How to Preserve Wealth? In the cryptocurrency world, making money is luck, but preserving it is a skill.
In recent years, I've seen too many people go from "financial freedom" to "losing everything," and the distance between them is just a bull and bear market away. Preserving wealth has never been an easy task, but some rules are worth repeating:
1· Managing emotions well is the most basic practice. The worse the market, the easier it is for emotions to take over.
Have you noticed that every time there’s a significant drop, you can't help but check Twitter and scroll through groups, trying to "find some direction"?
But the problem is,
when you’re feeling down, the world you see is already biased. When others are bearish, you start to feel bearish too; those who are bullish become your emotional support.
How do I know this so well?
Because I have also been countless times others' "emotional outlet." Irrational emotions → Irrational actions → Chasing highs and cutting losses; this is the classic path that 99% of people in crypto take to lose money.
What you need to do is: Manage yourself during significant volatility and stay calm amidst extreme emotions.
2· Learning to realize gains is the secret to survival.
Many people think that making money in the cryptocurrency world relies on "long-term holding + compound growth." But the reality is, the cryptocurrency world doesn't suit that theory. Not realizing gains = turning profits into capital → Exposing yourself to risk again → Ultimately going to zero.
Those who truly stay will regularly realize gains when the market is good.
10% profit on your capital? Take some off the table.
20% profit? Set a take-profit point.
Leaving some bullets is for the next entry.
The worst isn’t losing money, but when the market comes, you have no bullets left.
3· Make decisions only within your understanding.
If you can understand the track, project, and logic, you can participate.
If you don't understand, don’t force yourself, and especially don’t pretend to understand and go all in recklessly.
What you are doing is investing, not gambling. You think you are "taking the future," but in reality, it’s just your blind spot in understanding that punishes you. The bottom line of investing is: It’s better to miss out than to act blindly.
Finally, I want to say: Wealth is not about how much you earn, but how much you can afford to lose and how much you can preserve.
Preserving wealth is not about luck, but about emotional management + rhythm + self-awareness.
In the whirlpool of cycles, those who truly survive are never the smartest, but the calmest.
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