Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
I have survived and crawled out of the deep pit of liquidation. In 2018, an older brother around me used $20,000 as principal and forced his way from $30,000 to $300,000 in just 5 days. Everyone advised him to take profits in time, but he stubbornly insisted with tears in his eyes, "Just one more push, and I’ll be free." What happened half a year later? His account was left with just over $10,000. Speaking of which, I myself didn’t do so well during the 2021 bull market—my account once surged to $1.8 million, and I kept thinking, "Just one more doubling, then I’ll stop," but a sudden correction knocked it down to $400,000. During that time, I would wake up in the middle of the night, repeatedly calculating, "If I had withdrawn early, I could buy a few houses in my hometown," but the market never gives greedy people a chance to regret.
The most heartbreaking phrase in the crypto circle: 90% of people haven't never made money, but they've never truly taken it out.
**Why do we always stand guard at the top?**
When the account figures skyrocket, the human brain goes haywire. If your principal grows from $10,000 to $30,000, you think, "Just add another $10,000," but the market can instantly wipe out your profits. A 30% increase takes a long time, but a 30% drop can happen with just a needle—look at the BTC fake ETF news in March 2024, where a 15% drop appeared instantly.
And there's an even more heartbreaking thing: no one can sell precisely at the top, but someone always tries to find that peak, and as a result, everyone ends up holding the bag. SOL went from $20 to $200 in just 3 months, but when it fell back to $30, those waiting for "new highs" couldn’t even protect their principal.
My current rule is simple: when profits triple, definitely take out half. This is not greed; it’s the basic move to stay alive and exit the market.