Halfway through August, breaking new lows after the rebound in the cryptocurrency market has become the main theme?
Since the stop-loss signal appeared on August 5, the market has gradually stabilized, and the conversion of long and short forces has become increasingly clear.
At present, the prices of all coins are almost at the bottom, and the total profit of my account is only a floating loss of 5%. This floating loss is almost negligible compared to the current position.
At the beginning of August, when the market continued to fall and the market sentiment was extremely panic, I shared my views on the market at that time, reminding that August had just begun, and the fall in early August did not mean that the whole of August would fall.
But those who were scared away in early August because of this wave of decline began to worry about the future trend and wavered, they would make a series of wrong decisions and lose money.
After the decline in early August, my account went from profit to short-term floating loss. Some people questioned my ability to judge the market and whether I ran away after losing money.
During this period, I did not respond because I felt it was unnecessary. Short-term thinking and long-term thinking are two different dimensions.
Take Buffett's real example:
Buffett spent 1.8 billion to buy BYD shares in 2008, and the purchase price per share was 8 Hong Kong dollars.
During the period, it rose several times from 8 Hong Kong dollars, and then it fell back and even fell to 5 Hong Kong dollars.
At that time, those who were short-term and speculative were all laughing at Buffett, saying that Buffett was old and laughing at Buffett.
During this period, Buffett kept holding. Finally, around 2019, BYD's stock rose to 200-300 Hong Kong dollars, and Buffett's total investment of 1.8 billion finally returned about 25 times, and then began to reduce his holdings.
But those who laughed at Buffett in the beginning ended up being the same, doing short-term trading every day, chasing ups and downs, how eager they were to make dozens of times more money
