Can you get rich overnight in the cryptocurrency world?

On the night I got liquidated, I learned something more important than K-line charts

At three in the morning, the numbers on the screen were crashing down like a waterfall. I squatted on the balcony and finished my last cigarette. Suddenly, my phone vibrated—there were more than 20 unread messages in the group. Opening them were all messages saying, 'Hang in there, brother,' 'I'll send you U tomorrow, just eat first,' and one guy I had only known for three days even sent a message: 'Brother, give me 500 bucks to get through this week.'

That was my third liquidation, and it was the first time I realized: what’s most valuable in the cryptocurrency world isn’t the hundredfold coins, but the fact that at three in the morning, someone is still sending you messages.

Emotions are the hard currency of the cryptocurrency world

Many people think that trading cryptocurrencies is a technical job, spending all day studying MACD golden crosses and death crosses. In fact, just look at every bull market peak, where elderly people doing square dancing are discussing Bitcoin, while at the bottom of a bear market, even analysts delete their apps and run away—markets have never been driven by technical analysis but are torn back and forth by two emotions: 'FOMO and impulsive actions' and 'zero PTSD.'

Just like last year during the week of the LUNA crash, I personally saw someone in the group send 200 voice messages in half an hour, going from 'I’m going to buy the dip' to 'Is there a team forming on the rooftop?' As a result, three days later, this guy posted his contract: he shorted and made three times the profit. You see, when emotions run wild, everyone is fuel, but those who can harvest emotions in the opposite direction are the winners.

A cry from someone in the cryptocurrency world. Keep it up, cryptocurrency people.

Follow Xing Ge, let’s traverse the bull and bear markets together, and see through the worldly matters of the cryptocurrency world.