Over the past few days, I received several private messages: Is it time to cut my losses?


I asked them a question in return: When you first entered this market,
was it because you believed in this technology or because you wanted to make quick money?
If it's the former, then the current price drop is in terms of the chips' USD valuation,
not the fundamental of faith.
If it's the latter, then this plunge is a tuition fee, not a black swan.
When FTX collapsed in 2022, I also panicked.
Later I realized that every time I panicked, it was the worst point to act.
So now my rule is: when the fear index > 70,
prohibit any actions—write, read, exercise.
Bring yourself back to a rational state before returning.
The market will wait for you, but emotions will not.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned