Last night, my phone kept vibrating. When I opened it, I saw a message from the newly joined Xiao Yi: “Brother Xuan, the coins I bought with all my funds have dropped again, and my principal is almost gone. Can it go back up?”
Should I cut losses, fearing a sharp drop; or should I hold on, worried that the next drop will hit even harder?
At that moment, I didn't even need to think much; his image automatically appeared in my mind—eyes bloodshot, screen lit up, fingers hovering over the “sell” button.
Who hasn't experienced this scene?
The most torturous thing in the crypto world is never the drops,
but the repeated pull after chasing highs.
Every lower shadow line seems to give hope,
and every rebound feels like a trick to make you wait a little longer.
You are not trading; you are gambling against your own fears.
The easiest pitfall for beginners is summed up in one word: full.
Entering the market with a full position means you have no way back.
When the market adjusts, your account hurts first, and your mindset collapses immediately.
At this time, asking “can it still go back up”
is honestly already a step too late.
I told Xiao Yi, “The hardest thing for you now is not judging the market, but enduring the emotions.”
Many people lose money not because they misjudged the direction,
but because they put all their chips in the hottest emotional spot at once.
The crypto world is cruel like this:
It strikes when you are the most confident,
and gives you a small bullish candle when you are the most panicked,
making it hard for you to leave, until you can no longer leave.
Looking back, this hurdle is something everyone has to pass.
If you make it through, you can be considered truly in the circle;
if you can't, you will become the material for the story of “almost turning around.”
The market has opportunities every day,
but whether you can survive to wait for the next chance,
is the true dividing line in the crypto world.
