Hello, friends in the crypto circle! I am a KOL focused on cryptocurrency investment strategies and blockchain trend sharing [Crypto Logic].
In the previous session, we explored the core of Chán's third lesson—the trap of preference is death.
Help everyone avoid emotional biases. Today, we continue to the fourth lesson. Although the original text of the Chán theory originates from the stock market, its philosophical depth is particularly applicable in the 2025 cryptocurrency market: after the Bitcoin halving, volatility increases, and many shout 'rational investment', yet often only talk without action. This lesson points directly to the essence: rationality is achieved through action, not just empty talk! Through accessible analysis and cases from the crypto world, this will help you move from theory to practice and improve your winning efficiency.
1. The Myth of Rationality is Shattered: Don't be fooled by the 'value system'.

Chán Theory's Fourth Lesson gets straight to the point: Capital markets often teach people 'rationality', but behind the rational models always lies a value system that attempts to conquer the market. This is merely the foundation of the capital lie. True rationality sees through these lies—rationality is like the emperor's new clothes, an illusion created by people. Philosophically, this is not a new concept. Ironically, rationality often becomes a word game, more shameless after monetization. But true rationality is present and practical, like 'sex is achieved through action', so is rationality.
Deep Meaning Analysis:
Chán theory critiques the 'input-output' logic assumption—thinking that some basis (fundamentals, technical analysis) can guarantee profit is actually unfounded. Market participation means becoming one with the market; you create the market, and the market creates you, both are modeled in the present. The key is not how the model is born, but how it dies. Life and death are the only laws, and the market is the same: death is the norm, survival requires evidence of living. Endless life is the same as endless death; being bound by evidence is a dead end. Rationality is not a delusion of escaping life and death, but rather being calm within it; without great courage, all rationality is a dying lament. For participants, one must know the current model, or else die without knowing the cause.
In the crypto world, this lie is even more rampant. In the first half of 2025, with the Ethereum ecosystem upgrade, many 'experts' shout rationality: study fundamentals (project white papers), technical analysis (K-line indicators). But the Chán theory suggests that these are excuses of the value system trying to conquer the market. The result? Luna 2.0 or similar projects appeared to have perfect fundamentals, yet collapsed overnight. The deeper truth: there is no 'rationality' formula in the cryptocurrency market; involvement leads to life and death gambles. Thinking 'holding Bitcoin is rational', while ignoring the present—like a pullback after the halving, many get stuck. Rationality is not about talk but action. Just analyzing without acting is like the emperor's new clothes; it's laughable.

2. The market is a life-and-death arena: Current practice allows for calmness.
The original text emphasizes: entering the market means entering life and death; without basis, one faces various models calmly, with no thoughts of birth, then one can face life and death calmly. Participants must know the current intervention model; most people do not know what they are doing and die without knowing how. The market is composed of such people, and large funds die faster; overnight collapses are common. If you ask about rationality? Simply talking without acting; buying N Zhonggong this morning (a safe opportunity) is rational! Rationality is achieved through action.
Deep Meaning: Chán theory integrates Zen and philosophy: the market is like fate, life and death are inseparable. Rationality is not abstract, but rather present practice. How a model dies is more important than how it lives—indicating risk management. Without great courage (in the face of life and death), rationality is merely a lament. Involvement means creation; modeling does not mean rigidity, but requires calm switching.
Crypto Circle Application: In 2025, DeFi yields skyrocketed, many 'rationally' analyze TVL (Total Value Locked), but ignore the present—like hacker attacks, where funds evaporate overnight. The Chán theory reminds us: Know the current model, like leveraged futures, and understand its 'death' (liquidation risk). Large funds die quickly: In the first half of the year, a certain whale fully invested in SOL, causing collapse due to ecological issues. The deeper truth: life and death in the crypto market are a breath away; without calmness, there is no rationality. Rationality is achieved through action, buying Bitcoin at a low point, not because of the 'digital gold' myth, but because it is a winning opportunity at present.
Case Study: After the halving, Bitcoin fell to $60,000, and many hesitated; the rational ones acted—built positions, waiting for a rebound to $80,000 to profit.
3. From Chán Theory to Crypto Circle: Practical strategies, winning in the present.
Chán theory not only critiques but provides a path: Rationally care about the current model and death. Market participants are faced with life and death, yet remain calm. Questioning rationality? Action is rational!
Deep Wisdom: Life is like the market; life and death are modeled. Rationality is not a delusion, but rather calmness without basis. Winning requires great courage; see through the lies.
Crypto Circle Adaptation Strategy:
See through the lies: Don’t believe the 'rationality' myth. Fundamentals (project teams) and technical analysis (MACD) are excuses. In 2025, with the revival of NFTs, many analyze 'artistic value', ignoring current liquidity. Strategy: Ask 'Can this intervention make money?' Otherwise, it's just nonsense.
Current Practice: Know the intervention model, such as Staking ETH, and know its 'death' (opportunity cost). Act: During the Bitcoin pullback in the first half of the year, rationality is not waiting for 'confirmation of a bull market', but buying now (with a high margin of safety).
Calmly facing life and death: Market death is a norm (loss), survival requires evidence (opportunity). Great courage: Set stop losses, switch models. Example: Meme coin craze, act—enter with a small position, exit after a 50% rise; don’t just fantasize about 'the next SHIB'.
Risk Control: Large funds die fast, the crypto circle is the same—leverage x100, zero overnight. Rationality: Start small, accumulate calmly. Deeper: Like the original text, buying N Zhonggong (safe), buying BTC at the transition point from bear to bull market, not out of preference, but because the winning rate is high at present.
As a KOL, I often see newcomers fall into the 'rationality' trap: analyzing for half a year without acting, missing the rebound. Chán theory inspires: acting to win is true rationality.
Conclusion: Rational action leads to victory in the crypto circle.
The core of Chán Theory's fourth lesson: Rationality is achieved through action, seeing through lies, and calmly facing life and death. The deep Zen meaning: current practice, the essence of winning. In the crypto circle of 2025, volatility tests rationality—don't just talk, act!