Just now, my phone vibrated and the exchange’s red dot plus the price pop-up jumped out together. I was clearly only down by a tiny amount, but my heartbeat felt like I was being liquidated… People really are weird: when you’re in floating profit, you only think, “Yeah, it’s not bad.” When you’re in floating loss, your mind starts imagining, “What if it goes to zero?” “Did I take a wrong route again and buy too high?” In plain terms, this is loss aversion: for the same magnitude, the pain caused by losses is much bigger than the pleasure you get from gains. So at night, you’re staring at that red line—not the green one during the day.

Even more ridiculous is that you can’t sleep even if you haven’t sold. It’s only unrealized loss, yet your brain treats it like “it’s already gone.” Then you start getting restless—change orders, chase the price, and stubbornly hold through slippage—until the things you end up truly losing are the fees and your emotions.

Recently, the community has been bickering again about the compliance boundaries of privacy coins/mixing services—arguing like it’s all about picking sides… Actually, a lot of people are driven by the same psychology: they’re afraid of “losing the access / losing their sense of security,” and that gets more heated than discussing the technical details. Anyway, my approach right now is pretty old-school: turn off the pop-ups, look at the candlestick chart less, and write down the losses I can accept in my plan—otherwise, that red dot will wake you up more reliably than an alarm clock.