Have you heard the story of 'waking up bankrupt'?
There was a person who made a lot of money during the bull market in cryptocurrency. He stared at the charts every day, afraid of missing out on the gains. Finally, one day, he just couldn't take it anymore and decided to take a nap. He thought, what big event could happen in just a short rest? As a result, when he woke up, the market had crashed, and his account had halved. Suddenly, he was wide awake and thought he never wanted to sleep again.
In fact, many people hope they can stay awake and keep a close eye on the market at all times. But no matter how hard you try, the market will not favor you just because you slept a few hours less. Investment is more of a test of endurance than a race.
A good market does not mean it’s always the best time for you to jump in. The cryptocurrency market is sometimes like a marathon rather than a sprint. Timing is crucial; "act three steps ahead, and you’ll go bankrupt. Act one step ahead, and you’ll make a fortune." The market has delays, and emotions are also lagging, so timing and luck are very important.
I believe most people have experienced this. When they first enter the market, they see prices rising and are always eager to chase the highs, only to end up catching the downside of a peak. Thinking they are buying the dip, they end up buying halfway down the slope, and then it can be cut in half again, distorting their operations.
Later, I understood that true experts are those who can calmly control the rhythm. They do not blindly follow the crowd but maintain clarity during market euphoria and look for reasonable entry points during fluctuations.
My advice is: while timing is undoubtedly important, mindset is even more critical. During a booming market, stay rational and do not be overwhelmed by FOMO. Set your own goals and bottom lines, find a rhythm that suits you, rather than blindly chasing the market frenzy.
Remember, investing is a long-distance race. While catching the trend is important, not losing your rhythm and judgment is what will allow you to go further in this competition.
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