I usually don’t want to spend time posting articles, but sending short messages is fine. However, the posts in the past two days seem to be under siege because of $EOS. This forced me to take some time to talk about it in detail, because what is the purpose of posting? Of course, it is mainly for traffic and content mining, but the content of the post should still benefit readers so that it is not a waste of time, right? Based on the above background, this article was written.
Everyone knows that we have an index in the crypto field called greed and fear. If the market is showing fear and the higher the index is, the more bullish the sentiment is. On the contrary, if it is showing greed and the lower the index is, the lower the market participation is and the market is in a bear market or at a stage bottom. Although this indicator can provide real feedback on market sentiment and market status, it does not actually have much guiding role in our investment layout. For example, if the fear index is 74 today, then will you buy or sell?
When the market is in a bear market or at the bottom, you dare not be greedy, you dare not hoard coins, and when the bull market starts, you are afraid of heights and dare not add positions. How miserable you must have been in the past four years. So investment is anti-human. When others are fearful, I am greedy, and when others are greedy, I am fearful.
I think the friends who criticized my post should be those who lost money on EOS and waited for a long time with no hope. But it is undeniable that it is still rising or falling in the rhythm of the bull and bear markets. I am not as harsh on EOS as they are. First, I did not buy it in 2018 and made money from it in the last bull market. Second, I think if you want to be harsh, you should be harsh on people. EOS is just a lifeless public chain. It is just a technical carrier. What made EOS so depressed was the previous B1 company and the deceptive behavior of breaking its promise. Therefore, there is no need for us to have such a big opinion on a coin itself.
Just like as an investor, you should not care too much about what coin you bought to make money, you should care about whether you made money or not. A friend of mine once played Riot Coin and had nearly 3 million at its peak, but he didn't sell it. As a result, he lost tens of thousands of principal. He didn't blame Riot Coin but regretted why he was so greedy? Because he had an inappropriate belief in this coin, which is a taboo for all investors. On the contrary, it's the same for us. Even if a coin makes you money, you don't have to keep saying how good this coin is, because the fundamental reason you say it's good is just because it makes money. You will not stand from the perspective of the industry to judge which chain's technology is better and more powerful, and can promote the development of this industry. So, is it unnecessary to like or hate a coin?
You just build a position when you should be greedy, then grasp the rhythm of the market and hold on, and cash out when you should make a profit, then you have completed a successful round of investment process, that's all.
As for ruthlessness, it can be simply understood as no fear when ruthless, and ruthlessness is for better profit. Here is a short story from the Poor Dad series to help you better understand what ruthlessness is for successful investors:
There is an investor who wanted to start a company since he was a child. After years of hard work, he succeeded and the company became profitable. Then someone proposed to acquire his company. The acquisition price was very high, equivalent to the total profit of the company in the next 20 years. However, the investor said that this was his dream. How could a dream be sold? So, he did not sell his company but operated it for the rest of his life. It was not important whether he earned more or less in the future, but the author's evaluation of him was very important.
He said he was a successful entrepreneur, but not a qualified investor, because the purpose of investors creating a company is to make a profit and sell it to pursue faster and higher profits, not to operate it. This is very similar to us investing in a certain coin, the difference is that we cannot really operate the coin because we have no say. Even if some coins have their own DAO organizations, we, as ordinary investors, have no say at all.
So when you like or hate a coin, I can also say that you are not yet a successful cryptocurrency investor because you are not ruthless enough, or maybe you have lost money on a coin because of greed in the past. Do you think I am right? $BTC $BNB
