Hello everyone!
Are you all okay today? To be honest, my account is not okay at all. Not just us, but many people out there are not okay at all. Yesterday, most AlTs were finding new bottoms. Particularly, anyone holding meme coins like me was sent to the pure land already. Yesterday, when it was dropping, I was sitting at a cafe talking to my brother, and I mentioned that last season I earned 3 million dollars; the reality is that this season the drivers are playing very differently compared to previous cycles. Perhaps crypto has become too popular, so only BTC follows the 4-year cycle while ATL is not necessarily like that anymore.
If we look at history, at present, we can choose car colors together, not just receiving emails from brother CZ like now. My brother lost nearly 4 billion last week alone. All the profits of 2024 evaporated in just a few weeks. Looking at total and btc.d, it’s even stranger. TOTAL is clearly at the peak, but ALT is looking for a bottom? This season, perhaps anyone buying BTC, BNB is still sleeping well, the rest, even ETH, has returned to the old bottom; anyone who bought in 2024 also had 'rice mixed with tears' yesterday. My biggest mistake was locking in profits from part of my BNB to buy memecoin. After that, BNB was still above my buying price, while that meme coin divided by 4 ☹.
I mention this so you all know that I also suffer significant losses like you and am also making plans for the near future. It’s not that I shout out to you all, then when I lose, I go silent and run away. At this moment, do you still dare to buy more? Everything is really terrible; will you dare to accept losses and buy more or sell everything and leave this market? Questions like this, every time the market adjusts, I believe many of you will sit and think a lot. I cannot use my personal experience to answer you. Because each of us has different circumstances, lives, and ways of thinking.
As for me, I will never give up on the market; I want money to work for me. But for me, the stock market is where I 'fall twice where I fall', because in the stock market, even though there is manipulation and fraud, it is still a legally protected market, and at least I am buying a real company that is actively doing business and I can receive dividends by holding stocks in the long term. As for coins, for me, it is just a market for me to diversify, avoid missing opportunities, and not fall behind the global trends.
Those of you who are really frustrated and want to give up after this time, I can completely understand and empathize with you, because this market is truly too harsh and uncertain. However, never give up on understanding the financial market; never let fear make you withdraw and abandon the path to improving your life. The time of 'the sky gives birth to elephants and grass' is over. The 'grass' now has been completely monopolized. Elephants now not only eat grass but also know how to eat imported fruits. Ironically, the imported fruits cannot be born from the sky. Therefore, the only way is to develop oneself, earn money to buy imported fruits for the elephants to eat. But who can live on a salary for a lifetime and still be wealthy, right? If there’s no way this way, then there must be another way to make money work for you. I just hope that none of you here loses faith and gives up. Going back to sending money to the bank for 5% interest a year ☹
I know there are many older members in this group than me and even in the market earlier than me, so I've never dared to claim to advise or teach anything. From the very beginning, this group was set up for us to chat casually to motivate each other through tough times like this. There’s no shouting to buy or sell or chasing anyone here. Here, sharing feelings and emotions is what I hope for when I hit the button to create this group.....