Attention everyone: This is a risk warning during the bull market of the cryptocurrency world!

In the bull market, I can see many legendary traders, investors, and fund managers' stories.

However, it seems that every time the bear market comes, many 'genius traders' ultimately end up regretting.

This is exactly where Buffett excels; although he started reducing his holdings in US stocks back in 2023, he has been in the capital market for seventy to eighty years and is still alive, while those who historically shone brighter than Buffett have long since turned to dust.

The reason for this phenomenon is that there are too many black swans in the capital market; the dollar-yen carry trade on August 5 leading to circuit breakers in Japanese and US stocks is just a small scenario.

During the 2008 financial crisis, US financial stocks could drop by 98%. Although everyone understands stop-losses, in a place where human nature is in conflict, a single loss can render past victories meaningless.

Remember: There will always be opportunities to make money in the market, but you must learn to convert "speculative" funds into "certain" assets.

If you often walk by the river, you will eventually get your shoes wet; if you are often seduced by women, you will eventually fall for them, unless you are not a man.

If you make money in a risky market, you must cash it out, turning the money earned from the risky market into almost risk-free cash, buying insurance policies, time deposits, treasury bonds, etc...

Buying stocks/cryptocurrency is merely stepping from one risky market into another.

True experts are not about chasing every wave of the market, but rather knowing when to enter and when to withdraw.

P.S.: I do not think we are at the peak now; I just hope my fans remain rational.

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