"Salted Fish Heart Path"

(Risks rise, profits fall)

The price has reached this point, and many people have begun to torture their souls again: Why can’t I hold it? Before answering this question, we must first understand a truth. People seek benefits and avoid disadvantages. The essence of human nature is to fear losses. Therefore, it is normal human nature not to buy when the price goes down and not to sell when the price goes up. This is understandable. Please Don't blame yourself too much.

When it falls, the bottom diverges again and again. You think it is the bottom, but in fact there are 36 levels of hell. When it goes up, the top divergences and diverges again and again. You think it is the top, but in fact there are 13 more heavens!

So, don't guess the top or bottom. Sometimes, you only find out when you look back. This is the top and this is the bottom. But ask yourself, under the circumstances, could you be so sure? So, instead of second-guessing things and regretting them, it’s better to start over.

This market is a seller's market. What this sentence means is that the essence of this market is that some people bought cheap goods at the bottom in the past few years, and now they have raised the price through tacit bargaining, and then buy things for you at a high price.

The real top is when they're full and things are running out. This is the logic of all capital markets, and it is not the same in the world!

Therefore, those who really make money in this market must be good at position management. The key is to open positions in batches and reduce positions in batches. We must have the mentality of losing my life and gaining my luck.

The grand occasion when Grayscale was engaged in futures ETFs was just like the grand occasion when BlackRock is engaged in spot ETFs now. History is always surprisingly similar! Moreover, many institutions and even pension funds held positions that year. Therefore, if there is no opponent for the profit-making exit of these capital tycoons, the consequences will be disastrous.

Here, I would like to tell my Takong friends that if you miss it, you miss it. Wait until later. Don’t be too anxious. The purpose of establishing BlackRock ETF funds is to make profits. Later, the holdings will be gradually reduced and cashed out, so the next round of highs may be higher, but the time will be longer, and the fluctuations will not be so big in the future. The era of slow cattle has arrived.