Meet a guy I know who does cross-border e-commerce. He has a little office over in Longhua. Usually when he crunches numbers, he’s sharp—like a computer.
Last year, during the most insane bull market, his朋友圈 (friend circle) style suddenly changed. Before that, he would post product listing schedules. Later, he was posting position screenshots every day, and the captions were all “Open your horizons,” “In a few years looking back, today will be floor prices.”
One time we were eating and he pulled out his phone to show us his account—six digits in unrealized profit. The way he talked had doubled in volume. Even when the waiter was slow bringing the food, he’d still chat with people about Bitcoin.
Then he added leverage. He said he’d calculated the IRR—this one wave of opportunity is it for the rest of his life. He wanted to gamble for financial freedom. Before he left, he patted my shoulder and said, “You guys who trade spot—at the core, you’re just working for rich people.”
Then the bear market came.
It was like that guy vanished from the face of the earth. Calls not answered, messages not returned. We met again last month. He invited me to eat at a roadside stall. He was in flip-flops and looked like he’d shrunk by a whole circle. When I asked if he still had any of it, he just laughed and said he’d blown it—kept only some spare change.
Now he’s deleted all those market-tracking apps on his phone. He only keeps the banking one. He says he checks his balance once a day—just to remind himself not to be tempted.
He’s still doing his old business too; there’s a stock of goods piled up in the warehouse. But the way he talks is different now. Before, he talked about goals—now he only says, “As long as I can pay off my credit card.”
He told me one thing: “I’ll never touch leverage again in my life.”
Then yesterday I saw him post a brand-new朋友圈. It was a screenshot of the hardest time right after that round of liquidation—him begging people to lend money. The caption said, “Don’t learn from me.”
Someone in the comments said, “That’s just how it is in the crypto world.” Actually, back when he was flying high, he told those people the same thing too: “You don’t get it—you don’t understand the bull market.” So is the him during the bull market the same person as the him during the bear market?
Chat in the comments—are the people around you in the bull and bear markets like they’ve totally become someone else?
#牛熊两面 #DontFOMO
Last year, during the most insane bull market, his朋友圈 (friend circle) style suddenly changed. Before that, he would post product listing schedules. Later, he was posting position screenshots every day, and the captions were all “Open your horizons,” “In a few years looking back, today will be floor prices.”
One time we were eating and he pulled out his phone to show us his account—six digits in unrealized profit. The way he talked had doubled in volume. Even when the waiter was slow bringing the food, he’d still chat with people about Bitcoin.
Then he added leverage. He said he’d calculated the IRR—this one wave of opportunity is it for the rest of his life. He wanted to gamble for financial freedom. Before he left, he patted my shoulder and said, “You guys who trade spot—at the core, you’re just working for rich people.”
Then the bear market came.
It was like that guy vanished from the face of the earth. Calls not answered, messages not returned. We met again last month. He invited me to eat at a roadside stall. He was in flip-flops and looked like he’d shrunk by a whole circle. When I asked if he still had any of it, he just laughed and said he’d blown it—kept only some spare change.
Now he’s deleted all those market-tracking apps on his phone. He only keeps the banking one. He says he checks his balance once a day—just to remind himself not to be tempted.
He’s still doing his old business too; there’s a stock of goods piled up in the warehouse. But the way he talks is different now. Before, he talked about goals—now he only says, “As long as I can pay off my credit card.”
He told me one thing: “I’ll never touch leverage again in my life.”
Then yesterday I saw him post a brand-new朋友圈. It was a screenshot of the hardest time right after that round of liquidation—him begging people to lend money. The caption said, “Don’t learn from me.”
Someone in the comments said, “That’s just how it is in the crypto world.” Actually, back when he was flying high, he told those people the same thing too: “You don’t get it—you don’t understand the bull market.” So is the him during the bull market the same person as the him during the bear market?
Chat in the comments—are the people around you in the bull and bear markets like they’ve totally become someone else?
#牛熊两面 #DontFOMO