What is the best mentality in the cryptocurrency circle?

I think the best mentality in the cryptocurrency circle should be: it’s best if it goes up, and it’s okay if it goes down.

They are either investing regularly, or doing reasonable hedging and arbitrage, or just hoarding coins with peace of mind, etc. In short, they can achieve the state of: more money if it goes up, more coins if it goes down.

In fact, this state is relatively easy to enter, just don’t bet on the same direction with a full position. Of course, the more important thing is that people with this mentality have a lot more confidence than those who can only go up but not down. The reason why they are calm enough is that they trust their own judgment enough.

Just like you won’t panic if you drink tomorrow, but you will panic if you take an exam. You won’t be nervous about things you are sure of, but you will be very nervous about things you are not very sure of.

And lack of confidence in the Bitcoin you hold will cause huge fluctuations in mentality, which is simply manifested as being easy to go full or short. In short, you can only accept one direction of market fluctuations, one of which is up or down.

If you go short, it’s very uncomfortable to go up; if you go full, it’s very uncomfortable to go down. I think this is not advisable, because it is easy to have a problem with your mentality, and if you have a problem with your mentality, you will easily become a short-term or even leveraged player, and finally lose all your bitcoins in the pursuit of rising and falling prices.

Not only that, you may also lose a lot of hair because of poor sleep every day, which is not easy.

To be honest, everyone has experienced the pleasure of speculating in coins when they first entered the coin circle, which is really exciting. Especially if you experience contracts, it will feel more exciting.