By the end of 2008, someone was only a few weeks away from bankruptcy. This is not sensationalism; it's the truth.



At that time, Tesla and SpaceX's accounts were nearly drained, both companies were on the brink of death. Traditional media branded him a "big scammer," and Tesla became a laughingstock. Divorced, sleeping in factories, three consecutive rocket explosions, Model 3 production falling into hell... all the bad things in life seemed to hit at once.

But he didn't fall.

Suddenly, NASA's astronomical contracts appeared, and financing came as promised. In that famous photo, his eyes were bloodshot, yet he was still staring at the screen. Look carefully—what can you notice? That's not a motivational quote; those are the last few bullets, the "basic functions" maintained even in despair.

This is the difference: most people see a dead end as just a dead end, while a few see it as "the last wave before liquidation."

The same applies in the crypto world. Prices are halved, communities are full of FUD, and you think you're holding trash. But from another perspective? Maybe what you're holding is your ticket to the next cycle. The difference lies in mindset—some see retracements as signals to reset, others see them as opportunities to build positions.

Candlestick charts never lie; they deceive those who don't understand them. Investors who remain calm and analyze during times of neglect ultimately become winners. It's not luck; it's that they didn't extinguish that light when under the greatest pressure.

Elon Musk once said, "If you're in hell, keep going." In crypto language, that means—storytelling is still ongoing, don't lose faith.

The market always rewards those kinds of people.

(Risk warning: Cryptocurrency markets are highly volatile. This article is for discussion purposes only and does not constitute investment advice. Invest cautiously.)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 8
  • Repost
  • Share
Comment
0/400
SigmaValidatorvip
· 11h ago
Really, the mindset during the downturn is the watershed, most people can't endure those few weeks.
View OriginalReply0
VitalikFanAccountvip
· 01-17 08:03
True resilience is to die and then be reborn; this is the self-cultivation of a winner. --- Those who dare to add positions in a bear market are now all smiling. --- Mindset determines everything; unfortunately, most people can't endure that dark period. --- Honestly, if the 2008 wave had failed, there would be no today, and the same applies to the crypto world. --- When FUD is everywhere, it's actually an opportunity—it's all about who dares to act. --- In front of the candlestick chart, everyone is equal; what differs is that belief. --- How many have mistaken the bottom for a grave—such a pity. --- Continuing to walk through hell sounds easy, but actually doing it is deadly. --- Those who still focus on fundamentals during this decline will truly win.
View OriginalReply0
GraphGuruvip
· 01-17 08:03
Well said, if you don't choose the bottom, just wait to regret it.
View OriginalReply0
HodlTheDoorvip
· 01-17 08:02
Really, the trough is the true test, those who wavered have already been washed out.
View OriginalReply0
Layer3Dreamervip
· 01-17 08:02
theoretically speaking, if we model the state transitions during market capitulation as recursive SNARKs verifying investor conviction... the beauty here is that drawdowns are just zero-knowledge proofs of who actually understands the underlying architecture vs who's just chasing narratives. the cross-rollup dynamics of conviction? that's where winners emerge fr
Reply0
Web3Educatorvip
· 01-17 07:57
ngl the "keep walking through hell" part hits different when you actually understand market cycles — let me break this down for my students: panic selling IS the enemy, not volatility itself
Reply0
BearWhisperGodvip
· 01-17 07:55
A trough is not the end; it is the ticket to the next starting point. Those who endured 2008 understand.
View OriginalReply0
Degen4Breakfastvip
· 01-17 07:49
Dead end turns green light, mindset is the watershed, very true.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)