Many people view market volatility as an enemy, but the real risk is actually permanent loss. Interestingly, those who are afraid of fluctuations often end up missing out on market gains.

Ultimately, the fear of volatility is essentially a fear of one's own emotions. They crave "stable returns," so they are easily deceived by scammers promising principal protection and high yields, losing their hard-earned money; they get restless when their accounts drop a few points, eventually selling at the bottom and chasing highs at the top, using the phrase "the crypto world is just a casino" to justify their impulsiveness.

On the other hand, sharp fluctuations are precisely the source of excess returns for smart investors. When most people are driven by panic, you have the opportunity to buy quality assets at a discount; when they are blinded by greed, you can sell at a high price. The more intense the volatility, the more obvious the mispricing created by market sentiment, leaving greater hunting opportunities for rational investors.

But there's a prerequisite— you need to stockpile enough cash reserves in advance and have a clear judgment of the project's value. Otherwise, volatility will just turn around and bite you.