Last night, the breaking news was that the South Korean government declared martial law, the South Korean crypto exchange market crashed, Bitcoin plunged below $62,000, and XRP fell by as much as 60%, with the market being liquidated.
The entire crypto community was also affected, but then there was an immediate rebound, and what you thought was a black swan event turned out to be a white swan.
The market reversed sharply, and those who increased leverage or did contracts in the market saw their assets go to zero overnight.
This is an unknown low-probability event, which is why I always remind people not to do contracts or add leverage.
Nothing is impossible in the cryptocurrency world, and once these low-probability events happen to you and me, it depends on whether you have sufficient risk prevention measures.
The competition in the financial market is not about who can earn more at a certain moment, but whether I can survive longer than you when everyone is hurt.
This kind of thing has happened before, is happening now, and will happen again in the future.
In the financial market, never rely on luck. What if it's you and me who will be next?
At that time, will you still be able to remain calm, composed, and talk and laugh?
Capital is always profit-seeking and bloody.
It doesn’t matter if you don’t make money when investing in the cryptocurrency world. At least it won’t affect your current living conditions.
Never lose money just because you want to make money, as that will only put you in a passive position.
Risk, risk, risk, risk, risk control system, this must be engraved in our bones.
