The four rounds of bull markets in the cryptocurrency circle: How were ordinary people's doors welded shut?
The four rounds of bull markets in the cryptocurrency circle: How were ordinary people's doors welded shut? 2013: The eve of Ragnarok At that time, there were not so many twists and turns; the key word was: be bold. Wu Jihan and the group of Shen Yu are actually the first batch of people who believed in code. At that time, the BETA was extremely high; as long as you bought the computer and turned it off, or opened the mining machine, as long as you didn't get out, you would end up with A11 or A12 on the account. At this time, there was no need for any tactics; having faith was enough to make money.
2017: The casino of the grassroot heroes In this round, the logic of making money has changed to: opening a casino and printing chips.
In this round of bull and bear market transitions, many people have directly returned to poverty. Why is it hard to earn money and even harder to keep it? I have done a simple analysis; what additional points do you have?
1. Path Dependency Trap
Many people cannot keep their money because they want to use the "methods that made money initially" to "keep money." For example, relying on boldness to earn the first pot of gold, but when trying to keep money, they still want to use leverage or gamble on turning a bicycle into a motorcycle. As a result, a single cycle of volatility can wipe it all out. You need to be greedy to make money, but timid to keep money; these two logics are mutually exclusive.
2. Social and Identity Premium
When you have more money, your circle changes. To maintain the facade of being a "successful person," you have to buy a more expensive car, enter more expensive circles, and invest in your friends' vanity projects. At this point, money is no longer your asset, but rather the fuel to maintain your identity. Once the fuel runs out, your identity collapses.
3. Cognitive Misalignment
What is most feared is treating "luck" as "ability." Money earned during a favorable situation, if not converted into stable assets in a timely manner, or if one's hard skills are not improved, will only be temporarily stored with you by society; it will flow back into the market through various temptations.
Summarized several typical "money-sending players" in the cryptocurrency world; everyone can see if they are among them.
The all-around champion in the casino
This type of person usually enters with a delusion of being the "chosen one." Clearly, they can't even understand K-lines, yet they jump in with 100x leverage, thinking that financial freedom is just a second away. If luck strikes and they grab a doubling coin, they believe they've become a war god, but in the end, they go all in and directly give their tuition back to the market. This is not called investment; it's called "suicidal charge." Always fully invested, always teary-eyed; aside from moving themselves, they actually have nothing left in their wallets.
Those who want to buy the Earth with a few thousand
With a few thousand U in hand, they dream of a Ferrari. This mentality is quite dangerous because they look down on that little steady increase, always feeling that buying mainstream coins in the secondary market is a waste of life. So what happens? They can only dive headfirst into the primary market or high-leverage contracts. To put it bluntly, this is like practicing acrobatics on a tightrope. There are indeed stories of turning a few thousand into millions, but the probability is about the same as being struck by lightning twice. Choosing the wrong path means that the more strength you exert, the faster you die.
The "crypto giant baby" that never grows up
Actually, this industry fears this type of person the most: not looking at data, not studying logic, just waiting for others to feed them. Not only do they need to be fed, but they must be begged to eat. This is quite funny; in this brutal market that doesn't spit out bones, who has the time to be your voluntary nanny? They feel awesome when they make money, but curse everywhere when they lose a bit. To be honest, this mentality should leave the scene early to stay safe because the market specifically bullies those who are still dependent.
The "stubborn" who holds onto junk as heirlooms
There is another group of people who sneer at Bitcoin, this "expensive thing," thinking it rises too slowly, while holding a bunch of altcoins with names they've never heard of. They think altcoins are cheap and can multiply a hundred times. But the reality is that what they often wait for is not wealth but a delisting announcement from the exchange. Their risk tolerance is basically zero, waiting for a miracle with a pile of inflated assets, and in the end, they will most likely only wait for them to go to zero.
In my opinion, to survive long in the cryptocurrency world, one must first admit that they are not a genius. Don't always fixate on those astronomical profits outside of their understanding; first, protect the capital in hand. Instead of fantasizing about getting rich from one coin every day, it’s better to accumulate more experience, allowing your pockets and mind to grow a little together.
The types of people who lose big money in crypto, which one are you?
There are several types of people who will definitely lose money in the crypto world! Be careful, check yourself. Understanding what I’m saying will save you from 99% of the detours!
First, pure newbie, jumps in with 100x contracts, makes a little profit and then goes all in, left with nothing. Depending on luck to ambush a coin that goes up dozens or hundreds of times, only to lose everything later! Only knows how to go all in, chasing highs and cutting losses, completely unaware of what position management means and what take-profit and stop-loss are. Always fully invested, always tearful! (Newbie, I suggest you avoid the crypto world, really, the ignorant are fearless!)
Second, small capital players, for example, you only have a few thousand USDT! Want to earn millions! There are cases where a few thousand USDT can turn into millions, but most are from the primary market and contract wealth creation!
Don't look down on us delivery people. Our station manager said that during the college entrance examination period, if we encounter someone who has lost their exam admission ticket,
or left their ID at home, or woke up late, or went to the wrong examination room, or is running late, no matter what order we have at that moment, we must immediately put down our current order,
and at the first opportunity—it's particularly emphasized as the first opportunity—let them quickly get in the car and ride the electric bike to bring the examinee to the station for onboarding.
The most important ability of a person is actually the ability to shield.
Recently, I chatted with some friends I have known for many years, and their evaluations of me were surprisingly consistent: you have become more peaceful.
But I know very well in my heart that this does not mean becoming less sharp, but rather separating peace and sharpness.
In social situations, I prefer to provide emotional value, allowing those I care about to feel relaxed, comfortable, and understood;
At the core level, on the contrary, because I am more stable and self-consistent, I become sharper in places where I truly need to express my views.
In the past, I also hoped to gain recognition, resonance, and applause through expression. But in the current public discussion environment, I gradually realize that: Not all voices are worth responding to, and not all misunderstandings need clarification.
So-called maturity may be like this: Outwardly becoming more gentle, inwardly becoming sharper; Shielding more from the world and being more honest with oneself.
If you want to make money, go where the fools gather. Recently, the premium on silver LOF has exceeded 50%. After subscribing, selling directly, and deducting handling and subscription fees, it is a sure arbitrage opportunity.
Right now, in the stock market, the retail investors are the most clustered. There are always naive people who believe that large investors sell off to suppress volatility and avoid regulation, while they desperately buy in, hoping that speculators will lift them up, only to end up facing consecutive trading halts, still insisting that they are being 'locked up in a Salvador prison'.
Looking at the cryptocurrency market, even the exchange owners are personally getting involved now, with referees jumping into the arena and even calculating the small capital of retail investors. At this point, trying to make money in the crypto market is incredibly difficult.
As a university student I've been to bars many times Give a student version of bar guide No longer standing as an A guy
First, you need to learn how to play the game There are only two mainstream games Dance fist and grab finger
Dance fist, full name Fujian dance fist Single-hand and double-hand gameplay No matter if there’s a beat of 1 or 2 Anyway, it's all about following the rhythm First shake hands, then separate and shake hands After that, rock-paper-scissors and point direction After rock-paper-scissors, the direction pointed must be consistent to count Otherwise, you need to continue rock-paper-scissors and point direction Specific processes can be viewed on Douyin or Xiaohongshu Need to pay attention to Other forms of rock-paper-scissors need to be understood 😂
When trading, if you start to doubt life after being hit hard and want to liquidate everything with one click, you're often close to an emotional bottom.
When you begin to hesitate about whether to sell a little, it means you have already made enough profit; sell part of it first, and then recoup your capital.
When you start fantasizing about buying a new car, a new house, or a new life, that's a signal to reduce your position.
If you have two targets in mind, buy both. The extreme choice between two options has a very high probability of loss.
When your mindset is chaotic, don't touch the market. Regardless of gender, there will be a few days each month where thoughts are extremely irrational, and actions usually lead to deep pitfalls.
If you join a watchlist, you must have an attitude. Either buy now or delete it outright. The hesitant ones are the most likely to miss out.
The most dangerous times for trading are often when the market is hottest. The hotter it gets, the more traps there are.
If you want to make big money, and I mean big money, you have to be bold enough to rush in with retail investors in the early stages and be brave enough to go against them later.
After prices hit new highs, don’t listen too much to the old hands’ experiences because many of them haven’t actually made money after the new highs.
Many can bring you into the circle, but few can accompany you in making money, and almost none can prevent you from losing everything.
Trading targets are not for faith; they are for cashing out.
When you are reluctant to sell, the market is usually ready to teach you a lesson.
All trading opportunities that surge will correct; it's just a matter of time, so don't fall for FOMO.
When you think it still has 10 times the potential, the big players are already looking for someone to take over.
Real golden dogs/leaders will give you repeated opportunities to enter, while trash targets only give you one chance.
99% of short-term trades have no fundamentals; the consensus among participating users is a hundred times more important than fundamentals.
When you make money, it's not because you're smart; it's because you followed the right rhythm.
Living longer is more important than how much you earn in a single trade.
The position you can screenshot and show off is often not one you should hold onto any longer.
The core of trading is asset appreciation, not just to make enough for a taxi fare and run; reduce internal friction and pay more attention to the bigger trends.
When trading, when you get hit and start to doubt life, wanting to liquidate everything with one click, you are often already close to the emotional bottom.
When you start to hesitate about whether to sell a little, it means you have already made enough profit; sell some first and get your capital back.
When you start to fantasize about changing cars, changing houses, and changing lives, that's a signal that it’s time to reduce your position.
If you are watching two targets closely, then buy both. Choosing one out of two is extremely risky; the probability of losing is very high.
When your mindset is chaotic, don’t touch the market. Regardless of gender, there will be a few days each month when thoughts are extremely absurd, and actions generally lead to deep pits.
Joining a watchlist requires an attitude. Either buy now or delete it directly. Those who hesitate are most likely to miss out.
The most dangerous time in trading is often when the market is the hottest. The hotter it gets, the more pitfalls there are.
If you want to make big money, and I mean big money, in the early stages, be brave and rush in with retail investors; in the later stages, dare to go against them.
After the price hits a new high, don’t pay too much attention to the experiences of old investors because many of them haven’t truly made money after the new high.
There are many who can bring you into the circle, but very few who can help you make money, and almost no one who can prevent you from losing everything.
Trading targets are not meant to be a belief; they are meant to be realized.
When you are reluctant to sell, the market is usually ready to teach you a lesson.
All trading opportunities that spike will eventually pull back; it’s just a matter of time, so don’t fall for FOMO.
When you think it has 10 times the potential left, the big players are already looking for someone to take over.
True golden dogs/leaders will give you repeated opportunities to board; junk targets only give you one.
99% of short-term trading has no fundamentals; the consensus among participating users is a hundred times more important than fundamentals.
When you make money, it’s not because you’re smart; it’s because you hit the right rhythm.
Living longer is more important than how much you make on a single trade.
The positions you can screenshot to show off often shouldn’t be held any longer.
The core of trading is asset appreciation, not just making a fare’s worth of profit and running; reduce internal friction and focus more on the big trends.
The "acrophobia" of the big pancake has acted up again. Last night, BTC briefly dropped below $90,000. Although it has swayed back now, it feels like this 90,000 threshold is as slippery as if it were coated in lubricant; once you stand on it, it slips away. To put it plainly, it is still related to the movements over in Greenland, plus the financial unrest in Japan, causing everyone’s safe-haven assets to flock to the golden leg. Gold has surged to $4,800, and today, this "digital gold" big pancake seems like a mischievous younger brother, still not keeping up with the elder's pace.
There is a very interesting phenomenon that most people have double standards in investment and consumption.
The floating loss fluctuations in daily positions can reach hundreds of thousands, and they might not even blink an eye; they have become completely numb under the market's devastation.
However, when shopping for a meal, buying clothes, or purchasing a skin in a game, even those expenses of a few hundred dollars still require careful consideration, often waiting for a discount to buy.
I am that kind of person.
I calculated that in the past two years, the total amount spent in games should be around 5000 yuan, averaging only about 200 yuan per month, and the amount spent on clothes and shoes should not exceed ten thousand, which is quite frugal.
Spending money like water in the investment market, but being stingy in daily consumption, sometimes it seems quite ridiculous when I think about it.
I have always believed that learning how to consume is a compulsory course for everyone, not just investment. Otherwise, what is the point of earning so much money if you don't know how to spend it?
However, I have been busy with work for the past two years and have never taken the time to consume seriously even once.
In my view, consumption does not mean spending indiscriminately to get a fleeting dopamine rush, but rather using money to buy experiences, exchange time, and enhance oneself.
Although I have entered the basics of investment, I feel that I will still encounter many pitfalls in consumption, and there is still a long way to go.
Interest rates have been cut, but it seems the money has gone to the wrong place? Today, the People's Bank of China announced a reduction of 0.25 percentage points in the rate of structural monetary policy tools. Response from the cryptocurrency community: As soon as the news broke, the old folks in the domestic community started flooding the comments: "The signal for easing has arrived!" However, everyone found that this money is mainly flowing into the "technology and green sectors." Interesting tidbit: There is a token called $GREEN which instantaneously surged by 5%, only to be quickly brought back down to earth when it was discovered that this "green" is not the same as that "green." Netizens complained: "The reflex arc in the crypto space has reached a point where the brain is no longer needed."
"The ancient giant whale awakens," netizens: "Which big shot wants to change cars again?" A BTC address that had been dormant for 12 years suddenly transferred out 500 Bitcoins (currently worth about 47 million dollars). Interesting fact: Everyone is guessing which hero who forgot their mnemonic phrase finally found their old notebook while moving. Current situation: After cashing out, the market experienced a brief pullback, and retail investors lamented: "When the whale turns over, we have to turn off the lights and eat noodles."
These past few days I've been watching the解说 of 'Chu-Han Contention' I'm amazed—Han Xin was truly extraordinary Several times when Liu Bang was trapped and needed reinforcements He refused to send troops due to timing issues He trained soldiers with empty granaries Only fought battles he was certain to win
Even when the elder brother called out, it didn't work
Trading is also warfare It requires timing and the right moment
As for us common investors, we're constantly dragged by market sentiment, having our noses pinched Envious of others' profits, depressed by our own losses
Why does watching Wuling car delivery move people?
Because in the cryptocurrency world, we've lost our reverence for "money." When millions become just a number, people feel empty. You start to think life is dull, and working hard on the ground seems foolish. This "post-richness syndrome" is essentially a detachment from the authenticity of life.
But the Wuling delivery ceremony brings back that lost reality.
The trembling hands of the owner as they receive the keys—this is the most primal and sacred reverence for the idea of "changing destiny through labor." That car won't instantly cross social classes, but it can carry more goods, travel farther, and keep the owner's child warm during rainy days.
The joy derived from survival, improvement, and hard work is far more powerful than any "hundredfold coin."
After seeing A8 and A9 in the crypto world, I cried at a Wuling car delivery ceremony
The recent social media landscape is highly polarized. On one side, there's the fluctuating K-lines and endless 'A8, A9' in crypto communities, where the myth of instant wealth is reduced to cold numbers and illusory contract addresses. In that high-frequency chaos, I often feel like a ghost suspended mid-air—close to fortune, yet far from real life. Until today, I came across a delivery ceremony for Wuling cars. No stunning supermodels at top-tier auto shows, no elite cocktail parties. In the video, perhaps a young man who’s just settled in a big city, or a couple with sun-tanned skin who saved up by selling vegetables. Standing beside their few-thousand-dollar Wuling Hongguang, wearing slightly outdated bright red flowers on their chests, they laugh so brightly—some even with tears in their eyes—despite the sales team’s simple, even comical dance moves.