The articles written in the past few days are all sharing my views on the crash. It has been 6 days since the crash on May 19th. I remember that since I started writing this article, there hasn’t been a single one. This time, I wrote about the analysis of the market and my personal experience for several days in a row.
It is not my characteristic and style to write market analysis continuously for a long time, but in such a situation, I feel it is necessary to record all these feelings and feelings, and also for better reflection and summary in the future.
This adjustment is the biggest adjustment in the current round of the market. Although it is still much smaller than the 94th magnitude four years ago, it is probably the first time for investors who are new to the market in this round of market adjustment. It is very normal to encounter such a situation once, psychologically difficult to accept, emotionally difficult to calm down.
But the more at this time, the more we have to hold on, and cannot retreat mentally. No matter how we are prepared to deal with the next market, we now need to calm down.
I suggest that everyone may wish to think carefully about our original intention and reason for entering this market.
I believe that when everyone first came into contact with this circle, they had heard the stories of the early participants in the circle creating wealth miracles. Because of these wealth stories, they attracted the vast majority of players to enter the game.
What do you hope to achieve when you enter the venue? I estimate that in addition to a small part of the struggle for innocent ideals and creating an equal and decentralized crypto world, more people may still hope to change their status quo, achieve class jumps, and achieve wealth freedom.
Seeing this, if everyone agrees with this point of view, then you might as well continue to ask yourself: Why do we think of changing our status quo in this field, achieving class jumps and even wealth freedom? And not in other areas?
Because the opportunities created in this field are limitless, but the cost required is extremely low-so low that most workers can afford it, even without much effort.
In this regard, whenever I have the opportunity, I will share this point of view with you in the article. This is the original intention of writing this article, and it is what I most hope that everyone can understand and be convinced from the bottom of my heart.
I also invest in the stock market, but as I said, that is just a way to diversify risks and ensure stable investment income for fiat currencies, not a way to change the status quo. In A shares, how many stocks can ordinary investors have that have caught 10 times? Even if it can be caught, how many ordinary investors have enough principal to invest when investing?
This is true not only for A shares, but also for all traditional markets such as commodities, precious metals, oil and foreign exchange. Therefore, the traditional investment market only guarantees that our wealth can increase steadily, and it can never create miracles for us.
In the digital currency market, if investors who follow us to make a fixed investment, I believe that before this plunge, many investors have more or less nearly 10 times the income on a certain currency. Ethereum is one of them, right? Is it so difficult to invest in Ethereum? Need to read financial statements, analyze fundamentals, and conduct in-depth research? No need at all. It is the second largest digital currency. The consensus is second only to Bitcoin, and the market value is second only to Bitcoin. It has high security and large insurance coefficient. Investors who don’t know anything know it, just buy it.
And in A-shares, can investors who don’t know anything go to buy stocks with high security, large insurance coefficients, and the second largest market value in just a few years?
This is true for the stock market, as are other traditional markets.
After talking about investment, let’s look at entrepreneurship. Why look at entrepreneurship? Because only entrepreneurship can change oneself, achieve class jumps and even wealth freedom.
What opportunities do ordinary people have to start a business?
Open a snack shop and do some small business? That can only make ends meet, and now there is no such opportunity in the early stage of reform and opening up to make a fortune from a small business. Even in the high-tech industry, having unique technology to start a business is far from being achieved by one’s own power. At least it requires investment, a team, and market operation. And if any link goes wrong, all previous efforts will be lost.
Therefore, for ordinary people, whether in traditional industries or high-tech industries, the chances of starting a business are almost slim.
Then why does digital currency give countless ordinary people an opportunity? Because most of the people who create wealth miracles (such as Li Xiaolai, Bao Erye) have no high diploma, no network resources, and the simplest buying and holding can achieve our dream goal.
Such a simple operation can create such an incredible miracle, so we rushed in.
But are these seemingly simple operations really that simple?
Absolutely not. There is nothing in the world that has the best of both worlds. Its operation is indeed too simple to be simpler, but the hearts and beliefs that support its operation are hardly imagined by ordinary people. The difficulty is that it has fallen by 90%, and you can still hold on to it; the difficulty is that the country has banned trading, and you still believe that it has a future; the difficulty is that everyone is laughing at you, and you can still encourage yourself .
Without this courage, why did so many people who bought bitcoin together at that time only a few achieved their goals in life? Without arduous efforts, what kind of generous rewards can we talk about?
This arduous effort in other areas may be funds, resources, mental strength and physical strength; and in this field, there is almost only one-that is mental strength.
This market can put your tormented mind and energy, painful and even desperate. Why is this market so cruel? Because it puts all the expenditures in other fields in terms of funds, resources, mental strength and physical strength on the fulcrum of “mental strength”. Therefore, investors have to support the entire business with this only fulcrum. Can it be difficult and painful?
It is not easy for investors who can withstand all kinds of torture and go to the present, and this time is the time to test everyone.
If there are investors who really want to withdraw completely for various reasons, then I also hope that these friends will continue to pay attention to the next market, at least spiritually paying attention to such a complete trend will be of great benefit to their lives.
If investors still have hopes in this field but have limited financial resources, I suggest temporarily withdrawing part of their assets and replacing them with legal currency to ensure that their lives will not be affected.
If investors who will not use this part of the assets in their lives in the next few years at all, then I suggest that they might as well do it. But because this part of the money will not affect the lives of the next few years, I think even if we lose it all, we still have a chance to earn again. And if we just give up, we may be completely discouraged and leave the market completely, thus losing a life-changing opportunity.
In life, such opportunities and such fields are few and far between.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.