Last week, I had dinner with an old classmate, and he brought along a friend who trades cryptocurrencies. Last year, the friend shorted mainstream coins, and over 3 million in principal is now less than 300,000. 😥
I jokingly asked, “If I had advised you to test the waters with 500,000 back then, would you have listened?”
He slapped his thigh: “At that time, I wouldn’t have listened! I always felt that if I hesitated for a moment, I would miss out on a fortune.” 💨
I understand — the lesson from the crypto world is that you won’t learn your lesson until you experience a liquidation.
He suddenly lowered his voice: “Is there a whale specifically targeting me? Whenever I buy, it drops; whenever I cut my losses, it rises!”
I shook my head: “The global market operates 24 hours; our positions are just a drop in the ocean. Feeling targeted is just a rookie taking their own actions too seriously.” 🌊
He eagerly asked how to turn things around.
I said, “The methods to make money are simple enough to seem contemptible. The hard part isn’t finding a strategy, it’s mastering your inner demons. I’ve seen PhDs lose everything, and I’ve seen pancake uncles make money through dollar-cost averaging — the difference lies in whether one can accept that ‘lying idle most of the time is better than acting blindly.’” 😌
He was unwilling to accept: “What should I buy now?”
“Bitcoin has broken through a key moving average; accumulate in batches and set stop-losses to hold steady.”
“Is it that simple?”
“It is that simple. But can you resist the urge to constantly watch the market? Can you accept a floating loss of 30% without acting?” ⚡️
Many people chase after hundred-fold altcoins, thinking that not studying the white paper means they aren’t putting in effort. True experts know — the hardest part is maintaining calm amidst the storm.
Only after experiencing bull and bear markets can one understand that the true essence of the crypto world lies in initial discipline.
Feeling lost in trading? Want to learn more about the crypto world and the latest information? Feel free to follow Lin Jie and use the right methods to embark on your wealth journey!
