After investing in BTC for 5 years, my mentality has undergone these changes

After investing in BTC for 5 years, my mentality can be said to have experienced a big drama - from enthusiasm to despair, from despair to calmness, and then from calmness to the reincarnation of faith. If I use one sentence to summarize it, it is: "Only after going through thousands of sails can you know where the mountains and rivers can be at peace."

When I first entered the market, I was a complete BTC fan. I spent every day on forums and Twitter to watch the big guys shouting orders, and at night I dreamed of "If BTC doubles 10 times, I will be financially free." At that time, I didn't understand what volatility was. If the account rose 30% a day, I couldn't help but post on WeChat Moments to show off. If it fell 30%, I comforted myself, "This is just a short-term fluctuation, long-term bullish." The mentality was almost led by the market.

I remember the first time I saw BTC fall from 20,000 US dollars to a few thousand, I could hardly sleep, and asked myself frantically: Did I bet on the wrong place? Unexpectedly, even after experiencing panic selling, it slowly rose again. At that time, I realized that Mr. Market would always toss and turn, but the trend of BTC is upward!

At this time, the torture of Bitcoin's "long-term sideways trading" and "bear market bottom" is the most challenging to one's mentality. When everyone was laughing at "the fool who bought Bitcoin", even my friends around me began to persuade me: "Admit the loss and get out, don't lose any more!" This year, my emotions basically went back and forth between "doubting life" and "secretly holding on". Watching the assets in my hands shrink by 70%, I really didn't even have the courage to open the exchange. However, I managed to hold on, because I understand that the bear market is the cradle of the birth of good projects, and holding on is victory. By the fourth year, my mentality was no longer like that of a novice chasing ups and downs. I began to deeply study the value logic of BTC, and gradually understood that the core of Bitcoin is "decentralization + storage attribute". I began to replenish my positions in batches according to the time cost, while stabilizing my large positions and not moving them randomly. The anti-human operation allowed me to get cheap BTC at a low point, and those who sold at a low price at that time are probably regretting it now! In the past five years, no matter how the market rises or falls, the market value of BTC has continued to expand, and the consensus has become deeper and deeper.