#Gate广场新手村第七期

Little God of Wealth is calling for contributions across the network! If you can't stand the loneliness in the crypto world, let's manage our hands and trade rationally together.
Recently, the market performance of Bitcoin and Ethereum has been poor, and while funds flow out of mainstream currencies, they have flocked to altcoins. Various altcoins take turns to shine, making the market lively. I also participated in the speculation, and after battling with a series of well-known projects like jellyjelly, TA, ZEC, AIA, EEVA, and TRUST, I basically caught the main upward wave. However, overall I did not make a profit, which made me start to seriously reflect on what went wrong with my operations. The first thing that came to mind was that I "couldn't control my hands". When there is no market movement, my mindset goes awry; I can't "wait a moment". When I don't have an order, I feel restless and itchy, so I force myself to open a position, and the money earned in a trending market is lost back in a choppy market. Just now, as I looked at the more than 30 pages of daily long position transaction records, sweat seeped down my back. I decided that I must learn to "wait", and not open positions casually. Please supervise me across the internet!
The price of Bitcoin is like a roller coaster; during a bull market, everyone frantically buys in, while during a bear market, they panic sell. In 2021, the Federal Reserve printed money, and Bitcoin soared to an all-time high; in 2022, the Federal Reserve raised interest rates, and it fell back to the bottom. This kind of volatility causes many people to chase highs and sell lows, resulting in significant losses.
Bitcoin has a magical characteristic - the longer you hold it, the more valuable it becomes. In 2013 it was only $100, but by 2023 it has risen to $48,000, increasing 480 times in ten years! What's even more remarkable is that its "production" halves every four years (like what is about to happen in 2024), and historically, the price has surged after each halving. Why can patience lead to profits? In the short term, Bitcoin's volatility resembles a casino; but in the long term, it's like planting a tree, which takes time to grow. Those who bought at the peak in 2021 would have faced losses of over 70% if they sold in 2022; however, if they held on until 2023, their losses would have decreased, and they might even have made a profit. Patience is what allows time to work in your favor.
What does everyone think about their mindset when trading cryptocurrencies? Is it like me, always "impatient," and do you have a habit of opening random positions? If you have the same "inner demon" as I do, feel free to leave a message to join the organization. Let's supervise each other and tell the market makers, "I can wait!"