#流动性与市场状况 Looking back at the many market fluctuations I've experienced throughout my investment career, Michael Saylor's words truly resonate with me. The market is always cyclical, and every major downturn feels like a test of investors' patience and conviction. I still remember the bleak situation during the 2018 bear market—many people lost confidence and exited, but those who persevered were ultimately rewarded in the bull market.

Saylor mentioned that he would only consider selling Bitcoin if it dropped below $10,000, and such unwavering conviction is admirable. However, as an experienced investor who has been through multiple cycles, I believe that being overly stubborn also carries risks. Market conditions can change rapidly, and sometimes it is wise to adjust your strategy accordingly.

The key is to objectively analyze the fundamentals of projects and the macro environment, rather than being blindly optimistic or pessimistic. The current market volatility is indeed unsettling, but from a historical perspective, this could be a good time to accumulate positions. Of course, this requires enough patience and risk tolerance.

Overall, Saylor's encouragement is commendable. It's especially important to remain calm and rational during times like this—not to be easily swayed by panic, nor to be blindly optimistic about the future. By patiently observing and rationally analyzing, you can seize opportunities throughout market cycles.