Below is a summary of the ten progressive stages in the cryptocurrency world, from beginner to maturity, and finally to transcendence:
First Realm: The Beginner Who Just Entered the Scene
With great enthusiasm for financial investment, I am determined to realize 'money making money' in the cryptocurrency world, often rushing into the market during the bull market craze, starting my journey with great ambition.
Second Realm: The 'Believer' Who Goes Wild with Small Gains
Tasting sweetness in a bull market, I became obsessed with frequent trading, firmly believing in the words of analysts and influencers, diligently studying their seemingly professional analyses every day and treating them as a guide.
Third Realm: The Confused Value Investor
Gradually realizing that the analyst's words are sometimes inaccurate, and understanding that making money is not that simple, I turned to studying the fundamentals of cryptocurrencies and tried value investing. However, I often encountered situations where 'no matter how good the data is, the coin price keeps falling,' and I began to doubt the authenticity of value investing.
Fourth Realm: The 'Prisoner' of Technical Indicators
Progressing from a novice to a new trader, I painstakingly researched various technical indicators, but my operations are inconsistent. Occasionally I have small gains, but more often I incur significant losses, leading to chaotic operations (switching back and forth between short-term and long-term trades), knowing more indicators but having less capital. Some become disappointed with the indicators, even despairing of the market.
Fifth Realm: The Dilemma of the Veteran Trader
I have my own understanding of the cryptocurrency world and can talk about technical indicators confidently, yet I find myself confused in the 'whatever I do seems wrong' dilemma: whether operating based on indicators or fundamentals, I always lose more than I gain, as if the main forces are targeting me. Many people stop here, thinking that technical analysis and fundamentals are mere talk, and trading cryptocurrencies relies entirely on luck; thus, they give up learning and rely on intuition to chase prices, returning to chaotic trading.
Sixth Realm: The Mature Expert with a Stable Mindset
With many years of experience, I have developed my own trading model through practical experience. Although I still incur losses, I can accept them calmly (viewing losses as part of trading), achieving 'more gains and fewer losses,' with a stable mindset. Few people can reach this point, and the confusion of the fifth realm is the main barrier.
Seventh Realm: The 'Lone Ranger' Who Understands Trends
No longer entangled with technical indicators, I simply understood the basic logic of cryptocurrencies (knowing what they do), and focused on trend swing trading: if the trend is upward, I hold my position; if the trend deteriorates, I liquidate and exit, waiting for the next opportunity. At this point, I have found my own trading 'way.'
Eighth Realm: The 'Stabilizer' with a Fixed Model
Forming a complete and unique trading model, I only trust my own judgment and am not swayed by external opinions. I focus only on the performance of the cryptocurrencies I hold every day, remaining indifferent to short-term fluctuations as long as the trend line is intact, with a mature and stable trading model.
Ninth Realm: The 'Controller' Who is Above It All
Like the realm of 'having coins in hand but not in heart' in martial arts, I am well-versed in the fluctuations of the cryptocurrency world, able to enter and exit trades freely, unaffected by market emotions.
Tenth Realm: The 'Free Spirit' Who Sees Through the Essence
No longer obsessed with the cryptocurrency world, I see it merely as an investment venue, achieving stable profits each year and having already attained financial freedom. They deeply understand the essence of the cryptocurrency world and have grasped the life principles contained within it. Those who reach this realm are truly rare.
Which realm are you in?
