These days, various groups are lifeless. When I opened one, I found that Bitcoin hit a new high while altcoins kept falling, which has shaken many people's confidence.
Various voices have come out, saying that the bull market is about to end in a flash. Some friends even say that Bitcoin is a tool for Americans to harvest global wealth.
If you just entered this circle in the past six months, this might be your first encounter with the cruelty of the crypto world. You came for the price increases and high returns, but the Bitcoin train is fueled by the wealth of countless 'smart people'.
By the time we react, it’s already too late. Just like last year when I kept saying it looks like garbage now, the bull market is full of gold, it’s the same logic.
But if you are a contract, then the position might be gone between coming and going.
The current situation is very similar to last October. I remember it clearly; Bitcoin returned to 60,000 while altcoins were still hitting new lows. This pullback isn't as severe, but the market's panic sentiment is almost unanimous.
But since then, BTC and altcoins have started a grand rise that lasted for two months.
I often joke and say:
For assets with very new concepts, if you do not have the psychological capacity to bear a 70% drop within three days, do not invest in cryptocurrencies.
Such people cannot see the Ordi/Atom at that time, and do not believe in DA module blockchain; they will never see a Bull Market and do not believe in any MEME.
If they caught the emergence of BTC, they would rather have hot pizza than BTC. In their hearts, they do not believe in any possibility of making money in the medium to long term.
In their eyes, there is only cutting losses and being cut, only short-term speculation, only taking profits when they see gains. I say this, and it will hurt many people, but let it hurt. The bull market is here, and there is no time to react, only confusion.
Calm down, we are long-term players. Yesterday Bitcoin dipped slightly, and there were all sorts of voices in other groups saying it would go to 98,000, that it would crash, and that they were bearish. These are all very restless behaviors; our community does not have such voices. Why?
Everyone is like-minded players; the pullback in a bull market is not a risk for us but an opportunity. You must understand this reasoning. A few friends asked me how to analyze trends, and after I explained this reasoning to them, they felt at ease, replenished their positions, and went to sleep instead of nervously watching the market.
In a bull market, operate less; mindset is very important. Let me share my mindset: If it goes up, I should be happy, right? This means my decision has been validated; if it goes down, I should be even happier. Why? Because I can acquire a chip at a lower price.
A fan previously asked me if, seeing the current housing market and the not-so-distant crypto bull market, I could mortgage my house and go all in?
I say absolutely do not, do not borrow money to trade cryptocurrencies, do not leverage inside or outside the market.
Within a cycle, it is undeniable that Bitcoin outperforms real estate.
However, Bitcoin outperforming real estate does not mean that you can ultimately hold Bitcoin to outperform real estate; these are completely different matters!
So definitely do not sell or mortgage your only house to trade cryptocurrencies; this is the beginning of amplified gambling. What good results can a person with amplified gambling come to a big casino?
If you are using borrowed money or leveraged, can you really hold on in today's situation? You might not be able to resist cutting losses, I just find it hard to endure.
Based on the current or future prices, after about two years, who will outperform whom? Normally, Bitcoin should outperform real estate. However, the most dangerous aspect of investing in Bitcoin (crypto) is not the short-term gains or losses, but whether you have enough discipline to hold through an upward trend without doing short-term trades, not fearing pullbacks to cut losses, not getting into leveraged contracts and liquidations, not being scammed or hacked, and avoiding gambling in Ponzi schemes. The answer lies within yourself.
The crypto world is not all luxury cars and beautiful women, nor is it all bloody cutting losses and gamblers facing liquidation.
It can also be about having your own methodology, your own investment philosophy, and your own persistence to earn the money you deserve.
Think carefully, invest wisely, and live well.
I have finished writing, keep it up.
Continuously monitor: $BTC $WCT $TRB
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