Odaily News Jason Choi, general partner of Spartan Group, recalled his investment experience in 2022 and said that he was too eager to invest all his $40,000 in Bitcoin, and the price of Bitcoin later fell to about $15,000. Although he withdrew in time to avoid greater losses, this experience made him realize the importance of market judgment. He mentioned that he performed well in predicting the top of the market, but he was still inadequate in judging the bottom and short-selling strategies. Jason also pointed out that Bitcoin is now more affected by external factors such as ETFs and macroeconomics, and judging market trends is more complicated than before. He reminded investors that "being greedy when others are fearful" needs to be combined with actual conditions, and they cannot blindly follow market sentiment. Rational judgment can bring better investment results.