In the current bull market, staying calm and composed is of utmost importance. Holding onto your cryptocurrencies steadily is the broad path to victory.
Impulsiveness is undoubtedly the number one taboo in the crypto world. When the bull market surges, witnessing certain cryptocurrencies experiencing multiple times in price increase, it's normal to feel stirred: should I chase the rise? Will I sell too early? At this moment, it is increasingly necessary to remain calm. Experienced investors know that the secret to profit in a bull market lies in patient perseverance, while the bear market is the perfect opportunity for careful planning.
Do not be governed by the fear of missing out. Although it is hard not to be tempted when seeing prices double, the market follows a rotational pattern. Even if a certain cryptocurrency rises to 5 times or 10 times, the market makers may still hold a large amount of chips and may not continue to push the price higher. Recklessly chasing high prices can easily lead to being trapped. In a bull market, it is essential to lock in profits at the right time and not to take blind risks.
In the face of market fluctuations, it is crucial to act according to the established plan and not to be controlled by emotions. A common pitfall for beginners is impatience; when first entering the crypto market, it is even more important to understand the true meaning of “patience.”
In summary, the key to success in a bull market lies in one word: “endure.” Do not let short-term rises and falls disturb your mood. Missing a sale is just a minor episode; being trapped is the real suffering.
If anyone feels confused due to market fluctuations and doesn't know how to deal with being trapped, or feels misled during the operation process, I am Jiu Ge, and welcome to communicate.
