In an online communication on Saturday, I shared a viewpoint with everyone: at present, we don’t need to worry too much about the market, but rather, we should be concerned about our livelihoods.
The recent continuous decline in the market has broken the psychological bottom line of many investors. It is estimated that many investors did not expect Bitcoin to fall below $60,000 again, or Ethereum to fall below $3,000 again.
In my opinion, we don’t need to worry about the short-term decline of Bitcoin and Ethereum at all, because I still have full confidence in their future from a long-term perspective. So as long as the majority of our positions are in these two coins, we can calmly face the short-term market crash, and I firmly believe that they will eventually reach new highs in the near future.
What I believe is really worth our ordinary people’s high attention is the changes that may occur in the environment we live in in the next year (until 2025) or even three years (until 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 overall environment is becoming increasingly harsh.
During the communication on Saturday, I mentioned one point: it is difficult for the environment we are currently living in to undergo significant changes before the end of 2025. In such an environment, how many companies can survive for another year and a half? If companies that are severely affected by internal competition cannot support themselves, so-called “iron rice bowl” government agencies will also be affected.
Therefore, among our readers, anyone who still needs to earn a salary will be more or less affected.
Therefore, I once again mentioned the sentence that I have emphasized many times before: always keep enough funds to support yourself for 18 months.
In the subsequent Q&A session, the experience of a friend who was connected via video call deeply touched me.
This friend sounded a bit down in mood.
He had a small position in Bitcoin and Ethereum, but heavily invested in other projects.
The reason why he didn’t focus on Bitcoin and Ethereum was because he felt that the gains of these two coins were too small.
During the communication, this friend repeatedly emphasized that he was afraid of missing opportunities.
He also mentioned an experience he had before—in what I considered a speculative operation, he lost all the accumulated profits.
What was even more worrying was that this friend unfortunately encountered layoffs.
I have had some of the same mentality and experiences as this friend before.
For example, being afraid of missing opportunities, which easily leads to a mindset of being overly concerned about gains and losses.
I still want to say: don’t worry about not having opportunities. At least in the cryptocurrency ecosystem, as long as you can hold your ground, survive tenaciously, constantly improve yourself, there will definitely be opportunities.
On the contrary, this mentality of being afraid of not having opportunities easily leads investors astray—the most typical example is thinking that a trap is an opportunity, and then heavily investing, only to end up with nothing.
I believe this friend is still very young and will have his own opportunities in the future.
For example, thinking that the gains of Bitcoin and Ethereum are not large enough.
Indeed, the gains of many altcoins are far greater than those of Bitcoin and Ethereum, but in reality, friends who have participated should all have the experience: very few investors can truly seize the skyrocketing rise of altcoins, and most participants end up as cannon fodder in the process.
In my experience, after investors focus on Bitcoin and Ethereum, their mindset will change, becoming more stable, rational, and better able to deal with various storms and risks. At the same time, they will also have the courage and confidence to participate in various high-risk projects. At that time, they won’t worry about missing opportunities.
What worries people most about this friend is the unfortunate encounter with 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 the short term. They will have to face more pressure from life and society. If they can’t handle this pressure well, it is impossible to have a good mindset and emotions to harvest results in other fields (including the cryptocurrency ecosystem).
I suggest that this friend temporarily put aside the cryptocurrency ecosystem, withdraw some funds back to reality, first ensure that he and his family can maintain a stable life in the coming period of time, and then quickly find a job to ensure their livelihoods. After handling these matters, if he still has the capacity, he can come back to the cryptocurrency ecosystem to continue exploring.
The experience of this friend may seem like someone else’s story today, but it is very likely to happen more and more to you, me, and others in the future.
Compared to the pressure of livelihood, the rise and fall of the cryptocurrency market is not a big deal at all.
I hope that every reader of ours can be prepared for the challenges and risks that may be faced in the future.