2025-12-25 20:22:45

Warren Buffett's famous quote "Be fearful when others are greedy, and greedy when others are fearful" is even more powerful in the crypto space than anywhere else.

The market is like this—panic and greed constantly switch, and smart money never follows the herd. When public opinion is overwhelming with calls like "The blockchain game is over" or "This time is really different," most people's first reaction is to cut losses and run. But if you've watched a few cycles, you'll realize that history is actually repeating itself, just with different plots.

Think about 2023. LUNA and FTX collapsed one after another, and Bitcoin was hammered down to $15,000. At that time, analysts confidently declared, "BTC's experiment has completely failed." But what happened? Precisely at that moment of despair, institutions quietly started opening positions. The subsequent main rally pushed the price to new highs. Those who sold at the bottom could only regret afterward, saying, "Regulation is too harsh, this time is really different."

History is eerily similar. In April this year, a global trade wave caused Ethereum to drop to $1300. Investors collectively lamented, "Ethereum is gone, the entire bull market has missed us!" Before they finished speaking, the price was already rebounding.

In plain terms, market memory is like a goldfish—forgetful as soon as it turns around. The most intense moments of panic are often the best opportunities. Look at 2025 now—Bitcoin hit a high of $125,000, but Ethereum is still struggling around $2800. Many altcoins have already been cut in half or worse compared to their 2021 peaks (80-95% decline). The market has indeed differentiated, and sentiment is truly subdued. But this is exactly the time to test your mental resilience.

LUNA-1.8%

BTC-0.27%

ETH-0.84%

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GateUser-5854de8b

· 4h ago

Really, it's always the same routine. Once you see through it, you're not afraid anymore. The problem is that 99% of people simply can't see through it. --- My friends really bought the bottom during the 2023 wave, and they're still regretting it now, hahaha. --- Altcoins have been cut in half by 95%. Honestly, some things were meant to go to zero; not everything is worth bottom-fishing. --- I missed the rebound of Ethereum from 1300. Now I'm debating whether to buy in at $2800. --- "The market's memory is like a goldfish"—that's a brilliant saying. Every time, the same tricks are repeated, and market participants haven't changed much. --- The key is psychological resilience, but most people simply can't withstand that panic feeling. I feel the same. --- Is this really an opportunity or a trap? Honestly, I can't tell either. This time's divergence is indeed a bit different. --- Bitcoin has already reached 125,000, and some are still shouting about missing the bull market. I really can't believe it.

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LiquidationHunter

· 4h ago

It's the same old story, but when it really comes to cutting losses, everyone is a leek. Have you really bottomed out a few times, or are you just a post-event armchair strategist? That wave at the end of 2023 did make some profit, but the current divergence is truly different. Don't deceive yourself. It's easy to say, but psychological resilience is something you can't understand without experiencing a margin call explosion. I'm tired of hearing about historical cycles, but my principal has already not cycled back. Wait, is Ethereum really going to turn around, or will it continue to be a laggard? Panic indeed presents an opportunity, but the prerequisite is that you have ammunition. Most people don't.

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MEVHunterNoLoss

· 4h ago

It's always the same. When it hits the bottom, no one dares to buy in, and when it rises, everyone is full of regret. The blood, sweat, and tears of the LUNA saga—do people still dare to call for a bottom now? LOL When Ethereum dropped by 1300, no one around me dared to buy; they were all asking if it was going to zero. Now, everyone is talking about cycle theory. Honestly, 99% of people can't do it. Knowing and being able to do are two different things. Wait, are there still copycats? Are those 80% drops really the bottom? It feels like there could be another wave.

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TokenDustCollector

· 5h ago

It's the same old story, isn't it? Anyone who has taken a loss keeps telling this story. Every time they talk about history repeating itself, but in the end, they still miss the boat, don't they? At the end of 2023, everyone entered the market. How are your holdings now? At what average price did you buy in? This time the divergence is so severe. Is it really the same? Altcoins dying like this. It's easy to say, but when panic sets in, who dares to be greedy? It's all armchair quarterbacking after the fact.

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