Trading cryptocurrencies is a form of cultivation

1. Human Nature

I used to think that trading cryptocurrencies was about overcoming oneself, overcoming human nature, overcoming instincts. Now I believe that’s not right; a person who constantly challenges himself, challenges human nature, challenges instincts is likely to fail.

If you can't even quit smoking, gaming, or the internet, what chance do you have of overcoming yourself?

The key to trading cryptocurrencies is to gain deeper understanding of yourself through losses and gains, despair and arrogance, to understand and find yourself, and thus follow your inner voice to reach the other side.

2. Mindset

When trading cryptocurrencies, pay more attention to your psychological state. If your mental balance is clearly disrupted, you should consider exiting the market. Instead of worrying about whether you've made a profit or loss, or whether the coin can still rise. Some say that trading requires discipline, and your mindset is your discipline.

When the market is good, you feel invincible; when the market is bad, you feel utterly stupid. These are signs of an unbalanced mindset. I once bought at the peak and sold at the bottom; these are results of an unbalanced mindset.

Therefore, I focus more on the ratio of my cash to my investments. When they are at 1:1, I am in the best state — selling when prices rise, buying the dip when prices fall.

Take good care of and maintain your mindset, as that is the source of discipline.

3. Cultivation

Some believe that true cultivation must happen in deep mountains and ancient forests, under ancient lamps and Buddha images. But I think that’s more like avoidance.

True cultivation must be in the bustling world. Trading cryptocurrencies actually tests a person’s mental strength: the ups and downs of the candlestick charts, fallen comrades, fragile confidence, illusory wealth, you see towers rise and fall, coins rise and vanish, gods retreat and illusions fade — this is a journey of苦难的修行.