"Written before the bull market takes off, what is the biggest risk of the bull market?"
I wonder if you have ever thought about this question: why do people lose more money in a bull market than in a bear market?
It’s like I bought atom for $15,000 and held it until now, and lost more than 90%. Here is the record at that time: https://x.com/Seanzhao1105/status/1814237471737249959
My feeling at the time was that I felt that everyone was talking about how great arc20 was and how it could change the world, etc. Then I watched the price go up little by little, and I finally couldn’t help it. I was afraid of missing out, so I took over at the top of the mountain with a high gas price.
The reason why I wanted to write an article about risk is because I have been reading recently. After reading it, I have a different understanding of risk, especially since I started IEO in 2019 and participated in many projects. Now I have some new feelings about the concept of "controlling risks".