2026-01-07 16:22:47

Just look at how many people rely on various tools to track their expenses; this alone shows how professional the entire industry really is.

Honestly, if you can't even keep track of where your funds are going, how can you expect to make money in this market? That's a joke in itself. Poor financial management skills often mean poor decision-making abilities — if you don't know how much you've spent, how can you understand how much to invest or when to cut losses?

This reflects a common problem across the entire Web3 community: people are more concerned with FOMO and short-term gains rather than establishing genuine financial discipline. To survive longer in this industry, you first need to learn to be responsible for your own money.

View Original

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.

23 Likes

Reward
23
9
Repost
Share

Comment

0/400

DeFiGrayling

· 10h ago

Come on, using tools to track your investments just shows a lack of professionalism? I actually think it's a sign of self-discipline. Not even knowing how much you spend is really a letdown, but doesn't that also prove that there's a demand for tools? How can you still call it an industry problem? The worst thing is thinking you're smart and not keeping records, then losing everything and not even knowing how you died. Financial discipline is really basic; without it, everything else is just talk. Exactly, most people in our circle just want to get rich overnight, no one wants to take it slow. Actually, you just need a ledger, even a simple one is fine, better than not recording anything at all. The tools themselves are fine; it all depends on how you use them. Some people waste even the best tools. That really hit home, I got shot myself haha. Exactly, stop-loss is really the toughest part; you first need to know how much you've invested.

View OriginalReply0

RugpullSurvivor

· 01-09 04:38

Haha, okay. Actually, I’ve only survived this long because I used more than ten tools; otherwise, I would have been wiped out by a total loss long ago. Using tools = amateur? Then what about going all-in based on intuition alone without tools? Now the grass on the graveyard has grown to knee-high. True professionals should know their own strengths and weaknesses, what to rely on to stay alive longer, rather than just stubbornly holding on. I just want to ask, are those big shots who don’t use tools and do whatever they want doing well now?

View OriginalReply0

LiquiditySurfer

· 01-09 00:14

Oh, you're right. I've seen too many people surfing on-chain and only realizing halfway through that they have no idea where their costs are. Actually, tracking tools are not the main issue; the problem is that no one really takes the time to look at that data. If you can't even calculate LP yields clearly, how can you expect to optimize strategies? Dream on. Really, financial discipline is more valuable than any technical analysis, but unfortunately most people just want to gamble on the next price surge. If you can't even understand your own on-chain actions, how can you talk about capital efficiency? That's probably the root problem of Web3 right now. On the other hand, those who can sit down and keep accounts are often the ones who live the longest. There's nothing wrong with that.

View OriginalReply0

down_only_larry

· 01-07 23:35

If you don't understand fund management and still dare to go all in, you deserve to get liquidated. Track with tools? I might as well not check the account; if I don't see it, I won't be bothered. Really, financial discipline is easy to talk about, but everyone is a loser when it comes to actually doing it. Not even knowing where your money went, and still trying to make a profit? Laughing to death. FOMO has ruined so many people, and still can't learn from it. People are greedy; managing their finances is a joke. That's why most people end up losing money—it's a mindset issue. The words "stop loss" sound so uncomfortable that no one does it.

View OriginalReply0

ZenChainWalker

· 01-07 16:52

It's one thing to say that, but isn't using tools to track your activities also a responsible behavior? Why does it become a problem then? We, who rely on tools even for bookkeeping, really have no right to pretend to be financial masters here. FOMO is a valid point, but who can truly cut losses effectively? Don't talk nonsense. Wait, isn't it more chaotic without tracking tools? This logic is a bit strange. You speak quite harshly, but not everyone making money in the market has a clean ledger; luck is still key.

View OriginalReply0

GateUser-cff9c776

· 01-07 16:45

It's basically an imbalance on the supply and demand curve. Most people haven't even established an asset allocation model, so what are they talking about—floor price and ROI... They can't even read their own candlestick charts and have to rely on tools, which indeed reflects a certain market failure. Speaking of which, financial discipline is like Da Vinci's perspective—only by mastering it can you truly see the full picture of the market. Without it, you're just guessing blindly. Projects that even Warren Buffett would praise are often not the most profitable, but those that know when to cut losses. The spirit of Web3 decentralization applied to individuals means you really have to manage your own money well.

View OriginalReply0

DegenRecoveryGroup

· 01-07 16:42

Haha, you're right. A bunch of people don't even dare to calculate how much they've lost, and still want to moon. That's hilarious. --- Even using tools to track can't make sense of it. That's true GG. --- Financial discipline is worth more than anything. --- I just want to ask how many people don't even look at their holdings' performance and just go all-in with their eyes closed. --- That's why so many people in this circle end up completely broke. Serves them right. --- Really, if I hadn't been forced to reconcile accounts a few times, I would have forgotten how much I've lost. --- Have you ever heard of the term stop-loss? Many people haven't even heard of it. --- Hey, those who shout every day that Bitcoin will rise to 100k—how many of them really know how much principal they still have left? --- Basically, it's a gambler's mentality. What financial management are we even talking about? --- People who understand finance have long since left the scene. Those who remain are all relying on luck.

View OriginalReply0

LidoStakeAddict

· 01-07 16:38

Hey, I just want to ask, is using tools to track expenses unprofessional? Then what about a ledger notebook? Does that also get dissed? To put it bluntly, if you can't even keep your accounts straight, how dare you go all-in? You deserve to be educated by the market, haha.

View OriginalReply0

airdrop_whisperer

· 01-07 16:30

Haha, no kidding, the people around me ask me every day how I look at the ledger, but they end up with a confusing account themselves. Retail investors are like this—bragging when they make money, making excuses when they lose. Who the hell actually reviews their trades? Use tools to track? Come on, most people find even opening them a hassle, and they still want to make money in the crypto space. This is exactly why most people lose money—they can't even understand their own funds, yet they want to buy the dip and sell the top. It's hilarious. The key is, no one is willing to admit they're bad at this; everyone wants to rely on luck to turn things around. Really, financial discipline is way more important than technical analysis, but no one listens.

View OriginalReply0