Greed is human nature. Let me tell you a story about a friend in the circle.
He entered the storm center of the contract market with a bold ambition of twenty thousand RMB. In just two weeks, his assets doubled to forty thousand, and 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 swelled to fourteen times, and the speed of his success made him brim with confidence, causing him to question my philosophy of steady investment and long-term holding of coins. In his view, surpassing my years of accumulation in just a few months seemed to open the door to wealth for him.
However, once the flame of greed is ignited, it is difficult to control. In the third month, he stepped into an even crazier territory—speculating on junk coins, and his assets once soared to two hundred fifty thousand. But the inflated heart distanced him from me, and he ignored the undercurrents in the market. Five months later, when he contacted me again, he had fallen from the clouds, with his assets significantly shrinking to below one hundred fifty thousand due to liquidation and the plummet 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. Although he agreed, he couldn't truly let go of his obsession. Seven months later, when the thunderous crash of Luna shook the market, he actually went all in, using the remaining sixty thousand to gamble on an almost impossible reversal. As a result, Luna's death spiral ruthlessly devoured all he had, and in just one day, his assets vanished into thin air.
This story serves as a cautionary tale about greed and lack of self-control. It tells us how important it is to maintain clarity and discipline in the face of wealth's temptation. The mindset of a reckless gambler will ultimately lead one step by step into the abyss. And those who can control their desires and move forward steadily are the ones who will ultimately laugh in the face of the market's storms.