After many years of trading cryptocurrencies, my deep feeling is that ensuring survival is more important than anything else! Predictions are very difficult, or rather, no matter how perfect a prediction may be, it cannot completely eliminate the possibility of mistakes, and a single fatal mistake can ruin everything.
In comparison to making good predictions, defending well is much easier to achieve, meaning that regardless of whether the prediction is correct or not, the first thing to do is to ensure sufficient defense, trying to guarantee that, regardless of whether my operations are correct or not, I will not face liquidation due to mistakes. Pressing the strong liquidation price to an almost impossible position is more important than anything else.
Of course, I do not advocate holding positions, no one wants to hold positions, but I definitely don’t want to face liquidation after being heavily invested. You tell me not to invest heavily? Nonsense!
What I need to do now is, Powell, shout as you like, Mentougou, sell if you want, Grayscale BlackRock, buy if you like, whether I make money or not is not important; at least I can guarantee that, no matter how you shout, how you pump or dump, I will not face liquidation, I can sleep peacefully, this is all I need to do now, and the rest will be left to fate. As the saying goes, human effort is in the planning, but success is in the hands of heaven. I will strive to survive first, and leave the rest to fate, after all, great fortune relies on fate, not on human effort, if it’s not in your destiny, no matter how high-frequency trading you do, it’s all nonsense. $BNB
