Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
When is the right time to cash out? Few people in the crypto world can truly answer this question.
$ETH, $FHE, $ZEC...... Over the years, I've seen too many stories of accounts fluctuating. The real situation is often—it's not a lack of ability to make money, but a lack of courage to hit the brakes.
Back in 2019, I knew a friend who invested $20,000 and turned it into $300,000 in three months. The whole circle was applauding him. Every time I advised him, "Take your profits now." But he only had one number in his eyes—$1 million.
And what happened in the end? In less than half a year, his account evaporated to just over $10,000. He didn't even hold onto his initial principal.
I'm not just an observer of such dramas. During the 2021 market rally, my account once hit a daily high of over $1.8 million. At that time, I felt greed wrapped in rationality—I was thinking of doubling again and then pulling out.
But the market never follows anyone's script. When I turned around, my account was down to less than $400,000. I was trapped in insomnia, asking myself every night: If I had taken profits back then, how different would everything be... But everything was already set in stone.
That experience taught me a very painful lesson:
**In the crypto world, it's not about how dazzling your peak is, but how much real money you finally take back into the real world.**
Many people shout about wealth freedom every day, but they haven't even learned the basic lesson of "taking profits when it's good." Greed is like drowning—at first, you don't notice, but by the time you realize, you're already too deep.
Later, I set a strict rule for myself: when my position gains three times the profit, no matter what happens afterward, I take out half first. No bargaining, no "wait a bit longer." Only in this way can your heart not be enslaved by K-line numbers, and your account can stay stable.
Someone asked me how much money is enough. Honestly—money is indeed better the more, the merrier, but everyone's capacity to bear pressure and risk has a ceiling. The key is whether you can proactively move the profits into your wallet before the market pushes you down.
The most valuable lesson in crypto is: don't fantasize about perfectly timing the top. That moment simply doesn't exist. The most relaxed people are those who smartly get out before reaching the peak.
Non-farm payroll fluctuations, market sentiment swings—these will constantly test your psychology. The ones who consistently profit rely on this kind of rationality of "getting off halfway up the mountain."