Someone asked me how I read the market, and this is what came to mind.
There’s a principle about going against the trend:
The urge to buy the dip comes from the illusion of a bargain. But in a downtrend, after cheap comes even cheaper. If you wait for the trend to turn before entering, what you miss out on earning is the insurance premium.
Take $ETH today as an example: it’s at 1,813 now, down 2.46% over 24h. This kind of market action perfectly illustrates the point above. It’s no coincidence—it’s human nature repeating itself in the market.
Between knowing and doing lie several liquidations.
This time, I’ll just watch and stay out.
#ETH #投资哲学 #交易心态 #Crypto
There’s a principle about going against the trend:
The urge to buy the dip comes from the illusion of a bargain. But in a downtrend, after cheap comes even cheaper. If you wait for the trend to turn before entering, what you miss out on earning is the insurance premium.
Take $ETH today as an example: it’s at 1,813 now, down 2.46% over 24h. This kind of market action perfectly illustrates the point above. It’s no coincidence—it’s human nature repeating itself in the market.
Between knowing and doing lie several liquidations.
This time, I’ll just watch and stay out.
#ETH #投资哲学 #交易心态 #Crypto