How can I give up on the cryptocurrency world and completely withdraw from it?
If you have this idea, you can read on:
This proves that your current concentration is not suitable for the cryptocurrency world, and that you don’t “view the cryptocurrency world correctly.” You have to keep emphasizing one thing: the vast majority of people are not suitable for gambling.
I will send you the following content about "You are not suitable for gambling", hoping that it will change:
1. About Texas
I moved to Hangzhou at the beginning of the year, and I had more private gatherings with business friends, and more opportunities to play Texas Hold'em, so the frequency of playing increased from once every six months in the first two years to once a week.
My understanding of Texas has two stages:
1. Entertainment
The feeling of adrenaline rushing, the shaking of hands when you get good cards or the last row of cards is very exciting, which is an experience you don’t have when playing other games.
2. Know yourself
This stage is somewhat about the value of Texas Hold'em as an entertainment activity, but the decision-making of playing Texas Hold'em is indeed somewhat similar to that of starting a business - when you get a big hand with more than 50% chance, should you go all in?
The same is true for starting a business: you get a big hand and find a good opportunity, do you want to invest it all in?
If you lose once in Texas Hold'em, you may have to leave the table (of course, most of the time you just buy another hand), but if you lose once in starting a business, there may be no hope of recovery.
So friends at the Texas Hold'em table often say: buying cards is angel investment, do you want to gamble on a big hand? You have already made such a big gamble as starting a business, why not give this hand a try?
So I would review my decision after playing Texas Hold'em for a while: Is it a gambler's mentality, wanting to turn the tables if I lose and wanting to protect my capital if I win? Did I make a decision to stop loss or take profit? Did I dare to leave the table in time?
I have indeed gotten to know myself better through Texas:
1. I am an ordinary person - I no longer think about making a fortune in the Texas Hold'em circle where there are so many masters. I don't have the luck to do so.
2. I don’t know how to make decisions based on sunk costs, and I get carried away easily. I can’t forget about previous wins and losses to calculate the probability of winning. I make decisions based on chips and pots. As I play, I forget the basic judgment rules and get carried away easily.
3. My ability to summarize and execute after summarizing is not good - all experience is gained through high-quality review, and the next action is guided by the review and then improved. I can't do it. No matter how well I review offline, I will forget everything after a while at the table. This is the same logic as the previous entrepreneurial predecessors who signed unlimited liability and failed and affected their families - they all knew it was wrong, they all knew there were great risks, and they all knew that if they lost, the whole family, including both parents, would fall into the abyss, but the superiors couldn't take care of it at the time. I don't think I can take care of it either, so I must avoid falling into the situation of signing unlimited liability.
After summarizing, I decided: I will no longer play Texas Hold'em and break free from the slightly addictive state.
2. Don’t gamble
The reason I shared my experience of quitting Texas Hold’em is to tell friends who want to enter web3 or are currently playing web3: Don’t gamble either.
It happened that the price of coins and NFTs plummeted in the past two days, and I saw too many people being buried. Many gamblers who used leverage and opened contracts not only lost their previous profits, but even got into debt (the funds for cryptocurrency trading were borrowed).
Just as most people think that this time the good luck will definitely fall on me when buying lottery tickets, most people who speculate in cryptocurrencies and NFTs also think that they are better and will definitely be able to achieve financial freedom through cryptocurrency and NFT speculation.
But from a probability perspective, this is impossible - it is not ruled out that you enter the market just in time for a bull market and can make dozens of times the profit by just buying a few points (there are indeed many such stories in web3), but if you review the situation, it is indeed not about how strong your macro judgment ability is. You can clearly judge that the bull market is approaching and therefore enter the market to buy at the bottom, isn't it just good luck?
Moreover, the web3 market fluctuates so much that you may not be able to cash in your winnings - the casino chips are all floating profits before they are exchanged.
Of course, I can guess that not many people will listen to this advice. If it were me a few years ago, and if I hadn't experienced the "gambler's mentality" in various things later, I would still think that I have to give it a try - why can't I win?
understand.
It's just a suggestion. One more thing: many of the people who read my content are friends who have not yet entered the web3 market. I hope to give everyone an early warning - ordinary people, keep a normal mind, luck will not always be with you.
It's okay to enter the market with a small amount of money, but you must be cautious when it comes to the scale that affects your life. You must stop losses and profits in time. If you win the bet, you can use the money to support your family.
If you lose the bet, please adjust your mindset and communicate your specific situation with me. I definitely can't help you pay off your debts and let you live a normal life again (I don't believe in people with a gambler's mentality)
end:
1. If you want to return to normal life, but have lost all your money from gambling, you can contact me. After verification, I will give you an electric car to support you in delivering food!
2. This is gambling addiction! Look at it correctly. You are not "not giving up on the cryptocurrency circle" now, you are addicted to gambling. Find a case of quitting gambling.
3. It is best for you to have some investment experience in funds, stocks, etc. before entering the cryptocurrency circle. After experiencing the fluctuations, you will be able to control yourself a little.