Take a close look at the ways A-shares are manipulated, and compare that with the tricks in the crypto world—you'll understand that essentially there's no difference. Retail investors are easily exploited on both sides; the key issues are information asymmetry, liquidity manipulation, and the old tricks of market makers controlling the market. From IPO hype to delisting risks, from main force shock trading to project teams dumping coins, in essence, the financial market is a large ecosystem where various participants are playing their own small games. The only difference is that A-shares are monitored by regulatory authorities, while the crypto world is relatively wild. But if you want to make money? You need to be vigilant on both sides, learn to identify risks, and not be blinded by superficial prosperity.