Once a pyramid scheme starts to decline, there is no bottom. Sometimes our stop-loss may be for the low point, but it is to prevent a systemic crash. Many times, after a trend forms sideways, it will continue to decline. Everything is based on controlling drawdowns and protecting capital.

The reason why Bitcoin is different from the past is that the forces at play are complex and professional, and the factors involved are also quite intricate. The entry of BlackRock and Fidelity on Wall Street represents a professional ‘sickle’.

It's like being caught in the jaws of a wolf and needing to escape before it bites down.

A stop-loss is the ability to admit mistakes; recognizing mistakes in a timely manner means bowing to the market.

Only if you bow will your wallet rise.