These past few days, all the groups felt lifeless. When I opened them, I realized that while Bitcoin reached a new high, altcoins continued to plummet, causing many to lose confidence.
Various voices are emerging, claiming that the bull market is about to end in a flash. Some friends even say that Bitcoin is a tool for Americans to harvest global wealth.
If you just entered this circle in the past six months, this may be your first encounter with the cruelty of the cryptocurrency world. You came because of the price increase and high returns, but the Bitcoin train is fueled by the wealth of countless 'smart people'.
By the time we react, it is already too late. It's like I kept saying last year that what seems like garbage now will turn to gold in the bull market.
But if you are in contracts, you might find that your position could vanish in the back and forth.
The current situation is very similar to last October; I remember it clearly. Bitcoin returned to $60,000, while altcoins continued to hit new lows. This time the correction isn't as severe, but the market's panic sentiment is nearly unanimous.
But since then, BTC and altcoins have embarked on a grand ascent lasting two months.
I often joke about it:
If you don't have the psychological capacity to withstand a 70% drop within three days, do not invest in cryptocurrencies.
Such people cannot see the Ordi/Atom at that time, nor do they believe in DA modules on the blockchain. They will never see a Bull Market, nor do they believe in any MEME.
If they had been there when BTC was launched, they would have preferred hot pizza over BTC. In their minds, they do not believe in any possibility of making money in the medium to long term.
In their eyes, there is only cutting and being cut, only short-term speculation, only taking profits when it's good. I say this sentence, and many will feel hurt; if it hurts, then so be it. The bull market has arrived; there's no time to feel hurt, only confusion.
Calm down; we are long-term players. Yesterday Bitcoin dipped slightly, and in other groups, there were all kinds of voices saying it would go to $98,000, that it would crash, and so on. These are all very restless behaviors. Our community doesn't have such voices. Why?
Everyone is like-minded players; a pullback in a bull market is not a risk but an opportunity for us. You must understand this principle. A few friends asked me how to analyze the trend. After I explained this principle to them, they felt at ease; those who needed to average down did so, and those who needed to sleep did just that, instead of nervously staring at the charts.
In a bull market, less operation is key, and mindset is very important. Let me share my mindset: if it rises, I should be happy, right? This means my decision has been validated. If it falls, I should be even happier. Why? Because I can get a better price for my chips.
Previously, a fan asked me if, seeing the current housing market and the impending cryptocurrency bull market, I could mortgage my house and go all in?
I say absolutely not; do not borrow money to trade cryptocurrencies, do not leverage on or off the market.
Within a cycle, Bitcoin outperforming real estate is beyond doubt.
However, just because Bitcoin outperforms real estate does not mean you will ultimately be able to hold onto Bitcoin and outpace real estate; these are completely different matters!
So definitely do not sell or mortgage your only house to trade cryptocurrencies; this is the beginning of amplified gambling. What good outcome can there be for someone with a gambling mentality entering a big casino? Those with more houses should choose wisely and think about whether they are suitable for investment before making a decision.
If you are using borrowed money or have leveraged your position, can you really hold on in today's situation? You might end up cutting losses because it's hard for me to resist.
Based on current or future prices, after about two years, who will outperform whom? Normally, Bitcoin should outperform real estate. However, the most dangerous aspect of investing in Bitcoin is not the short-term gains or losses, but whether you have enough determination to hold through an upward trend without engaging in short-term trading, without fearing intermediate corrections and cutting losses, without touching leveraged contracts, without being scammed or hacked, and without engaging in gambling with funds. The answer lies within yourself.
The cryptocurrency world is not only filled with luxury cars and beautiful women, nor is it just a place for gamblers who are bloodied from contract liquidations.
You can also have your own methodology, your own investment philosophy, and your own persistence to earn the money you deserve.
Think carefully, invest wisely, and live well.
