Because the words 'exit' are almost impossible for you to utter 😐
I find this place in the cryptocurrency world quite magical. Almost anyone who has spent a complete cycle here has definitely made money—whether you buy altcoins, hoard mainstream coins, engage in contracts, or do arbitrage, as long as your luck isn't too bad, you can get a taste of the profits.
But have you ever seen anyone leave with a large sum of money in a dignified manner? Most people talk about 'taking profits' but then rush into the next target.
Many people think that losing money is due to not choosing the right sell point. But to put it bluntly, the sell point is something that can never truly be chosen well. Even if you successfully sell at the top this time, next time you'll be lured in by something else. It's not that you misjudged; it's that you can never truly exit.
Because the cryptocurrency world is your only stage.
Many people in the cryptocurrency circle have long looked down on other industries' ways of making money. Once you've experienced the thrill of a massive rise in just one day, that excitement is something that running a store, working a job, or delivering food can't provide. Other industries are all slow and sluggish, and the process of reaping rewards is too slow; you don't even want to look at them again 🫠
So many people's assets, starting from 'diversified allocation,' gradually move all in, like being in a passionate romance, wanting to invest in everything.
And then you can never leave again, not because you're locked in, but because you no longer regard the outside world.
So here comes the problem. When your money only flows in one place, and this place has many trends, opportunities, and temptations, you can hardly remain in cash for long. At the slightest sign of movement, you want to jump in and try, thinking this time might work, and then you're fully invested again.
So, even if you make money on a certain trade, you will turn around and put the money into another gamble. It's not that you don't understand the risks; it's that you are unwilling to win just once.
Bee tips: 'Lock' away most of your money.
Put shackles on yourself, not out of nobility, but because you know you are prone to impulse.
I know I will want to go all in, and I will be tempted by trends. So I simply don't give myself the chance.
Put 'serious assets' in places that cannot be accessed for a while. For example, buy insurance, invest in fixed investments, buy lock-up products, or invest in very stable things. Alternatively, you could straightforwardly use it to pay off loans; the mandatory monthly expenses will completely make you 'unable to play.'
Then keep a small portion as pure entertainment money; if you want to lose it, go ahead, and if you lose it all, just consider it a lesson learned. If you make a profit, only take a small part to supplement your assets, not expecting to get rich overnight from it.
You no longer have to feel your heart race every time you check the coins, nor get scared by someone else's tenfold returns in a single day, and you don't have to doubt yourself for missing a market wave. You no longer live by the impulse to get rich, but rather by the 'hunger' to survive.
Steve Jobs once said, 'Stay foolish, stay hungry.'
So what if you really need to use money? Of course, you can use the interest, dividends, and other cash flows from your locked assets. These aren't untouchable; they're just unnecessary to mess with.
True freedom isn't about how much liquidity you have, which seems very free and flexible. True freedom is not having to worry constantly about whether you'll impulsively go all in.
Learn to keep yourself in a state of being 'above the poverty line, but never quite enough.' Always keep yourself with the urge to make money, but maintain a somewhat hesitant attitude toward all trending topics.
Because you never know if the next trend is an opportunity or a pitfall. So the best method is to make it impossible for yourself to go all in. Game coins may give you a brief rush, but what supports your later life are those solid, steady assets.
So, play as you will, but half of the money must be hidden 🤭