In ancient times, Lü Mengzheng lived in a cold prison-like hut, begging to get by; when his luck turned, his fortunes rose and he reached a high position, having seen the world’s coldness and warmth.
And Web3’s chilly fortune—replaying the rise and fall of that cold hut onto the candlestick chart.
A 51% bitcoin plunge sent everyone into panic and flight.
A 19-year-old boy went short against the trend, constantly rolling positions at high frequency. With a capital of only a thousand yuan, he managed to build assets worth tens of millions within a month.
For a time, fans swarmed in. Big shots competed to give tips and rewards; tens of thousands gathered around in the livestream, and everyone called him a contract trading genius.
Back then, he stood atop the waves, as if he had found the key to never-ending profits.
But fate has unpredictable turns.
The market reversed; the tide would no longer stand with the bears. With similarly aggressive heavy positions, one wrong call—and fortunes vanished into thin air.
From a superstar adored by millions, he fell into a mire of debt, mocked and doubted, and at one point was so down on his luck that he had to earn a living working at a construction site.
Later, the market gave him another chance. He turned 2,000 U into a million dollars in just a few hours, and the whole internet hailed the king's return.
But luck is like a gust of wind: it comes quickly and leaves even faster. The very next day, one heavily leveraged trade wiped out those huge profits all over again.
Many people only saw him at his peak, riding the market to glory, but overlooked a cruel truth:
Making big money takes favorable timing and fortune; no strategy can remain unbeatable forever.
(Ode to the Cold Kiln): When fortune fails to favor you, be content with poverty and keep to your lot; if your heart is honest, you will surely hold your head high again.
In the trading market, this means:
When the market isn't on your side, don't force a comeback. Stay true to yourself and wait for the next cycle.
The market never lacks people who get rich overnight; what it lacks are people who can hold on to their gains.
The ups and downs of Web3 candlestick charts are, at their core, the modern-day interplay of timing and fate.
A truly strong person isn't someone who makes tens of millions once, but someone who knows when to stop as the tide goes out. Liangxi's story is the Web3 version of the Ode to the Cold Kiln: when the market surged, thousands hailed him as a legend; when the tide turned, he lost everything. A person may aspire to reach for the sky, but without fortune, they cannot make their way.
