Everyone should change their mindset to consider how to operate next, whether to buy or sell.

If Bitcoin enters a bear market from now on and keeps falling, the next operation should be: do a low-leveraged short hedge, then buy Bitcoin spot after a big drop or buy some quality coins with practical applications. Accumulate coins in a bear market, buying more as prices fall.

If it rises from $90,000 to $102,000 or $108,000, how should we operate? If we sell, we fear it will surge wildly; if we don't sell, we worry it will drop further. We are even more afraid of the price fluctuating around $100,000, triggering liquidation, and then falling into a bear market or entering a long bull phase.

How can we avoid being cut? First, you should determine that Bitcoin will enter a bull market again in the future, whether it’s a long bull phase or the four-year cycle remains unchanged, Bitcoin will exceed $126,000.

I believe everyone knows that the strategy should be to buy more as prices fall, and dollar-cost averaging into Bitcoin is the most correct strategy. But when Bitcoin drops quickly, we can't help but want to sell first and then buy the dip, only to find we basically sold at the lowest point. Whether it's a huge surge or a big drop, the main factor affecting everyone's operation is psychology. During a surge, we fear missing out and end up chasing and getting trapped. During a drop, we fear a more severe decline and panic sell, getting thrown off the bus. The more we operate, the fewer coins we hold.

Although I haven’t succeeded like the old OGs, as an old retail investor since 2013, I control my emotions and reduce the number of trades, holding Bitcoin long-term, using a small portion of funds to operate against this FOMO and panic selling psychology, successfully earning assets that ordinary people cannot reach. My goal is to acquire more Bitcoin, holding over 90% of my funds in Bitcoin long-term, while using the remaining 10% for psychological counteraction. Whether trading Ethereum, doing T trades, or altcoins, as long as this 10% makes money, I reinvest the profits into Bitcoin. I don’t calculate its value based on the current price; my measurement unit is $1,000,000. For every 0.1 BTC I earn, I make $100,000. When this 10% of funds makes money, I think about how I’ve successfully acquired more Bitcoin; when I lose money, I think about how fortunate I am not to have invested all my funds.

The most important thing is to establish your own trading logic and strictly execute it. The logic established at the beginning may change during trading due to poor mindset, and ultimately, it is discovered that the initial logic was the most correct because it was well thought out, not a decision made in an emotional breakdown.