Watching others multiply their coins several times over, it’s incredibly frustrating, and then I jump in to follow the trend, only to see the price drop immediately after buying. The tokens I hold are trapped, and I don’t want to admit defeat, so I add more to lower my average cost, but in the end, I lose more and more. I keep thinking this wave will turn around, but who knew it would be completely gone.
When I first entered the scene, I played like this. I lost so much that I doubted my life before I realized—this isn’t investing, it’s clearly just giving away money.
After suffering several big losses, I finally understood a principle: I must first adjust my mindset and establish my own investment system. Stick to this approach, and gradually I can stop the losses and start making profits.
Investing, in essence, isn’t about sprinting to the finish line, but about who loses less and who can survive longer. The remaining gains will naturally come back. On the surface, it’s about skills and methods, but fundamentally, it’s about having a calm heart. When your mind is chaotic, even the best strategies will turn into failures.
Calming the mind and training methods—this is the experience I gained step by step through pitfalls.
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ChainMelonWatcher
· 01-07 00:48
This really hits home. I am that fool who keeps losing more and more.
Not only can't make money, but I also learn to deceive myself.
It feels like they're talking about me. Now I finally understand what "living is more important than making money" means.
Mindset is truly an invisible killer, more deadly than any technical analysis.
But to be honest, what's the use of knowing all this? I still can't change.
I've heard this advice a hundred times, but how many people actually follow it?
This trap of increasing positions, I keep jumping into it repeatedly. Why can't I remember the lesson?
Honestly, it's still greed at work, unable to control my own hands.
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VitalikFanboy42
· 01-06 04:13
To be honest, I've also tried the tactic of adding positions to lower the average cost, and it was a bloody lesson.
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TopEscapeArtist
· 01-05 09:54
Damn, isn't this just a replica of what I did last year... That time I added to my position until liquidation, and I still want to smash the screen when I think about it now.
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BridgeTrustFund
· 01-05 09:53
I totally agree with this. Increasing positions to lower costs is really like stabbing yourself in the back.
That's right, living longer is more important than anything else; making money is something you do after living long enough.
The mindset is indeed the ceiling; no matter how skilled the technology is, a troubled mind is useless.
That feeling of rushing to turn things around in the early stages, I can tell right away now that it's a death wish.
I realize now that I only understood after losing money like that—paying tuition is really expensive.
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SeeYouInFourYears
· 01-05 09:48
This is a painful lesson. The strategy of increasing positions to lower the average cost is truly deadly.
That's right, attitude is the biggest enemy. No matter how good the technology is, it can't withstand a moment of impulsiveness.
I just want to ask, who can really avoid following the trend and stick to their own system? It's easier said than done.
Losing less to live longer—that really hit me. Why is it so hard to achieve?
It feels like trying to advise myself to stay calm, but next time I'll still go all-in.
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TheShibaWhisperer
· 01-05 09:43
That's so true, mindset is really the biggest enemy.
I've also used the tactic of adding positions to lower the average cost, which is definitely a losing mentality.
It's just that no one can stay calm when prices are high. I learned this lesson the hard way after dying once.
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MemeKingNFT
· 01-05 09:32
Uh... that's quite right, but I also did that a lot back then, chasing highs and getting hammered really badly.
Watching others multiply their coins several times over, it’s incredibly frustrating, and then I jump in to follow the trend, only to see the price drop immediately after buying. The tokens I hold are trapped, and I don’t want to admit defeat, so I add more to lower my average cost, but in the end, I lose more and more. I keep thinking this wave will turn around, but who knew it would be completely gone.
When I first entered the scene, I played like this. I lost so much that I doubted my life before I realized—this isn’t investing, it’s clearly just giving away money.
After suffering several big losses, I finally understood a principle: I must first adjust my mindset and establish my own investment system. Stick to this approach, and gradually I can stop the losses and start making profits.
Investing, in essence, isn’t about sprinting to the finish line, but about who loses less and who can survive longer. The remaining gains will naturally come back. On the surface, it’s about skills and methods, but fundamentally, it’s about having a calm heart. When your mind is chaotic, even the best strategies will turn into failures.
Calming the mind and training methods—this is the experience I gained step by step through pitfalls.