Whether it’s stocks or crypto, as long as it involves finance, you need to be clear about your personal risk tolerance. I thought of an example over the past couple of days that’s quite fitting.

It’s like entering an amusement park—you need to know whether you dare to ride the drop tower, whether you dare to ride the roller coaster. You go in, watch others playing and having a great time, and you ride up with them. But then you can’t handle it and come down, vomiting and crying—what do you do?
So most people who enter this market need to first figure out what they’re suited to play.
If you feel you’re not suited for high-volatility assets (for example, high-growth and tech sectors in stocks, or crypto’s altcoins and Memes), then be honest with yourself and stay in relatively lower-risk sectors (for example, dividend strategies in stocks, or DCA into BTC—buying the “big pie”—in crypto).
Watching others have a great time and applauding them is absolutely fine—just be sure not to let an anxious mindset throw you off and cause your decisions to go awry.
This is a basic understanding that every investor must have: not everyone is suited for products with big volatility.