#数字资产市场动态 I’ve seen a particularly painful failure case: someone was bullish on Ethereum at $3,200 and decided to buy the dip. As a result, the price kept falling to $1,700. He didn’t set a stop-loss and kept adding to his position as it dropped. In the end, he got liquidated to zero.

What’s even more heartbreaking is what happened afterward: he said he can no longer focus on his job, and a monthly salary of five thousand no longer appeals to him. Behind this is actually a more frightening problem than losing money—the illusion of wealth has completely distorted his mindset.

A friend came to me for advice on turning things around. I suggested he start with $800 to test the waters. And what happened? This month, I caught a rebound in Ethereum at $2,740, and at the high of $3,370, I shorted, making over $20,000. Of course, this is just the beginning.

I have another friend who originally planned to invest 50,000 in the market. I told him: start with 20,000, and let’s see if we can double that principal. He thought 20,000 was too little and believed he couldn’t turn things around. I explained that losses are calculated by percentage, not by absolute amount. Someone who can’t double 20,000 is even more at risk with 50,000 because the psychological pressure is greater.

He didn’t listen and went all in with 50,000 on futures. He started with 5-10x leverage, then gradually increased it, eventually reaching 20x. Guess what? In less than two weeks, his 50,000 capital was down to just over 10,000.

This guy is actually quite sharp in life and good at accounting in business. But once he entered the crypto world, he became a different person. I’ve seen too many examples like this—out of ten people entering crypto, all ten end badly.

I am increasingly convinced of one thing: the crypto market is not a tool for turning things around; it’s a meat grinder for downward social mobility. You must first understand how vicious and brutal it is. Survive first, then make money; make money first, then think about changing your social class.

Those who make big money in this circle, aren’t they all risking their lives? They’ve survived countless liquidations and weathered storms to make it to the end.

So, the crypto world is never short of opportunities. What’s lacking are three things: cognition, a sense of rhythm, and real execution ability. Cognition determines how far you can see; rhythm determines when you act; execution determines how long you can persist. All three are indispensable.