You only know that Li Xiaolai was once the richest man in Bitcoin, but you may not fully grasp the feeling of melancholy and loss when he bought 2,100 BTC at an average price of $6 in 2011, only to see the price plummet to below $1, causing his assets to shrink by 97% in an instant.

You have only heard that Zhao Changpeng made it to the Forbes rich list, but it’s hard to imagine that in 2014 he resolutely sold his property in Shanghai, betting everything on BTC, only to face a continuous decline, falling into a deep state of regret and helplessness.

You only understand Zhao Dong as a big player in over-the-counter trading, but you cannot feel the despair of having spent 1 million to buy 2,000 BTC in 2013, with assets once exceeding 100 million, yet suffering three futures liquidations in 2014, accumulating losses of 1.5 billion and bearing 60 million in debt, nearly collapsing. Fortunately, he eventually pulled through, leading to what is called a turning point.

In the present, too many people often focus only on immediate benefits, completely ignoring the future market trends. In this special industry:

Firstly, when prices fall, it is unfathomable, with no bottom in sight.

Secondly, when the market rises, it is boundless, like a runaway horse.

Thirdly, if one cannot withstand the immense panic and shock of dropping from 1 million to 100,000, it is also difficult to reach the enormous wealth returns and surprises from soaring from 1 million to 1 billion.