In the tide of cryptocurrency investment, there are certain people who often attract attention. They wear self-satisfied expressions, holding loudspeakers, and shout at the top of their lungs: 'In a bull market, you can make money on anything!' These individuals are either inexperienced newcomers who have never truly experienced the cruelty of a bull market, or new investors who have just stepped into the 'field of leeks' in the cryptocurrency world.
Every bull market seems like a frenzy of wealth growth, but in reality, it is a battlefield filled with hidden currents. The number of people losing money far exceeds that in a bear market. When the noise of a bull market arises, market sentiment surges like a tide, instantly drowning the rationality of most investors. The inner restlessness grows like wild grass, as everyone is tightly bound by a sense of urgent illusion: it seems that if they hesitate even slightly and do not quickly go all in, the immense wealth that is about to be gained will vanish into thin air. Driven by this frenzy, blind and chaotic operations follow in quick succession.
Frequent changing of positions can be considered the 'number one killer' of losses in a bull market. Investors are like ants on a hot pan, staring intently at the price fluctuations. Once they see a slight increase in the price of a coin, they thoughtlessly adjust their positions to buy in. However, fate seems to enjoy playing cruel jokes: just after they finish changing positions, they are greeted with a staggering drop of up to 30%. And just one day later, the coin they previously sold suddenly skyrockets by 300%. At this point, their mental defenses completely collapse, and they hurriedly switch back. But what is the result? They face another 200% plunge... Thus, in a series of insane struggles, the bull market quietly leaves, and the coins in their hands disappear without a trace, along with their principal being devoured. As the saying goes in the cryptocurrency world: 'A coin doesn’t rise just because you haven’t sold; a coin doesn’t fall because you haven’t bought.' It is important to understand that on the grand stage of a bull market, each coin has its unique rhythm of rising and falling, just like a grand symphony, where the melodies of various instruments intertwine but do not synchronize. What investors should do is firmly hold onto their 'instrument' and patiently wait for their own melody to play, rather than attempting to precisely capture every fluctuation of each note in the entire symphony, which is undoubtedly a fool's dream.
Being keen on short-term trading is also a mire that many investors find themselves trapped in. They carry what seems to be a shrewd investment strategy: sell decisively when prices soar, then wait patiently to buy back at a lower price when they drop. However, they overlook a crucial issue: what if the price does not drop as expected, but instead soars away? For a mere 30% tiny profit, they end up rejecting huge profits of 3 times, 5 times, or even more. Is this a wise move or a shortsighted foolish act? It is truly puzzling. What’s even more astonishing is that these blindly confident investors often face more painful lessons in reality. After selling with joy, they watch the price of the coin skyrocket, and the intertwining greed and fear within them ultimately drive them to frantically buy back at a high price. This cycle not only ends up being an empty endeavor but also plunges them into endless regret and remorse. If only they had known today, why did they have to act as they did in the first place?
Contract leverage is even more like a sword of Damocles hanging over the heads of investors. Even if you have little faith in the prospects of a certain project, you must never easily entertain the thought of shorting. The waters of the cryptocurrency world are too deep, and the forces behind it are complex, like an invisible web that is constantly changing. You can never imagine that a project with fundamentally poor prospects might survive against all odds due to some mysterious forces' covert support, and even stage a counterattack in an instant, rising dozens of times. Similarly, those seemingly perfect projects with impeccable data may also plummet 99% without any warning, like a meteor streaking across the sky. Just look at the terrifying 'heaven and earth needles' in recent exchanges; they are the real portrayal of cruelty and unpredictability in the cryptocurrency world.
In the investment feast of a bull market, no one can succeed casually. If investors want to share in the opportunities and challenges of this field, they must always maintain a clear mind, restrain their inner greed and fear, and stay away from these seemingly tempting but actually deadly investment traps. Only in this way can one find their own tranquil harbor amidst the turbulent waves of the cryptocurrency world, sailing towards the shores of wealth.
