As long as you’ve been in this circle for a cycle, and you’ve participated deeply, you’ve definitely sold at a loss, missed opportunities, and cut losses.
There are always people asking if Bitcoin is so expensive, can you still buy it? Isn't that just naive to hand it over to others? In fact, Bitcoin can be bought at any time.
I have also sold at a loss many times myself.
The reason I sell at a loss is not because I don’t understand, but because I understand too well that most coins in this circle are scams.
I never listen to how the project party boasts. If I get on the ship of a scam coin, I am always ready to jump off.
To prevent selling at a loss, sometimes I set a rule for myself: I absolutely won’t sell unless it triples. This rule is actually not 100% executable. The efficiency might be only 30%. For example, this year, I held onto Rndr tightly because it kept rising. I thought new energy could be traded for 3 years; the artificial intelligence computing sector can’t just end in a year and a half, right? Very few people held onto the free Sui; most sold out because it fell for a whole six months.
In fact, such forced restrictions are also useless. There is only one real reason that can stop you from selling.
Coins that have been proven to rise long-term, like Bitcoin and Ethereum, you can hold onto. If you can't hold onto these two, it must be due to a lack of money; there’s no other reason.
The fundamental reason why other coins can’t be held is that they just don’t rise, they keep falling, falling to the point of despair. Once you get scared, you sell. How could anyone not hold onto coins that keep rising? I believe as long as a coin rises every day, it will basically be held tightly.
Those coins born for being cut, you just can't hold them. No matter how many methods you research, it’s useless. Desperately studying method two while ignoring the coin's essence, when it drops, you'll be scared. Just think about it, if you bought a coin and made a million, then it suddenly drops by 200,000, would you feel the impulse to sell? Yes, but you can hold on. What if it drops by 500,000? After holding on a bit more, and then down to 200,000? You would definitely sell and scold yourself. Why didn't you sell earlier? After accumulating this kind of experience multiple times, next time you will run away in time, but running away in time leads to earning less. You always end up selling at a loss, and no matter what technique you study, it's useless because they have this property. If you can truly hold, you will be left with nothing.
Actually, people in this circle seem to be very diligent. They are all studying technology and strategies but overlook the most important thing: they didn’t choose the right coin. They made profits, but in the end, all went back. I have yet to see anyone truly turn enormous bubbles into actual wealth.
Look at all problems more comprehensively. If a person has tens of millions of U, and they invest in a coin that earns 20 times, that’s not impressive at all. For their total assets, it might only be a 2% increase. If you have very little money, in this case, it’s easy to close your eyes and buy; making a 5% profit is also very simple. So, it’s not that they are impressive; it’s that they already have money, and having money will gather infinite potential around them. They have countless opportunities that never run out, making it easy for them to profit. They can afford to lose and are not afraid of trial and error. But they won’t tell you about their losses; they only tell you how much they successfully earned. Then you admire them and learn their methods, and that’s when you’re done.
Real skill lies in universal, indiscriminate methodologies, not just arranging a week-long IP for you, and then you just go and do it, thinking you’re impressive. Real skill is when you are given a regular person, and you can still make that IP succeed.
The truly universal, indiscriminate methodology in the cryptocurrency circle, I think, is to earn more money outside the market, buy and hold, and then vigorously claim airdrops and arbitrage, continue to buy. This method can quickly accumulate assets because I have been doing it like this for a long time, and I know its power very well.
If you have already mastered a universal methodology, you will definitely have little interest in looking at technical indicators, chasing hotspots, speculating on hot topics, or pursuing sector rotation. Lucky people can indeed make money by doing these, but they might lose in the next wave, and the opportunity cost is actually quite large.
People often say that compound interest can make one rich, but in fact, no one has truly become rich through compound interest. That’s the biggest lie. Even old Buffett, he was already a celebrity and a god of management, not a god of stocks. There are just too many people labeled as gods of management; they need traffic, so the title of stock god is more fitting. He doesn’t really trade stocks; he makes money through management.
So the real ability of compound interest is the ability to make money outside the market, your ability to earn cash flow. You need a continuous source of water to truly have compound interest. Most people think of compound interest as buying something and waiting 20 years to get rich. Except for the bound shareholders who can do that, other stuff written in books is actually deceiving you. Those who can hold are basically not very concerned about the money; you can’t. If you earn a few thousand a month, how can you afford to wait? Don’t mention 20 years; you can’t even wait 4 years. Otherwise, why are so many people buying Bitcoin in a bear market and still not making money? The key is still a lack of money. A slight rise and they sell, then they go do something else, but many won’t realize this lack of money issue and instead desperately study methods. As long as they see someone without money succeed, they will firmly believe that such a low-probability event will happen to them. Their failure is just due to not being hardworking or the timing being wrong.
The more you lack money, the more anxious you become. There are too many people in the market who can meet the needs of those lacking money: swing trading, contract trading, hundredfold coins, thousandfold coins; there’s always something suitable for you. Once you enter, it’s a trap, and turning left at the exit, there are a hundred ways to clean you out.
Actually, no one can hold onto assets that keep falling; everyone is the same. You can hold onto assets that can rise, and if you choose an asset that can rise and you have money, you won't sell so easily. Even if you've sold at a loss a few times, you'll quickly correct yourself and be able to hold next time. So, choosing an asset is very important, but it's not difficult to choose. You just need to look at the market capitalization. You don't even need to look at the valuation.
The cryptocurrency market is full of lies and opportunities to get rich, but as long as you sincerely face yourself, knowing what you know and what you don’t know, you can make money clearly. What is making money clearly? It means you know why you made money, where the money came from, and you should also understand why you lost money. Review in time, sincerely face yourself, accumulate experience, and in the future, no one can fool you anymore. Sincerity is the key.
Keep it up! I am Qiqi, a sincere old investor wishing you wealth in the cryptocurrency world.
Continue to focus on BTC, ETH, BNB.
Bulls have their strategies, and bears have their ways to play.
Qiqi won't lead fans to margin call, nor will she blindly open positions.
It's all about seeking victory steadily, progressing steadily. Those who want to feast should follow Qiqi’s lead!
