This passage from "Heaven's Way" is worth studying repeatedly. The violence in the crypto market does not arise from production or business operations, but from the speculative nature of the market itself.

Its driving force is to transfer the money from your pocket into theirs. The rule is that the meat of the majority of sheep is fed into the mouths of a very few wolves. People always think they can make money in the crypto market by understanding K-lines and accurately predicting price-earnings ratios, but in reality, they are just deceiving themselves in a whirlpool of emotions. Most people are driven by their emotions—when prices go up, they get greedy and think it can go higher; when prices fall, they panic and sell at a loss. From beginning to end, they're trapped in their own instincts, forgetting that the essence of the crypto market is a zero-sum game—every penny someone earns comes from someone else's loss.

Some say that experts in the crypto market rely on accurate predictions, but that's not true. Real experts are those who can break free from their own emotions. Once you see yourself as an outsider and examine your own actions, only then can your heart be calm and you can make rational judgments. Most of what you see and hear is what others want you to see. A price surge might be a bullish trap to lure you in or cover for someone else's exit. It's most dangerous to use old experience to predict new trends—the market makers love to exploit this kind of thinking to trap you.

"Crypto has risks, enter the market with caution"—this is not an empty phrase, but a lesson learned by countless people who lost money. More important than understanding risk is understanding yourself. When your account drops, you rush to invest more money, hoping to lower your average cost, but can you really keep averaging down? If you make a 20% profit, you think the bull market has come and want to hold on longer, hoping to double your money, only to see your profits cut in half. When even the experts and institutional investors are waiting, you stubbornly hold on, waiting for a rebound. By the time you lose your principal, you finally sell at a loss—exactly when the experts can take your "bloody" chips. If he doesn't cut, who will? In the crypto market, those who lose money never really lose to the market makers or the market itself—they lose to themselves. The biggest enemy has always been yourself. $BTC $ETH