In the crypto world, I've heard too many stories of overnight riches. 'In a bull market, there's no reason to lose money.'
In the crypto world, I've heard too many stories of overnight riches. 'In a bull market, there's no reason to lose money,' this saying makes new investors unable to resist putting in more, cutting into their own flesh like a knife, time and time again.
In the 'crazy year of cryptocurrency,' Bitcoin rose from $1,000 to a peak of $3,000, and Ethereum surged from $8 to 50 times its value, with smaller market cap coins increasing by hundreds or even thousands of times. In any investment market, this is unbelievable. We are astonished to find that 'doubling assets overnight' is not a joke but a real experience in this feast.
In this wave of market conditions, new investors desperately hop on, all the while watching many veterans who have seen Bitcoin grow, yet they helplessly experience the ups and downs because Bitcoin's rise has already exceeded their psychological limits. 'Clearing out at eight thousand,' 'leaving at eighteen thousand,' 'it will definitely crash at twenty thousand'... such thoughts have long disrupted their plans, not to mention other competing coins calculated in tens or hundreds of times.
Newborn calves are not afraid of tigers.
The so-called 'newborn calves are not afraid of tigers,' the frenzy of new investors in this market far exceeds expectations. They watch the numbers in their accounts keep increasing, betting larger and larger without a thought for risk. Little do they know that lacking risk awareness means this is a complete zero-sum game, and in the continuous competition, they have already forgotten their wins and losses.
I've heard too many stories of sudden wealth, yet I've never been able to trade well. I've followed too many so-called experts, but I've always been left behind. The market's easy profits combined with a heart fully invested creates the mindset that 'if you don't make 100 times in a bull market, it’s all in vain to have been in the crypto market!'
The moment an investor clicks 'buy,' they all want to get the fastest and largest return with the smallest investment. So when they buy, most investors do not check the market situation; they prefer to guess and comment. Thus, from that moment, if the price fluctuates slightly against their expectations, they immediately give up on their chips.
You are just pretending to trade.
'With such good market conditions, why am I always the one losing?'
'Why do the seasoned traders make money but keep putting me in a hole?'
'So many people are saying it's going up, why is it still falling?'
In fact, every trade is a real choice made by oneself; it's just that the vast majority of people do not accept defeat and find it difficult to combat their own emotions.
If you can't overcome your emotions and control risk, you're just pretending to trade.