This wave of Bitcoin has broken new highs, while altcoins have basically not followed. Brothers who entered at high positions this year should still be at a loss.

From March to now, the market has been fluctuating for half a year, especially altcoins, which have repeatedly broken new lows. This recent rebound, compared to the highs in March, is still much lower. I know many brothers have lost money. Everyone is anxious and wants to quickly get back to break-even, but the more they try, the worse it gets, and the more they lose.

Recently, those who used to boast about making money through contracts have quieted down a lot. We small investors always think there's some magical way to buy today and break even tomorrow. The biggest problem is actually not being able to hold on.

In the crypto world, having the right mindset is crucial for making money. If you earn a bit, you become greedy; if you lose, you panic. Think carefully about your past operations: didn't you often cut losses when the price was low and chase high when it rose, only to get trapped?

This place is a battlefield, and we are up against professional institutions. They have powerful data analysts who understand how to play psychological tactics. They can control the media, have plenty of money, and use various news, messages, and candlestick charts to mislead us into making foolish decisions. Sometimes they even pay unreliable media and influencers to mislead everyone, using large amounts of chips to dump or pump the market, just to break our mindset. Either they make you panic and sell at a loss, or they make you overly excited and increase your position at high levels.

I've been in the crypto world for three cycles now, and I've experienced all these hardships. I really hope my brothers won't take the wrong path again. Let me share my experiences from these years. If you're currently losing money, read what I've written; it's all practical experience, and I guarantee you'll gain something and no longer flounder around like a novice.