The crypto market has crashed again, and my social circle is filled with wails; voices of 'liquidation' and 'zeroing out' are endless. I opened my account and saw a floating loss of 2 million in one day! To be honest, I felt no waves at the sight of that number; I even wanted to laugh a bit because I had set up passive buying. It’s not that I don’t care about money, but I’ve been through a lot and my mindset is well-trained. Let me explain my logic:

1. Long-term optimism; don’t panic when it drops.

Firstly, I am long-term bullish on the crypto market. Don’t be fooled by the current severe drops; the prospects of blockchain technology are evident, and the value logic of mainstream coins like Bitcoin and Ethereum hasn’t changed. Short-term drastic drops are merely a release of market emotions and have little to do with fundamentals. That's how the crypto world operates; it can go crazy when it rises and scary when it drops, but as long as you are optimistic about its future, short-term fluctuations really don’t matter.

2. Mainstream assets are resilient and have strong fundamentals.

Secondly, I only hold mainstream assets like Bitcoin and Ethereum. Although they may drop, at least they won't go to zero like those altcoins can. Mainstream coins have consensus, applications, and ecosystems, and they can bounce back after a drop. If you're holding a bunch of meme coins, you probably can't even sleep today.

3. Major drops are a cleansing process, and opportunities lie ahead.

Finally, a market crash is actually a good thing. Every major drop in the crypto world is a cleansing process that flushes out those who can't hold on and those with unstable mindsets, making the market healthier. A significant drop is often followed by great opportunities, just like the major drop in March 2020, where many people sold at a loss, only to soon welcome a bull market. Therefore, the harder it drops, the greater the opportunity.

4. Investment advice in crypto: avoid pitfalls and make more money.

When it comes to investment advice, I have summarized three points, all of which are lessons learned through hardship:

Do not engage in contracts.
Contracts can yield quick profits, but losses can come even faster. Look at those who got liquidated today; most of them were trading contracts. The crypto market is inherently volatile, and with leverage, it can teach you hard lessons in no time. I don’t see many people around me who trade contracts ending up well.
Meme coins may seem tempting, doubling and tripling in value easily, but they can go to zero even faster. If you think you can make quick money, remember that the operators are just looking to harvest you. The fate of meme coins is to go to zero; don’t hold onto fantasies.
You can play with altcoins, but never go all in. Mainstream coins are the foundation; altcoins should be treated as a way to gamble with some small money. If you bet your entire fortune on altcoins, that’s truly a gamble for your life.

5. Mindset determines success and failure.

In short, in crypto investment, mindset is the most important. Don't panic when it drops, don't get carried away when it rises, stick to your strategy, and don't be swayed by market emotions. Today you may lose 2 million, tomorrow you might gain 4 million; that's how the crypto world works, it's all about the thrill. But as long as you can hold on and look far ahead, time will provide you with answers.

In the end, let me share a saying: 'In a bull market, making money relies on luck, while in a bear market, making money relies on skill.' I hope everyone can survive in the crypto world and wait for their own opportunities.

Borrowing words from others to encourage fellow crypto friends: 'Bull markets are born in pessimism, grow in skepticism, and die in euphoria - the current panic may just be the starting point of the next cycle.'

If you want to seize this bull market, it’s definitely too late to learn on the fly; it’s best to have someone guide you through the basics quickly.

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