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After waking up from a sleep, the scam coins have dropped significantly again. This is why my strategy encourages everyone to do swing trading—sell when it's time to sell, don't hold on stubbornly.
Many people think that holding onto spot holdings will keep them as steady as Mount Tai, not afraid of drops, since they haven't lost much and just wait for the price to bounce back. But the reality is, this is actually a fatal misconception.
The biggest danger of spot holdings is not a sharp decline, but becoming numb to risk. When the coin price drops, you comfort yourself: "It's okay, it will bounce back eventually." When it really does rise, you’re reluctant to sell, and as a result, after a round of correction, profits evaporate, and even your principal slowly disappears.
The most deadly thing is that you get used to these ups and downs until one day, the market crashes completely, and you realize you've been trapped, even falling into a vicious cycle of “waiting for a rebound after a 10% drop → losing 80% and deleting the app.”
Many people think that holding onto spot assets will keep them as steady as Mount Tai, not afraid of drops, since they haven't lost much, and just wait for the price to bounce back. But the reality is, this is actually a fatal misconception.
The biggest danger of holding spot assets is not a sharp decline, but becoming numb to risk. When the coin price drops, you comfort yourself: "It's okay, it will bounce back eventually." When it really does rise, you’re reluctant to sell, and as a result, a round of correction brings profits to zero, or even slowly erodes your principal.
The most deadly thing is that you get used to these ups and downs until one day, the market plummets, and you realize you've been trapped, even caught in a vicious cycle of "waiting for a 10% dip to rebound → dropping 80%, then deleting the app."