Speaking of which, many people's attitude towards investing is quite interesting—putting a few tens of thousands into the stock market as a form of wealth management, but in the crypto world, they go all out and go All In. Why is there such a big difference?
But what I want to say is that no matter where your main position is, the logic of risk management is actually universal. Think about driving—whether you're driving a Wuling or a sports car, you still need to wear your seatbelt.
The volatility in the crypto space is really fierce; a few dozen points up or down in one night is not surprising at all. Because the risk is so high, position management needs to be even more careful. I've seen too many cases—someone mortgaged their house at the last moment of a bull market to trade crypto, and what happened? They suffered big losses. That feeling is really unpleasant.
My advice is simple: even in the market you are most confident in, you should leave yourself a backup plan. Ultimately, just surviving already means winning more than half the battle. The market is always there, opportunities are always there, but if your principal is gone, then you really have nothing left. What about you?
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PumpStrategist
· 01-06 21:48
It sounds very reasonable, but I have to say—those who truly understand position management have already taken advantage of the risk release time window. Coming to talk about this now is a bit of a late realization. However, the story you mentioned about mortgaging a house is indeed a classic, a typical leek mentality. All in essentially reflects the gambler's mindset at work.
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SignatureDenied
· 01-06 08:54
Really, I've seen too many people go all in and then cry; you still need to keep some reserves.
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DaoTherapy
· 01-06 08:53
Really? I've seen too many people fail in the crypto world... You really can't play with a all-in gambling mentality.
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BlockBargainHunter
· 01-06 08:51
Mortgaging a house to trade cryptocurrencies, I've really seen it happen, and you all know what happened afterward. To put it simply, it's treating gambling as an investment, and this mindset needs to change.
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MoonBoi42
· 01-06 08:40
Friends who mortgage their houses to trade cryptocurrencies are really incredible. This is what you call crashing before even getting on the bus.
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BlockchainFoodie
· 01-06 08:30
honestly this hits different... like supply chain risk management for your portfolio, you know? can't just yolo your whole harvest into one farmer's market stall expecting it to turn into michelin-starred returns lmao
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OnchainArchaeologist
· 01-06 08:26
Mortgage house All In is really outrageous; I've seen too many cases of families breaking apart. Is position management really this difficult?
Speaking of which, many people's attitude towards investing is quite interesting—putting a few tens of thousands into the stock market as a form of wealth management, but in the crypto world, they go all out and go All In. Why is there such a big difference?
But what I want to say is that no matter where your main position is, the logic of risk management is actually universal. Think about driving—whether you're driving a Wuling or a sports car, you still need to wear your seatbelt.
The volatility in the crypto space is really fierce; a few dozen points up or down in one night is not surprising at all. Because the risk is so high, position management needs to be even more careful. I've seen too many cases—someone mortgaged their house at the last moment of a bull market to trade crypto, and what happened? They suffered big losses. That feeling is really unpleasant.
My advice is simple: even in the market you are most confident in, you should leave yourself a backup plan. Ultimately, just surviving already means winning more than half the battle. The market is always there, opportunities are always there, but if your principal is gone, then you really have nothing left. What about you?