Let me talk about my understanding of cryptocurrency speculation.

First of all, the prerequisite for investing real money is that I firmly believe that Bitcoin will have cyclical changes with halving, and there will be bull and bear markets. In addition, Bitcoin can break through the previous high every time with cyclical changes. Once again, Bitcoin breaks through the previous high and continues to grow by doubling, which will drive all kinds of cottages to collectively soar and double.

If you think it's not like this, don't come in. It's that simple. This is my understanding of the cryptocurrency circle, so I came in without hesitation and invested more than 500. This is also within my ability to bear, and I can bear it if it goes to zero.

But good things come hard, and investment is accompanied by risks. Where is there an investment that is stable and not loss-making, with low risks and high returns? Even if there is, it is not our turn.

Cycles have peaks and troughs, so investment returns are destined to have peaks and troughs, which means that every investor will have losses and profits in a cycle. What we should do now is to stabilize our emotions, overcome human nature, and wait for the peak to come. If the price drops by 20 or even 40%, you can't bear it and want to clear your position. If the price rises by 30%, you sell it all. If you see it doubles, you buy it again. As a result, after the cycle, you don't sell everything. If you don't lose money, who will lose money?

If you want to make money, you must be able to bear the pain of loss, the pain of missing out, and the pain of selling at a loss. These are the three major pains in the cryptocurrency circle, and everyone will experience them. I think you shouldn't always stare at the market, and you can't wait to check it for ten minutes. This greatly affects your mood, life, and work. You need to distract your attention. I've been rock climbing to exercise recently, and I'm busy with work and making money, so I haven't updated much. In addition, the market has been volatile for at least three months, so there's nothing to say.

In addition, you should know that the cryptocurrency circle is a long bear and a short bull, so the decline may take several months, and the rise may come back in a week, so most of the time it is obvious that you are losing money, which is normal.

When will the market come? I'm afraid I don't have the level to predict this. Zhao Changpeng came out, and his speech at the Dubai event seemed to be in a good mental state. To quote him, the cryptocurrency market has a four-year cycle. It started to rise after the halving in 2016, and it was a big bull in 2017. It rose after the halving in 2020, and it rose again after the halving in 2021. It was a big bull in 2024, and it was worth looking forward to in 2025.

Those who believe in this cycle should stay, and those who don’t should leave as soon as possible.