✍️ Losses in cryptocurrency... are not a matter of numbers, but fundamentally a psychological issue.
1️⃣ One of the most heartbreaking stories in crypto happened in August 2024... At that time, Bitcoin rebounded from the bottom and started to rise. It reached 73K at the first high point of the new cycle, then fell back to the August low. At that time, someone was promoting on Twitter: "Get out after a 90% loss... Bitcoin is going to drop to the $30,000 range... sell your coins, and buy back at the bottom."
What happened in the end? It never dropped to the $30,000 range... Instead, it went up to a new all-time high, breaking through 90,000. Those who sold at a loss missed this moment.
2️⃣ The strange thing? After the market surged... The same people started promoting buying!!!
Then we saw a rally in November, and these were actually the same people who were shouting "get out" in that same area. Those who sold at a –90% loss at that time... came back in again... So what's their situation now?
3️⃣ The same situation happened again last month. Many people advocated exiting when at a loss... I know that most people's losses once again exceeded 90%, because after the big drops in February this year and October last year, the decline was huge.
Those who tell you: "Exiting at a loss can avoid another 25% drop" completely miss the psychological aspect.
4️⃣ Let's be realistic... If you put in 100,000 and now only have 3,000 left: How are you going to make back that 100,000? No matter how smart you are, or how much you can "think outside the box" and analyze.
If you ask the person who advised you to exit, they'll say: "My advice helped you avoid a 25% drop." If you want to discuss with them how to recover your losses... They'll just brush you off and eventually block you.
5️⃣ But if you hold on... You know your coin is a solid project... Even if it takes 6 months or a year to break even, As long as you give it enough time, you'll eventually make a profit, and your mindset will become more stable and resilient.
But those who sold at a –90% loss, are only left with a small amount of cash (3% or 7%)... fall into a highly anxious state: What to buy? When to get in? Should I wait? Or should I randomly buy and sell at a loss again? A vicious cycle... the money eventually disappears.
6️⃣ Conclusion: This is more of a psychological issue than a technical one. Massive losses destroy your decision-making ability. Exiting at a loss is not always the "solution," because the real challenge isn't whether you can exit... The real challenge is: Can you buy back in and hold on?
90% of people can't do it.
So... Let me put it simply: Exiting with massive losses = an insurmountable psychological challenge for most traders, unless a 50x miracle and extreme luck occur.
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RULING_WORLD_ALONE
· 12-04 19:19
offcourse
Reply0
FoxFox
· 12-04 16:42
HODL Tight 💪
Reply0
FoxFox
· 12-04 16:42
Long time i have not read good words, very fell said 👌👌👌☕☕☕☕🎄
Reply0
StateOfMind
· 12-04 15:08
I hope everyone can smoothly stay away from losses $GT
#广场发帖领$50
✍️ Losses in cryptocurrency... are not a matter of numbers, but fundamentally a psychological issue.
1️⃣
One of the most heartbreaking stories in crypto happened in August 2024...
At that time, Bitcoin rebounded from the bottom and started to rise.
It reached 73K at the first high point of the new cycle,
then fell back to the August low.
At that time, someone was promoting on Twitter:
"Get out after a 90% loss... Bitcoin is going to drop to the $30,000 range... sell your coins, and buy back at the bottom."
What happened in the end?
It never dropped to the $30,000 range...
Instead, it went up to a new all-time high, breaking through 90,000.
Those who sold at a loss missed this moment.
2️⃣
The strange thing?
After the market surged...
The same people started promoting buying!!!
Then we saw a rally in November,
and these were actually the same people who were shouting "get out" in that same area.
Those who sold at a –90% loss at that time...
came back in again...
So what's their situation now?
3️⃣
The same situation happened again last month.
Many people advocated exiting when at a loss...
I know that most people's losses once again exceeded 90%,
because after the big drops in February this year and October last year, the decline was huge.
Those who tell you: "Exiting at a loss can avoid another 25% drop"
completely miss the psychological aspect.
4️⃣
Let's be realistic...
If you put in 100,000 and now only have 3,000 left:
How are you going to make back that 100,000?
No matter how smart you are, or how much you can "think outside the box" and analyze.
If you ask the person who advised you to exit, they'll say:
"My advice helped you avoid a 25% drop."
If you want to discuss with them how to recover your losses...
They'll just brush you off and eventually block you.
5️⃣
But if you hold on...
You know your coin is a solid project...
Even if it takes 6 months or a year to break even,
As long as you give it enough time, you'll eventually make a profit,
and your mindset will become more stable and resilient.
But those who sold at a –90% loss,
are only left with a small amount of cash (3% or 7%)...
fall into a highly anxious state:
What to buy?
When to get in?
Should I wait?
Or should I randomly buy and sell at a loss again?
A vicious cycle... the money eventually disappears.
6️⃣
Conclusion:
This is more of a psychological issue than a technical one.
Massive losses destroy your decision-making ability.
Exiting at a loss is not always the "solution,"
because the real challenge isn't whether you can exit...
The real challenge is:
Can you buy back in and hold on?
90% of people can't do it.
So...
Let me put it simply:
Exiting with massive losses = an insurmountable psychological challenge for most traders, unless a 50x miracle and extreme luck occur.
Hope everyone can successfully avoid losses $GT