Today when Ethereum was at 2600, I had already informed within my circle to clear all leveraged positions and only keep spot positions, and based on actual conditions, retain long-term positions while moving stop-loss levels for short-term positions to lock in profits, embracing larger profits. In the short term, this choice is not bad. The market is of course still...
It will surge to even higher points. The reason I told everyone to clear all leveraged positions is that this round of decline, due to some friends' leveraged positions, left them feeling almost desperate when the market was undervalued. Many friends had their hearts broken and even showed signs of cutting losses around 1400. At that time, I could only try my best to advise; some people tossed me a harsh comment and proudly left the crypto world, very carefree, waving goodbye without taking a single cloud with them... leaving me alone in the wind, feeling disoriented.
Some friends took advice, and even in their most desperate moments, they held on and slowly dollar-cost averaged at the lows, continuously lowering their holding costs. Essentially, in this wave, at least for the Ethereum project, they won’t lose money. This is the benefit that long-termism brings to retail investors. In the crypto world, the most important thing is mindset; if your mindset is poor, it’s almost impossible to make money in this circle.
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There is no absolutely correct strategy in the crypto world.
Everyone must be cautious in the investment process, anyone who encourages you to make gambling-style investments is almost certainly a fraud, treating other people's money as if it were not money.
At all times, pay attention to position risk control, reasonable allocation planning, separate long-term and short-term positions, always keep cash on hand, and embrace valuable coins...
Using time to fight against the whales is the secret for us retail players to make money in the crypto world.
The KOL circle is also a chaotic mess, full of mutual ridicule and slander...
It’s a chaotic mess, and people love to kick someone when they’re down.
However, I have never done that, although I secretly laugh inside.
I am only conveying the correct investment philosophy in the crypto world through words, but very few people actually listen; it's quite sad.
Only when you spend enough time in the crypto world and lose enough money, will you suddenly realize that what I said might be right.
Making money in the crypto world isn’t difficult; the difficult part is how to adjust your mindset when facing market fluctuations.
For example, during this round of Ethereum, what was your mindset when it plummeted?
Now that it has risen, what is your mindset?
When it dropped from 2600 to 2400, what was your mindset?
When it was at 1400, were you brave enough to buy the dip? Why were you not brave?
When it was at 2600, did you chase the high? Why were you willing to chase it then?
......
I hope everyone thinks carefully about these questions; investing is something that requires a calm mind, and you must not keep putting yourself in a hot seat every day.
During this period of sharp decline, I was also very uncomfortable because I had leveraged positions in Ethereum, and at the worst point, I lost quite a lot. Today, at 2600, I closed all my leveraged positions and even made back nearly ten, feeling great.
Hold on to the spot without moving.
If everyone can’t control their restless hearts, do something interesting, even if it's going for a massage or playing games... it’s a good way to distract yourself.
Currently in a bull market, opportunities arise every day as the winds change. Keep going, crypto community.
