The most testing phase for human nature
During this FOMO process, people are constantly advised to reduce leverage and repeatedly warned about risks!
Many large investors around me have fallen during this phase, and I continually emphasize the importance of risk reduction.
Many believe that small money can't withstand pressure; if that's the case, you shouldn't enter this market.
One must accept a risk awareness of 80% or more; I also don't like FOMO and I don't like FUD.
I have emphasized market risks in public groups and mentioned that the market has already achieved the targets of $100,000 for Bitcoin and $4,000 for Ethereum, and is currently under risk.
Spot trading is a trivial matter; I have a few friends who engage in leverage trading, and every day I wake up, I advise them to reduce their risks. I have shared this in the group, and it's not to mock you. I simply believe that FOMO is a meaningless endeavor.
Whether it's the veterans in the group or those who have experienced the three phases of Sui, DeFi, and RWA, I believe those with a poor mindset or those who have previously taken the wrong path will fall during this wave of decline.
When I disbanded that group, I also mentioned that after Bitcoin breaks $100,000, it will also face a downfall.
If you say it's tragic, it's not tragic; if you say it's not tragic, many people have exited the market～
