Crypto KOL Community & Market Trends

Got hit—I'm already reflecting. In this crypto circle, I’ve lived through Luna, lived through FTX, and lived through countless needle-pinch events; this time, it’s like it got knocked out in the US stock market. Last night I saw 0xLeaf’s post, and I felt a lot from it.

US AI giants are “playing the victim,” and the crypto market could become an unexpected winner

Last night’s earnings reports—two extremes.

After-hours, Microsoft surged by over 8%; Meta slid by nearly 7% after hours.

Same night, same track, completely opposite scripts.

You think it’s the earnings gap?

No—what’s missing is one action.

Microsoft: Q4 revenue $90 billion, beating expectations; net profit $35.77B, up 31% year over year; Azure cloud revenue grew 43%.

Then what? It proactively cut capital expenditures for fiscal 2027 from $190 billion to $175 billion.

It jumped straight up by 8% after hours.

Meta: Q2 revenue $60.8 billion, a record high; up 28% year over year.

Then what? It raised the full-year capital expenditure floor from $125 billion to $130 billion.

Free cash flow fell from $8.55 billion from the same period last year to just $784 million.

It crashed straight down by 7% after hours.

Got it?

Now, in the US AI stock space, it’s not about who makes more money—it’s about who spends less.

Spend less—go up. Spend more—go down.

The logic is that simple, and that brutal.

Over the past two weeks: Google increased spending—stocks plunged. Tesla burned cash—stocks plunged. Meta increased spending—stocks plunged.

Only Microsoft—the first giant to cut spending proactively—became the lone survivor.

The whole market is sending a signal: the “endless money-burning” narrative for AI is over.

But what does this have to do with the crypto market?

It has a lot to do with it.

Imagine you’re a hedge fund manager at Wall Street.

You manage tens of billions of dollars. Previously, you could just buy the seven giants with your eyes closed—AI stories are sexy, and earnings certainty is strong.

What about now?

After the rally, Google fell; after Tesla fell, Meta fell too; and then you don’t know whether Amazon will fall next.

Going all-in on a single stock? The risk is insanely high.

Even if you diversify, the whole sector is under pressure—capital expenditures, the “sword of Damocles,” is hanging over every company’s head.

You need to find an asset that isn’t affected by “capital expenditure blowouts.”

Guess what it is?

Bitcoin.

Is there a bearish catalyst for next quarter’s capital expenditure surge for Bitcoin? No.

Will Bitcoin crash because AI investment compresses profits? It won’t.

In crypto, there’s only one logic: liquidity and sentiment—simple, pure, and it doesn’t pull the “guidance-changing face” tricks on you.

This scene is painfully familiar.

In 2020, tech stocks churned at highs, and capital looked for an alternative high-beta outlet—Grayscale trust premium surged, and institutional money flowed into Bitcoin.

In 2026, AI giants are “cannibalizing” each other collectively, and the capital expenditure race has no end in sight—history is repeating.

There’s already data backing this trend.

The report title from New Huo Research Institute is blunt enough to be scary: “Money is leaving AI and flooding into crypto.”

The Philadelphia Semiconductor Index has pulled back more than 20% from its June peak and has officially entered a technical bear market. The crypto market is going through a passive capital diversion.

So the next move is simple:

Watch two signals.

First: whether BTC’s market share has peaked.

BTC dominance is currently holding around 55%. If AI capital starts to spill over, Bitcoin’s market share may first surge—institutions’ first stop is always BTC, with the best liquidity and the safest footing.

Then what?

Second: whether the ETH/BTC exchange rate stabilizes.

The ETH/BTC exchange rate just hit a three-month high the past two days. If this ratio holds steady—even continues higher—that’s the “green light” signal for alt-season to start.

The script is written like this: institutional capital buys BTC first as a base, then risk appetite rises and starts spreading into higher-quality altcoins.

That’s how the story goes.

This earnings season, US stocks are “playing the victim”—crypto could become the biggest winner.

When Wall Street money realizes that the AI sector is no longer a “guaranteed win” safe haven, the crypto narrative that is “not affected by capital expenditures” will become increasingly attractive.

Microsoft set the tone—but with only one company cutting spending, it can’t save the whole sector.

Capital will always look for an exit.

Where do you think it will flow?

Let’s chat—this AI earnings storm: do you buy the dip in tech stocks, or add more to crypto? #美联储维持利率不变 #USD1持币生息最高8% #三星电子涨4.5%领涨韩股 $MSFT $METAG $BTC

US stocks dropped 2%, but crypto still finished higher: the market is telling Waller—your “hawk” doesn’t work anymore

Last night, the Federal Reserve put on a “divided play” for the whole world.

9 votes to hold the interest rate steady, 3 votes to raise—this was the first time since 2016 that three hawkish votes aligned in the same direction.

Hamack, Cleveland Fed; Kashkari, Minneapolis Fed; and Logan, Dallas Fed—these three teamed up and voted for a rate hike.

A quarter of the voters demanded an immediate hike.

What about Waller? On the surface, he’s more hawkish than anyone.

“This isn’t a pause; it’s the beginning of policy adjustments.”
“Necessary and appropriate measures will be applied without hesitation when time comes to raise rates.”
“The inflation problem can’t be solved within nine weeks.”

Translation: I know what I should do, but I just won’t do it.

Then the market reaction was精彩.

The Dow plunged 1,153 points, down 2.19%, marking the biggest one-day drop in 15 months. The Nasdaq suffered a sixth straight decline and entered a pullback zone. The Philadelphia Semiconductor Index crashed 5.33%. Nvidia fell more than 3%, and Tesla slid nearly 3%.

Stocks were in full lament.

But what about crypto?

Bitcoin held above $64,000. Gold surged straight through $4,100.

The more hawkish Waller gets, the more US stocks fall. But Bitcoin and gold actually rose.

Abnormal? Too abnormal.

The normal logic goes: hawkish signals = stronger dollar = pressure on risk assets. Gold and Bitcoin—these “non-yielding assets”—should be bled.

But last night, it was exactly the opposite.

The dollar didn’t rise. After US Treasury yields spiked higher, they retreated. Money didn’t run into the dollar—it ran into gold and crypto.

Independent precious-metals trader Tai Wong nailed this contradiction: “Although Chair Waller’s overall tone is quite hawkish, precious metals are leading a round of asset rebound.”

This isn’t a flight to safety. This is rotation.

The market is voting with its feet—casting a vote of no confidence in Waller’s “talk-hawk.”

You say you’re hawkish? Fine—then hike. You won’t.
You say you want to fight inflation? Inflation is already at 4.1%, yet you’re still “holding steady.”
You say “this is just the beginning”? The market has heard this nonsense for five years.

Too much talk, not enough trust.

Institutions aren’t stupid. They’ve figured it out—Waller is playing “hawkish language games”: hike in words, stall in actions.

So what to do? Rotate assets.

Move out of the US stocks that have been repeatedly harvested by policy, and into gold and Bitcoin that aren’t directly controlled by the central bank.

Crypto is migrating from “risk assets” to an alternative asset that resists uncertainty in monetary policy.

Gold at $4,100 and recovering crypto—two sides of the same coin.

Tonight at 8:30, PCE is the real exam.

The market expects June core PCE to rise 3.30% year over year, down from last month’s 3.40%.

If the data comes in below expectations—immediacy of a rate hike declines, “bad news is already priced in,” and crypto and gold could keep charging higher.

If the data beats expectations—the confirmation of rate hikes, the probability of a September hike could jump from the current 63% straight to the top.

Last time CPI beat expectations, crypto didn’t really fall either.

Because the market already doesn’t believe the Fed’s “hawk” anymore.

You’ve been hard-mouthed for five years and acted zero times. Who would still take your threats seriously?

So my take tonight is:

Whether PCE is good or bad, its impact on crypto will be smaller than on US stocks.

Because money has already told Waller with cash and real results—

Your “hawk” doesn’t work anymore. #美联储维持利率不变 #USD1持币生息最高8% #三星电子涨4.5%领涨韩股 $BTC $ETH $XAU

The moves by the US and Iran over the past few days can be seen as both sides collecting chips for negotiations, but there’s also the possibility that they could suddenly turn it into a fight while collecting chips—that would be playing it too far. Most of the remaining “shoes” that needed to drop have already dropped; then all that’s left is to let time take care of it. The good news is that in July, you can at most lose for another two days.

Good news: Today’s South Korean stock market doesn’t seem like it’s going to trigger a circuit breaker on a drop 😂.

If your understanding can’t keep up with your wealth, your funds will flow into these companies: Hynix, Samsung, Micron, SanDisk…

Everyone, hang on for two more days.
I’m practicing swordsmanship.
If nothing unexpected happens,
it won’t be hot anymore in a few days.

Recently, I participated in $AEON ’s CandyDrop campaign on Gate. After trying it out, I found it quite interesting—it’s like a small benefit you can finish easily.

The operation is actually very simple: open the Gate App, find CandyDrop in the Wealth Management section, tap in to participate. There’s no need for complicated staking—just complete your daily spot trades, or invite a friend, and you can claim the candies.

Federal Reserve Chair: No discussion—wrestling over the 2% inflation target!
But it doesn’t necessarily mean rate hikes; it can also be done by influencing expectations, increasing commodity supply, controlling government spending, increasing energy supply, cooling down the real estate market, and more.

⏳ Time waits for no one, and opportunities won’t stay put. The high-yield USDC staking campaign on SL8 is entering the countdown, and the current reward eligibility won’t remain open indefinitely. After the campaign ends, new participants may no longer be able to enjoy the current reward mechanism. Those who truly seize the opportunity are often not the ones who keep waiting for the “best moment,” but the ones who make a decision before the window closes. If your USDC

Every milestone represents another step forward for the LITHO ecosystem. The Makalu Testnet has now produced over 10 million blocks and processed more than 8 million transactions while maintaining block times of approximately one second. Activity also continues to grow across

$XRP to $12 ? 🚨🔥

Since its 2018 peak, $XRP has spent nearly 8 years compressing inside a massive structure.

The similarities to the previous cycle are hard to ignore:

2017: XRP rallied from around $0.005 to over $3 a gain of more than 60,000%.

Now the chart is showing:
• 3 major lower highs (2018, 2021, 2024)
• 4 higher lows building long-term support
• Years of declining volatility
• A potential false breakdown already completed
• A bull flag forming near the apex
Markets don't repeat exactly...
But they often rhyme.

If this fractal plays out again, we're approaching the point where volatility expansion usually begins.

Will history rhyme one more time, or is this cycle different?

Have you noticed what $NEAR ‌ is doing around this level? 👀

After a long pullback, NEAR is holding an important support zone, and buyers are starting to show up again. If this momentum keeps building, the next resistance levels could come into play.

Trade Setup:

Entry: 1.590 to 1.600

TP1: 1.630

TP2: 1.660

TP3: 1.700

SL: 1.565

Wait for confirmation before taking any trade and always manage your risk properly.

#GateCardUpTo8%Cashback #NFTSectorSurgesOver8%

We’ve known for a long time that this J8’s TCC is not good stuff. It can pull off all kinds of maneuvers that leave people completely baffled—what a great hand, and yet it gets played so badly.

Keeping everything in one place definitely makes crypto easier to manage

SNDK at $1,030—are you brave enough to bottom-fish?

First, look at the surface: a river of blood, bodies everywhere.

On July 28, the regular stock closed at 1,096, a plunge of 14.25%. From the historical high of 2,354 on June 22, it has fallen—more than halved within a month. The drop in the month has exceeded 50%, making it one of the weakest stocks in the US semiconductor sector.

The Philadelphia Semiconductor Index crashed as well. Micron fell from 1,255 to 820, a 35% pullback; Intel fell from 142 to 86, down 40%. The whole sector is deleveraging—SNDK is simply the one that got hit the hardest.

First thing: China’s chip listing—SNDK got mistakenly caught in the crossfire.

On July 27, ChangXin Memory (CXMT) listed on the SSE, surging 466% on the first day.

The market went out of its mind—“Chinese memory chips are here; US suppliers are finished!”

But take a closer look: CXMT’s main business is DRAM, while SNDK is a pure NAND flash company. The two have no direct product competition at all.

A DRAM-focused listed company can crush SNDK, which makes NAND, down 17%. It’s like Coke’s stock collapsing because Pepsi launched a new product—there’s basically no connection, but the market still smashes first and asks questions later.

Second thing: the “wolves are coming” story around AI capital expenditures.

The deeper logic behind this selloff is that the market has started questioning whether AI hardware capex is sustainable.

Nvidia, Micron, AMD, and Intel all fell across the board. Before the Fed’s July meeting, the market’s expectations for rate hikes rose to nearly 40%. The Bank of Korea announced a rate hike on July 16, and foreign capital has continued to flow out of the chip sector.

SNDK just signed multiple multi-year supply agreements, including with Meta and other hyperscalers. The contract value is in the 40-billion-plus range. The company plans to increase capital expenditures by about 50% in 2026—at least $31 billion.

Third thing: 332-layer 3D NAND—technically, the technical picture is undergoing a qualitative change.

In early July, SNDK and Kioxia officially released the 10th-generation BiCS10 3D NAND flash memory—332-layer stacked, with storage density up 59% and performance up 33%.

This isn’t just minor iteration. This is a generational leap.

Demand for high-capacity, high-performance flash for AI training and inference is growing explosively.

A company whose revenue doubled, with a 78% gross margin, and just released next-generation technology—its stock fell from 2,350 to 1,030. Do you think that’s reasonable?

Fourth thing: analysts are ripping it apart—and someone is quietly bottom-fishing.

Wall Street’s target prices for SNDK show an astonishing gap of $1,430.

Among 23 analysts, the average target price is $2,188, with the highest at $3,250 and the lowest at $1,000. Susquehanna cut its target price from $3,250 to $3,050, but still kept a “Buy,” implying about 80% upside from the current share price. Citigroup reiterated a $2,500 target and a “Buy” rating.

One side calls for $1,000, the other calls for $3,250— the bigger the disagreement, the bigger the opportunity.

Someone opened a short at 1,457 and is up 1,379% on paper. Someone near 1,030 is going all-in on aggressive bottom-fishing.

Key levels

Resistance overhead: 1,100-1,150 → 1,200-1,300 → 1,500+

Support below: 1,000-1,050 (psychological level) → 900-950 → 800

Bulls vs bears—you decide

On one side:

Q3 earnings far exceeded expectations: revenue +251%, data center +233%

More than $40 billion in multi-year supply agreements locked in

Extremely strong outlook for Q4 earnings on August 5—EPS could surge by 100x

After-hours, the storage sector has already shown signs of stabilization

23 analysts’ average target price is $2,188—potential to roughly double

On the other side:

Down 53% from the highs; the trend has broken down

Semiconductor sector deleveraging across the board, with continuous capital outflows

Nvidia’s $750 billion financing model raises doubts about the sustainability of AI demand

If tonight’s FOMC is hawkish, tech stocks get bloodbathed again

Morningstar gives a “very high” uncertainty rating

The biggest variable today: the Fed’s FOMC decision

Tonight (July 29, 2:00 PM ET), the Fed will release its interest rate decision. Current rates are 3.50-3.75%. Mainstream expectations are unchanged, but the market has already priced in a nearly 40% probability of a rate hike.

More dovish → SNDK violent rebound; more hawkish → another test of 1,000.

Tonight’s FOMC determines whether 1,030 is a bottom—or just mid-slope.

For short-term traders:

Wait for a pullback to 1,000-1,030, enter long with light positions; stop-loss at 980; take profits in batches at 1,100-1,150.

For swing traders:

If 1,000 holds and the stock stands firmly above 1,150 with volume, add on the right side and target 1,300+. If it breaks below 1,000, switch to a defensive posture or take a light short toward 900-950.

For long-term believers:

Treat SNDK as a “core position asset for AI storage” for allocation. Q3 revenue was $5.95 billion, gross margin 78%, 332-layer NAND has just been released, and long-term contracts with major customers like Meta are locked in—fundamentals haven’t collapsed; what’s breaking is sentiment. Build positions in batches below 1,000, targeting 1,500-2,000+.

SNDK right now is like NVDA in 2022—

99% of people think the “AI bubble has burst,” and yet the stock still went from 140 to 1,000.

At this 1,030 level— is it a gold pit or a meat grinder?

The answer isn’t in the candlesticks; it’s in the earnings report on August 5.

What’s your SNDK cost basis?

At this 1,030 level—are you brave enough to bottom-fish? #USD1持币生息最高8% #GateCard消费返现最高8% #SK海力士财报不佳盘后下跌 $BTC $SNDK $NVDA

Crude oil at $85—dare you chase it?

First look at the surface: geopolitics sparks it, followed by a violent rebound.

Today, WTI crude surged nearly 7% to $84.69. After the joint US-Saudi strikes on Iraqi militia groups, the market’s concerns about escalating Middle East tensions and potential crude supply disruptions intensified. And just yesterday, oil was still plunging 4% to close at $79.26. The high-low spread over two days is more than $10, and volatility has exploded. The candlestick chart tells you: after a sustained decline from the $93.92 peak, it tested as low as 77.145; after a short-term oversold stretch, it has entered a violent rebound. The geopolitics premium is being repriced—either push to $90 or fall back to $78, with no middle option.

First: The US-Iran conflict is heating up, but the market hasn’t fully priced it yet.

On July 29, the US and Saudi Arabia jointly struck Iraqi militia groups. Iran fired missiles at US military bases. Traffic through the Strait of Hormuz has fallen sharply, basically back to early-March levels. Saudi crude exports have been forced to detour via the Suez Canal, with both transport time and costs spiking.

Thirty percent of the world’s seaborne oil passes through the Strait of Hormuz. If this throat is constricted, it’s not a question of whether oil prices will rise—it’s a question of how much.

Second: Tonight’s FOMC—possibly the biggest “enemy” or “friend” for oil prices.

At 2:00 PM US Eastern Time, the Federal Reserve will release its interest-rate decision. The market is pricing a 70.6% chance of holding rates steady and a 29.4% chance of a rate hike. The baseline expectation is for rates to remain unchanged at 3.50%-3.75%.

But here’s the issue—oil prices themselves are a driver of inflation. If crude rises and inflation doesn’t come down, the Fed won’t dare cut rates, and it may even hike. CME FedWatch shows that rising oil prices mean the futures market has increasingly priced in the possibility of a rate hike at this meeting.

Third: OPEC+ is about to stop—tightening is underway on the supply side.

After OPEC+ plans its final production increase in September (about 188k barrels per day), it will pause any further production increases starting in October, maintaining output through the end of 2026. The 1.65 million barrels per day voluntary production cut agreement is set to end, and production quotas have been fully restored.

They’ve been increasing production for the past few months—September is the last wave.

Starting October, there will be no more increases—supply-side “brakes” are applied.

Where the Middle East conflict goes will determine future quotas.

Fourth: Inventories are being “drained”—a neglected ticking time bomb.

Global oil inventories are being consumed at nearly 4 million barrels per day. US commercial crude inventories plus SPR have fallen to the lowest level since 1984, and the SPR has dropped to a level not seen since 1983—around 308 million barrels.

As inventories are pulled further away, the buffer cushion the US can use to handle future supply shocks will shrink sharply, increasing the fragility of the global crude oil market.

Bull vs bear—you decide

One side is:

Escalation in the US-Iran conflict, with traffic through the Strait of Hormuz disrupted

Global inventories being consumed at 4 million barrels per day, and SPR hitting a 40-year low

OPEC+ pausing production increases starting October, tightening the supply side

Oil violently rebounding from 77 to 85—the trend has turned bullish

The other side is:

If tonight’s FOMC turns hawkish, rate-hike expectations will pressure oil prices

The geopolitics risk premium can disappear quickly (oil fell 4% yesterday, up 7% today)

There are large trapped positions near $93

If the US-Iran conflict pauses, oil could instantly crash back to $75-78

Key levels

Resistance overhead: 87 → 90 (key psychological level) → 92-95

Support below: 80-82 → 78-80 → 75-77

For short-term players:

After the decision, if it turns dovish and oil holds above 82, you can cautiously try going long with a small position, targeting 87-90 and placing a stop loss below 80. If it turns hawkish and oil plunges, wait for 78-80 to stabilize before deciding.

For swing players:

If oil stands firm at 87-90 on high volume, chase the long on the right side, targeting 92-95. If it effectively breaks below 80 on heavy volume, flip short and look for 75-78.

Risk warning:

Crude oil perpetual volatility is extremely high—daily moves of 10%+ are normal. Geopolitical news can erupt in the middle of the night—don’t go heavy on positions over the night. Around tonight’s FOMC, volatility will explode.

Crude oil right now is like the start of the 2022 Russia-Ukraine war—

99% of people think “the geopolitics premium is already fully priced,” and the result is oil surged from 90 to 120.

What’s your crude cost?

At this $85 level—dare you chase it? #USD1持币生息最高8% #GateCard消费返现最高8% #长鑫开盘跌7.7% $BTC $BZ $CL

Tonight’s Federal Reserve rate decision is at midnight today.
The two options are whether to raise rates or keep them unchanged.

The market says this is the hardest to predict because the July conflict between the US and Iran has pushed up oil prices, which might cause the Fed to suddenly raise rates to curb inflation.

Let me say one thing: they won’t raise rates—keep them unchanged.
This matches expectations: keep the interest rate unchanged.

But in the dot plot, if there are several votes for a rate hike, then expectations for a September hike will rise again—this is a bearish signal. If they unanimously keep rates unchanged with no hike votes, then that’s a bullish signal, and it’s a good opportunity to buy on the dips.

Also, Powell’s 2:30 remarks may show a hawkish tone, because last month’s inflation just came down and the unexpectedly strong nonfarm payroll data surprised on the upside; this month, oil prices may have broken that trend.

He’s strongly opposed to high inflation, so he’ll likely speak in a way that aims to bring inflation down.

But although Powell looks hawkish, in reality he’s only hawkish in words.
He won’t raise rates—the more fiercely he talks, the lower the actual probability of a rate hike.

Originally, Trump recommended him for the job to cut rates in order to drive economic growth and support a long bull run in US stocks.
But with rates cut now, inflation won’t stay down and could run out of control, causing US Treasuries to surge in yields—this would instead crush the stock market and the broader economy.

To secure his position and stance, Powell certainly has to say the toughest things out loud to steady the situation.

As long as oil prices stabilize and inflation stays from getting out of control, rate hikes will always remain just talk—and even after a period of stability, they may cut rates again.

So for now, just like in the 10–11 months of 2022, don’t get scared at the very end and hand over your chips.

The following negative news is just appearances—these are like fake falls. The traps created by this kind of talk usually turn into excellent left-side buying opportunities.

【Pure personal viewpoint sharing, for reference only】

Tonight’s Federal Reserve interest rate decision will be held at midnight.
Whether it will raise rates or keep them unchanged are the two options tonight.
The market says this is the hardest to predict this time because the July conflict between Iran and the U.S. has pushed oil prices up, which may lead the Federal Reserve to suddenly raise rates in order to bring inflation down.
I’ll say it in one sentence: it will not raise rates—rates will be kept unchanged.
Keeping rates unchanged as expected means no rate increase.

At the same time, Powell’s 2:30 a.m. speech may also turn out to be hawkish, because last month’s inflation just came down and the surprise non-farm payroll data, and this month it has been thrown off again by oil prices.
He strongly opposes high inflation, so he will talk tough to lower it.
But although Powell looks hawkish, in reality he’s only hawkish in his wording.
He won’t raise rates—the more aggressively he calls for it, the lower the actual probability of a rate hike.
Originally, Trump recommended him for the job because he wanted rate cuts to boost economic growth and keep the U.S. stock market in a long bull run.
But with inflation that can’t be brought down, cutting rates now would let inflation run out of control—U.S. Treasury yields would surge—and that would end up crushing the stock market and the economy.
To secure his position and stance, Powell definitely has to say the hardest things out loud to stabilize the situation.
As long as oil prices stabilize, inflation stays at the current level without getting out of control, rate hikes will always remain only talk—and even after a period of stability, there could be rate cuts again.
Therefore, at this moment, as important as it was in the October to November period of 2022, don’t let yourself be scared out of your chips at the very end.
The following negative news is just a facade—just a fake drop. The pits dug up by this kind of talk are often excellent left-side buy points.
【Pure personal opinion for reference only】

No wonder they’re Koreans—everyone goes all-in, even borrows to trade stocks: 1.2 million Korean retail investors lose 56 trillion won in leveraged ETFs

Korean people’s tweets right now are like:
1. Something happened at the company—one minister was forced to liquidate. While screaming that their life is over, they cried in the company hallway. They said the loan money is all gone; they have no money left.
2. All the retirement money has been wiped out. What should I do? I’m already having a hard time, but there are people even more miserable than me all over the company.
2. Someone said we should go to the rooftop; so we blocked all the roads.
3. Every day we’re getting liquidated. Can’t afford a Seoul house, so we can only invest in KOSPI.
4. The money for a house they saved over years vanished overnight—leaving only debt. They don’t dare tell their family. They wanted to save 10 years of work, but now they have to work 10 more years.