This week, I worked from 7 to 16 o'clock in the morning shift. On the way to work, I saw BTC surpassing 40,000 US dollars. I felt an indescribable feeling in my heart😳. Why?
1. I believe that the current bull market is starting. The expected plot is: the SEC approves the Bitcoin spot ETF in January next year. By then, BTC will violently rise to 45,000 US dollars (a chip-intensive area), and then fall back to 20-30% after stagflation at the high level. The rebound officially started a new round of bull market. Unexpectedly, it reached $40,000 on December 4th and was approaching $42,000. It was like a home invasion and robbery, everything was caught off guard.
2. BTC is fierce, but I don’t hold it. In the bull market, the most anxious thing is not whether you can make money, but that others make more than you. The coins I bought did not rise much, but the coins of my friends dominated the gain list. I’m so confused, should I chase the rise? If the market pulls back in two days, won't I cry until dawn?
3. Excitement, nervousness and panic. To be honest, whether I am browsing Moments, X or telegram, I will blush and my heart will beat faster. It seems that the ground is full of opportunities to pick up money. I don’t want to sleep, I just want to sit in front of the computer all the time, stare at the K-line fluctuations, and check all the information about my holding projects, so as to convince myself that I can usher in a sudden rise.
In order to stay calm, I put on my headphones and played Taylor Swift's "Style" on a loop. My signature song is "We never go out of style" adapted from this song.
The bull market has arrived. With the improvement of Crypto infrastructure and the enrichment of products, I believe that this bull market will be more exciting and crazier than in previous years. How to survive a bull market smoothly? I have summarized my personal principles (below) to remind myself of them all the time.
1. If you make money, you realize your cognition; if you lose money, you are willing to admit defeat. Look less at KOL’s opinions and trust your own judgment more. The market is always right, but people make mistakes and have emotional impulses. I don’t believe that every operation of the person who posted the order is correct.
2. Reduce the frequency of operations. Shortage and short selling are the norm in life. No one can guarantee to make all the money. Crypto is an infinite game. As long as you have confidence, you will always encounter opportunities that belong to you.
3. A bear market depends on fundamentals, and a bull market depends on sentiment. Let go of personal biases and money will flow where emotions flow.We must take advantage of community sentiment and combine technical and fundamental factors to chase the rise, and not be exploited by personal sentiment to kill the fall.
4. In the bear market, some people make a lot of money, while in the bull market, some people lose everything. In fact, it doesn't matter whether it is a bear market or a bull market. The key lies in whether you can find opportunities and have the confidence to hold them. Large positions are invested in spot and small positions are traded in contracts.
5. Speculate the new rather than the old, and the strong will always be strong. I am very optimistic about the GameFi and MEME sectors because they are interesting, easy to understand, have low unit prices, and more importantly, they are out of the circle. DeFi has a future, but it is difficult to understand. People in the industry seem to understand it, let alone outsiders.
6. Keep reading Crypto-related news, papers, reports and books to improve your understanding of the market. By insisting on writing posts on Binance Square, I need to sort out the logic of investment through words, take responsibility for my own judgment, and at the same time strengthen my belief in holding currency. Once I achieve financial freedom and my confidence increases, I will start my own channel on YouTube.
7. I believe in basic common sense and principles, keep an open mind, and adjust principles according to the actual situation.
