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Old Wang's story is super representative in the crypto community! In 2019, he bought a coin with 8,000 yuan. When the bear market hit, the coin price crashed 99%, and everyone in the group was cursing it out. People rushed to cut their losses and exit, but Old Wang didn't say a word—he even deleted the app.
Someone asked why he didn't sell, and he said he just treated the money as lost. In the 2021 bull market, that coin went up over 100x. He downloaded the app to check and saw his 8,000 had turned into over 800,000. He said he could hold it because he forgot about it—half true, half false. True in that constantly watching the decline would have made it impossible to hold. False in that being able to forget only works if losing the money doesn't affect your life.
In crypto, too many people can't hold their coins, not because they lack conviction, but because they can't afford to wait. They borrow money to trade, liquidate credit cards, and bet their living expenses. The moment the price drops, they have to cut losses to pay back debt.
So here's the thing: how long you can hold depends not on your vision, but on how long that money can sit idle. Invest only with money you can afford to spare, and you'll weather market volatility, wait for the clouds to clear and see the moon, and create miracles. Everyone must plan their idle funds before investing!