There is no need to panic during the bull market.

Source: Daoshuo Blockchain

I only found out about the flash crash in the market when I read the news over the weekend.

Regarding the cause of this flash crash, the more serious discussion attributed it to the escalation of the war in the Middle East, which led to risk aversion in the market and caused some funds to flee from the crypto market; while the more lively discussion was that a large investor accused Xan of listing coins too frequently, which caused the market to be bled, in a dispute with a certain person in charge of Xan.

In my opinion, for investors who make fixed investments, before the bull market comes, it is meaningless to worry about such ups and downs in the market. Because if the fixed investment strategy is set appropriately, the ups and downs of this kind of market will not and should not affect any operations of investors.

In this round of bear market, the fixed investment price I set for Bitcoin is US$35,000 and that for Ethereum is US$2,500. As long as it exceeds this price, I will not make fixed investments anymore and just wait and see.

During this market crash, Bitcoin fell from about $71,000 to $62,000, a drop of more than 10%, but it did not fall below my fixed investment price. If it is more exaggerated, even if the drop reaches 50%, it will only fall to $35,500, which is still higher than my fixed investment price.

So as long as it does not fall below the fixed investment price, any decline in the market will not make any sense to me.

This is the case with the decline of Bitcoin, and the same is true for the decline of Ethereum.

I saw some comments on the Internet quoting a picture, which made fun of a bunch of coins:

For example: TAO is "escape", ENA is "uh ah", ETHFI is "end of Ethereum"...

If everyone just laughs and treats them as a kind of humor, it doesn't matter. But if you take it seriously and use it as a tool for emotional catharsis, you lack some basic independent thinking ability and emotional control ability.

For these three coins, I will not talk about whether the projects behind them can really realize their respective visions, nor whether they are false demands. Just talking about the narrative of the track they are in, at least they will definitely be hot spots in this round of bull market. Since they are hot spots, as long as the teams and projects behind them do not have major problems in the future, they will most likely be popular in the next bull market. And as long as they are popular, their currency prices in the next bull market will most likely not stop before the flash crash.

So this flash crash is just an insignificant noise for the next bull market, and there is no need to cause unnecessary worries and fears.

I cite these three coins not to express that I am optimistic or pessimistic about them, but I think people's attitudes towards them can reflect how exaggerated investors' irrational emotions can sometimes be.

Such examples are far from these three coins.

Some time ago, readers often asked in their messages whether XXX can still be bought?

It is just at this time that such questions can be answered.

If investors are still optimistic about these projects as always, but have been unable to buy them because of their high prices, then they might as well see if their prices have fallen low enough or within their psychological price.

If so, and there is no problem with the project itself, isn't this the time for investors to enter the market?

Even if not, their prices are still very high. At least the market has given us the opportunity to re-examine these projects that we once favored and wait for the opportunity to enter the market.

From this point of view, investors have no reason to panic about such a decline.

In the past two months, after creating a new high of nearly $74,000, Bitcoin has probably experienced two major adjustments. Many investors who have always believed that the "bull market" has come a long time ago began to doubt whether the "bull market" would just go away.

Let’s not worry about whether this is a bull market or not, but we should seriously think about a possible extreme situation:

If Bitcoin cannot exceed $74,000 in the next year or even longer, do you plan to sell at a loss or hold on until the next bull market (Bitcoin and Ethereum both break through the previous high) really comes?

If you plan to hold on until the next bull market, then in the next few years, in such a sluggish economic environment, do you have enough income to support your life and ensure that you can hold on to these chips in your hands?

For this extreme situation, I have publicly given my thoughts in the previous article: I will not consider selling before Bitcoin reaches $100,000.