Most people in the cryptocurrency world are constantly pursuing the holy grail of making money. They all want to buy a coin that can increase by 100 times or 1,000 times.
In fact, coins that increase by 100 times or 1,000 times are common, but people who hold on to them are rare.
Bitcoin has risen so much that it’s rare to find people holding on to it.
Every action has good and bad consequences.
Therefore, every action in life will have positive and negative results, which can be understood as profit and loss in the cryptocurrency world. The best we can do is to accept both, but at the same time learn to move towards the bright side.
Most people are unable to truly accept losses and profits simultaneously. What is true synchronization? It is to treat profits as if they were losses. Think carefully about this sentence. Most people who participate in this game are ultimately swayed by emotions, tend to lose money, and eventually expand their losses.
What this means for you as an investor or trader is that you are playing the game of life. Sometimes you win, sometimes you lose, so there are both positive and negative outcomes.
To accept both, to treat them equally, you need to find a special place in your heart where you can do that. From that vantage point, the chances of losing and winning are equal. That metaphor to me is the real secret of the Holy Grail.
Treat everyone equally. This is the holy grail of making money. If you can hold on to losses, you can hold on to profits. If you can hold on to things that go back to zero, you can hold on to things that increase a hundredfold or a thousandfold. This is the real holy grail. The key is how to truly use this holy grail.
If you haven’t found this place in your heart, it will be difficult for you to accept failure. And if you can’t accept negative results, you will never really make money in the cryptocurrency world.
Many successful traders generally only make money in less than half of their trades, and they actually make money very little time.
For example, those of us who invest regularly suffer losses most of the time. The problem is whether we can truly treat the losses and place them equally.
Sell in a bull market, buy in a bear market, and don’t move in between. It’s that simple.
If you cannot accept failure and cannot find a comfortable position, you will not think of withdrawing when you know you are wrong. Any small loss is likely to become a huge loss. I have seen too many cases over the years, from a loss of 100,000 to a loss of 1 million, from a loss of 5 million to a loss of 30 million, and finally lost everything.
More importantly, if you can't accept the fact that losses will happen, you certainly can't accept profits. If you can't accept profits, then you definitely can't get profits. Profits actually belong to everyone, but you never really want to have them. You can't accept such a good trading system. This system can make a lot of money in the long run, but it is very likely that you will lose money 60% of the time. When you learn to treat losses when you lose money, you will understand how to treat profits in a bull market and how to put money in your pocket when there are profits. This is the key position, which is the real holy grail.
I have finished writing, good luck everyone. I am Brother Wen, an old investor who sincerely wishes you to get rich in the cryptocurrency world.
If you want to delve deeper into the cryptocurrency world, can’t find a clue, and want to get started quickly, you can follow me.