"This time, I absolutely bottomed out!" I said through gritted teeth.
At 0.45, I rushed in. At 0.40, I told myself this was a golden pit, and kept adding. When it hit 0.30, I thought the market was crazy and went all in. By 0.20, unrealized losses had already kept me from sleeping well at night, but looking at those numbers, my hand still involuntarily pressed the buy button once more.
Then came 0.148. The numbers on the screen never moved again.
My account was like a broken sieve, money kept leaking out. I kept topping up until it was completely drained. Looking back at that K-line, it was not an opportunity at all, but an invisible hand gradually taking all my chips out of my pocket.
The most expensive lesson is called "I thought this was the bottom."
We all fell into this trap: watching assets evaporate, repeatedly self-hypnotizing "just one more top-up to break even," only to sink deeper. Behind this is actually a kind of panic—using continuous investment to suppress the fear of misjudgment.
But reality is cruel: in a pure speculative wave, there is no such thing as cost averaging, only risk stacking. Once the trend takes shape, any contrarian "faith recharge" is just adding fuel to the fire during a decline.
This leads to a deeper question: if part of our asset allocation includes assets that don't require us to guess "where the bottom is," whose value is always clear, stable, and certain, would our decisions be calmer, and would our mindset be much more at ease?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
4
Repost
Share
Comment
0/400
StealthDeployer
· 7h ago
Haha, this is my blood, sweat, and tears story. I went from 0.45 all the way down to 0.148. Now all that's left are regrets and an empty account.
View OriginalReply0
SigmaValidator
· 7h ago
0.45 Jumping in now, you should know the outcome. Why deceive yourself and try to average down? That's the gambler's mentality.
Someone going all-in on one shot is destined to lose everything. Don't blame the market's cruelty; it's your greed.
The most ridiculous thing is still trying to average down the cost and lower the holding price... Wake up, brother, that's not a strategy, it's suicide.
I've seen too many people do this—chasing highs, adding positions, going bankrupt—stories that are just copy-paste.
Bottom? Ha, no one really knows where the bottom is, so don't gamble.
View OriginalReply0
ForumMiningMaster
· 7h ago
0.45 bottoming out, 0.20 all in, finally 0.148, what the heck... I lost money like this too, really
The idea of averaging down is just self-deception; during a decline, you should cut losses even more
This is the most genuine onboarding tutorial, more useful than any technical analysis
Once the trend reverses, don't stubbornly hold on; adding more is just giving it away
Now I only dare to hold some stable assets, and my mindset is indeed much more solid
Burning to 0.148 was truly desperate...
View OriginalReply0
GasFeeCrier
· 7h ago
It's that same "cost averaging" curse again... Really, how many people have been ruined by this?
"This time, I absolutely bottomed out!" I said through gritted teeth.
At 0.45, I rushed in. At 0.40, I told myself this was a golden pit, and kept adding. When it hit 0.30, I thought the market was crazy and went all in. By 0.20, unrealized losses had already kept me from sleeping well at night, but looking at those numbers, my hand still involuntarily pressed the buy button once more.
Then came 0.148. The numbers on the screen never moved again.
My account was like a broken sieve, money kept leaking out. I kept topping up until it was completely drained. Looking back at that K-line, it was not an opportunity at all, but an invisible hand gradually taking all my chips out of my pocket.
The most expensive lesson is called "I thought this was the bottom."
We all fell into this trap: watching assets evaporate, repeatedly self-hypnotizing "just one more top-up to break even," only to sink deeper. Behind this is actually a kind of panic—using continuous investment to suppress the fear of misjudgment.
But reality is cruel: in a pure speculative wave, there is no such thing as cost averaging, only risk stacking. Once the trend takes shape, any contrarian "faith recharge" is just adding fuel to the fire during a decline.
This leads to a deeper question: if part of our asset allocation includes assets that don't require us to guess "where the bottom is," whose value is always clear, stable, and certain, would our decisions be calmer, and would our mindset be much more at ease?