In the first half of the year, there was a fan who bought in when ETH was over 3200. Later, he scraped together money to average down, and when it dropped to over 1700, he got liquidated, losing everything he had previously earned and his principal.

He said he got used to the easy income of thousands or even tens of thousands in the crypto world, and now he can't calm down at all, doing a job in real life that only pays a few thousand a month.

He asked me, “Bro, how much do I need to invest to turn things around?”

I replied with four words: ten thousand.

This month I caught the wave of ETH's rise, along with the market of MYX, and made a profit of 4.2WU by rolling my positions. To be honest, this is just the beginning.

I also have a living example around me—my friend initially planned to invest 400,000 to take a shot at it, having never played in the crypto world before. I advised him not to rush, to start with 10,000 to try it out, and if he could double that, then we could talk about increasing the funds.

He didn’t believe it, saying 10,000 couldn’t turn things around. I told him, “Losses are calculated as a percentage, not by amount. If you can't even double 10,000, 400,000 will only be harder for you. Because the larger the principal, the greater the psychological pressure.”

What happened? He directly went in with 400,000 for contracts, starting with a leverage of 5-10 times. Later, as he lost more, he became more anxious and increased it to 20 times, and in the end, only 50,000 was left of his principal. How long did it take? Less than a month and a half.

Ironically, this guy is particularly smart in real life.

So, I've always been very averse to friends rushing into the crypto world. It's not that I'm pouring cold water, it's just that—out of ten who enter, eight will not have a good ending.

The crypto world has never been a shortcut for class mobility; it’s more like an “accelerator for class decline.”

If you want to make money here, the first step is to recognize its evils and risks—survive first, then talk about making money, and then about changing classes.

Those who can survive to the end in the crypto world, who among them hasn’t faced life-and-death situations and endured several rounds of crashes?

Opportunities have always been there, they are not lacking. What’s lacking is awareness, rhythm, and execution.

One tree can hardly form a boat, a lone sail can hardly sail far.

We are all still on the road to turning things around.