The recent market sentiment has been quite volatile, sometimes bullish and sometimes bearish, with investors' emotions fluctuating with the market rhythm, often scaring themselves. Looking back at the sudden surge in October, many people held a skeptical attitude towards the skyrocketing expectations, resulting in most missing the opportunity and even suffering losses during the downturn.
This makes me ponder, why is everyone shouting 'buy Bitcoin' yet so many are still hesitant to enter the market?
On the surface, it seems that market uncertainty has caused many to feel doubt, but if you understand it on a deeper level, you will find two key factors hidden within:
First, relying too much on past trends to predict the future. Many people like to impose their views on others based on past market performance, while ignoring each individual's investment goals, financial situations, and the market environment they are in. You tell others 'now is a good time to enter the market', without considering that others may not have sufficient risk tolerance, or even a proper understanding of investment cycles and market fluctuations.
Secondly, there often lies a 'self-verification' psychology behind it. Many people hope to gain recognition and pride by sharing their 'unique insights', which often leads to irrational market behavior. The longer you stay in the cryptocurrency space, the more you will realize that these 'nanny-type' services often end in losses, even potentially leading you into a deeper loss pit.
The current market is different from the past; simply relying on trend analysis is no longer the winning strategy. The cryptocurrency space has gradually matured, and the core elements to make money are not just about identifying a technical indicator, but about possessing three key elements:
The correct investment mindset: Maintain calm in the face of market fluctuations, and do not be swayed by short-term ups and downs.
Flexible strategies: Have a clear strategy for entering and exiting, ensuring that you can 'attack when entering and defend when exiting', and avoid blindly following the crowd.
High-probability technical analysis: Technical analysis is still important, but it must be combined with market trends and capital flow to make rational decisions.
Your investment circle determines the source of your information. If your circle is filled with people who are pessimistic about the market, you can easily be affected and make wrong decisions. Conversely, if you can be around a group of like-minded, positive-minded, and skilled people, your collective efforts will greatly enhance the likelihood of achieving your goals.
This power, similar to 'team collaboration', is reflected in many fields. For example, why do presidential campaigns in the United States succeed? Why has Musk been able to successfully change the landscape of many industries through high-stakes gambling? The fundamental reason is that they stand on the side of the people, able to find resonance in the larger trends, thus generating tremendous synergy.
The same principle applies to investors. In the cryptocurrency space, the most important thing is to grasp the major market trends. As long as you can stand firm in the larger trends, whether you earn more or less, the final result will be profitable.
The first bucket of gold in life is often guided by major trends, rather than relying on momentary luck. If you only depend on random fortune, no matter how quickly you earn, you will ultimately lose everything during a correction. Therefore, it is advised not to overly focus on short-term fluctuations; anxiety will only add to your troubles and cause you to miss key opportunities.
Market opportunities always favor those who are prepared at all times, rather than those who are 'occasionally prepared'. This is something I deeply realized after entering the cryptocurrency market. Opportunities are not just for those who are 'ready', but for those who maintain a keen sense of smell and respond quickly.
Anytime you feel dissatisfied with life, the first thing to reflect on should be your own beliefs and decisions. Change yourself to change your life. If you are afraid to break through the status quo, this beautiful world will gradually drift away from you. Only through continuous effort and breaking through oneself can you find your own meaning and value in reality.
Just like the growth journey of Bitcoin, it firmly follows its path after experiencing several crises, ultimately achieving victory. Every investor facing difficulties should also strive to improve themselves and strengthen their beliefs like Bitcoin, in order to welcome their own 'bull market'.
As 2024 approaches its end, I want to share a phrase with everyone:
"Some are working hard, some are lying flat; some are running, some are sleeping; some are grateful, some are complaining."
If you don’t have the luck of lying down to win, then get up and run for your life.