The only purpose of money is to improve your life, not to ruin your health or personal life.

Written by: BowTied Bull

Translated by: Baihua Blockchain

We are entering the late stage of the cycle (personal opinion), which means things are starting to get very crazy. Tokens are skyrocketing by 100 times, people are saying "holding BTC is meaningless," and the trading prices of NFTs have reached absurd valuations.

If this is your first or second time experiencing such a cycle, you might feel a bit out of control. Staring at the screen all day, neglecting friends and family (or worse!). This article will help you manage these emotions and protect some of your gains by avoiding the "Mike Tyson-style punch" that comes from greed.

Mental Health in a Bull Market

Avoid Checking Prices Frequently

The simplest yet time-saving tip is: set price alerts instead of constantly checking prices.

If you are experiencing a bull market for the first time, you might develop the bad habit of checking prices first thing in the morning and right before bed. This habit indicates that you have a price at which you are willing to buy and a price at which you are willing to sell.

Understanding this can save you at least 30 minutes a day. You won’t check prices while working out at the gym, nor will you check prices right after waking up or before going to sleep. You will have a clear range for buying or selling prices.

Since this is the beginning of a crazy period, we suspect most people will set buy alerts rather than sell alerts.

In short, set price alerts for your tokens to avoid frequently checking prices and wasting time.

Research and Work

99.9999999% of people will accumulate all their wealth through their careers. While we focus on WiFi (e-commerce) and other internet-based businesses, the core principle remains unchanged: working hard to build equity in your own career should always be the top priority.

Every week, new tokens are skyrocketing by 100-1000%. Even in 2022 and 2023, if you are still paying attention to this field, you will see this happening. If you find yourself frequently checking prices or browsing memes on X, every second that passes, the value you worked hard to earn (or could have earned) is diminishing!

Instead, carve out a specific time to look for new projects. Your focus can be on DeFi, NFTs, AI agents, or memes; we don’t mind. Everyone’s strategy is different (we will focus on DeFi, NFTs, and possibly RWA if BlackRock starts heavily promoting this narrative).

In short, set aside dedicated time to research cryptocurrencies so you don’t neglect your cash flow machine. When the music stops, you will be one of the few who can buy at a discount.

Avoid Discussing Cryptocurrency with "Ordinary People"

This industry has been around for a decade. The basics are well-known, and the quality of people entering this field now is very low, with many lacking even the most basic knowledge. This is beneficial for your investments but detrimental to your mental health.

Instead of trying to educate them, simply say, "I don’t know much; I just hold a small amount of Bitcoin." This will save you a lot of time. Your logic is: you only hold a little of "the most famous coin," and that’s it.

Now is not the time to persuade others. If someone hasn’t made wealth in this cycle, the floor price will be too high for them, and they will never be able to build a position. This means you don’t need to explain "internet-based currency" to your Uncle Sal anymore. It’s too late for them.

In short, avoid communicating with ordinary people. If they don’t even know the difference between centralized and decentralized, there’s no need to continue the conversation. You can test their knowledge by saying, "I don’t know much; why don’t you tell me about cryptocurrency?" Once you hear misinformation, decisively end the conversation.

Hold "De-risked" Assets

The problem with a bull market is that your net worth multiplies. When you reach or get close to your "target number," you will ask, "Where else can I invest this money?" This question can lead you to hold on, potentially losing life-changing gains on highly valued meme coins.

If you don’t have a plan, you will lose everything. We recommend that most people invest funds into their primary residence. Others may choose to invest in stocks. It depends on the composition of your portfolio.

Just because a meme coin has risen by 1000%, while the S&P 500 only rises by 10% each year, doesn’t mean you should hold 100% in meme coins. If you do, during the inevitable -99.99% crash of meme coins, you are likely to lose everything.

In short, clarify "what this money is for." If you are only looking to make the numbers on the screen bigger, you are likely to fail in this bull market. Be clear about the specific purpose of your funds.

Don’t Neglect Health or Personal Life

I admit I have made this mistake multiple times, but it’s really not worth it. The basic measures listed above will actually help you a lot. If you set price alerts and clarify your de-risking target assets, you will do better than 95% of people (really).

Additionally, we recommend setting aside at least 45 minutes a day for exercise.

Besides that, maintain a normal personal life schedule. This varies from person to person. If you are in your 20s, it usually means going out on Thursday and Saturday nights. If you have a family, it means keeping up with daily arrangements with your kids/wife or other family members.

If you must choose between the two, you can reduce your exercise time by about 25%, but not more. If you go from working out 5 days a week to 4 days, that’s understandable. But if you drop from 5 days to 2 days, you will regret it.

Summary

Everyone’s life situation is different. We don’t care if it’s $50,000 or $50 million that changes your life; the principle is the same. You need a basic system to prevent yourself from going crazy. The above advice may seem simple, but it is very difficult to execute.

Set specific price alerts for the assets you want to buy or sell.

Make sure to hold tightly to your main source of income and continue building your WiFi business. Set aside specific time to research new projects/NFTs, etc.

The only purpose of money is to improve your life; make sure you know what the plan is—house, car, or other specific goals. Don’t forget the meaning of the numbers on the screen.

Don’t ruin your health or personal life. You can be a little obsessed with the bull market frenzy, but sacrificing your health for "possibly earning 10% more" is not worth it. It’s meaningless, and you will pay a heavy price when the next bear market arrives (we don’t plan to ride down with you in a bear market).

The Rules of Fortune

If you are experiencing a bull market for the first time, you are likely to hold on during a 60-80% drop and may even lose money (many people fail due to greed). If you are experiencing it for the second time, you may sell too early due to the trauma (PTSD) from the previous cycle.

Rule 1: Don’t Chase Round Numbers

If you are young, is your goal $1 million? Guess what will happen, you might reach $876,000 or close to that number, and then the market suddenly pulls back sharply.

If your goal is $5 million? You might reach $4,678,923, and then suddenly experience a -70% crash. And so on.

Fortune does not favor round numbers; it’s almost a manifestation of greedy psychology. She will immediately take your wealth away.

Rule 2: Never Tell Others About Your Wealth

If you want to increase your chances of acquiring generational wealth, the goal is to tell everyone you are poor and have nothing. If you have 10 BTC, say you only have 1. If you have 10,000 ETH, say you have 100. And so on.

If you shout on TikTok, "I told you so!!!" because a certain token has risen 5 times, we can guarantee you will lose everything in the bear market, or even more.

Except for celebrities or professional athletes, fortune only bestows great wealth upon those who remain low-key. Who is Aron Landy? That’s right, most people have to look up that name.

Rule 3: Be Happy for Anyone Who Succeeds

The vast majority of people are jealous. If you are right 95 times out of 100, they will constantly emphasize the 5 times you were wrong, without realizing that this only proves how high your accuracy rate is. If mistakes are rare, it means they are not the norm.

If someone makes 10 times on a meme coin, cheer for them. If an NFT makes 2-3 times, do the same. Jealousy or envy brings no benefits; it only diminishes your luck.

Fortune always rewards the winners. If you don’t need something, you will get more. If you are always jealous or resentful of others, your luck is likely to shift to them.

Rule 4: Sell When Ego Inflates

You may have mentioned cryptocurrency to a few people and received strange looks, and you’ve tried to explain it to them countless times. Even if some people have a slight understanding and hold a small amount (like 2 BTC), they may think you are crazy because they just jokingly bought a little and don’t really understand (otherwise they would be as crazy as you).

If your parents and friends—those who once mocked you—start saying, "You were right," it’s time to sell.

Fortune does not reward those who do not respect money.

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