The market has been quite dull these past few days, with little volatility, just moving back and forth. But often, the quieter it is, the more it signifies good things to come.
Bitcoin is holding back at 110,000, Ethereum is holding back in the range of 2,800, and many mainstream quality coins are also stirring.
Thinking about the upcoming market is exciting, inexplicably thrilled, a big bullish candle, with thousands of troops coming to meet.
Some people might say, 'Bitcoin has been stuck at 110,000 and Ethereum has been stuck at 2,800, it feels very hard to go up.'
When investing, do not rely on feelings, feelings are useless. If feelings were useful, then one should have felt every wave in the past and seized every opportunity. Only you know whether your feelings are right or wrong.
To grasp market trends, one must analyze the signs of both bulls and bears through the funding situation, news, policies, fundamentals, and combine them with technical analysis before the market arrives, to draw future conclusions.
It's not because the market fell in the past, or that the market has been stagnant, or that it rose to this position and then fell, so it feels like it can't go up. This feeling is actually 'seeking a sword in a boat'.
To achieve results in investing, there are two aspects: confidence + patience.
The source of confidence comes from the enhancement of our understanding. With direction in this industry and direction in the market, one won't worry blindly or anxiously run around different communities seeking news. Without confidence, how can one seize opportunities?
Having confidence is the first step, but just having confidence without patience is not enough.
I often hear people say, 'I didn't enter this industry earlier. If I had come in earlier, Bitcoin would have risen hundreds of thousands of times. If I had bought in 2008 and held until now, I would be worry-free.'
May I ask, if you have no understanding or confidence in this industry, how can you hold for a decade? What international joke is this?
Nowadays, many people buy coins but can't hold onto them for even a few months, let alone for ten years. By the end of 2022, many people must have bought in the range of 15,000 to 30,000 for Bitcoin, right? But do they have the patience and confidence to hold until now?
Patience comes from correct investment thinking and concepts. One must be able to properly understand what short-term, medium-term, and long-term mean.
Thinking about making big money, trying to grasp the entire trend in the long term, but as soon as the market fluctuates, they become affected, and when seeing the market oscillating, they think about making waves. They don't even understand the coins they hold, nor do they know the trend background, which leads to a lack of confidence and patience.
To achieve good results in investing, one must have 'confidence and patience', but many people never think about how to increase their confidence and patience while wanting to make big money. This is a dead cycle.
This is how to make money. The method is actually quite simple, but the current social environment leads people to always want to take shortcuts, wanting to reap rewards without putting in the effort, constantly asking about market conditions and coins, while lacking any confidence and patience, which results in straying further away from the path of success.
