Sometimes, a single sentence from you can let others gauge your level. Of course, today we're just chatting casually, simply talking nonsense, not getting serious or engaging in criticism.
Bitcoin just broke 100,000, then it dived dramatically, dropping straight to 93,000. If I'm not mistaken, this should have happened within just two days.
By numerical calculation, it can be said that it has dropped by nearly 10%. In the stock market or other investment markets, this would inevitably cause extreme panic. If you are a new friend paying attention to me, or an 'old investor', you should know that this level of fluctuation in Bitcoin is nothing.
Just two years ago, Bitcoin dropped directly from 8,500 dollars to 4,000 dollars, losing 50% in one day; do you understand what that concept feels like? But I can say my feeling is that I didn't feel anything.
If you cannot accept Bitcoin dropping from 8,500 to 4,000, you cannot have Bitcoin rising from 4,000 to 100,000. Similarly, if you cannot accept today's 10% 'crash' in Bitcoin, it will be difficult for you to own Bitcoin worth 110,000 or even 150,000 dollars.
Here I recommend you try meditation; every morning after washing up, find a relatively quiet environment and meditate for 10-15 minutes. During meditation, feel your breath, feel the air, let your thoughts calm down, and feel the air entering through your nostrils, filling your chest, then slowly exhaling.
Do not try to control your thoughts; of course, at first, it is unavoidable to 'overthink', but you can feel this state and try to let these thoughts pass like clouds, without attachment or resistance. Through this method, you can cultivate a 'bystander' mentality, maintaining calmness and clarity in the face of market ups and downs or life's fluctuations.
How does a person reconcile with themselves? Meditation is a very good way of 'communication'.
I can understand the 'anxiety' of many friends behind the scenes on WeChat, but telling me is pointless. I can only view your emotions as clouds appearing before me; I see their existence, allow them to happen, but can only watch them drift away.
Basically, those who talk about 'crashes' are likely friends who have just entered the market for less than a month; if it were three months ago, Bitcoin was only at 62,000. Where does the talk of 'crash' come from?
What assets have ever only gone up without dropping? You must do your psychological preparation and price expectation management before entering the market, and even prepare for the worst.
Investing is essentially a psychological game, especially in a highly volatile market like Bitcoin (which means emotional swings are more intense). You need to ask yourself: How much loss can I tolerate? If the price is halved (-50%), can I still hold on? If the answer is 'no', then you may need to reassess your risk tolerance or adjust your investment strategy.
You should set a stop-loss line based on how much loss you can accept. I won't advise you to stubbornly resist, because whether you earn or lose, you should be responsible for yourself. Taking profits is not a bad thing; what is to be feared is holding on until the end because those who hold on stubbornly are essentially 'unwilling' rather than steadfast in their beliefs.
To be honest, if it weren't for Bitcoin, I might be viewed by others as the best example of 'giving up halfway', 'not good at anything, never satisfied', 'three-minute enthusiasm', and similar negative stereotypes. I might even be going with the flow, with no one understanding where my 'stop-loss line' is.
So, broadly speaking, Bitcoin is not just an investment but a training of mentality; it transforms you from someone easily defined by others into someone who understands self-definition better. Regardless of what the future holds, this experience will benefit you immensely.
This sudden 10% 'crash', I don’t even know what caused it. And there is no need to know why; instead of pondering that, it’s better to brew a pot of tea, listen to some music, or watch a movie. In fact, the mentality exposed by such a 'crash' situation is what is more interesting.
Holding assets for three days, sleepless nights, unable to hide panic.
Holding assets for three weeks, mindset slightly stabilized, gradually becoming cautious.
Holding assets for three months, viewing fluctuations with indifference, stopping at the right moment.
Holding assets for three years, quietly reflecting on the essence, remaining unperturbed.
Holding assets for thirty years, with a calm demeanor, everything is left unsaid.