On the candlestick chart of cryptocurrencies, every peak and trough corresponds to a battle within the investor's heart.
In 2017, I almost invested 100,000 yuan in BNB. Why 'almost'? Because even if I had really bought it back then, I absolutely couldn't have held on to it until today. I'm not a god, just an ordinary trader with all the weaknesses of humanity.
Imagine your 100,000 turning into 7.9 million, and then continuing to rise to 11.5 million. At this point, your heart rate might be faster than Bitcoin's volatility. The vast majority of people have already exited at this point, after all, ten million is a life-changing number for ordinary people.
But suppose you held on and didn't sell. Then, you watch helplessly as 11.5 million turns into 2.6 million—over three-quarters of your paper wealth evaporates. That feeling is like someone stabbing you in the chest and twisting the knife.
The psychological roller coaster is the real test.
When 2.6 million miraculously turns into 26.6 million, you feel like a genius. Then—bang! 4.33 million. At this point, you start losing sleep, unconsciously picking up your phone at midnight to check prices. Your brain knows what to do, but your emotions are completely out of control.
The craziest part comes: 4.33 million skyrockets to 45 million. This is not a dream, but more unreal than a dream. Then, it drops to 14.8 million. Imagine watching 30 million disappear from your account while telling yourself, 'Hold on, don’t sell.'
At such times, technical analysis is no longer important; only mental fortitude remains.
When the value finally skyrockets to 46.6 million and then drops back to 13.3 million, you are already on the edge of a mental breakdown. Your friends will call you an idiot for not selling earlier; your family will worry about your mental health; you might even doubt yourself.
How to cultivate a 'diamond hands' mentality?
First, make a strict plan and write it down. Include what price to sell at what proportion, rather than relying solely on feelings. Investors without a plan are like explorers without a map, easily getting lost in the forest of emotions.
Secondly, diversify your investments. If you put all your wealth into one coin, the psychological pressure will be so great that you won't be able to make rational decisions. This is why even those who are most optimistic about BNB shouldn't invest everything in one coin.
Most importantly, never invest money you can't afford to lose. If what you invest is living expenses, tuition, or mortgage, then price fluctuations will directly trigger survival anxiety, making it nearly impossible to hold on.
What did I learn?
After years of observation, I have come to understand one principle: what is truly scarce in the market is not opportunity, but patience. Most people know the principle of 'buy low and sell high,' but very few possess the mental fortitude to execute this strategy.
Those who truly held onto BNB from 100,000 to 60 million are either forgetful souls who lost their private keys or practitioners with iron will. Most of us fall somewhere in between these two extremes.
So the next time you see a hypothesis like 'if only I had...', you might as well laugh. The biggest variable in cryptocurrency investment is not technology, not the market, but human emotions. And conquering one's inner self is much more difficult than understanding market trends.
In this market, true wealth is not measured in dollars but in mindset. Follow Xiang Ge to learn more firsthand information and precise points in the crypto world, becoming your navigation in the crypto space; learning is your greatest wealth!#加密市场反弹 #美联储降息 $ETH
