Is Bitcoin trapped again? Don't panic! The breakeven mindset of an old sucker.



Admit it, seeing that glaring green in the account makes my heart bleed. Buying at the peak and falling to the bottom, that's me! The feeling of being trapped, those who understand know.
But the old suckers tell you: trapped ≠ the end of the world! The key lies in mindset and strategy.
If you firmly believe in the long-term value of Bitcoin and are using spare money, then close the trading software and do what you need to do. History tells us that time is the best remedy. As long as you can hold on, breaking even or even making a profit is not a dream. But! The premise is that you can really "play dead"; don't sell at the slightest drop and want to run at the slightest rise.

Buying in at a low position. If you still have bullets and assess that the current price is relatively low, you can buy appropriately to lower the overall cost. For example, if you bought at 50,000 dollars before, and now you add a bit at 30,000 dollars, the cost might drop to 40,000 dollars. If it rises back to 40,000, you can breakeven! This strategy works quickly, but the risk is also high, so be cautious when averaging down, don't go all in!

Reduce costs in waves, expert strategies! In a volatile market, try to buy at support levels and sell at resistance levels, even if it’s just a small profit. Little by little, actively reduce your holding costs. This requires skill, time, and energy; if done poorly, you may end up losing or getting trapped deeper. Newcomers should proceed with caution!
Blood and tears lesson! Don't borrow money to trade coins! When trapped, the pressure is enormous, and the mentality can easily collapse. Set stop losses! Before buying next time, be sure to think about how much loss you can bear in the worst-case scenario and set the stop-loss line in advance. Diversify your investments! Don't put all your eggs in one basket.

Being trapped is a necessary lesson in the coin circle. Instead of being anxious, it's better to calmly analyze and choose a strategy that suits you. If you endure, there will be sunny days ahead! #余币宝年化收益破24% #Gate Launchpad IKA上线 #以太坊交易量飙升
IKA-3,82%
ETH-1,71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)