Every decline is a test of conscience: when you see the price drop, you think you chose the wrong asset and believe you have failed.
This is just your brain sending you signals to feel this way; don't believe it.
Why does this thought arise?
Perhaps you have forgotten the basis for your purchase, losing the logical support of value investing;
Perhaps you have been washed up on the beach by the negative emotions and voices swirling in the market;
The gap created by seeing others flaunt their achievements compared to your own;
In a bear market, pessimistic voices are more easily spread and amplified. Long-term immersion in this will unknowingly infect you with collective emotions, making you forget what you initially believed. If the project itself has changed and rendered your buying logic ineffective, then that is something to consider carefully.
During the downward phase of a large cycle, everyone is experiencing this test of conscience; anything you buy will decline, it’s not an issue with a single asset.
A bear market is a golden period for accumulation. Reading, accumulating skills, staying healthy, spending time with important people—these are the “assets” that will not depreciate regardless of market fluctuations.
Your spirit can be adjusted, but it cannot collapse. True failure is not the depreciation of assets, but rather becoming timid, doubting everything, and no longer daring to trust your judgment. Your spirit is an internal asset; it determines whether you can still be present in the next spring.
A cold winter is not an eternal night but a necessary chapter in the cycle. Every squat is accumulating strength for the next jump. The market washes away the superficiality in its fluctuations, and we also cultivate composure amidst the volatility.
The ultimate return on investment is not only the growth of wealth but also a more stable inner self after traversing the cycles.
May cryptocurrency friends be able to maintain logic in this "test of conscience" and also preserve their tranquility. Spring will come, and you will be more resilient than before.
