Have you all seen that "billion-dollar gambler" James recently? At first, his moves were actually quite right! He decisively jumped in when Bitcoin was at 99,000, just to bet on it breaking new highs, and he indeed made a lot of money. At its peak, his earnings soared to 90 million dollars, simply unbelievable. 👀
But the problem is—he started to think about shorting later, and then he just got carried away...
His operations became increasingly distorted, frantically increasing his positions, repeatedly trying to catch short-term trades, and in the end, all the profits vanished, 90 million went up in smoke. 💥
But to be honest, people like him definitely have money off the market. Those who can bet millions of dollars on contracts usually have tens of millions in cash as a backup. Even if they fall, they won't be completely wiped out; they're just there for the excitement.
But this incident made me realize:
I also have a tendency to get carried away; when I get excited, I tend to over-trade and make decisions that lack logic.
So I made a strict rule:
Whenever I make a significant profit in the crypto space, I will immediately withdraw it and diversify it into different places, not giving myself a chance to "bet bigger."
Don't dream about making "tens of millions" or "aspire to earn a billion"; wake up, brothers, if you can run, run. Taking profits is the real deal! 🧘
There are actually many reliable investment channels out there, with a bunch of long-term high-dividend stocks in the US, Hong Kong, and A-shares. For people like us who trade cryptocurrencies, if we really catch a big wave and get out smoothly, transferring funds to these stable high-yield targets will allow us to live a stable and prosperous life even if the crypto market declines, and the profits diminish—we won't need to panic.
For me, the most important goals are only three:
✅ Not falling into poverty
✅ Not leaving the table
✅ Not being in debt
In simple terms, it's about controlling one's greed, earning enough, and leaving. A little surplus is a blessing. 🍃
If you really can't control your greed, then regularly cash out to give yourself some "insurance."
In the crypto world, sometimes it's not about who earns more, but about who can survive longer, withdraw quickly, and hold on.
Controlling yourself is more important than predicting the market.
May everyone be able to take it up and let it go! ✊