Chronicles of the Cryptocurrency World: Be the Captain of Your Own Mindset
The cryptocurrency world is not a casino; it is a place for self-cultivation.
Don't rush to refute; ask yourself: Why do I always feel excited during a surge and anxious during a crash?
1. Replace the 'get-rich-quick dream' with a 'wake-up call'
Before entering the market, splash some cold water on yourself —
Can you accept a 50% loss in your account and still eat?
Can you resist going all in when everyone shouts 'the bull is here'?
True opportunities are always reserved for those who dare to say 'pause' to greed.
2. Invest like planting a tree, not like scratching a lottery ticket
Those who pull up a seedling as soon as it sprouts will never see it bloom.
When doing regular investments, imagine you're planting seeds; when prices drop, remind yourself 'it's time to fertilize'; when prices surge, remind yourself 'don't dig up the whole tree for candy'. Time will reward the patient with the sweetest fruits.
3. Stop-loss is not surrender; it’s a tactical retreat
The outcome of dating cryptocurrencies often ends up with one party going bankrupt.
Set clear boundaries in advance:
- Stop if your principal loses 20%, take a break for three days
- Liquidate without reason if it’s halved
Remember, the market won’t be moved by your 'stubborn persistence', but your wallet will be reborn by rational stop-loss.
4. Cultivate a 'deaf heart' amidst the noise
Filter out three types of voices:
- The 'chosen ones' flaunting their gains (might be photoshopped)
- The doomsayers screaming 'it's going to zero'
- The masters teaching you 'guaranteed winning strategies'
Real signals are often quiet: on-chain data, economic cycles, human nature.
5. Keep an ace up your sleeve that you never play
No matter how crazy the market gets, keep 10% cash on hand.
This is not weakness; it’s a knife for your future self —
When everyone else is on their knees cutting losses, you can stand and pick up the bloody chips.
Finally, I offer you two pieces of armor:
- When prices rise and fall without surprise, go to the balcony and look at the clouds, reminding yourself that there’s life beyond cryptocurrency
- When sleepless and anxious, read the Bitcoin whitepaper, remember what we initially believed
The hardest part of the cryptocurrency world is never the technology; it’s those who can forge emotions into steel.
Let’s encourage each other, captains. 🌊
