Lately, my private inbox has been blowing up again.
Everyone is asking the same thing: "How do you really make money in the crypto world?"
Every time I see this question, I think of that guy I met last year—his account balance went from green to red, a living textbook of the process.
We first met in August last year. His account had $12,000 lying around, and his phone notes were filled with various technical indicators. Our chat was full of professional terms like "sector rotation" and "narrative-driven." But when I checked his trading record, I was stunned: hardly any activity for nearly half a year.
It's not that he couldn't pick the right coins; his mindset had already collapsed.
A 5% increase? Sell quickly! Afraid of a pullback eating into profits. A 2% drop? Cut immediately! Claiming it's strict stop-loss. When the real main rally comes? He had already sold out in earlier small oscillations and run away, only able to watch others share their gains in the group.
Even more incredible, he always chickens out at critical moments: afraid to enter on rebounds, afraid to add to positions during surges, fearing to be the bagholder. He dawdled back and forth for half a year, but didn't make any money; he was about to give up.
I didn't bother with those fancy indicator systems at the time. I simply asked him: "Are you trying to play heartbeat, or do you want to steadily make profits?"
He was stunned for a moment: "Of course, who doesn't want to earn steadily?"
That made me see the key clearly: in the crypto space, timing the rhythm correctly is way more valuable than just picking the right direction.
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MerkleMaid
· 12-12 14:39
Basically, it's a mindset issue. No matter how fancy technical analysis is, it can't save a greedy hand.
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ArbitrageBot
· 12-12 10:40
Ultimately, it's a mindset issue. Just look at this guy's experience and you'll understand.
View OriginalReply0
PermabullPete
· 12-10 10:52
You're right, mindset really can wear a person out.
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BearMarketMonk
· 12-10 10:50
It's nicely put as "finding the right rhythm," but essentially it's about mental preparation. Most people fail because of fear of uncertainty, not because of their understanding of the market. The guy's story would play out the same way ten years ago.
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ForkMaster
· 12-10 10:28
This guy is a typical armchair strategist; a bunch of indicator notes are useless. The mindset is the real killer move.
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EyeOfTheTokenStorm
· 12-10 10:26
To be honest, this guy's story is a microcosm of most retail investors I've seen. Since last year, my quantitative models have been tracking typical cases of psychological collapse like this... Buying when it rises 5% and selling when it drops 2%, completely using technical indicators to cover up their gambler mentality. Historical data clearly shows that this kind of trading approach will not have a win rate exceeding 23% in the long run...
It's not about choosing the right coins at all; the key is that everyone is being led by short-term fluctuations. My conclusion is: rhythm control > direction judgment, which is vividly reflected in the historical retrospectives from 2017 to now.
Honestly, doing T+0 trading and rolling operations are indeed essential, but you first need to pass the psychological hurdle...
So this is why I say that 90% of people in the crypto circle are actually gambling rather than investing. Bottom formation, technical analysis, macro cycles—no matter how professional these terms are, they can't save an account with poor psychological resilience... A risk reminder to everyone: don’t be fooled by short-term rises and falls.
Lately, my private inbox has been blowing up again.
Everyone is asking the same thing: "How do you really make money in the crypto world?"
Every time I see this question, I think of that guy I met last year—his account balance went from green to red, a living textbook of the process.
We first met in August last year. His account had $12,000 lying around, and his phone notes were filled with various technical indicators. Our chat was full of professional terms like "sector rotation" and "narrative-driven." But when I checked his trading record, I was stunned: hardly any activity for nearly half a year.
It's not that he couldn't pick the right coins; his mindset had already collapsed.
A 5% increase? Sell quickly! Afraid of a pullback eating into profits. A 2% drop? Cut immediately! Claiming it's strict stop-loss. When the real main rally comes? He had already sold out in earlier small oscillations and run away, only able to watch others share their gains in the group.
Even more incredible, he always chickens out at critical moments: afraid to enter on rebounds, afraid to add to positions during surges, fearing to be the bagholder. He dawdled back and forth for half a year, but didn't make any money; he was about to give up.
I didn't bother with those fancy indicator systems at the time. I simply asked him: "Are you trying to play heartbeat, or do you want to steadily make profits?"
He was stunned for a moment: "Of course, who doesn't want to earn steadily?"
That made me see the key clearly: in the crypto space, timing the rhythm correctly is way more valuable than just picking the right direction.