to hold. A week later she asked again: 'Should I sell now?' I explained again why she should hold. The third time she sent me a WeChat at midnight: 'Is it time to sell? Will it drop back?'
At that moment, I suddenly understood—what she wanted was not my analysis, but someone to take responsibility for her decision-making. I simply replied: 'Sell.' She almost instantly placed a sell order and then excitedly told me how much she made.
You can guess what happened next—ETH doubled again after she sold. The thank-you meal she promised to treat me to has yet to materialize.
Later, when I encountered someone asking me what coin to buy, I only replied with three words: 'I don't know.' The other party was usually shocked, thinking I was deliberately hiding profit opportunities. But I really didn't know.
To study a project, you have to digest the white paper, analyze the token economic model, and look at on-chain data; this entire process takes at least a month. However, those who only give you five minutes to explain want a simple answer of 'will it rise or fall'—such a question, I really cannot answer.
What pains me more is the experience of personally mentoring a disciple. Last year, a good friend had only 2400U left in his account and was nearly in despair after a liquidation. I spent a lot of time teaching him how to control risk: divide the funds into ten parts and let profits sustain profits. He worked hard and strictly followed my method, reaching 8500U in 32 days.
On the 29th day, he excitedly asked me: 'Brother, can I operate for others now?' I felt a sinking feeling in my heart and did not answer immediately. On the 34th day, he heavily invested in an altcoin without telling me in advance, resulting in a single-day loss of 43%. His explanation was: 'I wanted to test my judgment.'
On the 36th day, I blacklisted him. I did this not because he lost money, but because he completely disregarded the most core principle I repeatedly emphasized—discipline. In this market, making a comeback does not rely on a single gamble but rather on consistently executing discipline. Every profit should be the next bullet, not a celebratory firework.
One of the most ironic points in the cryptocurrency world is that when you quietly add positions in a bear market, others are cutting losses; when you successfully escape at the top, others say you were just lucky. Likes and compliments from fans come flowing in at any moment, but there may be no one who truly understands you.
Some followed my analysis and operated, leveraging when they made money, then came to blame me after liquidation; some avoided plummeting prices thanks to my reminders but no longer contacted me, thinking I had insider information. Later, when someone asked me about my earnings, I directly screenshot my wallet, and the other party stopped responding—saying I was showing off. But when they flaunted their villas and luxury cars back then, I was still working; who truly deserves to show off?
Now I have learned two things:
First, be quiet—do not advise others to buy coins, do not recommend projects, do not explain operations.
Second, blacklist - mute all voices that interfere with discipline.
In this market, the size of the principal is not the most important; the key is to completely get rid of the 'gambling mentality': withdraw a portion periodically after making profits to keep the principal safe, and seriously review every mistake until late at night, rather than seeking psychological comfort everywhere.
Those who can survive in this brutal market are those who have turned risk control and discipline into muscle memory. The cryptocurrency world does not sleep; wealth only flows to those few who are willing to work hard and strictly execute discipline.
Follow Xiang Ge, let you understand more first-hand information and cryptocurrency knowledge with precise points, become your navigation in the cryptocurrency world, learning is your greatest wealth!#加密市场观察 #ETH走势分析 $ETH
