The Survival Path in Market Cycles

The world of investment is a brutal game, and often only a few can profit in the long term. The existence of economic cycles determines that the market will inevitably experience bull and bear phases; there is no market that continuously rises or falls forever. Each investor needs to find a way of survival that suits them, which depends on personal character and preferences. Some are good at short-term trading, some focus on investing in fundamental projects, and others engage in cross-cycle layouts; everyone's strategy is different.

However, one point worth noting is that, in the long run, investors who focus excessively on price fluctuations often find it difficult to achieve desired results. When a person makes profits easily through trading, it can create an illusion of invincibility. However, the market will ultimately redistribute gains, and whether one can truly earn and retain profits largely depends on the investor's mindset.

Investment or trading behavior essentially reflects a person's inner qualities, such as the balance between desire and self-control. This determines whether individuals choose to buy, sell, or hold. There is a logic behind each decision, based on personal judgments about money, fundamentals, speculation, market trends, and other factors.

As the ancients said, it is not the external world that changes, but the human heart that fluctuates. For investors, the truly important question is not about predicting market ups and downs, but whether one has a firm belief in their own investment philosophy. If this belief is lacking, any market fluctuation can disturb one's emotions, affect subsequent decisions, and ultimately lead to failure.

In this ever-changing market, new hotspots will always emerge, attracting people to chase after them. For those who have positioned themselves early, this means profits; for latecomers, it may pose risks. However, for true industry builders and long-term investors, the focus should be on the construction and development of fundamentals, rather than short-term price fluctuations or market sentiment.

Participants in the cryptocurrency market can generally be divided into two categories: one group seeks to outpace inflation, while the other hopes to outperform Bitcoin or Ethereum. The former includes some traditional institutions, whose capital flows can significantly impact the market. The latter comprises the core support group of the industry, who often become the backbone of the market during bear markets.

It is worth emphasizing that the "All-In" strategy, while it may bring high returns at certain times, is not the best choice from a long-term and probabilistic perspective. The primary goal of investing is survival, rather than pursuing short-term windfalls.

Finally, it is important to recognize that the investment world is diverse, and there are no universal truths that apply everywhere. Everyone should examine their own heart and find the investment path that suits them. Only in this way can one maintain composure amidst the market's ups and downs and achieve long-term success.