Greed is human nature. Here is a story about a friend in the circle.
He stepped into the storm center of the contract market with the ambition of twenty thousand yuan. In just two weeks, his assets doubled to forty thousand. His daily shared research insights and cryptocurrency observations revealed his keen sense of wealth and desire. A month and a half later, his assets astonishingly inflated to fourteen times, and the speed of his success boosted his confidence, leading him to question my conservative investment and long-term holding philosophy. To him, it seemed that in just a few months he could surpass my years of accumulation, as if the path to wealth had been opened for him.
However, once the flame of greed is ignited, it is difficult to contain. In the third month, he ventured into an even crazier domain – speculating on junk coins, and his assets once soared to two hundred fifty thousand. But the inflated ambition distanced him from me, and he overlooked the undercurrents of the market. Five months later, when he contacted me again, he had already fallen from the clouds, with his assets severely shrinking to below one hundred fifty thousand due to liquidation and the crash of junk coins. At that moment, he realized the gap between his recklessness and my steadiness, but it was too late.
I advised him to cut losses in time, return to the embrace of mainstream coins, and wait for the next cycle of opportunities. Though he agreed, he couldn’t truly let go of his obsession. Seven months later, when Luna's crash resounded in the market like thunder, he actually went all in, using the remaining sixty thousand to bet on an almost impossible comeback. As a result, Luna's death spiral mercilessly consumed all of his assets, turning them into nothing in a single day.
This story serves as a warning against greed and lack of self-control. It reminds us of the importance of maintaining clarity and discipline in the face of the temptation of wealth. A crazy gambler mindset will ultimately lead one step by step towards the abyss. Meanwhile, those who can control their desires and move forward steadily will be the ones to laugh last amidst the storms of the market.
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