Recently in Singapore🇸🇬, I haven't been trading at the square much, but yesterday's market crash still left me feeling unsettled. I couldn't sleep in the middle of the night; the cruelty of the market is far from what everyone imagines. Investment carries risks, so please participate in high-leverage contracts with caution.
Lessons from investment history💰 There have been two instances in history where gold and silver surged dramatically, and both ended quite tragically.
The first was from 1979 to 1980, when gold rose from $200 to $850 in a year, and silver soared from $6 to $50. As a result, two months after reaching the peak, gold was cut in half, and silver lost two-thirds of its value, entering a long freeze period of 20 years.
The second was from 2010 to 2011, when gold rose from $1,000 to $1,921, and silver once again surged to $50. After the explosive increase, gold retraced by 45%, and silver dropped by 70%, followed by years of sluggish trading.
In both instances of soaring prices, the background was either an oil crisis, severe inflation, or excessive liquidity following a financial crisis. The crazier the rise, the harsher the fall; it has almost become a law.
Now, in this round of market activity, the story has a new script: global central banks are increasing holdings, de-dollarization, and silver has industrial demand to support it. Some believe this time is different, with central banks providing a safety net, so the decline might be limited. Is it really different?
Hello, friends. I'm in Singapore. Friends in Singapore can get together.
This is the cruelty of finance; the world's second-largest asset, silver, dropped 40% in one day. How many people got liquidated and trapped? Brothers,
Save some money for the New Year, stop gambling!!!
It's started! The first one is USDD, which has already begun, and the second is USDT, starting tomorrow. This is a 500,000 reward, and another 300,000 reward, both available in Binance Wallet. The 300,000 reward lasts for two months. If you want to participate, act quickly— the faster you join, the more you can claim in the early stages.
If you haven't filled in your referral code in Binance Wallet, please note: the official is running a promotion now—both new and existing users can enter the referral code: VIP19. After entering, you'll get a 30-point discount. Without it, no discount will be applied— the system will automatically apply the discount for you.
"What is the secret of those who are happy more than 80% of the time?"
There is a highly upvoted answer that impressed me deeply:
"Admit that most things in this world are not within my control.
Learn to accept everything that life brings, and then seriously handle what you can manage in front of you, instead of letting external people and events easily affect your emotions."
On Monday, U.S. stock indexes saw the Nasdaq index rise by 1.3% during the day, the S&P 500 index increased by 1%, gold fell by 0.7% to $4985 per ounce, silver dropped by 0.4% to $80 per ounce, and Brent crude oil decreased by 3% to $98 per barrel.
This week is a super central bank week, with the Federal Reserve, Reserve Bank of Australia, Europe, Canada, Japan, Switzerland, and the United Kingdom announcing their interest rate decisions. On Thursday at 2:00, the Federal Reserve will announce its interest rate decision, expected to keep rates unchanged. #BTC☀ #Ethereum has surged significantly, and those without transaction fee refunds can also contact me. #币安钱包TGE $BTC
The correctness of market predictions is not the fundamental reason that truly affects whether you can make money in the end. Many people can predict significant market movements or initially make a large amount of money, but ultimately, they end up losing everything due to their own tendencies and behaviors, leading to various improper developments. The greed, anger, ignorance, arrogance, and doubt that arise during this process are what you need to think about overcoming the most. In comparison, the win rate is the least noteworthy factor. #币安钱包TGE $BTC $ETH $BNB
Why does the country repeatedly ban everyone from trading cryptocurrencies? Perhaps it is mostly setting up a firewall that protects the honest but not the skilled. The policy goal is very simple: to prevent money laundering, control foreign exchange, and protect the majority of retail investors who lack risk control capabilities. I used to think regulation was about blocking the door, but now I realize it’s actually about screening people.
This situation is very similar to getting a driver's license; not allowing you to drive without a license is to protect you and others. If you can't even find the direction the driving school is facing, then walking is actually the safest choice for you. If you really can obtain a driver's license, it means you have qualified to be on the road, so follow the rules: don't speed and don't drink and drive. It's also like running a red light: those who force their way through when the red light is on are either in a hurry to be reborn or are skilled enough to accurately calculate their speed. But for the vast majority of people, a red light is just a red light, and standing still is the safest option.
The same goes for the cryptocurrency circle. The regulatory red line never screens out those who want to make money. Instead, it filters out those who want to make money but lack the ability to find legal paths, ultimately leading them to lose money and complain. Being able to circumvent the firewall does not mean one knows how to invest. The door is always open, but the question is: can you really make money by entering the market? $BTC $ETH $BNB
A saying has always been popular in the magic circle: Money comes from the wind. It seems that only by speaking this way can one show how wise the people here are.
However, no one tells you that if you haven't experienced pain and hardship, the money that comes from the wind will surely be blown away by the wind. Money that comes too easily in a bull market and a hot trend is often not cherished, and people may even feel it will continue forever.
Those who have gone through long accumulation and painful trials understand the sweat behind every penny. Therefore, they are particularly cautious when spending and investing. Sudden wealth can easily create the illusion that "money is easy to earn." Then they start to spend extravagantly and invest blindly.
As the economy declines and the tide goes out, many people find themselves without even their underwear. Ultimately, wealth dissipates.
The bear market environment is the best time for learning, progress, and self-improvement. One must experience the baptism of the bear market, endure the pain of asset depreciation, and then be reborn, transcending cycles. Living long and making a lot are equally important. #币安Alpha上新 $BTC $ETH $BNB
Many people are actually more willing to accept being trapped and waiting to break even.
If the market environment is good, breaking even might happen a bit faster. But more often than not, it's really just exchanging time for profit, and sometimes whether one can even break even is a question. Many profits, when calculated annually, actually amount to very little.
But this process creates a very subtle psychological change.
Being trapped → Breaking even Makes people feel like "My initial judgment was actually correct."
Thus, the entire investment process turns into a complete narrative Being trapped → Persistence → Coming back.
But those who are in cash do not have this narrative, and sometimes it feels even worse.
For example, CRCL dropped from 200 to 50.
Some bought all the way down, with an average price of around 100. Later it rebounded to 100, actually earning nothing.
But many people will be very excited because the floating loss has finally returned.
However, those who never participated did not actually lose a penny.
But it's easy for the mind to start various assumptions: If I bought at 70 Or bottomed at 60 Even bought in full at 50
Then I might have already doubled my money.
Just like today, on 3/12 in the crypto circle, many people will also start to imagine if they had been fully invested back on 3/12 of 2020.
Thus, a delusion arises as if they missed a significant opportunity.
Moreover, for those in cash, a better version will always exist in their minds: "If only back then..." "I should have bought in fully at the low" "And maybe added some leverage" Various assumptions.
So being in cash is a master, not just words. Many times, one has to endure a great deal of restraint pressure.
But after trading for a long time, one will slowly understand one thing. The market has lows every day, and every day people miss out. What truly matters is not whether you've caught that segment of the market.
But whether your decision at that time aligns with your own system.
Because in the long run, no one can survive in the market solely by luck.
Those who can last must rely on a solid trading system and discipline.
Many people say that daring to buy the dip again is really difficult.
On the 311th, when it fell to six or seven thousand, many said opening two or three times wouldn't get liquidated. As a result, on the 312th, it was nearly halved.
But the price hasn't hit bottom yet; the 313th is the bottom, with a daily fluctuation of 49 points.
What does this mean?
Even if you bought the dip on the 312th, if you opened three times, you would still get liquidated.
This is the famous earthquake event in the crypto world on 3.12.
At that time, there were basically no buy orders, and it fell as dramatically as Luna.
In the end, it was the exchange pulling the plug that prevented liquidation, with the remains of long positions scattered everywhere.
At that time, the price difference between spot and perpetual contracts could be 20 points.
I think the biggest negative impact of the 312 event is that
Later, when Luna fell, many people also treated it like the 312 event, causing a lot of casualties... #币安Alpha上新
Most of the time, it's not a game of right or wrong, but a game of probability. You have learned to row, read the compass, and control the sails, but the sea will always have winds and waves. An excellent captain does not avoid storms; they know when to lower the sails, when to take a detour, and even which waters to avoid altogether.
No one can return from every voyage fully loaded, but the surviving captains always find opportunities in the next tide.
Always believe in yourself. #币安Alpha上新 $BTC $ETH $BNB
The bear market has arrived. What is the lowest you have seen Bitcoin at?
I understood early on that ordinary people should not engage in heavy asset projects when starting a business; they should only pursue light asset projects.
For example, investing hundreds of thousands to millions to open a restaurant or a milk tea shop is a heavy asset project. Setting up a stall, running a Taobao store, and engaging in self-media all belong to light asset projects.
Starting a business is a matter of life and death, and only one out of ten will succeed.
Heavy asset projects require a lot of capital investment. After working hard for many years and finally saving hundreds of thousands, starting a heavy asset venture ended in failure, leaving me with nothing.
Light asset projects do not require a large capital investment; the only investment needed is your own time. This way, even if you fail, you won't lose your own money, right?
At this time, if one becomes excited due to news and market fluctuations, and chases gains and cuts losses out of FOMO (Fear of Missing Out), it is very likely to end a trader's career.
I will repeat it again—
Avoiding those stupid and irrational trades driven by FOMO, thereby not losing money, is essentially equivalent to making a profit.
For traders, the most important first principle is to protect their capital. $BTC $ETH $BNB
Many people find it hard to change because they are always restrained by their parents.
In fact, if you clearly recognize that your parents' values are problematic, their controlling nature is too strong, or they have narcissistic personality traits, you can completely maintain a distance from them.
If you can be financially independent, cutting ties for a while is also very good.
On the path of growth, you must fight against any obstacles, regardless of whether they are parents, teachers, or authorities. Of course, this is just psychological; you can still be gentle, lovely, and kind in your behavior. #BTC☀ $ETH #加密市场回调 $BNB
Duan Yongping: Why don't I take people to invest? Most people think making money is progressing from 10,000, 100,000, 300,000, to 1,000,000 But real investment is 10,000, 30,000, -200,000, -500,000, 50,000, -100,000, 300,000
If you really bring someone along, when it retracts to -200,000, or even -500,000, it can turn into a bitter feud When you make 1,000,000 together, a simple thank you is all it takes
If you lose 100,000, you would want to hold a grudge for a lifetime #加密市场回调 $BTC $ETH $BNB
It's okay if no one cares, and it's fine if you're not as skilled as others. You must try to calm down and do what you need to do, rather than letting your inner turmoil and anxiety destroy the little passion and determination you have!
《Desensitization to Pain》: While others collapse after being rejected three times, you can still smile and make the 301st call after being rejected 300 times. Sales, entrepreneurship, and investment all require this kind of anti-fragile constitution.
《Time Pricing Obsession》: Set your hourly rate at 500 yuan; do not engage in anything below this price. Outsource or cut out washing dishes, commuting, and ineffective socializing; spend your time only on assets.
《Anti-Consensus Instinct》: You feel fear when everyone is bullish, and greedy when everyone is panicking. Buying a house in 2008, bottom-fishing for mask machines in 2020, and buying gold in 2024 are all ways that such people make money.
《Delayed Gratification Monster》: You can give up current pleasures for a big prize three years later. While others live paycheck to paycheck, you invest regularly. While others binge-watch shows, you study. The later stages of the compound interest curve will give you nuclear-level returns.
《Addiction to Leverage》: Not satisfied with selling time, you must leverage—financial leverage (investment), human leverage (team), media leverage (self-media), and code leverage (software). You sell one unit of time multiple times.
Charlie Munger advises everyone that if you can achieve these five points, you will definitely succeed:
1. Do not overspend beyond your means. 2. Be smart about making money and investing. 3. Stay away from people who drain you, and avoid things that cause internal conflict. 4. Maintain lifelong continuous learning. 5. Engage in more activities that require delayed gratification.
If you do these things, you will almost certainly succeed.