PANews reported on April 9th that Spartan Group general partner Jason Choi, while reviewing his investment experience in 2022, stated that he was overly eager to invest $40,000 in Bitcoin using cross margin, and Bitcoin's price subsequently dropped to around $15,000. Although he exited in time to avoid greater losses, this experience made him recognize the importance of market judgment. He mentioned that while he performed well in predicting market tops, he still had shortcomings in determining bottoms and short strategies.
Jason also pointed out that Bitcoin is now more influenced by external factors such as ETFs and macroeconomic conditions, making market trend judgment more complex than before. He reminded investors that "being greedy when others are fearful" needs to be combined with actual circumstances, and one should not blindly follow market sentiment, as rational judgment can bring better investment results.
