Many people have added me these days, all of them are completely devastated in the cryptocurrency circle. Some are even deeply in debt, separated from their spouses, and hearing some of their situations makes me sigh. Hence, the idea of writing this article came to me. I hope that you, after reading this article, will gain some inspiration for your survival in the cryptocurrency circle in the future.
Those who lose big money are all trying to get rich quickly, turning the tide. Their strategy is usually to gather enough principal, buy small coins, and then expect that coin to rise a hundredfold or thousandfold.
Their methodology is very complex and there are many of them. I've seen all kinds, some use the wave theory, some use technical indicators, some look at news, some observe position flow, and some watch trends. Their methodology has a sense of a secret not shared with others, and inevitably, among those who practice it, a few will become very rich.
In one sentence, I sum up their reason for losing money: the root of their losses is a flawed worldview.
Because they lack a pragmatic mindset and do not respect the fundamental laws of development.
In their eyes, the laws of development are like this: making money should be quick; only this way can one become rich. Aren't those wealthy people just seizing opportunities to rise? Life must seize a few opportunities to become rich quickly. They must earn big money immediately and in a short time.
The laws of development in my eyes are like this: everything relies on slow accumulation, accumulating to a certain volume, suddenly producing a qualitative change, then quickly making money, and then falling back down to a stable period, or even a loss period.
If you don't believe it, you can observe carefully; any enterprise operates this way. It is through long-term accumulation, slowly growing, occupying the market, and then when their product reaches a certain scale, a qualitative change occurs, or they hit a favorable trend, and then suddenly explode.
Think about whether BYD is like this, and whether those small factories making masks are like this. Also, some big corporations, the best companies in the world, didn’t they all come this way?
Life is the same; through continuous accumulation, then hitting a certain point, suddenly exploding and making a lot of money.
Thus, it gives those who don’t think deeply the illusion that, look, they suddenly made money, but they forget how those who made a lot of money did so through accumulation and how they solidified their foundation to reach where they are now.
I used to do e-commerce, and cultivating a hot-selling product takes 10-30 days, followed by an explosion and then returning to calm.
Even love between men and women relies on accumulation, then exploding at a certain point, then returning to calm.
Life is not always at its peak.
And those who attempt to get rich quickly, like trading, buying low and selling high, buying and selling repeatedly, hoping to profit from every market fluctuation. They have an illusion that if they just seize a few such opportunities, they will achieve financial freedom. This might only take a year, or even just a few months.
But they are not good friends with the market makers, they also don't have the ability to be market makers, nor do they have enough judgment criteria. If they rush in like this and don't get cut, that would be surprising. Market makers didn't make money immediately; the big funds they have were also accumulated over several cycles. Going back to a point, everything relies on accumulation. Without accumulation, trying to succeed is just breaking the laws of development. That's just playing tricks.
If you want to get rich quickly and change your life, I just want to ask, on what basis do you think you can do that? Are you worthy? That's why I always say that worldview comes first, methodology comes second.
A flawed worldview renders methodology useless.
Don’t be fooled by those who show off their profits from contracts every time they earn. You might have never seen them post losses, why not? Because they feel embarrassed to admit they actually failed, isn't that disrespecting reality? It gives the impression that they always win and never lose. But how is that possible? They start convincing themselves to show their wins to gain respect and admiration, for that little bit of dopamine they start posting, thinking it doesn't cost anything, and that no one would know. But after deceiving others for a long time, they end up deceiving themselves. In the end, they become just like everyone else.
There are still a group of people in the market who do this, I refer to them as the 10U War God. They open both short and long positions, and whichever makes money, they announce the returns on that one. However, they never dare to show absolute returns, only the returns rate. If 10U makes it to 100U, that's a 1000% return, how impressive. But many people lack the ability to think deeply, so they also lack the ability to discern fraudsters. They even defend the fraudsters because the fraudsters have already become idols in their minds through a series of insinuations. Don't you think there's something wrong with their worldview?
If you use 10U, I believe you can also succeed. But does this success have any meaning? Can it change your life? Let me make a simple analogy. If you walk on a path two feet wide on flat ground, you will do it effortlessly. If you have to walk on a path two feet wide 20 meters above the ground, can you do it so easily? Think carefully. To walk across at 20 meters high, wouldn’t you need training, accumulation, and overcoming various obstacles? Some people may never accomplish it because they have acrophobia. If you can’t do it, that’s fine. What’s the relation? If I want to go from one building to another, I can just take the stairs, go down my building, and then up the stairs on the opposite side. It just takes more time and energy. Why must you take such a difficult path, thinking it’s a shortcut but is actually a dead end?
So-called shortcuts must be legitimate paths. A clear and just path must respect the laws of development. For example, holding mainstream coins, especially in the current bear market, earning money in the market and accumulating mainstream coins. First, get the basic returns from the next bull market, like 10 times, and then explore various exchange activities, participate more, to earn an additional 50%. For example, if you currently have 100,000. If you buy in now, in a bull market it could become 1 million, and then you could arbitrage, turning 1 million into 150% or even 2 million. Is this path fast? Not at all, but it aligns with the laws of development. This is the legitimate path and the shortcut. Speculation, short-term trading, is useless. That’s just taking advantage of others; first, you must have the ability to do so. If not, it’s just futile effort.
Also, don't look down on making 10 times returns; you must aim for 100 times or 1000 times. Everything has its cost; if you want to seize a 1000 times or 100 times coin, of course, you can.
But you must meet a few conditions. You need to understand some English. Be able to read white papers; don’t tell me about translations. You must understand the designs of blockchain, such as witch attacks, Byzantine problems, second-layer networks, and lightning payments. Also, understand the backgrounds of those founders and the funding amounts from their investment institutions.
You need to understand a lot of things to increase the probability of choosing the right coin even slightly. So you should ask yourself, do you have the confidence and ability to understand these things? Are you willing to put in this effort for a hundredfold or thousandfold return? To research so much material? If you don’t have this mindset, or if you simply lack the ability, relying on the market and what others say, trusting your own feelings, then on what basis do you think you can earn a hundred or thousand times? Isn't that too disrespectful to the laws of development? If relying on feelings could lead to wealth, then those with acute senses would all be rich.
Remember this: in the financial market, feelings are the least reliable things. Human psychology has a lot of cognitive biases and framework thinking. Relying on feelings can lead to disaster.
Isn’t it the same as what I said earlier? Making money relies on accumulation, slowly accumulating ability, accumulating funds, qualitative changes arising from quantitative changes. Then finding opportunities to explode and returning to a calm period, even a loss period.
The bull and bear cycles in the cryptocurrency circle conform to the laws of development; in a bear market, continuous investment is sowing seeds. The bull market may only last for 5% of the time. It arrives suddenly, briefly, and quickly, after which you start harvesting. Many people see you suddenly becoming rich, but in fact, you have been sowing for several years to get that return. But how could they understand the efforts you've put in? You succeeded, and they only say you have good vision and good luck.
Isn’t it incredible? So for those who are still losing money, wake up and come back to reality. Work hard to earn money outside, then buy and accumulate; that is your only road to profit in a bull market.
There is no god in this world, but many people's worldviews include the existence of gods, trying to find a god to give them a hand. This reflects a disrespect for facts and the laws of development. How could that possibly succeed?
