On January 9th, Yi Lihua, founder of Liquid Capital (formerly LD Capital), wrote, "Most of the time in investing is about waiting. It's not just about being right to buy the dips, but also about having the patience to see the final result. Our secondary team released a research report on SOL on July 26th, 2023, and completed our position building around $20. At that time, we were very optimistic about the SOL ecosystem and that its value was undervalued. However, later, news about FTX OTC shares kept emerging, and we panicked and quickly liquidated our position below $50, perfectly missing out on the subsequent maximum 15x increase."
Investing and trading may seem easy, but the most difficult part is actually getting started, going through the process, and getting the result. It's a huge test of human nature. Aside from those who just talk the talk and cryptocurrency commentators who are always right about whether prices are going up or down, no one can truly know how short-term fluctuations will unfold or how long the waiting period will last.
