Recently, many people have come to ask me: "Binance is going to delist FIL, what should I do?"
I checked the official website and various channels and didn't see any news about FIL being delisted by Binance, which left me confused.
The only news I found related to FIL is this one.
I estimate that many people see 'removing trading pair FIL/USDT' and think it means delisting and that they can't trade.
This is what I often say, news must be interpreted correctly; many people misunderstand the news...
If you can't analyze the market and can't interpret the news correctly, it's hard not to lose money...
What is mentioned in the image is: updating the liquidity qualified trading pair enhancement plan, which is about liquidity.
This means that qualified new additions will be filtered into the liquidity program, while unqualified ones will be removed from the liquidity program.
This program is meant to reward market makers; FIL has exited this program and will no longer enjoy 'order rebates' and other incentives in this program.
To put it bluntly, those market makers used to have policy rewards for trading FIL, but now that they've exited, they no longer enjoy those benefits.
So, FIL has not been delisted by Binance and can be traded normally without any impact.
This event is really worth everyone reflecting on; why are you anxious?
In fact, many people only hear half of the news and run with it, or they don't look for themselves but just listen to what others say.
What kind of people do the main players like? They like those who don't think deeply about anything, want to make money, but don't want to invest any time, energy, or brainpower.
Always thinking about 'utilitarianism' and looking for advice everywhere, believing everything others say without caring whether it's right or wrong, as long as someone gives you a conclusion, telling you to buy or sell.
This kind of thinking is really frightening, because it means you are not taking responsibility for your investment. You are always thinking about letting others provide you with solutions, make decisions for you, but when you lose money, it has nothing to do with others; they don't need to take responsibility.
For those who are deeply trapped in FIL and feeling anxious these days, they might feel relieved after reading my article.
But I also want to say something that might be discouraging:
Being deeply trapped is already a very high risk; don't be happy just because it's not delisted; think about how deeply trapped you are at the moment.
If you want to break free from deep entrapment, you need to find the reason for being deeply trapped. The reason for being deeply trapped is not understanding the market trends, constantly buying at high levels and thinking every pullback will lead to a rise, resulting in increasing positions at high levels. So the essence of the problem is not understanding the market.
So next, whether you can break free from the entrapment and how to reduce losses, you must be clear about when to sell.
Human nature is like this; when it rose to $10 last year, I thought, what if I hold on a little longer and miss the selling opportunity? After experiencing the roller coaster, now I'm thinking if it rises to $10, I will sell.
But have you thought about it? What if it goes down without reaching $10? What if it starts breaking new lows or even really gets delisted? Or what if it rises to $10 and continues to soar, and you miss out?
So, if you are already deeply trapped, you need to find ways to reduce your losses. The only way to reduce losses is to know when to buy and when to sell, rather than relying on feelings as before.
After relying on your feelings for so many years, are you getting better or worse? Your account doesn't lie.
