Brothers, it's been a long time. Once I've earned enough money, I get a bit lazy, spending my days either drinking or on the way to drink. Today, I want to share my personal views on the timing of future purchases of spot trading.

I have always believed that when it comes to investing, the first thing is to avoid greed, and the second is to have patience.

First, let's talk about avoiding greed. Once greed takes over, it affects your judgment regarding things. If something is worth 1 dollar, you should buy it for 1 dollar and not always think about leveraging, even if it's just 1x leverage. Don't think that low leverage means it's okay; even the lowest leverage will teach you a lesson! Moreover, if there's 1x, there can be 10x, and once you start down that path, you can't go back. Once you leverage, if the market moves against your expectations, you'll panic, and that panic will affect your decision-making. Most people end up cutting themselves because of this: greed leads you to leverage, and when the market moves unexpectedly, it causes panic, resulting in you cutting yourself off. Many times, the price comes back, but the spot is gone, and it's because of this.

Avoid greed, and another point is not to buy things beyond your understanding. In the crypto world, I actually recommend just buying the big coin; don't consider anything else. Other coins might have more volatility than the big coin and could rise more than the big coin. Many people's capital is limited, just a few hundred thousand, and they might feel that buying the big coin for three to five times isn't worth it, preferring to gamble on small coins to potentially get ten times or even dozens of times. But don't forget that profits and losses come from the same source. If it can rise dozens of times, it can also fall dozens of times, or even go to zero and delist. First, ask yourself if you can withstand a drop of more than five times; if you can't, it's best to study less about these. Even if you can withstand a drop of more than five times, if it really rebounds, ask yourself if you can hold on to ten times or even more. Most retail investors sell at three to five times at most because they lack that understanding and can't hold on. Given this, it's better to avoid greed and only buy what you can hold, just buy the big coin and don't research anything else. Sometimes, the more you study, the more you lose, which is really not a good thing.

Speaking of patience, you must be able to endure. Set a price for yourself that is likely achievable; the risk-reward ratio for buying at that price must be good. Don't panic about missing out just because you have a lot of cash. Remember that if you miss out, at least your money is still there; money is bullets, and if the bullets are still there, there are still opportunities. If you buy in a panic, you might end up stuck at a high position. Even if you know it will go up in the future, if you hold it for a few years and only earn a little, you'll feel anxious and frustrated! So, be patient.

I cleared my position a bit too early this round, clearing the big coin at 115,000. Mainly because I lost too much on the contracts, which caused a panic in my mindset. In the end, I simply cleared my spot holdings to calm myself down, fearing I might follow the path of bankruptcy like in 2018. If I don't calm down, my assets will shrink every day.

Let me talk about my future involvement plans.

If nothing unexpected happens later, I might only buy the big coin, even if I want to buy others, it will only be a small amount of ETH. Personally, my entry price for the big coin is between 40,000 and 60,000; if it reaches this price, I'll buy. And it's going to be an all-in purchase; it might drop below 60,000, and I would split my purchases over two or three months to put all my capital in.

What I mentioned above is the price measurement target. Additionally, I have another measurement target, which is time. According to historical cycles, after a bull market's peak, it usually falls for about 8 to 11 months to reach the historical low. This round, October is the highest price point; 8 months later, which is after June next year, it will only be in November. During this period, if the BTC price hasn't reached my expected buying price, if it's not far off my expected buying price, maybe around 70,000? Then I would consider buying half of my position first. Then wait until the end of the year; if there's a very low price, like 50,000? Then I'll use all my capital.

Of course, this is just my expectation; the market won't develop according to anyone's expectations. But I've given my expectation, and if it doesn't come true, it doesn't really matter. At worst, it just fluctuates around 70,000 to 80,000. If I want to buy but can't, then I won't buy; I won't earn that money. At least I haven't lost, right? The money is still there, isn't it?

Many people believe this bull market won't have much of a cycle. The U.S. and large institutions are involved, so there shouldn't be a significant drop. Of course, this possibility can't be ruled out. Even if that's true, I simply won't buy; at least I won't lose money, and holding cash doesn't make me anxious. But if I bought early and it really drops to 30,000 or 40,000, it would greatly affect my mindset. I've considered this possibility; I can probably hold on, but my mentality will collapse because even if it rebounds, I won't make much money. So I'd rather miss the opportunity than get stuck at a high position. I also don't want to buy at the lowest; at least I want to buy at a position that feels relatively low, where the risk-reward ratio is suitable for me to invest.

That's basically it. If anyone wants to discuss more, feel free to reach out to me privately.

BTC9720