Stage One: The rookie protection period. Buying in during a bull market meant making money. I experienced the allure of the crypto world, watching my assets soar every day and feeling happy. In the end, I thought I had bought too little, borrowed money to invest, bought in heavily, and got stuck at the peak. No matter how much it rose, I wouldn't think of selling. When the bear market ended, I lost everything I had earned, and in self-comfort, I decided to hold on indefinitely. At this moment, you understood 'value investing.'
Stage Two: After suffering losses, I began to study trading techniques. I could seize hot trends, buy and make a profit, and then run away. In the end, I missed the big market movements and made only a small profit.
Stage Three: I delved deeper into my studies, working hard on techniques. I started researching bottom-fishing and peak-escaping strategies, but I kept buying lower and lower. I ran out of chips, and the market still hadn't stopped falling. I understood the methods of technical bottom-fishing.
Stage Four: I studied techniques further and learned how to choose targets, but I didn't know how to manage funds. I might encounter a black swan event and lose everything.
Stage Five: My mindset entered a conservative phase. I became fearful of cryptocurrencies and hesitant to make moves. I doubted all information and began to study targets myself. I cautiously bought in, learned to observe market sentiment, started to understand market speculation logic and funding expectations, and also learned about risk management.
Stage Six: I shed my arrogant mindset, became humble, respected the market, and no longer acted greedily. I believed the market was always right, and being able to take away a portion of profits was already a success. I no longer had ambitions to earn A9A8; I was just content to make a profit and didn't mind A6A7.
Stage Seven: I could seize opportunities in market fear, recognize crises within FOMO emotions, grasp market hotspots, and understand whether cryptocurrency prices were high or low. I was neither greedy nor fearful of the market. I no longer sought to make a big profit all at once but aimed to earn a little each time, accumulating 3-5 times from each major hotspot and 50% from smaller ones. I understood the importance of staying out of the market and letting go, only entering when there were significant opportunities. At this moment, you achieved enlightenment in the crypto world.
Dear friends, which stage have you reached? Please leave me a message. I'll support you.