I see many people can't hold their mentality anymore,
I also see many teachers shouting that a crazy bull market is to be expected in the future, this is the last XX.
Let's set aside the emotional content,
prices follow their cycles:
accumulation - rise - distribution - decline, then enter the next cycle.
There is no perpetual rise, nor is there a perpetual decline,
what we need to do is accumulate and buy in the later stages, sell in the mid-term during distribution,
then the remaining time is just waiting.
I am certainly optimistic about the market outlook,
but that doesn't mean I will hold my position in December and stubbornly resist the pullback,
nor does it mean I will immediately buy into the imitation coins hoping for a seasonal rise.
"One must know the good and the bad, know one's own worth, know what money one can make."
The more it gets to this time, the less we can look at emotional content,
a bit of comfort food to soothe the 60% loss on my position makes me feel better psychologically,
but it doesn't solve any actual trading problems,
emotion is the biggest enemy of trading.
We all know that the cryptocurrency market will still show a substantial bull market in the future,
the outcome is good,
but not many people can still achieve the so-called good result after experiencing such a tortuous wave journey,
the majority are stuck, deeply trapped,
mentality collapses, cutting losses, exiting is a decent outcome,
many more are taking on online loans, using high-leverage contracts, hoping to break even, but in reality, they are deeply in debt.