I’ve seen the real ShenZhai season—it’s nothing like what you imagine.



The time I’ve spent in this market has been long enough for me to proudly say this: I’ve seen the real ShenZhai season.

Many people think ShenZhai season is just green across the screen, coin doublings every day, and stories on social media about achieving financial freedom. These are indeed the surface appearances of ShenZhai season, but they’re only a corner of the iceberg. Under the surface, the real ShenZhai season is a swirl of chaos, anxiety, and information overload.

In a real ShenZhai season, the first thing you do every day when you wake up is check your phone—not because you’re expecting something, but because you’re anxious. You’re afraid of missing a coin’s breakout, and you’re also afraid that the coins you hold will quietly go to zero while you sleep. You end up like an old mouse running back and forth in front of forty holes—each hole could spit out gold coins, or it could spit out venomous snakes. Your attention gets torn into fragments: chase a little over here, chase a little over there. In the end, when the whole account is tallied, there are very few people who manage to outperform the broader market. Most people simply drain away their principal and their emotions through constant back-and-forth movements.

A harsher truth is this: the essence of ShenZhai season isn’t “everyone makes money together,” but “the process of wealth transferring from latecomers to those who got in first.” Every bullish candle that excites you is a showcase of someone else’s advance planning. You’re not sharing the feast—you’re paying for it.

I’ve seen people turn themselves around during ShenZhai season, and I’ve also seen many more lose the chips they had worked so hard to hold onto during the previous bear market. The high elasticity of shenZhai coins is a double-edged sword: it gives you the logic to double quickly, and it also accelerates your losses. And when ShenZhai season ends, there usually isn’t a farewell ceremony. It won’t tell you ahead of time, “I’m ending.” Instead, on some day, it suddenly buries everyone who’s chasing the high with a single big bearish candle—without even a single “sorry.”

So when everyone starts talking again about whether “ShenZhai season is here,” my expression is complicated. I’m both excited and on guard. I’m excited because I know there are opportunities in here; I’m on guard because I understand the cost behind it too well. If you haven’t been through a complete bull-bear cycle—if you haven’t had that experience of “counting money in the morning, and counting how much you have left at night”—then I suggest you keep your position within a range where even if everything goes to zero, it won’t affect your life.

You can participate in ShenZhai season, but please do so with clear-mindedness and reverence. The market doesn’t reward the smartest people—it rewards the ones who live the longest.
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#山寨币资金回流
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