Compiler: Blockchain in Plain Language
We are entering the late cycle (personal opinion), which means things are starting to get crazy. Tokens are beginning to surge 100-fold, people are saying "holding BTC is meaningless," and Non-Fungible Token trading prices have reached absurd valuations.
If this is your first or second time experiencing such a cycle, you might feel out of control. Staring at the screen all day, focusing on friends and family (or even worse!). This article will help you manage these emotions and protect some of your gains by avoiding the "Mike Tyson-style knockout" brought by greed.
01 Mental Health in a Bull Market
1-1 Avoid Frequent Price Checking
The simplest point that can save a lot of time is: set price alerts instead of constantly checking prices.
If this is your first bull market, you might develop a bad habit of checking prices as soon as you wake up and before going to bed. This habit indicates you have a price at which you're willing to buy and a price at which you're willing to sell.
Understanding this, you can save at least 30 minutes every day. You won't check prices during gym breaks, right after waking up, or before sleeping. You'll have a clear buy or sell price range.
Since this is the beginning of a crazy period, we guess most people will set buy alerts rather than sell alerts.
In any case, set price alerts for your tokens, which will avoid frequent price checking and wasting time.
1-2 Research and Work
99.9999999% of people will accumulate all their wealth through their career. While we focus on WiFi (e-commerce) and other network-based businesses, the core principle always remains the same: building equity in your own business is always the top priority.
Every week, new tokens surge 100-1000%. Even in 2022 and 2023, if you're still following this field, you'll see such situations. If you find yourself frequently checking prices or browsing memes on X,every second that passes, the value you've worked hard to earn (or could have earned) is decreasing!
Instead, set aside a specific time to look for new projects. Your focus can be on DeFi, Non-Fungible Tokens, AI agents or
In short, set dedicated time to research cryptocurrencies to avoid neglecting your cash flow machine. When the music stops, you'll be one of the few who can buy at a discount.
1-3 Avoid Discussing Cryptocurrency with "Ordinary People"
This industry has existed for ten years. Basic knowledge has long been known, and those entering now have extremely low quality, not even understanding the most basic knowledge. This is advantageous for your investment but detrimental to your mental health.
Instead of trying to educate them, simply say: "I don't know much, I just hold a small amount of Bitcoin." This will save you a lot of time. Your logic is: you only hold a little bit of "the most famous coin", and that's it.
Now is not the time to convince others. If someone hasn't made wealth in this cycle, the floor price will be too high for them, and they will never be able to build a position. This means you don't need to explain "computer currency on the network" to your uncle Sal. It's too late for them.
In short, avoid communicating with ordinary people. If they don't even know the difference between centralization and decentralization, there's no need to continue the conversation. You can test their knowledge level by saying "I don't know much, can you tell me about cryptocurrency?" Once you hear incorrect information, end the conversation decisively.
Rule 2: Never Tell Anyone About Your Wealth
If you want to increase your chances of generational wealth, aim to tell everyone you are poor and have nothing. If you have 10 BTC, say you only have 1. If you have 10,000 ETH, say you have 100. And so on.
If you shout on TikTok "I told you so!!!" because a token has risen 5 times, we can be sure you will lose everything in a bear market, and even more.
Except for celebrities or professional athletes, Lady Luck only bestows large fortunes on those who remain low-key. Who is Aron Landy? Yes, most people would have to look up this name.
Rule 3: Be Happy for Any Successful Person
The vast majority of people are envious. If you are right 95 times out of 100, they will constantly emphasize the 5 times you were wrong, without realizing that this proves how high your accuracy rate is. If errors are rare, it means they are not the norm.
If someone is
Lady Luck always rewards winners. If you do not need something, you will get more. If you are always jealous or hate others, your luck will likely transfer to them.
Rule 4: Sell When Self-Inflated
You may have mentioned cryptocurrency to several people and received strange looks, trying to explain it countless times. Even if some people have a slight understanding and hold a small amount (like 2 BTC), they might think you are crazy because they just jokingly bought some and do not truly understand (otherwise they would be as crazy as you).
If your parents and friends - those who once mocked you - start saying "you were right", it's time to sell.
Lady Luck will not give rewards to those who do not respect money.
