Some people enter the market with 1 million, lose half of it, yet can win back several million with the remaining hundreds of thousands; while others, entering with 100,000, end up with nothing but losses.
Why can some people turn around after huge losses, while others can never escape the fate of loss?
After spending a long time in the cryptocurrency circle, you will find that everyone around you is making money, except for you.
Those who venture in with more money often earn more than those who enter with a small amount, not because they are more capable, but because they are mentally tougher. Even if they lose a large portion, their mindset remains stable. For them, whether they lose more or less is not a decisive factor; what truly matters is their mindset and strategy.
They don't look at prices, only at time. When you ask them at what price they entered, how much it will rise before a correction, they are bewildered. They only know when to buy and when to sell, while you, on the other hand, stare at the market every day, afraid that your small gains will be taken away. This kind of anxiety often affects your judgment.
They only focus on long-term trends, maintaining calmness and patience. The longer you hold, the less likely you are to lose, but most people can't hold on.
This bull market has arrived about six months early and is expected to last only about a year. The current situation is different from the past; the timing of entry has become crucial.
In the early stages of the bull market, when prices rise, everyone tends to hold on, unwilling to let go easily. Moreover, altcoins have not yet exploded, so the coins already in hand can be kept; who knows, there may be unexpected gains.
Ultimately, this bull market may last until next June or October.