After waking up from a nap, the low-quality “shanzhai” coins have dropped a lot again—this is why my strategy encourages everyone to do swing trading. Sell when it’s time to sell; don’t stubbornly hold on.

Many people think that holding onto spot positions with “dead” determination can keep things as steady as Mount Tai. Even if the price drops, they don’t care—since they haven’t lost much. Just wait for the price to rise again. But the reality is, this is actually a deadly misconception.
The biggest danger of spot trading isn’t a sudden crash; it’s that it numbs you to risk. When the coin price falls, you comfort yourself: “It’s fine. It will bounce back eventually.” Once it really does rise again, you’re unwilling to sell—so after another round of pullback, your profits go to zero, and even your principal slowly gets drained away. Most fatal of all: you get used to these ups and downs until one day the market dumps hard, and you realize you’ve been trapped, even falling into the dead cycle of “wait for a 10% drop to rebound → drop 80% and delete the app.”