There is no need to panic during the bull market.

It was only when I watched the news over the weekend that I learned that the market had experienced another flash crash.

Regarding the cause of this flash crash, the more serious discussions 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 the crypto market; while the more lively discussions were that a large investor accused Xan of listing coins too frequently, causing the market to be bled, during a dispute with a person in charge of Xan.

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

In this round of bear market, I set the investment price of Bitcoin at US$35,000 and that of Ethereum at US$2,500. As long as the price exceeds this, I will no longer invest and will just wait and see.

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

So as long as it doesn’t fall below the fixed investment price, any market decline will mean nothing 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 online quoting a picture that mocked a bunch of coins:

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

If people just laugh and treat them as humor, then it doesn't matter. But if they take it seriously and use it as a tool to vent their emotions, then they lack some basic independent thinking ability and emotional control ability.

For these three coins, I will not discuss whether the projects behind them can really realize their respective visions, nor whether they are false demands. As for the narratives of the tracks 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 continue to be popular in the next bull market. As long as they are popular, their coin prices in the next bull market will most likely not stop before the flash crash.

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

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

Such examples are far from limited to these three coins.

Some time ago, readers often asked in their messages whether XXX could still be purchased?

This is a good time to answer questions like these.

If investors are still optimistic about these projects as always, but have been unable to make a move because their prices are too high, it is time to see if their prices have fallen low enough or within their psychological price range.

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

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

From this point of view, investors have even less reason to panic about such a decline.

In the past two months, after Bitcoin reached a new high of nearly $74,000, it has experienced two major adjustments. Many investors who have always believed that the "bull market" has come a long time ago began to wonder 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 consider an extreme situation that may occur:

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 (when both Bitcoin and Ethereum break through their previous highs) arrives?

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

Regarding this extreme situation, I have publicly expressed my thoughts in the previous article: I will not consider selling it for cash until Bitcoin reaches $100,000.