Sometimes, a single sentence from you can let others determine your level. Of course, today we are just chatting casually, purely shooting the breeze, not getting serious or engaging in any critique.
Bitcoin just broke 100,000, and then came a spectacular dive, plummeting directly to 93,000. If I'm not mistaken, this should have happened within just two days.
According to the numbers, it roughly counts as a drop of nearly 10%. In the stock market or other investment markets, this would definitely cause extreme panic. If you're a new friend paying attention to me, or an 'old leek', you should also know that this level of fluctuation in Bitcoin is nothing significant.
Just two years ago, Bitcoin dropped directly from 8,500 dollars to 4,000 dollars, losing 50% in one day—what does that concept mean? Can you feel it in your heart? But I can say my feeling is that there’s no feeling.
If you can't accept Bitcoin dropping from 8,500 to 4,000, you won't be able to own Bitcoin that rises from 4,000 to 100,000. Similarly, if you can't accept today's 10% 'plummet' in Bitcoin, then it's also hard for you to own Bitcoin worth 110,000 or even 150,000 dollars.
Here I recommend you try meditation; every morning after you wake up and wash up, find a relatively quiet environment to meditate for 10-15 minutes. During meditation, feel your breath, feel the air, calm your thoughts, and experience the process of air entering through your nose, filling your chest, and then slowly exhaling.
Don't try to control your thoughts; of course, at first, it's unavoidable to 'overthink', but you can feel this state and try to let these thoughts float by like clouds—without attachment or resistance. By this means, you can cultivate a 'bystander' mentality, maintaining calmness and clarity whether facing market ups and downs or life's rises and falls.
How does a person reconcile with themselves? Meditation is a very good way of 'communication'.
I can understand the 'anxiety' of many friends on WeChat, but telling me is meaningless. I can only treat your emotions as clouds appearing before me—acknowledging their existence, allowing them to happen, but just watching them drift away.
Basically, friends talking about 'plummets' are likely those who just entered the market for less than a month; if it was three months ago, Bitcoin was only at 62,000. Where does the talk of 'plummet' come from?
What assets are there that only go up without ever dropping? You need to prepare your mindset and price expectations before entering the market, and even consider the worst-case scenario.
Investing is essentially a psychological game, especially in a highly volatile market like Bitcoin (which means emotional fluctuations are more intense). You need to ask yourself: How much loss can I endure? If the price halved (-50%), could I still hold on? If the answer is 'no', then you may need to reassess your risk tolerance or adjust your investment strategy.
You should set a stop-loss line based on how much loss you can accept. I won't advise you to stubbornly resist because whether you profit or lose, you should be responsible for yourself. Taking profits is not a bad thing; what you should be afraid of is holding on until the end because those who insist on 'holding on' are essentially just 'reluctant', rather than having firm beliefs.
To be honest, if it weren't for Bitcoin, I might be considered the best example of a 'quitter', 'good at nothing, never satisfied', or 'three-minute enthusiasm', and so on. I might even be going with the flow, and no one would understand where my 'stop-loss line' is.
So broadly speaking, Bitcoin is not just an investment; it's also a tempering of mindset, turning you from someone easily defined by the outside world into someone who understands self-definition better. No matter what the future holds, this experience will benefit you immensely.
I don't know why this sudden 10% 'plummet' happened. And there's no need to know why; instead of wondering, it's better to brew a pot of tea, listen to music, or watch a movie. In fact, the mindset exposed by such a 'plummet' is what's more interesting.
Holds coins for three days, unable to sleep at night, unable to hide panic.
Holds coins for three weeks, mindset slightly stabilizes, becoming more cautious.
Holds coins for three months, looks at fluctuations with indifference, and knows when to stop.
Holds coins for three years, quietly contemplates the essence, remaining unperturbed.
Holds coins for thirty years, calm and collected, all unspoken.