I am from Changsha, Hunan. Because of trading coins, I just experienced a divorce in 2024, losing my wife and children, and almost losing my life...
Using children as leverage during a divorce, threatening and enticing... I almost got so angry that I had a brain hemorrhage. Fortunately, I did not get too entangled at that time.
Don't even talk about turning things around; holding on during the toughest times is already a difficult task!
This answer is relatively long; if you can't read it, just scroll to the end of the article. There is a sentence here that is my hard-won lesson and experience from over a decade of investing and trading, worth millions! It needs to be understood repeatedly.
I have experienced several dark moments, but ultimately I still had ups and downs. I have experienced earning hundreds of thousands in a month, and I have also experienced making 3 million in a month, as well as going for years with only a few tens of thousands.
But what else can be done? You can only keep feeding yourself motivational quotes and constantly ask yourself. And during this process, find the path and methods.
Mentality section:
If you always lose interest in everything after a short time, and want to give up when faced with difficulties, I suggest you read the following 7 questions; they will definitely fill you with motivation.
How old are you this year?
Do you have any debts now? Can the money you earn support your life?
How old are your parents now?
If your parents now need an urgent amount of 300,000, can you take it out immediately?
If your partner lost their job now, can you afford to support both of you?
Will you let your partner feel ashamed in front of their best friends?
Do you feel fear about the above questions?
If you feel fear about the above questions, believe that when you want to give up, you will definitely be filled with strength in an instant.
Okay, now let me talk about one of my dark moments. Yes, just one of them. Because you must know that life is never just a black line. It is a constantly fluctuating wave-like curve with peaks and troughs.
Have you ever experienced a 'dark moment'?
In the 'dark moment,' we fell off a cliff, the wind cutting our faces, stones injuring our bodies, and we crashed to the bottom, shattered to pieces.
We have endured various negative forces, experienced all the worst experiences, our confidence and courage have been shattered into dust, and even our worldview has been destroyed and rebuilt.
But right on the edge of the cliff, some people refuse to accept their fate and climb back up, while others fall to the bottom and can never return.
Each of our life curves will encounter at least one rapid fall; this is something we must experience. However, it determines whether we become strong or completely ordinary.
Those who have survived the darkest moments carry a certain black vitality. They might be the ones everyone envies: their speech usually has a steady rhythm, they have habitual gestures, and once they decide to do something, they automatically block out the opinions and views of those around them, as they simply do not have time to respond to these unimportant doubts, nor do they care to explain, because they are not on the same level. However, they are very concerned about the important people around them.
If you are also experiencing a dark moment right now, I have some words for you:
First, reconcile with yourself, accept your shortcomings, embrace all your flaws. I am not a chosen one; I am just an ordinary person. The more you are in adversity, the more you should learn to accept your imperfections.
Second, stop harboring unrealistic fantasies about the outside world. Everything depends on yourself; proactively analyze and summarize, find the root cause of the problems, and then solve those root problems. All problems will have solutions. If the problems cannot be eradicated, they will recur in the future; it's just a matter of time.
Third, analyze where your value truly lies, create advantages, enhance your own perspective and insight, create value, achieve win-win situations, and be altruistic, thus improving your ability to integrate resources and gaining more external support.
I believe you can also calmly face your darkest moments and walk out with a beautiful upward life curve.
When you realize that the life curve is constantly experiencing peaks and troughs, you become psychologically prepared to deal with these situations. Remember to keep the above mentality section, and whenever you feel lazy, discouraged, or lacking courage, take it out and look at it. Ask yourself more questions; life is not only about achieving things but also about learning to get along with yourself.
You should know:
One, no matter what stage you are in, you will never truly have nothing, even when you are at your poorest. You still have life, you still have time; no matter what, you cannot give up on yourself. Materially having nothing is only temporary; life is still long, and there are countless opportunities for you to make a comeback.
Two, a person's ability is positively correlated with money. Continuously improve your abilities and make yourself professional. Only by making yourself valuable can you earn money. Society will never betray a hardworking and capable person.
Three, never give up at any time. The most frightening thing is giving up on yourself. If you give up on yourself, who can save you?
Never lose heart at any time. Work hard to strengthen your abilities and cultivate an outstanding skill; your life will surely have a new turning point.
Never just lie there when fate randomly throws you somewhere; instead of randomly starting to survive, directly lying there without changing.
Find the courage to persist, and then you need to find the essence of poverty.
Find the essence of poverty:
Since you are poor, you need to find the reason for your poverty; there is certainly a reason for anyone being poor.
As mentioned in the essence of poverty, it summarizes the habits that lead to poverty. Let me ask:
One, is your money never used properly? As soon as you have money in hand, you spend it immediately—on phones, shoes, clothes, bags, games. There are too many things you want, and your money is never enough, whether earned or borrowed; you can't hold onto it for long.
But you are particularly stingy, for example in learning; as soon as it comes to improving or investing in yourself, you wouldn't want to spend a penny because that money is not for your enjoyment.
Only seeing the problems in front of you, focusing more on the present, having no hope for the future, believing that any worthwhile endeavor requires a long time, using surplus money to participate in celebrations instead of saving for investment, buying cigarettes, candy, and alcohol to numb oneself.
Two, always looking for shortcuts, disdainful of clumsy methods. When seeing others using clumsy methods, one might laugh at them for being foolish, thinking they are much smarter and sure to find a particularly good method to achieve their goals right away.
Found a method, tried it a couple of times, thought it was not working, too slow, surely this method is wrong, there must be a faster shortcut, I just haven't found it yet, always looking for shortcuts.
Many times, we laugh at the rabbit in the tortoise and hare race, not realizing that we ourselves are also the rabbit.
Three, lazy, too lazy to think, ask, look, or listen. As long as it involves using your brain, you won't do it, just directly tell me the result and the steps one, two, three. Don't let me think even a little.
Guo Degang once said, 'No one begging for food has ever begged for breakfast. Because if they could get up early, they wouldn't need to beg.' So, if you are this lazy, who else is poor?
Four, afraid of trouble. Because of laziness, afraid of trouble. To take a few more steps is troublesome; to say a few more words is troublesome; to think a bit more is troublesome. So, let me ask, what is not troublesome? If there is something that is not troublesome and can make you rich, please list it out. I will go do it right away.
Five, never let yourself feel uncomfortable. Do what feels comfortable, and never be willing to let yourself suffer even a little mentally. A person, in order not to think, would rather do anything, even die. Satisfying oneself is always the priority; it's better to live a lifetime of mediocrity than to be tough on oneself and undergo a transformation.
Human nature is like this. We know human weaknesses, so we must find solutions:
I went through a period of being very poor. After graduating, my salary was 1500, with rent and food to pay. I could spend very little. Every month I had to rely on classmates and family for help. At that time, I thought if I could earn over 10,000 a month, I'd be satisfied and have money.
But after a few months in that job, there was still no change in income. I was once considered an outstanding employee, but the income for outstanding employees was still 1500. Ahem, this is reality.
It wasn't until years later that I realized this industry was already in decline at that time, facing headwinds. It's hard to win; of course, this is something I saw years later as my understanding broadened. At that time, I was not clear.
Later, I started a business with a fellow villager. At that time, WeChat public accounts had just emerged, so I began to get in touch with the new media industry.
At that time, we entered the field of WeChat secondary development.
At the same time, I encountered difficulties with secondary development. The big brother who started the project with us disbanded, and I also exited. It was another six months with almost no income.
In summary, the next year or so was spent constantly changing projects and looking for direction.
If you have no money, borrow from your family; if you have some money, enjoy it freely.
Most young people have flaws that I once had. A few things truly changed me...
Let me talk about myself first. A few years ago, during the bull market, I indeed made money. At that time, I had 40 BTC, 90 ETH, and 20 LTC in my account. I invested spare money, and everything was fine. But then I exchanged these coins for a bunch of garbage altcoins, completely ruining a good hand. Looking back, if I hadn't bought those altcoins, my coins would have been worth a lot, probably tens of millions. Without trading contracts, I could have lost millions; I am quite impressive.
Everyone wants to get rich overnight by trading coins. Those with such a mindset typically incur losses during a bull market. Either you have insight and use time to create space, or you want to get rich by trading contracts. In this short-term core circle, you can forget about the core reasons for technical analysis; this small ecosystem is small enough for you to observe the fierce confrontation of bullish and bearish funds behind technical analysis, as well as the competitive effect during the process of consensus bullishness.
The cycle stage is nothing more than the final characteristics of the market that arise after the confrontation of trends. After studying so much technical analysis, you may come to realize that technical analysis may always be lagging; it is a good balance shape that emerges after the confrontation of bullish and bearish funds.
In doing anything, those who focus on fundamentals are less likely to be discarded by the times. Those who are easily discarded are those who are infatuated with so-called temporarily effective signals, like shooting stars.
Timing surpasses everything. After determining the timing, strength surpasses everything. When a sector is on the rise, good news is good news, and bad news is also good news; the opposite is also true.
Wealth is a compensation for cognition, not a reward for hard work. The four stages of life in terms of wealth: youthful speculation, young leveraging, middle-aged silence, and elderly simplicity. One wrong step can ruin a life. Chasing highs and cutting lows—if you don't cut, who will?
My advice for new investors on position allocation is
50% mainstream coins (BTC, ETH, LTC, BCH, etc.)
Buy BNB on dips, buy XRP on dips.
Buy anonymous coins on dips (DASH, ZEC, ZEN).
Choose remaining positions for DeFi, Polkadot system, A-Tong-Mu system.
As for Dogecoin, I won't touch it now.
The most important point is also the common problem of new investors.
Don't frequently change positions!! Don't chase highs or cut lows!!
Don't go all-in until the market explodes!!
Don't touch contract leverage!!
Don't believe in any signal teachers!!
Set up your positions well, hold them tight, and don't move.
Don't always think about bottom-fishing or peak-escaping; no one can do it.
Don't spend all day looking at the coins you hold that haven't gone up, envying those altcoins that have surged. If you chase them, you will only get cut.
Facts have proven that those who hoard coins can ultimately outperform 95% of people.
If you are itching to trade
Keep 20% of your swing position for swing trading.
Don't listen to others' calls; have your own judgment.
Look more, act less, and learn more.
Finding a trading method that suits you is more important than anything.
If you feel helpless and confused about trading right now, and want to learn more about the cryptocurrency world and cutting-edge information, click on my avatar to follow me. Don't get lost anymore! Clear market views lead to confident operations. Steady profits are far more practical than fantasizing about getting rich.
