In the crossfire of the cryptocurrency world, whether you are an expert or a novice, no one can remain in smooth sailing forever. At this moment, how to maintain a stable mindset and combat pressure will be the key to whether the next move can lead to victory!
(Background: The awakening of ordinary Web3 participants: letting go of the mindset of speculation and stepping into the circle with a solid approach!)
(Supplementary background: Ten investment psychology tips from “The Wealth Mindset”: To emerge from a bear market, one must first solidify their worldview)
As we watch the asset numbers on the exchange fluctuate with each K-line, pressure silently spreads over us, accompanied by fear: Will the contract be liquidated? Will we miss this opportunity? When emotions control our actions, it is highly likely that we will become a victim in the market. Therefore, this article provides three aspects of stress relief guidelines to prevent pressure from interfering with our decision-making, allowing us to become winners in the market.
Stable Mindset
When faced with investment losses, it is inevitable to experience unstable emotions. At this time, only by adopting a positive mindset can we truly stop the losses. However, most players, when faced with losses, first think about how to quickly make up for it, leading to contracts one after another. Days later, when all the money is lost, they suddenly look back with regret. Therefore, this section introduces two stable mindsets:
Accepting Market Uncertainty
Accept this failure; no one can completely predict future trends, not even the whales, let alone retail investors. We knew from the moment we stepped into the cryptocurrency world that it is a high-risk place, and precisely because we are willing to bear high risks, we have the opportunity to gain high returns quickly in the crypto market.
It is said that the world’s first stock was issued by the Dutch East India Company in 1602. Investors’ funds at that time were bets on the ships that ventured out on voyages, experiencing real storms, ultimately bringing back results. Investors could not predict whether this voyage would succeed or fail, but these funds exemplified the spirit of risk-taking, creating immense wealth for them.
Learning from Mistakes
Without experiencing the heavy blows of the market, one cannot truly grow into an excellent investor. My success in the cryptocurrency market largely stems from the lessons I learned from significant losses.
– Renowned cryptocurrency analyst Miles Deutscher
Learning from the errors in investment operations can make this loss valuable. I recommend reading the article “Five Major Crypto Investment Lessons I Learned After Losing $1.7 Million,” where Miles Deutscher shares five unforgettable investment points he learned from personal losses. This is a great opportunity to reflect on oneself while standing on the shoulders of giants.
Investment Strategy
The cryptocurrency market is both loved and hated for its high-risk, high-reward gameplay. However, if you have faced significant setbacks under high leverage in the recent bear market, take this opportunity to understand financial management methods that allow us to relax: U-based finance. “Instead of PvP and facing defeat, why not earn a steady 20% per year?” I recommend reading this collaborative column series:
- “Market Corrections Hurt, More Suitable for Lazy People: U-based Financial Strategies Here”
- “Market Corrections Are Deceptive, Suitable for Relaxation: U-based Financial Strategies Vol.2 Here”
- “Extreme Market Panic, Suitable for Relaxation: USDT Financial Strategies Vol.3 Here”
This series will be updated weekly, and you are welcome to regularly check for the latest stablecoin financial analysis. After understanding this part of the investment strategy, allocate some assets to a stable investment portfolio, allowing yourself to have a steady passive income without constantly worrying about the unpredictable coin prices.
Daily Actions
Stabilizing Your Mind
When feeling the anger or panic triggered by overwhelming pressure, we must first calm our minds. The World Health Organization (WHO) shares a “5–4–3–2–1” technique. The essence of this technique is to focus our attention on what is happening before us. First, slow your breathing and try to calm yourself. Next, ask yourself the following questions and answer them in your mind:
- What are five things you can see?
- What are four feelings you can sense?
- What are three sounds you can hear?
- What are two smells you can detect?
- What is one thing you can taste or touch in your environment?
Expressing Negative Feelings
Pressure can amplify our feelings of unease and lead us to criticize ourselves unconsciously. Appropriately expressing negative feelings, whether to family, friends, partners, or sharing on social media, can help us understand that frustration and disappointment are just parts of our emotions, and these negative feelings will eventually fade with time. Our lives will continue to move forward.
Getting Active
Everyone knows that exercise can alleviate stress, but sometimes we are just too lazy to go out and exercise. Studies show that adults can achieve enough mental calmness after 20 minutes of aerobic exercise. So, the next time you feel stressed, try to get yourself moving outside.
Taking a Break
People often underestimate the benefits of taking a break. During workdays, going out with friends for lunch or taking a short nap can be revitalizing. On weekends, try turning off social media and treating yourself to a massage. Temporarily stepping away from the market can provide you with breathing space! Clearing your mind of investment thoughts for a while can have unexpectedly positive effects.
Conclusion
“The best investment you can make is in yourself.” – Warren Buffett
This is a famous quote from the Oracle of Omaha, Warren Buffett. Investing in oneself is the best investment. As we navigate the cryptocurrency market, let’s not forget to reflect: we invest to make our lives better, and investing in ourselves is undoubtedly another way to enrich our lives. Periodically redirecting our focus onto ourselves is the only wealth we can completely control.
