The crypto world has never been a big dye vat, but rather a huge filter: it filters not good people from bad people, but smart people from fools.

I have seen too many people who, even when the project team has almost written "I am a scammer" on their faces, still rush in to give away money. These people are not being scammed; they are actively sacrificing themselves.

Recently, several of my longtime fans have lost everything; they have been following me since 2021 or 2022. It’s quite painful to see, but I have said everything that needs to be said. Risk management, position management, I have repeated these basics countless times.

The cost of market education is too high, and human greed has a learning ability of zero. No matter how much you talk about risk control, all they will ever hear is "10x" and "100x."

The market is like this; everyone can see the myth of making money, but friends who lose quietly exit without a sound. Just being able to survive in this market is already quite difficult.

The harshest truth in the crypto world is that 90% of people are destined to pay tuition fees, and it's the kind that lasts a lifetime. What I can do is help that 10% who are willing to listen to lose a little less.