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Old Wang's story is too representative in the crypto circle! In 2019, he bought a coin for 8,000 yuan. When the bear market came, the coin price crashed 99%, cursing filled the group chat, everyone rushed to cut their losses and exit, but Old Wang said nothing, even deleted the app.
Someone asked him why he didn't sell, he said he treated the money as if it was lost. In the 2021 bull market, that coin appreciated over a hundred times. He downloaded the app and checked—his 8,000 became over 800,000. He said he could hold it because he forgot about it, which is half true and half false. It's true that constantly watching the decline would make you unable to hold; it's false that the prerequisite to forgetting is that losing this money wouldn't affect your life.
In the crypto circle, too many people can't hold their coins, not because they don't believe in them, but because they can't wait. Borrowing money to trade, cashing out credit cards, mortgaging living expenses—once the price drops, they have to cut losses and repay debts.
So, how long you can hold doesn't depend on your vision, but on how long your money can remain idle. Invest with idle capital, then you can weather market volatility, wait for the clouds to clear and see the moon, and create miracles. Everyone must plan out their idle capital before investing!