In the current bull market, I would like to say a few words to friends who are short positions

After Ethereum exceeded $1,500, it started a wave of uncontrollable gains. As of writing, it has exceeded $1,700.

Several top projects in the DeFi field have also risen to astonishing levels: Aave exceeded $500, MakerDAO exceeded $2,600, and Compound exceeded $500. I never thought that these DeFi tokens could rise to this price at this stage.

Not only mainstream coins and DeFi coins, but also coins in many other fields have been soaring recently, and the atmosphere of the entire market is a bit drumbeating.

Under such a rising trend, articles about getting rich and showing off began to appear again: "XXX made tens of millions by playing contracts", "I made tens of hundreds of times by relying on XX coins".

After reading such an article, I am afraid that the mood of friends who have short positions or sell their chips in advance will be very affected. If they want to operate, they will feel in a dilemma: if they want to buy, they are worried that the price will be too high and they will buy it; Continue to develop, it would be a pity to miss it. Seeing other people's coins soaring, but not having a few coins in my hand, I feel indescribable.

There is an old saying "a bull market never talks about its top". Therefore, as far as the current market is concerned, I think the bull market will continue to move forward, and I believe that the prices of Bitcoin, Ethereum and a series of top DeFi projects that I am optimistic about will continue to rise. But I don't recommend that everyone buy immediately in the short term, because although there is still room for growth in buying now, it will be very difficult to grasp the speed.

Let’s take Ethereum as an example. The current mainstream forecast is that Ethereum will rise to $5,000 or even $10,000 this year. From 2018 to 2020, I have been advocating in the article that you can buy with confidence below 400 US dollars. If we start from the fixed investment price we set at 400 US dollars, it will be 12 times when it rises to 5,000 US dollars, and it will be 25 times when it rises to 10,000 US dollars. If the increase is really realized, it will only take about 1 year. That's a lot more than I expected, so I won't be predicting it that way.

Even if Ethereum really rises to $5,000 or even $10,000 in this round of bull market, it is not how bullish our forecast is, it only shows that this market is too crazy and beyond our cognition.

If Ethereum rises to less than $5,000 and only rises to about $4,000, then if you buy it now, the profit will only be a little more than double, but the risk will be more than double, so it is not worth taking this risk to buy now.

In addition to the difficulty of grasping the profit margin, the more important thing is that once we take this goal seriously and use it as a basis to buy now, our mentality will expand and we will fall into a situation of taking it for granted: we will pay attention to how much Ethereum has risen every day, Can it rise to $5,000, or even more serious, looking for articles proving that Ethereum can rise to $5,000 to paralyze yourself, brainwash yourself, and then enter an abnormal gambler mentality. This consequence is more serious than short positions and missed opportunities.

So what I most want to say to friends who are short positions or who have already sold out their chips in advance is that if you miss this round of opportunities, you will miss it, pack up your mood and prepare for the next bear market restart.

Of course, if there is a big callback next, it will also be the last window for us to enter the market.

Investment can not only bring us huge benefits, but also leave us with many regrets and lessons. Any investor will miss many valuable opportunities because of his young experience, lack of experience and immature mentality in the process of his growth. This is the process that every investor must go through. What distinguishes investors in the end is not whether they have missed opportunities, but whether they can learn from the missed opportunities and whether they can stand up from where they fell.

Therefore, the most important thing for friends who are short positions now is to sort out their mentality, carefully review this journey, in which areas they have made mistakes, and in which areas they still have shortcomings.

Perhaps friends with short positions will feel envious or even jealous when looking at the currency holders. But in fact, any investor who can hold currency until now has experienced various tests of mentality:

In the most difficult stage of the bear market, I still insisted on regular investment in Bitcoin and Ethereum; I did not chase fancy projects because of such and such outlets; when DeFi was at its lowest point, I believed that DeFi had a future and insisted on regular investment; I did not insist on regular investment because Bitcoin broke through 20,000 The U.S. dollar thinks that everything will be fine and cashes out, and believes that the journey of renewal has just begun.

All of these are not only tests of investors' hearts, but also rewards for investors after they have endured these tests.

No harvest is easy to get, and this feeling is shared with all friends who have short positions or missed out.