I sometimes receive private messages. They’re pretty straightforward—some of it is a bit far-fetched, but some of it is real. Over these years in the crypto world, I’ve come to know a lot of people, and I’ve also watched many leave the crypto world. I’ve seen some messy, melodramatic stories. In the end, I总结（summarized） myself and found that some people really aren’t suited for futures/contracts. Some friends say the reason they lost a lot is because they’re new and lacking experience, but I’ve heard the stories from more than ten people already. They’ve traded for two or three years, lost their ass and racked up debts—then they tell me their stories. How is that just a lack of experience? People say financial markets amplify human nature, so gambling instinct shows itself. After thinking carefully, it feels less like “gambling instinct” and more like “laziness”—and the word “laziness” fits this group of people in the crypto world best.

Many people like to jump in with full margin right away, or go all-in with half, then when it goes up they clear everything and keep hunting for the next target. Simple and brutal—saving time and effort, no need to think about anything else. I think this is laziness, not because they have a strong gambling instinct. Laziness to think, laziness to control position size. When RMB becomes numbers sitting in an account, going all-in only takes one click. How simple and mindless this operation is—making people lazy, so they don’t need to think.

But if your assets are a pile of cash placed in front of you and you’re asked to go all-in, I think any normal person would consider controlling their position. That’s the difference between the virtual digital world and the real world: what’s presented in front of you leads to two different outcomes. I didn’t make a lot of money, but overall in the crypto world I’ve been profitable. Trading has also given me a lot of thinking, so I don’t keep becoming impatient, blowing up, then immediately topping up, then jumping in headlong for no reason. Instead, I learned to wait for the kind of market that suits my skills. People say the first bucket of gold is the hardest to accumulate—but once you’ve accumulated it, everything afterward gets smoother and smoother, more and more natural. After all, going from zero to one is a process; and after that, it’s just replication.

That said, in the virtual world people gradually become unclear about the concept of money—it’s just a bunch of numbers. Little by little, I learned how to take profits/cash out; learning to cash out is the first step in leaving the digital money world, and also the most important step to survive an entire speculative career. Even if you “earn some oil” and leave it there without buying crypto is still not good—you can also wait for a good time and then buy slowly. This is my advice. May you and I open up our own path and enjoy every day in the moment. #ETH突破1900美元