Yesterday was pretty miserable, going from 3900 to 3100 in just over a day, and even e/sol's peak has lost 30%. Many other altcoins have even been halved.
Unfortunately, my buy-in position wasn't good; mainly, I didn't expect the bull market to drop so sharply. It's actually a case of remembering the good times but not the bad.
Let's keep holding on. If you believe in the crypto market, just stick to it.
However, due to yesterday's painful experience and my emotional journey, I strongly suggest printing this out and hanging it in my study.
Every time I chase a high, I should look at what I wrote. Every time there's a crash, I need to ask myself whether to buy the dip and reflect on it.
I didn't really do much yesterday, just continued to bet on Binance's alpha, and only bought luce, successfully hitting it.
I opened luce at 59 minutes, but unfortunately, I didn't look closely after refreshing; it settled at 6 seconds, and I only made a little over 100.
The second time I refreshed, I realized I had entered again, and I only made 3,000. If I had held the first order, I could have made 30,000 because the chips were low; the second order was chasing a high, afraid of being hit.
At that time, I judged that this community has decent MLM capabilities; it just lacks opportunities and can still rise.
Unfortunately, it's still too difficult to align knowledge with action. I couldn't hold on. Otherwise, I could have made 60,000; haha. It's always easy to be a wise man after the event.
So I still need to adjust my mindset and look for more opportunities.
There's no way to avoid losses; I just need to earn it back.
This major drop, considering my buy-in, I only have a 2-layer position.
However, my mindset in trading is also poor; I fear losing a lot of money, and compared to you, I'm not much better off. When it dropped to 3100, I was looking at 2800, and Bitcoin at 93,000 is now looking at 8.8.
The reason I'm afraid of losses is because I learned a lesson in the first half of this year.
I'm really scared of a heavier position. So my thought at that time was to keep holding on; if it drops, I won't buy the dip again.
After all, as long as there's oil, there's hope. At worst, I just have to endure it for a few more months. Just keep up with this kind of news.
Recently, I've been following the usual official website's usd0++, and the risk is possibly a bank run, decoupling + the unavoidable theft probability in on-chain protocols, even if it's extremely low.
There's nothing else.
Memes are also super miserable; the turning point still has to wait for Binance to list memes.
Various chains need to keep investing; if you're afraid of a drop, hedge your positions.
We also need to pay attention to Trump's wallet, see what he buys next; if he buys a meme, it could easily lead to a surge.
Adjust your mindset and keep going.
The market has a lot of news every day; if you want to make money, keep sitting in front of the computer and stay alert.
Sometimes opportunities just come.
I don't have many hobbies, just play games, watch TV shows, and read novels.