Today, the cryptocurrency market once again experienced extreme conditions, with Bitcoin and Ethereum both plummeting significantly. In the last 24 hours, nearly 150,000 people across the network faced liquidation, with the total liquidation amount exceeding $467 million. Countless people lost everything overnight. Many of my friends are typical examples; having made a bit of money with leverage during the bull market, they became overly confident, continuously increasing their positions and leverage. As a result, a round of declines took them all out, wiping out not only their profits but even their principal, leading to a complete collapse of their mindset.

To be honest, having been in the crypto space for so long, I've seen too many people fall victim to contracts. Contracts are essentially high-risk gambles; no matter how high the leverage, it cannot withstand the extreme fluctuations of the market. Especially in a bear market, the market is completely unpredictable, with continuous bad news and significant volatility. Leverage will only amplify the risks infinitely; making money ten times may not compensate for a single liquidation, and ordinary people have no chance of winning. Instead of staring at the market anxiously every day, being led by the nose by the market conditions, it’s better to recognize the reality early: contracts are not investments; they are gambling.

I gave up on short-term trading and contracts a long time ago, turning to truly stable value investing. Now, I put most of my energy and funds into the plasma ecosystem, firmly holding XPL. Plasma is a high-performance public chain focused on the stablecoin ecosystem, offering fast transfers, extremely low fees, and no congestion, effectively addressing the pain points of users' daily use. There’s no need to watch the market, no need to feel anxious, no need to guess price movements; just accompany quality projects as they grow slowly. This sense of stability is something contracts can never provide.

The most important thing in a bear market is not to make quick money, but to survive, protect your principal, and hold onto quality assets. Stay away from contracts, refuse high leverage, and invest your time and money into projects that are genuinely doing the work, have a solid foundation, and a bright future.@Plasma It is indeed a quality choice that can withstand bull and bear markets.$XPL Value will continue to manifest as the ecosystem grows. Cultivating a good mindset in a bear market will naturally yield rewards in a bull market. By staying true to oneself and choosing the right targets, one can go further and more steadily in this market.
#Plasma

#加密市场回调