Three honest truths after two years in the market, advice for new rookies to memorize:

1️⃣ A-shares: That is an endless cycle of the "3,000-point defense battle." It’s not an investment market, it’s a financing market, and the long-term sideways fluctuations wear down not only your principal but also your patience.
2️⃣ U.S. stocks: A typical example of a long slope with heavy snow. As long as you believe human civilization is progressing, over a longer cycle, its slope is always upward. This is the true "time companion."
3️⃣ Crypto world: Except for Bitcoin (BTC), the vast majority of projects are on the road to zero. The end of altcoins is dust, only BTC is digital gold.