I believe almost everyone in the crypto world, as long as they have experienced at least one cycle, has made money—whether you are trading shitcoins, holding coins, or doing contracts, almost everyone has made money; basically, there are hardly any people who haven't made money, at least I haven't seen any.

But those who ultimately make big money in the crypto world are few and far between. Why? Many people think they just didn't choose the right time to 'sell', but I will tell you, you will never choose well, even if you choose well a few times, seemingly successful flips and profits, it doesn't matter.

The reason is simple, because the crypto world is your only venue.

There is a saying, 'Once you enter the crypto world, it runs deep like the sea', and another saying, 'Those who have made money in the crypto world can no longer look down on other industries.' Why? Because during the bull market in the crypto world, money comes in too quickly, so you no longer have the patience to make money slowly elsewhere.

Many people's assets were initially diversified, but slowly, they all moved to the crypto world—these assets were mostly moved over during the bull market in the crypto world because prices were skyrocketing every day. Every night, you would find that you missed out on a lot of money, and so they gradually moved all over. Once moved over, they could never move out again, as they no longer see the volatility in other places.

But there is an unhealthy aspect to this; the crypto world has many hot topics and temptations. If your 'venue' is only the crypto world, then your capital will have a very single direction—it's almost impossible to maintain a long time in cash in the crypto world; there will always be some wealth effect that pulls you in, and then slowly, you will be fully invested again.

So what if you sell timely in certain token investments and take the profits? You will quickly get carried away and jump into other targets, re-investing fully; this is the problem, that is, 'it's not that you did not choose the right time to sell', but that you 'cannot truly sell in a meaningful way'.

This is human nature, and I cannot avoid it. I have said before that I am also trapped in $trump with over 40 million RMB, so I am just like you, my cost may not be lower than yours. But my advantage may be that I know myself and human nature better than many people, so I will put shackles on myself, but they will not—many of my asset allocations cannot be taken out in the short term, so when I encounter any good opportunity, I cannot get carried away and cannot move assets from other places to all in—whether the money used for speculation is a loss or a gain, that is all game coins. If I make money from game coins, I will allocate a little to assets; if I lose, I will summarize my experience and continue to play—what I need to ensure is that the quantity of those things that can truly be defined as 'assets' is constantly increasing.

This point is especially relevant for players who have a large proportion of game coins; they should learn to exchange a little bit for 'assets' each time, instead of trying to achieve financial freedom solely with game coins—if you have this mindset, even if you succeed once, you will eventually die in other game coins.

Many people have also asked me, what to do when all assets are locked up and you need money? You earn it, use the interest from other assets, which is enough to cope, and you don't need to turn a large amount of assets into a 'liquid state'—a large amount of assets are in a 'high liquidity' state, which seems to increase flexibility, but is actually a very bad habit.

You must keep yourself in a state of 'thirst', that is, always lacking money, so that you will have the motivation to keep making money, while ensuring that you invest limitedly in anything, no matter how promising it is—just memorizing this sentence is useless; just like as time goes by, you will definitely encounter your ideal partner, and as long as the conditions are met, you will go after them, but you know that this matter is not very significant. In the long run, it is not worth spending too much cost, because your thoughts may change after a while, and you will quickly encounter the next one. So you should avoid putting yourself in a 'conditions met' state, rather than just telling yourself 'this is meaningless'—people do not always act rationally.

But note that being in a constant state of lack of money does not mean you really lack money; you don't have to exhaust your own money to be in a state of thirst; it's simply about locking liquidity—your assets are many, but the proportion available at any moment is very small, that's enough. For example, some people lock up BTC, some buy insurance that requires money to be put in periodically, some have to pay a mortgage regularly, and some buy funds that cannot be redeemed for several years, etc.

What should you lock in the long term? What is worth locking in for the long term? What has the highest long-term compound return? You need to keep learning and judging for yourself; perhaps everyone's answers may differ. But the strategy of 'locking most of the liquidity' is something you can refer to; it can not only prevent you from playing away your money due to excessive confidence but also keep your asset allocation in a healthy state—it's not that you want to be healthy, but you can only be 'forced to be healthy'; it's not that you don't want to eat junk food, but your stomach is only this big.

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