On a booming cryptocurrency forum, a novice fox and a senior trader monkey had an interesting conversation.
Fox asked doubtfully: "Monkey, I heard that there is an eternal theorem in the stock market and the currency market, 'If it falls, be bearish, and if it rises, be bullish'. Is this true?"
Monkey was stunned for a moment, then smiled mysteriously and replied: "Of course! Haven't you heard of the 'Prophet's Law' in our cryptocurrency world?"
Fox was quite curious: "What is the 'Prophet's Law'?"
Monkey explained slowly: "This law explains the psychological state of all traders. When the market falls, everyone thinks it will continue to fall, and then they all become bearish; and once the market starts to rise, everyone immediately changes camps and becomes bullish believers."
Fox nodded with sudden enlightenment, and then asked: "So, according to this law, how can we make money? "
The little monkey laughed and replied: "Child, this is our humor. According to the 'law of prophet', no matter how the market changes, we can see a group of people confidently predicting the future on the forum, as if they have seen through tomorrow. The real trick is to stay calm and have your own independent judgment whether the market is rising or falling. "
The little fox laughed: "It turns out that the biggest humor in cryptocurrency investment is not the volatility of the market, but the traders themselves! "
The little monkey nodded and smiled, adding: "That's right, remember, 'if it falls, you are short, and if it rises, you are long'. This is not an investment strategy, but a mirror that reflects the volatility of market sentiment and the greed and fear of human nature. "
As their conversation ended, everyone around laughed.