When event contracts first came out, I thought this thing was even more powerful than high-leverage contracts. So when someone asked me how event contracts were, I didn't recommend playing with them. Because when this thing is on the rise, the losing contracts go down faster. The maximum limit is 250 oil at a time, and you can go down three or five times in a row; I forgot how many, because I haven't played in so long.

Recently, the price fluctuations of Bitcoin are much greater than those of other mainstream coins. For example, during this time, Ethereum has been oscillating; the price has neither gone up nor down significantly. Several times it has risen to around $1850, but it just can't break through that price level and can't maintain its position. Every time it makes a push, it falls back again. Fortunately, the price hasn't dropped below $1760. Such repeated oscillation in the market is particularly torturous for those who plan to hold long-term, as there have been no obvious ups or downs, leaving them to just wait. Whether the market will rise or fall in the future is still uncertain. Generally, everyone is bearish, and it's been a long time since there has been a big market movement.

In oscillating markets, high-leverage players generally incur more losses. When they're profitable, they want to strategize, but when they wake up, they often see profits retracting or being stopped out. When they incur losses, they are reluctant to cut their losses and always hope for a miracle. Whether it’s up, down, or oscillating, there are many who are losing. Comparing the overall market this year to last year, I personally feel that it’s harder to navigate this year, perhaps due to my own recent misfortunes. However, I haven't seen many people making money lately, whether in the plaza or among friends in groups.

The US stock market has opened, and tonight I heard there will be a speech from Baoyu Brother. I remember that every time he speaks, it hasn’t resulted in anything good. The most profound impression in my mind is the back-and-forth market washing and price spikes during his speeches. In fact, in oscillating markets, shorting at high levels and longing at low levels is the correct strategy. I myself missed the short or long-term trading opportunities during this period, maybe it’s because I’m getting older and find it less interesting.

Recently, I noticed that bloggers I used to see often have either stopped updating or are updating less frequently. The plaza has also seen many new faces; the Yangtze River's back waves push the front waves, with newcomers replacing the old. In moments of glory, perhaps the voices of praise will soar to the sky, but if one speaks or acts wrongly, the backlash can be a bottomless abyss. The cryptocurrency world is a dark one; any white feather is an original sin. Fat Donglai has repeatedly said he is preparing to exit the circle, and Lei Jun has also stopped updating videos. Why say ghosts are not scary? Because talent is the most complex thing.