1. The 'Wealth Creation Myth' of Cryptocurrency: The Illusion of Opportunity for Ordinary People

Low Entry Barriers and High Volatility
The cryptocurrency market operates 24/7, with no geographical restrictions and low entry barriers (as low as a few dozen yuan), seemingly providing ordinary people with a shortcut to 'crossing classes.' Cases like Liangxi and Shiba Inu (SHIB) with tenfold gains reinforce the fantasy of 'one coin turning lives around.'

The Rift Between the Ideal of Decentralization and Reality
Although blockchain touts 'decentralization,' the market is still controlled by whales, institutions, and exchanges. For instance, a single day's buying and selling by a DOGE whale can trigger drastic price fluctuations, leaving retail investors often as 'bag holders' with delayed information.

Emotion-driven speculative market
Social media hype, celebrity endorsements (like Musk's tweets), and meme culture make cryptocurrencies feel more like a 'casino' than an investment market. Ordinary people easily fall into FOMO (fear of missing out) emotions, leading to blind following and losses.

2. The Essence of Risk: Costs Ordinary People Cannot Bear

Technical Black Boxes and Security Risks
Frequent events like lost private keys, exchange collapses (like FTX), and smart contract vulnerabilities (like the Poly Network hack) leave ordinary users lacking the technical skills to fend off risks.

The 'Sword of Damocles' of Policy and Regulation
Countries' regulatory attitudes fluctuate (e.g., the US SEC suing Coinbase, China's complete trading ban), which could lead to assets becoming worthless overnight. The recent cryptocurrency reserve plan by the Trump administration also exposed direct policy intervention in the market.

The 'Fatal Temptation' of Leverage and Contracts
High-leverage contract trading (like Liangxi's 60x leverage) amplified profits, but 99% of retail investors lost everything due to liquidation. Exchange data shows that the average survival period for contract traders in 2023 was less than 3 months.

3. Rational Perspective: Positioning and Strategy of Cryptocurrency

Not 'The Ultimate Chip,' but part of Asset Allocation
Cryptocurrency should be viewed as a high-risk asset, with a share not exceeding 5%-10% of personal investable funds. Treating it as 'the only hope for a comeback' is essentially gambling, not investing.

Long-termism vs. Short-term Speculation

Hodlers: Believing in Bitcoin's 'digital gold' properties, they invest regularly and hold long-term, riding through bull and bear cycles (e.g., Bitcoin's rise from $3,000 to $60,000 in 2020).

Short-term Trading: Requires proficiency in technical analysis and on-chain data (like exchange capital outflows, whale address movements), and strict stop-losses, making the success rate for ordinary people extremely low.

Education and Cognitive Breakthrough
Ordinary people need to learn basic technologies (wallet usage, gas fee optimization) and market rules (halving cycles, macroeconomic impacts) to avoid being brainwashed by 'financial freedom' rhetoric. For instance, understanding Solana's technical upgrades or XRP's legal developments is more valuable than following hype.

4. Real Cases: A Fine Line Between Success and Destruction

Successful Cases:
Early Bitcoin miners and Ethereum ICO participants achieved wealth appreciation due to low-cost entry and long-term holding. However, such opportunities mostly exist in the early stages of the market, and current dividends have significantly decreased.

Lessons of Failure:
The collapse of LUNA in 2021 and the FTX disaster in 2022 led to millions of retail investors losing everything. Liangxi's extreme trading strategies further turned the 'wealth creation myth' into a warning of 'loss of human control.'

5. The Ultimate Answer: Destiny is in One's Own Hands

Cryptocurrency is not a 'chip to gamble with destiny,' but a touchstone that tests human nature and cognition:

For ordinary people: If viewed as a window to learn new technologies and a tool for moderate participation in innovation, it could expand financial boundaries;

For Gamblers: It is just another table destined to lose, and Liangxi's outcome has long been written in the answer.

The true 'ultimate chip' is always continuous learning, rational decision-making, and a respect for risk.