Recently, a fan asked me a question: I said that I have been in the crypto world for 3 years long two months, with a principal of 100,000 yuan, I have experienced a Bear Market, and I have also experienced this Bull Market, why is it still spinning in place, I haven't made money, and even started to lose money, and the current Position is only 80,000 long. Let's study longest.

Probably when I heard him enter the circle, I already understood why he didn't make money, or even lost money.
Three years long ago, it happened to be the first year of Bull Market, that is, the beginning of 2021. Everyone learns and learns.

To test my idea, I asked him three questions.
1, the earliest into the circle, is the Position in the process of making money, first small and then large to buy?
2. Whether it is basically only bought, rarely sold. Or constantly change positions and increase the position according to market sentiment, news?
3, last year and the end of the year before saw that the mood was very bad, did you have a big dump after the cut loss, and then later saw that the market has been pumping, and then chased rising prices to buy back?

Not surprisingly, basically all three of them are in the middle.

In fact, his situation is basically long the same as that of very long retail investors.
Taking this round as an example, there are a total of three big opportunities to buy the dips, no matter which one, as long as it is seized, it is basically at least double the position. According to the pump of the BTC, it should also be reached.
However, the real buying the dips is a test of everyone's emotions and the ability to control the position, and few people can do it, and I am one of them.
In this circle, there are longest people who lose money, accounting for eighty percent, and these people have a common situation:
1. I have no concept of the cycle.  
2. No management of Position.
3. Lack of control over emotions.
The above three points will cause Bull Market chase rising prices, Bear Market kill fall, pump fear of missing out (FOMO), and spray when fall.

I have played in advance during the Bear Market before, and when entering this circle:
First of all, you must be prepared for a 50% drawdown of the principal, so you can't take out a loan, or take key funds to gamble, because "important funds" determine how big long the pattern is.
Secondly, k to look at the cycle, it is best to big dump, after a period of falling, find the bottom of the box, and lay out it in batches. It can pull to a relative bottom of the price, and then ensure a good mood and less operation.
The most important thing, the strategy of exiting, conservative is to coin the standard, double it by half, and then every pump 50%, out of 10%, you can eat the bonus of the entire Bull Market, and you will not get hurt.
When to buy is critical, this is relatively simple, but it seems to be a bit difficult for longing people, because they miss the opportunity and are not patient enough to wait.

Most people lose money in the Bull Market for this reason.
Cryptocurrency trading, most of the time should be waiting, waiting to buy, waiting to sell, the operation time should not even be one percent.
Of course, those who can do this will also be injured in last month's drawdown (which is human), but in the long run, they must have accumulated enough wealth.
In the case of no desire, the results are often not sought, and the results are not obtained. Do what you should do, stick to what you think is right, strengthen your ability, and do the rest without desire.
That's it.
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