When I see others trading coins, I find that they all have an obsession: if I lose on this coin, I must earn it back here.

The logic of this kind of thinking is as follows: buy more as it drops, it must have bottomed out, during the decline, I keep buying, and in the end, if I buy enough, a 10% rise might just break even.

This method is commonly known as the Martingale strategy.

But they forget that some assets can go to zero. And there are many such assets.

If it keeps dropping right after you buy, then the timing of the purchase is definitely wrong, indicating that you bought high, or there is a problem with the asset itself.

If you use this strategy in the crypto world, then it is definitely a dead end. The crypto world is a casino. Many people gamble by losing one round and doubling down in the next.

In the end, I lost everything after playing 10 rounds of big bets.

Low probability events are bound to happen, and it's often the case that a roof leak coincides with a rainy night. The result is definitely a loss.

To make money in the financial market, you must learn to decisively abandon. Because you can never rely on those losing methods to make money back.

For example, if you bought the wrong EOS or the wrong RACA. If you bought Luna wrong, you can never rely on them to rise back and make your money back.

If it really rises back, it has triggered another independent event. That is not making money based on the original logic at all.

These assets are not like Bitcoin or Ethereum. The narrative logic of Bitcoin and Ethereum is continuous and complete; Bitcoin's sole purpose is storage, while Ethereum is infrastructure that serves the blockchain network. It's that simple.

We hold them because of the integrity and continuity of their entire narrative logic; they have never changed. They have always moved forward in the way described in their original white paper.

Not selling after buying wrong is wrong; buying wrong and desperately averaging down is wrong.

Selling after making a small profit from the right purchase is also wrong.

Betting on contract sizes to make quick money is even more wrong.

Trying to buy at the lowest and sell at the highest is wrong. This way, you are destined to achieve nothing.

During a bull market, there will be waves of bullish sentiment in the market.

The money blown in by the strong wind can easily be blown away by the strong wind, after all, at that time it was windy everywhere.

This money should be put in your pocket in time, it's best to turn it into cash and store it.

In this tempting market, it's best not to act rashly, otherwise, it's extremely easy to lose money.

Because at that time, the market was full of good news, and the benefits were flourishing. Temptations were everywhere.

If you are an old player and see through this world, then you can participate freely. If you are a young player, then don't act rashly. Quickly uninstall and just play. You cannot resist temptation. Trust me, people in the market will definitely find a way to take money from your pocket.

Decisively go out to play, because the money you spend will definitely be much less than the money you would lose in this market during the later downturn. So going out to play is cost-effective.

I also want to tell you a very cruel truth: in the crypto world, those who understand a little about coins cannot compete with those who understand nothing.

In other fields, there may be specialized skills, and everything has its techniques.

In this market where luck weighs heavily, there is no technical difference between those who don't understand anything and those who have a little understanding.

But they have a significant difference in courage. Someone who doesn't understand anything dares to go all in and becomes rich in a bull market.

And those who understand a little are hesitant, looking at this news and that news, analyzing back and forth, waiting for prices, and the result is that they can't earn, but instead lose money.

Because all calculations ultimately lead to negative feedback.

The best strategy is to do nothing, endure the worst, and accept the best.

This market cannot allow you to only want the good and not the bad.

The so-called wrong method is that I avoided the big drop and endured the big rise of the bull market. So this person is most likely just bragging.

Anyway, I don't have that ability. I couldn't avoid the FTX crash on 312, and avoiding 519 was just using my discipline knowledge for protection. It wasn't my ability.

In this market where luck weighs heavily, you can only make no calculations, trust yourself, and buy what you value. If you earn money that you've never had in your life, then decisively sell. This is the truth of making money.

Making money in a bull market is definitely not due to one's own abilities, there's no need to brag, it's all a result of market trends.

Those who understand arbitrage and have a large amount of capital will earn more.

For example, if they can earn 50 million. Then in a bull market, ordinary people who do not seize opportunities can earn 40 million if they decisively go all in and trade.

This is the true difference between really skilled techniques and those who don’t understand the technique.

However, the difference between those who don't understand and those who have a little understanding in a bull market is the difference between earning tens of millions and losing everything.

So-called techniques and methods are actually not very useful. Skills and methods can help people achieve excess returns.

Those with a little understanding tend to be a bit proud, analyzing and looking at news, then being influenced by various false information. Then they get anxious, destined to lose.

Just like Mr. Zhou Zi said, going all in is a kind of wisdom.

But today I want to add a condition.

For those who don't understand the crypto world, the mentality of going all in is the wisdom to gain wealth.