Last night, BTC briefly flash crashed to the 8 range, with a drop of over 10%. The crypto world was once again in turmoil.

As soon as the market falls significantly, all the panic narratives come pouring in: which big guy has liquidated how much, how much has been cleared, institutions are about to sell off, the daily line has fallen for 10 consecutive days, my God, hurry and run! It's going to zero!……

In fact, the more these moments occur, the more we, as retail investors, should record our position operations and mindset. This is not a technical review; it is a review of our mentality. It is the truly useful thing that will allow you to survive in the crypto world and make big money in the future.

Hearing others tell you a thousand times that BTC will fall to 70,000, 60,000, 50,000, or 40,000 is not as real as experiencing the heart-pounding feeling of a flash crash yourself.
At the same time, there is another group of people who are already rubbing their hands together: waiting for BTC to reach 60,000 and ETH to 2,000, I will sell my house and car to buy the dip. I have done simulations a thousand times, and buying during a big fall will definitely double my investment! Indeed, historical data does support that "the more it falls, the more you buy" can make a profit, but simulation accounts can never replicate the real mindset.
You can calmly hold a position for 10 years with a simulated account, but once you switch to real money, may I ask if you can really hold on?
Simulated trading, attending lectures, viewing data, and reviewing others' cases cannot replace the days and nights when you personally bear floating losses, ride the waves of surges, and withstand temptations with real money and real life.

Many people spend their whole lives in the crypto world (including me) in the following real mode: continuously making small profits, then losing it all in one big trade, and finally leaving with nothing. Want to change your fate? You can only do the opposite: keep most of the time in floating losses, endure all the pullbacks, buy and do not move, neither avoiding losses nor chasing profits, holding on tight, waiting for the last big bull market to harvest enough profits to change your fate. This is the only way for ordinary people to survive.

If you are not an ordinary person, if you have an extremely high trading talent, strong psychological quality, and precise market sense, then you can engage in trends, leverage, and quantitative trading, earning 1000 times or even 10000 times in a year. Of course, only a very few individuals can achieve that. But please consider your own IQ and emotional stability first, and see if you really belong to that 0.1%.

The market has fallen too hard these days, and many people are itching to act. I quietly bought back some mainstream coins. At the moment I finished buying, I felt neither anxious nor ecstatic, just a slight sense of satisfaction: "My coin has increased a bit more." This sense of satisfaction does not come from technical analysis, nor from listening to someone's calls, but from the countless real samples of "crash → bottom-fishing → continued losses → holding on → finally breaking even and doubling" that have left a conditioned reflex in me. I am very clear that I am just an ordinary person. I have no talent, no insider information, and no strong heart. The only thing I can do is to neither avoid harm nor shun profits, letting time and the number of coins do the work for me. So, brother, no matter what others shout about 70,000, 50,000, or 30,000, quickly jot down your position today, your state of mind, whether your hands are shaking, whether you wake up at midnight to watch the market, all of it. These things will be your most valuable wealth in the future.