New highs breed new highs, new lows breed new lows. The investment master Bernard Baruch once said, "New highs breed new highs, new lows breed new lows." This saying is vividly reflected in the cryptocurrency space, where often a drop will be followed by another drop, and a rise will lead to further rises. Don't expect to catch the bottom perfectly after a drop or escape at the top after a rise. Remember: in the crypto world, you are either conquered by the rise or the fall. And the fluctuations often exceed your imagination.
Don't fantasize about being right every time. If you make a mistake, the sooner you stop loss, the better. This market has no rules, and it's impossible to guess correctly every time. In the crypto space, it’s only a matter of probability; being able to judge correctly in most cases is enough.
Market trends are born in despair, grow in skepticism, mature in understanding, and are destroyed in hope.
If you always want to catch the bottom and escape at the top, you'll inevitably be corrected by the market. Learning to go with the trend, understanding stop losses, and respecting probabilities is the true way to survive in the crypto space.
