To be honest, every time I see those posts that say, 'If you had bought 10,000 yuan worth of BNB in 2017, it would now be 60 million,' I can't help but laugh. It's not that the number is outrageous—it's indeed true—but rather the lighthearted assumption, as if everyone were a robot, able to watch their account numbers fluctuate wildly without reacting. Today, speaking as an old investor who has weathered two rounds of bull and bear markets, I want to share what you would experience if you really went through this. Note that this is my personal opinion and does not constitute investment advice.
1. The first hurdle: turning 100,000 into 800,000, 'Should I run away?'
Imagine, you invested 10,000 dollars in 2017, and within half a year it turned into 800,000. Friends start inviting you out for drinks to pry for information, and your parents advise you to 'cash out for safety'. At this moment, greed and FOMO (fear of missing out) start to clash.
You scroll through Twitter in the middle of the night and see bad news, your palms sweating, comforting yourself that 'holding on makes you a winner.' But to be honest, 90% of people would withdraw here because human nature inherently dislikes risk.
If you didn’t sell, congratulations, you’ve just passed the first level, and this level has already eliminated most people.
2. Nightmare mode: from 1.15 million to 260,000, the stage of self-doubt.
When you think you can win effortlessly, the market directly crashes again and again. The account goes from 1.15 million to 260,000; that feeling is not 'paper loss', it feels like being punched in the face every morning. Social media is filled with talk of 'BNB going to zero', and you might even secretly regret not selling at the high point.
At this moment, emotional control is the core ability.
I’ve seen many people engage in 'revenge trading' during such crashes, leveraging to chase highs in hopes of quick recovery, only to end up completely wiped out.
And those who truly survive do not rely on intelligence but on plans made in advance: for example, 'As long as the BNB ecosystem is still developing, I will never sell.'
3. Magical rebound: from 2.6 million to 45 million, you become even more anxious.
When assets soar from 2.6 million to 45 million, ordinary people will rejoice, but seasoned investors feel more anxious. Why? Because of loss aversion—you become increasingly afraid of 'losing a cooked duck'.
At this time, the market is full of celebrations of 'trillion-dollar market caps', while your mind is filled with 'if it falls back, I will have lost 45 million'.
This psychological pressure is even harder to bear than the loss itself and can even lead to insomnia.
My own coping method is: don’t look at prices, look at fundamentals. As long as BNB is still burning coins and on-chain activities are growing, just pretend that the money doesn’t exist.
Of course, this requires extreme discipline, or a bit of stubborn foolishness.
4. Ultimate test: from 45 million crashing to 13 million, can you hold on?
The most cruel thing is not having earned before, but having earned and then lost. When 45 million shrinks to 13 million, you will have a suffocating feeling of 'I could have'. At this moment, any technical analysis or belief is worthless; the only thing to rely on is long-term thinking: tell yourself, 'The history of cryptocurrency is about big fluctuations followed by new highs; I need to hold on until the next cycle.'
But to be honest, very few people can make it this far. Most people will liquidate when it rebounds to 46 million, then watch the price continue to rise to 60 million, regretting it deeply. Why? Because the market always peaks or bottoms in extreme emotions, and ordinary people often fall before dawn.
So, don’t believe in the myth of 'easy riches'. The journey of BNB to 60 million is essentially a slow torture of human nature— you need to resist greed, fear, conformity, self-doubt… and even the doubts of those around you.
As an old investor, my insight is:
Always invest with spare money, so you can still eat during a crash.
Write a good trading plan and lock it in a safe; when emotions run high, take it out to read.
Accept the fact that you might miss selling; earning money within your comprehension is enough.
After all, the cryptocurrency market never lacks opportunities; what it lacks is people who can survive until the next bull market. Follow Ake, and let me help you learn more firsthand information and precise points in the crypto world; becoming your guide in the crypto space, learning is your greatest wealth!#加密市场反弹 #美联储降息 $ETH
