Market collapse! Consumption downgrade! ! What should we do?

In 2023, I noticed that many people began to change their consumption habits, a phenomenon commonly known as "consumption downgrade". Consumption has indeed decreased, and the stock prices of e-commerce platforms such as Pinduoduo have also risen rapidly.

However, more people seem to have fallen into another trap, they are bound by cheap goods. E-commerce platforms are well aware of this psychology, and they promote cheap goods through various live broadcast rooms.

In fact, many people don’t really know what they need. They are just manipulated by others and then let their emotions control their behavior.

But I want to tell you that you don’t actually need so many cheap things. In 2024, I will explore a new lifestyle with a group of people, similar to minimalism or "breaking up".

I will clean up those old, cheap clothes and only keep high-quality clothes that are seasonal necessities. I will get rid of those things that take up space but I don’t need them-as long as they are not needed for a period of time, I will throw them away without hesitation, and they will no longer occupy my life and psychological space.

I will devote more energy to the things I like, so that I can become more focused and more progressive, instead of being bothered by trivial matters.

Of course, I will also abandon those who bring me negative energy and no longer give them the opportunity to approach me.

Focus and progress are the key to achieving good results. After all, I am no longer young and have no time to waste.

The dopamine stimulation brought by cheap goods is direct. You may have a lot of coupons but can't use them up, a lot of goods but can't consume them, and many unnecessary food and credit card bills.

But if you don't explore valuable things, it will be difficult for you to achieve anything. The same principle applies to the investment field.

Whether in Web3 or the stock market, you need to have a pair of eyes to discover potential. You should understand that it is better to hold valuable investments than to be filled with cheap goods.

If you can't do this in life, how can you gain anything in investment?

Many people hype contracts and small currencies in Web3, but rarely see real big money. Those who really make big money usually hold mainstream currencies and hold them for many years.

It is interesting that most people are still addicted to contracts and small currencies.

But this is also good. If everyone wakes up, won’t the market lack fuel?

Making money is not about frequent shots, but about seizing one or two opportunities to change your destiny.

I hope this helps you.

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