"You Can't Make Money Beyond What You Think: Examine These Four Questions, and Maybe You'll Be the Next Rich Person"
The crypto world is experiencing a lot of FOMO lately. ZEC has surged, nearly 15 times its initial value from the bottom.
Those with leveraged contracts might chase the rally,
but in retrospect,
even if you opened positions at the bottom or in the middle of the upward trend,
it's difficult to withstand the 20% to 37% pullbacks during each upward wave.
You often don't even know where the top is,
and you'll always look back with a sense of optimism,
"I should have bought!"
"I should have bought, but I sold too early!"
Many cryptocurrencies, once they drop more than 30%,
plummet towards zero,
occasionally giving you a false rebound followed by an even bigger drop,
what you thought was a surge was just a temporary resurgence!
Every truly explosive cryptocurrency price surge inevitably involves a pullback of over 20%. While the daily chart may look good, switching to the hourly chart raises several questions:
1. Would you dare to chase the price at that moment?
2. Even if you did, could you hold onto it?
3. Even if you dared to chase, would you dare to invest a large sum of money?
4. If you did chase and held, but guessed the top wrong, turning a huge profit into nothing, could you handle the psychological impact of the loss?
By asking yourself these four questions,
you won't worry about missing out,
and you won't need to envy others.
The psychological pressure those few who succeeded during this process is unimaginable to those who weren't involved.