This morning, several fans asked me, Bitcoin has once again surpassed 116000. A few days ago, I was preparing to buy after the correction, but I didn't get the chance to build a position before it rose again...

Essentially, this is human nature.

Bitcoin surged from 74500 to 118000, experiencing several ten-thousand-point corrections along the way, but you still long for it to drop even more.

If the price rises, you'll be torn again, wondering why you didn't buy at the low.

Then you think next time when it drops, you'll definitely buy, but when the opportunity really comes to pick up, you'll still hesitate, what if it drops even more? Then you'll miss out again.

Then the market really won't wait for anyone anymore, and the washout action has ended. But you still feel there must be better opportunities.

But you still haven't bought in.

So if you're going to buy, there's no need to hesitate. Actually, you're asking how to buy to earn the most. Rather than what interval I can buy to get decent returns.

You're constantly thinking about making the most money with the least investment. Buy at the lowest, sell at the highest.

Once you have the concept of bottom-fishing and the idea of escaping at the top, that's when the loss begins.

Because you haven't overcome the greedy and hesitant aspects of your human nature.

Because you don't have a clear goal in your heart, and you lack a clear discipline.

So you'll only be swayed by market emotions and confused by various voices in the market.

Many people look at their accounts, seeing Bitcoin has risen so much, but their daily operations yield less profit than Bitcoin.

A bull market will cause the blindly optimistic to lose even more money.

The risks in a bull market are greater; if you don't choose the right altcoins, you could miss out on the entire bull market. Even when Bitcoin corrects, you might not only miss out but also lose money.

When Bitcoin rises back up, your assets remain unchanged, and as Bitcoin corrects, the worthless altcoins in your hands are halved again...

Confused retail investors can only be fuel in a bull market.

In a bull market, the process of rising and correcting is a healthy process.

When the price rises too sharply, it will definitely attract a large number of speculators eager for wealth; the better the market, the greedier they become.

When market emotions get stirred, they begin to leverage, selling houses and cars to borrow money for leverage; directly leveraging within the market.

Bitcoin will actively purify the market, actively wiping out these leverages, distributing all the false, unhelpful wealth back to every institution, main funds, and us long-term holders.

The market's repeated killing of leverage actually proves the extreme upward demand in the market.

Regular investors, those who accumulate coins, and long-term traders see this kind of market and are even happier, as they can pick up precious chips in the bull market.

Only those who have been wiped out by contracts, and those who have been forced to close their leveraged positions, will vent helplessly online. A bull market is about to arrive; many have waited for years, just for these few short months, but unfortunately, many people's bullets have been washed out.

Finally, analyzing the psychology of many who missed out and lost money:

Because you've seen coins at lower prices, thinking they would drop further, you didn't get in, then it started to rise, and you didn't believe the bull market was coming, so you kept waiting.

For example.

Initially, the idea was to short during the rebound, but as it slowly rose, it had already increased nearly 10,000 points from where he missed out. For example, thinking Bitcoin would drop from 100000 to 85000, but now it's above 118000. He thinks it's risen so much that it must correct, and he'll buy after the correction.

Then during a correction, he thinks his opportunity has come, let it drop, drop hard, but it only corrected by 1000 points, and then it surged again.

Should I buy or not? Rest assured, if there isn't a substantial correction, I definitely won't buy; I'll wait until the price rises enough to convince me completely. The mentality will no longer say to short on the rebound. Then I went all in, for example, when it rose above 120,000. As a result, a genuine correction came, and my mindset collapsed.

Never feel anxious about missing out and losing due to leveraged contracts.

I've finished writing, keep it up.