What does it feel like to have an unrealized loss of 1 million in $turbo?
The mindset repair method during unrealized loss!
What is unrealized loss? Can you distinguish between true unrealized loss and false unrealized loss?
If you know 1 BTC = 1 BTC, then whether it is 60,000 USD or 70,000 USD, the loss is only in the USD value, not in the quantity and value in cryptocurrency.
The greatest charm of a chip mindset lies in the assumption that if you currently hold a certain token's chips, even though you see the corresponding USD value significantly decrease, as long as you believe in the upcoming trend—say you expect this token to have 3-10 times potential—what you lack is merely the patience to wait for time to reward you.
Many people, when looking at a token that could increase 5-10 times in the next six months, only focus on its current USD value; during this process, they often worry about temporary fluctuations. In reality, if you use a chip mindset, assuming you bought the token for 1.2 million RMB and it has now dropped to only 1 million, if you believe its future value is 10 million, then it’s 10 million, not 1 million. You're making a profit; it just needs some time to realize.
With expectations of multiple growths, there's really no need to be overly sad about buying at 10%, 20%, or even 50% higher!
When we assess our own assets and the value of tokens, we must understand the importance of adding time.
An interesting mathematical formula:
Assets = Money * Time (In addition to a money mindset, it’s essential to have a time mindset)
Background: Investment amount: 1.2 million
Assets: This moment * Token chips = 1 million
Assets: Tomorrow * Token chips = 1.2 million
Assets: One week later * Token chips = 800,000
Assets: 1 month * Token chips = 2 million
Assets: 3 months * Token chips = 6 million
……
Chip value never changes; what changes is the money's value at specific timestamps. Based on this, when assessing gains and losses, the most important thing is not to look at the current monetary amount at this timestamp, but rather to look at the expected amount at future timestamps!
Why do we say time equals money?
That's the reason.