Making money in a bull market and losing money in a bear market has never been the same group of people.
In the crypto world for 6 years, I've seen too many people come and go.
A friend of mine made a seven-figure profit in last year's bull market, sending red packets and flaunting profits in the group, full of spirit. This year, in the bear market, I haven't seen him speak again. Later, I heard that he not only lost all his profits but also lost his principal. $BTC
He is not an isolated case. In the crypto world, many people make money in a bull market, but very few can completely navigate through both the bull and bear markets.
Why? Because many people mistake luck for skill. In a bull market, buying anything will go up, leading them to think they are investment gurus; in a bear market, they panic when prices drop, chasing highs and selling low, returning both their profits and principal. $USDC
I was like that at first too. In last year's bull market, I tripled my investment with a meme coin, so excited that I couldn't sleep, thinking I had found the secret to wealth. So I increased my position, and as soon as the bear market hit, my profits evaporated, and my principal was halved.
Later I understood: the bull market is what the market gives you, but the bear market is the real test of your abilities. True skill is not about how much you can earn in a bull market, but how much you can retain in a bear market. $ETH
Now I've learned to take profits gradually in a bull market, converting profits into U and saving them; in a bear market, I invest steadily, not expecting to catch the bottom, but just hoping not to be thrown off the bus.
The crypto world is not short of stories of getting rich quickly, but what it lacks is the old-timers who survive. The secret to navigating through bull and bear markets is simple: don’t be greedy when it’s time to pull back, and don’t be cowardly when it’s time to endure. #币圈生存法则
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