I actually want to ask, many people now have this idea, just hold on to the Bitcoin spot, but every bull market, 95% of people lose all their money. Have you noticed that most people lose all their money in the bull market! Why is this?
The reason is simple, there is nothing wrong with this idea, but what is wrong is that you overestimate your own concentration and perseverance!
Many people say, "After buying spot Bitcoin, I will delete the app and stop watching it." The idea is good, but most people can't help but find out the current price of Bitcoin through various channels.
Many people say that after I buy the spot of Bitcoin, I will never sell it. I don’t care about the subsequent rise and fall. I will just ignore it! Anyway, I will hold on to it! I just want to say that you underestimate the main force’s ability to clean up the market. If there is a sudden waterfall of 10,000 points one day, you will cry. This wave can drive most people off the train.
What? You said you have a strong psychological quality? If the first time doesn’t work, try the second time. Then it will go sideways for a few months, the market looks shaky, and all kinds of negative news are flying around. You feel nervous. Maybe you can withstand the first few waves of attacks, but if there are more waves, coupled with negative news, your psychological defense line will collapse over time. This set of combined punches can basically get rid of 90% of people.
What? You said you have a strong mentality, but you just won't get off the train? I pulled up a few thousand points, and then suddenly dropped, pulled up a few thousand points again, dropped again, pulled up again, dropped again. Would you be tempted? Short-term trading? Watching thousands of points of profit go to waste, it will drop anyway, so I can just get on it. Well, congratulations, you were tricked into getting off the train!
There is an even bigger wave of people. Wow, it has risen so sharply. It must be that the dealer deliberately pulled up the price to sell and sell short! It will definitely fall. It has become fertilizer! Still pulling up, right? Continue to sell short. It must be pulling up the price to sell and sell short! Continue to become fertilizer! Keep selling short and keep exploding. Keep exploding and keep selling short!
Think about it, is this the case with the people I mentioned? Those who missed out on opportunities and were thrown off the train are slowly waiting for a correction, but the market never comes back. The longer they wait, the higher the price goes. The fomo sentiment has reached its peak, and the market has also reached a high point. They can’t help it anymore and chase the longs. As a result, there is a big drop and they have to sell at a loss!
The bull market is full of crashes! In fact, when the bull market really comes, what you need most is confidence, and someone who can give you a boost. Someone who can constantly recharge your faith. Many people know this truth, but only a few can really do it! Don't think that everything will be fine in the bull market! In fact, the psychological test for you has just begun!
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