The cryptocurrency market has significantly dropped; what happened? Is this a precursor to a crash?
Hello everyone, I'm Lao Jiu. Whenever the market fluctuates, it becomes lively. Many friends came to ask yesterday and today, what major event occurred? Why is everything dropping?
Friends who were initially confident about the market are now starting to feel worried and confused.
In the financial market, rises and falls do not necessarily require a rational reason.
Because fluctuations are the norm; it’s impossible to always rise or always fall.
As Laozi reveals in the Tao Te Ching: A gust of wind does not last all morning, a sudden rain does not last all day; strong winds will not blow all day, and heavy rain will eventually stop.
There is no need for any news-based reasoning, but many confused friends will fall into the inertia of thinking created by the main forces, believing that the market will behave as it did before—rising and then falling, that a bull market will give them many opportunities.
Little do they know, they are planting a big landmine for themselves. In the financial market, one must not be overly clever or harbor a sense of luck.
A bull market will not wait for you; once the trend ends, many will regret that they should not have engaged in contracts or leveraged trading, and that they should not have been overly clever, trying to catch every wave.
Thus, when the bull market arrives, they may find themselves liquidated, unable to keep up, with diminishing capital, missing out on the market, and their holdings sold off.
All shortcuts taken out of cleverness ultimately result in paying the price themselves.
When trading, one cannot just plunge headlong; sometimes, it is necessary to stop and think about what the reasons for past failures have been over the years, whether one is repeating old mistakes, and what results can be achieved from that.
If the market fluctuates and your restless heart becomes anxious, you may end up back in the same pit. Many people will step into the same pit for a lifetime; this is very sad.
The correction in Bitcoin and whether there will be a significant drop afterward has no correlation. Just like today’s light rain does not mean there will be a heavy downpour tomorrow.
At this current stage, the only advice is not to touch contracts or leverage; this does not accelerate profits, but accelerates losses, leading one more rapidly to the abyss.
The only way out is to learn, to improve your skills, understanding, and abilities, in order to face the upcoming storms and whirlpools, and to firmly stabilize yourself.
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