There’s never been another industry in history with this level of degeneracy — where fortunes are made and lost in the blink of an eye.
This fast-paced, high-volatility environment challenges even the most experienced market participants, let alone newbies.
It’s all purposely designed that way.
Anyway, most people end up losing this game simply because they succumb to their own emotions.
When I say we are our own worst enemies, I’m dead serious.
I’ve been in crypto for multiple cycles.
I’ve seen this play out not just for myself, but for countless others.
The insane price swings pull people in too deep.
Instead of adopting a stoic investing approach like:
> DCA’ing at the right times
> Investing only what you’re willing to risk
> Crafting a solid exit plan
> Focusing on the bigger picture (macro trend)
They get lost:
> They switch from weekly/monthly charts to daily and 4H timeframes.
> They follow too many “experts” on social media.
> They obsess over every (often BS) news headline.
> They chase every short-term trend.
They start as investors with a clear goal and end up as lost degens, letting emotions overrule rationality.
Same story, every single cycle.
It’s sad to see.
Now listen to me:
> I know most of you feel lost.
> I know many of you haven’t hit your portfolio targets yet.
> I know frustration is eating away at you.
But DON’T give up.
Take a deep breath.
Log off the market for a while.
Spend time with loved ones.
Keep your sanity.
Control your emotions.
As I said above, most people fail in this industry because they can’t master themselves.
They let outside events control their outcomes.
For you to “make it”, your investments need to go from Point A (buy) to Points B, C, D (your targets) — what happens in between shouldn’t concern you.
Over-stressing on day to day volatility is the worst thing you can do as an investor.
Now, let’s take a step-back and quickly look at the market:
> Bitcoin is trading above $100k, and nobody cares.
> Total 2, 3 & OTHERS haven’t broken out from 2021>
