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GCR, who gained fame by shorting LUNA, posted to encourage the community to persist in holding spot positions and not surrender.

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GCR, who gained fame by shorting LUNA, posted to encourage the community to persist in holding spot positions and not surrender.

GCR, who gained fame by shorting LUNA, made its first post in a year, warming the hearts of the community after the weekend's crypto bloodbath. GCR stated that now is a good time to add to trusted tokens; but if you are already fully loaded, stick to your spot positions and don't surrender. Because fair wealth comes from leveraged traders being forced to turn to wealthy spot buyers.

TechFlow also compiled GCR's core advice on crypto investments over the years, here is a summarized excerpt.

Table of Contents

To Hold or to Trade?

If you have a long-term belief in BTC and ETH, simply holding may outperform trading as they tend to appreciate over time, printing more money along the way, and ETH reaching a price of $10,000 is something that could happen sooner rather than later.

The biggest advantage of meme coins is "never delivering"

For Dogecoin (DOGE), the most optimistic scenario is that Twitter has now been renamed to X and will never actually integrate it into anything. It will be the object Musk uses to joke, hint, mock, puzzle, and play around with, letting people's imaginations run wild, but never delivering.

The authenticity of crypto news is less important than the duration of its impact

When news affects prices, market participants often focus on its veracity. But many times, the truth of the headline is not as crucial as the market's reaction to the news and the duration of its impact.

Early gains, but then slow down

We observe the trading principle of meme coin surges: In the altcoin cycle, you should increase your consideration of risk when the trend first reverses and gradually protect your capital over time. People fail because they do the exact opposite.

Survival of the Fittest

Imagine the Ponzi scheme as a professional boxer fighting for bonuses, where the winner takes home the prize, and the loser walks away with nothing. However, peopleoften make decisions like this: when one investment performs well, they sell it, but when another investment underperforms, they add more to it.

Don't be influenced by others making big money, realizing profits is what matters

Wealth is only realized when it is actually cashed out. When trading volume exceeds market capitalization, it often signals the final stage of a price surge. Additionally, do not let news of others making big money affect your own trading psychology.