Thirteen mentioned a few months ago that during the sharpest decline, if the market fell below 55,000, one could directly take a 90% position. However, it was unexpected that the market actually dropped to around 49,000.
At that time, Thirteen was also quite anxious, after all, our positions were significantly heavy. Later, the market jumped back to around 60,000.
At this point, we reduced our positions again and continued to maintain sufficient cash reserves.
But how many people can engage in this type of long-term low-frequency trading? Very few can do it.
Thirteen is not saying this to show off what he got right; he just hopes everyone understands a principle: in cryptocurrency investment, everyone should try to overcome the shortsightedness of always focusing on the immediate fluctuations of the market.
They often overlook the long-term benefits.
Since Bitcoin started at 15,000, Thirteen has been advising everyone to buy the dip in his articles. How many ups and downs have we experienced?
If we focus on short-term trends, selling when prices drop and chasing when prices rise, it's impossible to capture the significant profits between 20,000 and 70,000 in this wave.
Similarly, many friends now have their costs at 60,000, compared to this bull market's 100,000 or 120,000. What method can you use to capture the profits in between?
This is a question everyone must think about seriously. Is it relying on short-term trades? Contracts? Or lotteries?
None of these will work. The only feasible method for you is to hold onto it; any other method will not allow you to capture this wave of profits and may even cause you to lose your principal.
You must understand that the bear market is not when the most money is lost; it's the bull market that is.
The bull market is when the operators are harvesting crops of retail investors, and this bull market is no exception.
Taking profits is crucial. Thirteen will provide clear instructions in the community at that time.
Although Thirteen has always believed in the future of Ethereum, this round has also caused him considerable distress; basically, anyone who has invested in Ethereum is now filled with resentment toward it.
Clearly, it has a shiny sign and strength but cannot provide returns to investors in terms of price. Thirteen's current cost is around 2,700; he is still at a loss, but he controls his position well, and this decline is bearable.
Now, Ethereum is just waiting for an opportunity to jump back up.