What is more important than the market now is livelihood

Source: Daoshuo Blockchain

During the online exchange on Saturday, I shared a point of view with everyone:

At present, we don’t need to worry too much about the market, but we need to care more about our livelihood.

The continuous decline in the market in recent times has broken the psychological bottom line of many investors. It is estimated that many investors have not thought that Bitcoin can fall below $60,000 again, and Ethereum can fall below $3,000 again.

In my opinion, there is no need to worry about the short-term decline of Bitcoin and Ethereum, because I am still firmly confident in their future in the long run. So as long as most of our positions are in these two coins, we can take this short-term plunge in the market calmly. I firmly believe that they will eventually set new highs in the near future.

What really deserves our attention is the changes that may occur in the environment we live in in the next year (by 2025) or even three years (by 2027), and whether we ordinary people can protect our property and maintain our livelihoods in these changes.

If we pay a little attention to various data and observe the changes around us, we should be able to feel that the environment is becoming more and more harsh.

In the exchange on Saturday, I mentioned one point:

The environment we live in now is unlikely to change significantly before the end of 2025. In such an environment, how many companies can survive for another year and a half? If companies with serious internal circulation are difficult to support, the so-called iron rice bowl public institutions will definitely be implicated.

So among our readers, any friend who still needs to earn a salary will be affected to some extent.

Therefore, I mentioned again the sentence that I have emphasized many times before: Always keep enough funds for yourself to live for 18 months.

In the subsequent Q&A session, the experience of a connected friend made me very emotional.

This friend sounded depressed.

He did not have a large position in Bitcoin and Ethereum, but he had a large position in other projects.

The reason why he did not focus on Bitcoin and Ethereum was because he felt that the increase in these two coins was too small.

During the communication, this friend repeatedly emphasized that he was afraid of losing opportunities.

He also talked about an experience he had in the past - in an operation that I thought was more speculative, he lost all the accumulated profits in the past.

What is more disturbing is that this friend unfortunately encountered a layoff in the company.

Some of the mentality and experiences of this friend, I have had them before.

For example, he is very afraid of losing opportunities, so he is easily worried about gains and losses.

I still want to say: Don't worry about not having opportunities. At least in the crypto ecosystem, as long as you can hold your ground, survive tenaciously, and constantly improve yourself, there will definitely be opportunities.

On the contrary, this mentality of fear of not having opportunities can easily lead investors astray - the most typical example is to think that a certain trap is an opportunity, so you bet heavily, and ultimately all your efforts are wasted.

I believe this friend is still very young and there will be opportunities for him in the future.

Another example is that the increase in Bitcoin and Ethereum is not big enough.

The increase in many altcoins is indeed much greater than that of Bitcoin and Ethereum, but in fact, friends who have participated should have experienced that there are very few investors who can really catch the surge in altcoins, and most participants are ultimately cannon fodder in the process.

In my experience, when investors focus on Bitcoin and Ethereum, their mentality will change, becoming more stable and rational, more able to cope with various storms and withstand various risks. At the same time, they will have more courage and confidence to participate in various high-risk projects. At that time, he will not worry about not being able to seize opportunities.

The most worrying thing about this friend is that he unfortunately encountered layoffs.

In the current environment, anyone who encounters such an accident will face considerable challenges in finding a job that matches their abilities, education and salary expectations in a short period of time. I am afraid that I will have to face more pressure from life and society in the future. If these pressures are not handled well, it is impossible to have a good mentality and emotions to reap fruits in other fields (including the crypto ecosystem).

I suggest this friend to put the crypto ecosystem aside first and withdraw some funds back to reality. First, he should ensure that he and his family can maintain a stable life in the next period of time, and then find a job as soon as possible to ensure the livelihood of himself and his family. After dealing with these things, if there is still energy left, he can return to the crypto ecosystem to continue exploring.

This friend's experience may seem like someone else's story today, but it is very likely that it will happen to you and me more and more in the future.

Compared with the pressure from livelihood, the rise and fall of the crypto market is not a big deal at all.

I hope that every one of our readers can be prepared for the challenges and risks that may be faced in the future.