I was so excited, I thought the bull market had arrived.

There used to be two major rules in the cryptocurrency world: 1: Listen to Li Xiaolai, but don't buy his coins. 2: Don't look at what Sun Yuchen says, look at what he does. Anyone who violates these two rules will get burned.

Bear Market Declines: BTC -41% ETH -53% Dogecoin -80% SOL -68% XRP -59% LTC -61% Even with such declines, Bitcoin and Ethereum still seem the most stable and worth holding onto.

Granny Wang was also bewildered. She had no chance of marrying up, was afraid of being taken advantage of if she married down, was unwilling to marry at the same level, and was constantly pressured not to marry. She admired the strong but did not strive for self-improvement, was parasitic but did not coexist, and was mediocre without realizing it. This seems to be the kind of person described...

Your life has been a constant struggle. You buy into tech, and geopolitical tensions erupt. You switch to oil and gas, and conflict becomes mere rhetoric. You return to tech, and war reignites. You switch back to oil and gas, and all sides suddenly reconcile. You go all-in on tech, and oil fields are bombed. You go all-in on gold, and the world is instantly at peace. You go all-in on cryptocurrency, and the Federal Reserve immediately raises interest rates. Everything seems right at first glance, but in the end, everything is wrong.

In 2015, I actually invested a small amount in ETH. Looking back now, I should have been sitting back and enjoying Bitcoin by now. But the reality is... When it surged to seven figures for the first time in my life, I was so excited I couldn't sleep, I thought I was about to achieve financial freedom. Then it plummeted back to five figures overnight. I stared at the charts and cursed for three days. What rubbish! Then it went up and down and up again. Every time it crashed, I wondered, Is this really the end? Every time it hit a new high, I wondered, Am I a genius? Several times my account balance was halved by 90% or more. My hands trembled as I clicked on sell orders, but I didn't. It wasn't because I was so great, it was because I was too lazy to do anything, and I couldn't find my password in the safe. Now many people say, "If only I had held on!" To be honest, even if I gave you the spoilers, you'd most likely have run away at the first big pit. Because that's human nature: when greedy, you think you're the chosen one; when fearful, the whole world is against you. The cruelest thing in the crypto world isn't going to zero, it's repeatedly oscillating between the peak and the abyss for ten years. Can you handle that? I don't know if I can. Anyway, I haven't sold yet.

Having been in the crypto world for over a decade, I've come to realize that the most hardcore strategy is to simply hold cash and wait for the crash. Only firing 2-3 shots a year yields an absurdly high success rate. Last year, during that panic sell-off, my friend held cash for over half a year, only going all in on the day of the liquidity crisis, and then just sitting back and counting his profits. The rest of the time? He basically just watched from the sidelines. The crypto world experiences 1-2 "apocalyptic" crashes every year: black swan events, policy shocks, whale exits, stablecoin flash crashes… drops of 20-50% are commonplace. He specializes in profiting from these "mistakenly killed" coins: coins he's thoroughly researched, whose fundamentals haven't collapsed, but which have been driven to rock bottom by panic selling. This strategy is consistently profitable in the long run, relying on four ironclad rules (missing even one can easily lead to failure): 1. Extreme Patience – Endure long periods of being out of the market, resisting the lure of small fluctuations/meme FOMO. 2. Always Have Ample Ammunition – Keep a large portion of your portfolio in cash/stablecoins, only going all in when the opportunity arises. 3. Contrarian Courage – Dare to jump in during periods of bloodshed and chaos (most people only want to run then). 4. Go All In When You're Confident – Not just casual fun, but going all in on high-certainty opportunities (don't spread your investments evenly). In short: Panic is like money given away by others; cash is your superpower. The true veteran is the one who can wait, dare to wait, and dare to go all in.

The tide of history is impartial; it issues each generation a ticket to its era. My father's generation was called "Reform and Opening Up"; my generation is called "Artificial Intelligence." He missed the boat amidst the wave of GDP growth, while I stand on the cusp of AI's rapid advancements, watching the sails. We both see the distance, yet we both hesitate in the same place. It turns out that understanding the times and keeping up with the times are separated by a river called "me." Only today do I realize that I am myself A person who is awake, but hasn't yet learned to swim.

The current market signal suggests that if 76,000 was indeed a recent high, then a prolonged period of sideways consolidation is likely, potentially lasting two to three months. However, if, as previously anticipated, short sellers accumulate liquidity around 80,000, the market will move much faster, most likely breaking below 60,000. Personally, I believe that in either scenario, establishing 60,000 as a bottom is highly unlikely, with a probability of only around 30%.

What exactly is Yi Lihua doing? He almost killed me.