Talk on paper by those whose logic has no flaws; those who personally trade in the live market—accounts are hard to avoid drawdowns. Watching from across the way, gains and losses are clear at a glance; being in the arena, profits and losses are often met with criticism.
In her early years, an old lady had some spare money, so she bought a few pieces of gold in advance and hid them away.
Others thought she didn’t need to, and even mocked her: “Buying this so expensive now—there’ll be plenty of chances later.”
But she was thinking simply: money will keep growing, while truly scarce things won’t just increase out of thin air.
Many things look very expensive when you look at them from the present, but when you view them within the broader trend, they may only be the early stage of price discovery.
This principle also holds for Bitcoin.
The 21 million coin cap won’t change, while fiat money supply will always face long-term pressure to expand.
What really matters isn’t trying to guess the next candlestick, but understanding the long-term supply-and-demand logic.
What stings is this—if this trend continues, in the next bear market we may truly find it hard to see BTC again below $100,000.
So don’t always focus on buying at the lowest point. Understand the trend—it's more important than trying to predict the price.
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Many people are trying to describe the major drawdown at the beginning of 2023, attempting to fit today’s market conditions using historical price action.
But what I want to say is:
History can rhyme, but it doesn’t simply repeat.
I’m more inclined to believe that we are still in Stage D. However, before the target area is fully reached, the market may not necessarily replicate that year’s deep drawdown.
So, you can reference history, but don’t let it constrain you.
Past price action can help us understand the market’s rhythm, but it cannot become a script for predicting the future.
Price movements may look similar, but the rhythm may not be the same; structure can be replicated, but the path won’t be exactly repeated.
What truly matters in trading isn’t finding a historical copy, but continuously adjusting your judgment based on current price, structure, and changes in capital.
What really widens the gap in wealth isn’t diligence, but choices and patience
Buffett has repeatedly emphasized a simple truth: Real wealth accumulation doesn’t require doing countless things correctly. The key is getting a few things right—and sticking with them for the long term. For many people, the problem has never been that they aren’t hardworking enough; it’s that they love to stay busy recklessly and often. Chasing the trend today, switching tracks tomorrow;
When prices rise, they fear missing out; when they fall, they rush to cut losses.
Making investing into gambling, and turning trading into an outlet for emotions. And what Buffett and Munger are truly great at is precisely their ability to wait. They can go years without making a move—quietly read, think, and wait for the real opportunity worth betting on.
Bitcoin Funding Rate Hits 10% as Open Interest Rebounds
🚨 Warning: Leverage is maxed out! BTC funding rate has surged to 10%, open interest has skyrocketed—big breakout/turning point countdown! Many people only watch K-line charts for bullish or bearish moves, but they ignore the derivatives market that’s going off like an alarm. At the moment, Bitcoin’s funding rate has already surged to an astonishing 10% (annualized). At the same time, open interest (OI) is showing a sharp, straight-line rebound. When these two figures are combined, it’s basically telling the entire market one thing: crazy off-exchange capital is going long at any cost with high leverage, and retail investors’ FOMO has reached its peak.
The best way for people to get along is just six words: understand, respect, and leave room. Understand is the gentlest resonance between hearts. No need for a thousand words, no need for overly careful explanations. When you hesitate to speak, someone can read your meaning; when you have untold hardships, someone can empathize. Respect is the bottom line of any relationship. No matter how good the feelings are, respect cannot be set aside. Everyone is an independent individual, with different thoughts and different choices. Accept each other’s differences, and be considerate of each other’s difficulties. If you keep my boundaries, and I take your feelings into account, then the relationship can be steady and lasting. Leave room is the wisdom of maintaining relationships. Even the closest people can’t have zero space between them. Distance isn’t necessarily drifting apart, and leaving room isn’t coldness. Just like in painting: too much heavy ink can feel stifling. With an appropriate amount of blank space, the picture becomes more pleasant to look at. Between people, leaving some room makes getting along easier and more comfortable. With good fortune comes meeting; with care comes measure. Hold onto understanding, keep your respect, and leave enough room—then you can stay together without getting tired of each other, and make small talk without it becoming tedious. $USD1
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🧧🎁🌹🧧🎁🌹 1. Core Projects and Ecosystem Developments Hyperliquid Sees Its First AQAv2 Reserve Revenue Distribution: According to the community and PANews, Hyperliquid is expected to receive its first AQAv2 reserve revenue distribution today (October 3). Passive income of approximately $14.5 million to $20 million generated from the USDC reserves will flow into the Assistance Fund, mainly used to buy back HYPE tokens. Cronos Community Proposal Vote: The Cronos community completed today’s vote on a proposal related to “using product revenue to repurchase and burn CRO.” This initiative aims to further optimize the tokenomics model and strengthen deflationary expectations. 2. Near-Term Industry Outlook Ethena (ENA) Large Unlock Approaching: The market is noting that about 3.03 billion ENA held by StablecoinX is expected to undergo permanent unlocking on October 4 immediately afterward. The industry is closely watching the potential impact on market liquidity.
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