✍️ Losses in cryptocurrency... are not a numbers problem; at their core, they are first and foremost a psychological issue.
1️⃣ One of the most heartbreaking stories in crypto happened in August 2024... At that time, Bitcoin hit rock bottom and started to rebound. It reached 73K at the first high of the new cycle, Then dropped back to August lows. At that time, someone was promoting on Twitter: "Just get out after a 90% loss... Bitcoin is going to drop into the $30,000 range... sell your coins, wait to buy back at the bottom."
What ended up happening? It never dropped to the $30,000 range... Instead, it went up and hit a new all-time high, breaking through 90,000. Those who sold at a loss missed the moment.
2️⃣ The strange thing is? After the market surged... The same people started promoting to buy in!!!
Then we had the November rally, And these were the same people shouting "get out" in the same range. So those who sold at a –90% loss back then... Got back in again... So what’s the situation now?
3️⃣ Last month, the same scenario played out again. Many people promoted exiting at a loss... I know most people’s losses once again exceeded 90%, Because after the sharp declines in February this year and October last year, the drops were 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 yuan and now you only have 3,000 left: How are you going to make back that 100,000? No matter how smart you are, even if you "think outside the box" to analyze.
If you ask the person who advised you to exit, he'll say: "My advice saved you from a 25% drop." If you want to discuss with him how to recover your losses... He’ll just brush you off and eventually block you.
5️⃣ But if you persist... You know your coin is a great project... Even if it takes 6 months or a year to break even, As long as you wait, you’ll end up in profit, And your mindset will become more stable and resilient.
But those who sold at a –90% loss, Are left with just a little cash (3% or 7%)... They end up in a state of extreme anxiety: What should I buy? When should I enter? Should I wait? Or just buy something random and then sell at a loss again? It’s a vicious cycle... and eventually, all the money is gone.
6️⃣ Conclusion: It's more of a psychological issue than a technical one. Huge 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 after a huge loss = an irreparable psychological challenge for most traders, unless a 50x miracle and a lot of luck appear.
Repost this, and I hope everyone can successfully stay away from losses. $GT
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.
$BTC #广场发帖领$50
✍️ Losses in cryptocurrency... are not a numbers problem; at their core, they are first and foremost a psychological issue.
1️⃣
One of the most heartbreaking stories in crypto happened in August 2024...
At that time, Bitcoin hit rock bottom and started to rebound.
It reached 73K at the first high of the new cycle,
Then dropped back to August lows.
At that time, someone was promoting on Twitter:
"Just get out after a 90% loss... Bitcoin is going to drop into the $30,000 range... sell your coins, wait to buy back at the bottom."
What ended up happening?
It never dropped to the $30,000 range...
Instead, it went up and hit a new all-time high, breaking through 90,000.
Those who sold at a loss missed the moment.
2️⃣
The strange thing is?
After the market surged...
The same people started promoting to buy in!!!
Then we had the November rally,
And these were the same people shouting "get out" in the same range.
So those who sold at a –90% loss back then...
Got back in again...
So what’s the situation now?
3️⃣
Last month, the same scenario played out again.
Many people promoted exiting at a loss...
I know most people’s losses once again exceeded 90%,
Because after the sharp declines in February this year and October last year, the drops were 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 yuan and now you only have 3,000 left:
How are you going to make back that 100,000?
No matter how smart you are, even if you "think outside the box" to analyze.
If you ask the person who advised you to exit, he'll say:
"My advice saved you from a 25% drop."
If you want to discuss with him how to recover your losses...
He’ll just brush you off and eventually block you.
5️⃣
But if you persist...
You know your coin is a great project...
Even if it takes 6 months or a year to break even,
As long as you wait, you’ll end up in profit,
And your mindset will become more stable and resilient.
But those who sold at a –90% loss,
Are left with just a little cash (3% or 7%)...
They end up in a state of extreme anxiety:
What should I buy?
When should I enter?
Should I wait?
Or just buy something random and then sell at a loss again?
It’s a vicious cycle... and eventually, all the money is gone.
6️⃣
Conclusion:
It's more of a psychological issue than a technical one.
Huge 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 after a huge loss = an irreparable psychological challenge for most traders, unless a 50x miracle and a lot of luck appear.
Repost this, and I hope everyone can successfully stay away from losses. $GT