I personally agree with this statement very much, and actually everyone should resonate with it. The general trend is upward; those who hold feel uneasy, while those who short feel anxious. You might think a reversal is coming, but in reality, it’s just a feint. The holders have reduced their profits, and the shorters have suffered heavy losses.

Some people always say not to think too big, but is it useful? They lose more than they win.

My personal view: In a high-risk market, short-term trading is gambling. Only by trying to widen the trading cycle and expand the trading space can we maximize the avoidance of capital and institutional harvesting in a range.

This cycle actually started with a continuous decline last year. After several weeks of continuous decline, interspersed with sharp drops and halving rebounds, there was a time when there were daily divergences at the bottom. Was that normal? At that time, it was abnormal. I was just weighing whether this market was going to collapse. After dismissing that idea, I concluded that this was the darkness before dawn washing out the bottom... Calculating the chips, estimating the maximum extent of the drop (I considered 30,000 as the bottom for Bitcoin, 600 for Ethereum, and for some altcoins, I even calculated them as going to zero), buying on dips and adding positions that wouldn't explode.

At that time, I was really exhausted. I would just look at the market every day, not even looking at the losses, just calculating how much lower it could go and how much to add. When Ethereum reversed around 1300, I only managed to buy in single digits (until it rebounded to 1600, fluctuating but not falling back down, I then doubled my leverage and opened a contract to make it a three-digit position, setting a stop loss at 1300). At that time, a group of people was shouting that Ethereum was done for, which undoubtedly increased my confidence. For other altcoins, I basically bought the leading coins in their sectors, keeping only a basic position, adding when they dropped, and reducing by 90% when they rebounded. It was really worrying.

And now it is like this...

To be honest, you can look back at the charts; actually, altcoins have outperformed Bitcoin and Ethereum during this period.

I’m not saying this to show off, but just to say that this market really requires a long-term one-way layout. Be patient and manage your hands to build positions gradually. If you can hold on until the end, you will have a stable seat on the ship. Those who board halfway are likely to be unstable, so these people have switched to short-term trading, going short whenever there’s a rise, becoming a group of gamblers, winning once and losing twice, or winning nine times and losing one big time, ultimately losing everything.

Long-term vision is always advisable... This is for the current group of complainers.