Loss: The Most Important Lesson in the Cryptocurrency World

Everyone talks about how to exit after making money, and I’ve even seen guides on cashing out from hundredfold coins. After reading them, my heart raced, just waiting for a hundredfold coin to come my way.

Jokes aside, I believe the most important thing in the cryptocurrency world is your attitude and actions after incurring losses.

Many people’s mindset collapses after they experience a loss. There was even a KOL who said a certain project was a hundredfold opportunity, and without doing any research, they went all in, only to end up with their assets reduced to zero.

If you have 1000U and you invest 1000U in this project, then you’ll be thinking about it while you sleep. If you lose half, you won’t be able to sleep a wink. If you invested 50U and it drops by half, you might not even glance at it.

Position distribution and risk management may not make you rich overnight, but they can help you survive in the cryptocurrency world.

Surviving means having opportunities.

The most significant losses come from missed opportunities or emotional trading after profit withdrawals.

When you incur a loss, please read the following statements ten times:

1. I must calmly face the loss; if I need to cut my losses, I will.

2. There will be many opportunities in the future, as well as many traps. If I am eager to recover my losses now, I will be more likely to fall into a trap.

3. Losses stem from the timing of information acquisition and the current trend. If information acquisition is slow, how can I improve the speed of obtaining information? If it’s about trends, will this coin come back when the trend returns?

4. I must accept a fact: anything can happen. I accept the risk and understand that the market has risks; I do not fear risks.

5. I accept losses and am willing to reassess the market and projects.

6. Why does this loss affect me deeply? Is it because I had too high expectations for it, or was my position too large?

Don’t believe in stories about someone turning their last 1000U into a fortune by investing in a certain project, single coin A7, A8 making a comeback.

Out of 100 people doing this, only 1 survives, and that’s why this person shares their story. #币圈暴富