#DBC

You can't rely on those methods that have already lost money to earn it back.

When I watch others trading cryptocurrencies, I notice they all have an obsession: I lost money on this coin, I must make it back here.
The logic behind this idea is as follows: buy more as it falls, it must have hit the bottom by now. During the decline, I keep buying, and in the end, if I buy enough, a 10% rise might just bring me back to break even.
This method is commonly known as the Martingale strategy.
But they forgot that some assets can go to zero. And there are many such assets.
If it keeps falling right after buying, then there must be a problem with the timing of the purchase, indicating that it was bought at a high price, or there is an issue with the asset itself.
If this strategy is adopted in the crypto world, then it is definitely a dead end. The crypto world is just a casino. Many people gamble by losing this round and doubling down on the next.
In the end, I lost everything after opening 10 big ones.
Rare events are bound to happen, and they often occur at the worst possible time. The outcome is definitely a loss.
To make money in the financial market, you must learn to decisively let go. Because you can never rely on those losing methods to earn back your money.
For example, if you mistakenly bought eos instead of raca. If you bought luna by mistake, you will never be able to rely on them to increase in value to earn your money back.
If it really rebounds, then it triggers another independent event. It is not making money based on the original logic at all.
The narratives of these assets are not like Bitcoin or Ethereum. The narrative logic of Bitcoin and Ethereum is continuous and complete; Bitcoin has one goal, which is storage, while Ethereum is infrastructure that serves the blockchain network. It's that simple.
We hold that their entire narrative logic is complete and continuous, and it has never changed. They have always been moving towards the form outlined in the original white paper.
It is wrong not to sell after making a wrong purchase, and it is wrong to aggressively average down after making a wrong purchase.
It's also wrong to sell as soon as you make a small profit after buying the right one.
Betting on contract sizes to make quick money is even more wrong.
Wanting to buy at the lowest and sell at the highest is a mistake. This way, you are destined to gain nothing.
During a market bull run, the market will experience waves of bullish sentiment.
The money blown in by the strong winds can easily be blown away by the winds, after all, at that time everywhere was windy.
This money should be put in your pocket promptly, and it's best to convert it into cash and save it.
In this tempting market, it's best not to make random moves; otherwise, it's extremely easy to lose money.
Because at that time the market was full of good news, and the benefits were like songs and dances. Temptation was everywhere.
If you are an experienced player and have seen through this world, then you can participate freely. If you are a young player, then don't mess around. Just uninstall it and go play something else. You won't be able to resist the temptation. Trust me, there will definitely be people in the market who will find a way to take money from your pocket.
Be decisive and go out to have fun, because the money you spend will definitely be much less than the money you lose in this market during the later decline. So going out to have fun is worth it.
I also want to tell you a harsh truth: in the cryptocurrency world, those who know a little about coins cannot compete with those who know nothing.
In other fields, there may be specialization, and there are techniques for everything.
In the cryptocurrency market, where luck plays a huge role, there is no technical difference between those who don't understand anything and those who understand a little.
However, their boldness is very different. Someone who knows nothing dares to go all in during a bull market and becomes extremely wealthy.
However, those who understand a little are hesitant and cautious, looking at this news and that news, analyzing back and forth, waiting for the price, and as a result, they end up not making any profits, but instead losing money.
Because all calculations ultimately result in negative feedback.
The best strategy is to do nothing, endure the worst, and embrace the best.
This market cannot allow you to only want the good and not the bad.
The so-called error method is that I avoided the big drop and endured the big rise of the bull market. So this person is most likely just bragging.
Anyway, I don't have that ability. I couldn't avoid the FTX crash on 312, and avoiding it on 519 was just relying on my disciplined knowledge for protection. It wasn't my own skill.
In this luck-driven market with high weights, you should not calculate anything, believe in yourself, and buy what you value. If you earn money that you have never owned in your life, then decisively sell it. This is the truth about making money.
Making money in a bull market is definitely not due to one's own ability; there's no need to boast about it, it's all a result of market trends.
Those who understand arbitrage and have a large amount of capital will earn more.
For example, they can earn 50 million. In a bull market, ordinary people who seize opportunities and can decisively go all in to buy and sell can earn 40 million.
This is the difference between people who truly understand advanced technology and those who do not.
But the difference between those who don't understand and those who have a little understanding in a bull market is the difference between making tens of millions and losing everything.
So the so-called skills and methods are actually not very useful. Technology and methods can help people achieve excess returns.
Those who have a little understanding can be somewhat arrogant, analyzing and looking at news, and then getting affected by various false information. This leads to anxiety, and it is destined to incur losses.
As Mr. Zhou Zi said, playing all in is a form of wisdom.
But I want to add a condition today.
For those who do not understand the crypto world, the mentality of all-in is the wisdom of acquiring wealth.