#市场调整策略 When I entered the speculative market, I learned a lot from different predecessors, all of whom were people who truly made a lot of money, certainly much stronger than I am. Those strategies made a lot of sense, but after being beaten up by the market time and again, I abandoned more and more rules, such as 'do not short in a bull market, do not long in a bear market', and not to trade short-term, but to invest long-term, etc. As a result, I've been battered and bruised over the past two years, and many veterans say that the dividends of this bull market are no longer present, making it harder to play. The strategies for speculation are constantly changing; the strategies that worked in the first ten years of the crypto space are not suitable for the next ten years. In 'The Random Walk of Fools', there are many people who dominated Wall Street for over a decade, but faced obstacles everywhere due to changes in market cycles. 'Many people succeed not because of their outstanding abilities, but simply because they are lucky and the market happens to align with their strategies.' Buffett may have just coincidentally encountered the upward cycle of America; if he had been born 50 years earlier or later, he would have faced a Great Depression in the U.S. and a declining America, and in that era, he might have been just one of the bankrupts. In short, the crypto space will still have cycles, but they are no longer the same as the previous ones, and many of the maxims from the last cycle will need to be overturned.