2026.2.1 Empty position Day 119 Today's funds 2259102u

In the cryptocurrency world, only Bitcoin has no competitors and can be approached mindlessly.

All other coins have competitors and should be handled according to the situation.

There may always be new people seeing this, so I'll explain again.

I don't want to take risks with short-term or medium-term trading, nor do I want to trade small amounts to earn a little safely, and I don't want to invest steadily based on prices over one or two years just to safely earn without missing out; I find the returns too low.

In a bear market, I only want to wait for the long-term bottom; at least it should be cheaper before I jump in, aiming for significant profits.

In a slow bull market, missing out means no profits, but no losses either; just a cost of time.

Right now, I feel it's too early; one is time, and a complete bear market; four months is simply not enough. The highest drop from peak to trough is only 40%, which is too little; there hasn't even been a halving. At least a halving would barely count as cheap. There's no need to say that there are institutions involved now; I don't believe in that. I only acknowledge that the current market size is larger and the industry is better, and with their presence, volatility will be somewhat smaller than before, and the drops aren't as exaggerated as in the past.

An 80k drop to 40k is a loss I cannot accept, but I can accept a drop from 40k to 20k, or even 10k or to zero. In fact, at 50k, I might not be able to resist going all in.

Honestly, it all depends on personal choices and balance.

Right now, I don’t know what price I will enter, I don’t know when I will enter, I don’t know how low it will drop, and I don’t know how the market will move. I can only wait until the market reaches that point to find out.

I can't predict anything; I can only wait, and that is enough for me.

Also, don’t ask me about the market conditions now, whether it’s possible to enter, or what to do, because I haven’t taken any actions. I don’t want my thoughts to influence you; the inside and outside of the market are completely different. I'm afraid that my wrong judgments will cause those who blindly trust me to lose money, and I will feel guilty. I will post updates whenever I take any actions.

I can only record my own behaviors and insights. So I can never be a KOL, I can't point out market trends; I can only chat with everyone, or you can think of it as reading a long story of mine. I hope you can learn something from my experiences.

Finally, I have seen a daily drop of over ten points.

I hope all is well with you.

Come to the chat room for a live commentary to soothe your mind.

$ETH

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