Eight Years of Stubbornness in the Crypto World: From Rebelliousness to Silence

Many people enter the crypto world full of passion, believing they are unique and sticking to a set of unchanging trading principles. I have also gone through this stage. At that time, I ignored all advice, thinking my judgment was infallible. It wasn’t until one day that I finally understood—in this market, stubbornness often is the first step toward the abyss.

The Cost of Stubbornness: Those Reckless Speculators

Over the years, I’ve seen too many people pay the price for stubbornness. Some jump off buildings, go broke, or risked their entire family’s savings. They share a common trait: never listen to advice, never reflect, stubbornly persist until they lose everything.

The most ironic thing is, only after they are truly wiped out do they say “I’m sorry.” But what’s the point of apologies then? Many people now use these stories to attract traffic and sympathy. Honestly, after experiencing so much, you realize—the essence behind these stories is a combination of stubbornness and luck.

You shouldn’t pity those reckless gamblers, because their failures mostly stem from their own obsession. Instead of wasting sympathy, use this understanding to examine yourself: Am I also trapped in similar stubbornness somewhere?

Keep Your Bottom Line, and You’ll Have a Chance to Come Back

The crypto space is indeed a place where small investments can lead to big gains. But the true meaning of “small investment, big gain” isn’t about risking all your chips, but about seeking breakthroughs while maintaining your bottom line.

It took me a long time to realize a simple yet profound truth: no matter how much capital you have, a good allocation strategy is more important than the amount itself. Always leave yourself a trump card to turn the tide. You’re not born with extraordinary talent; what you need is the capital to stand up again after failure.

This capital can be cash reserves, real estate, or stable passive income—anything that ensures you won’t be absent when market opportunities reappear. If you’ve already sat at the table, how can you expect a chance to turn things around?

Many ask me what constitutes safe operation. My answer is straightforward: Not engaging in futures trading in the crypto space already puts you ahead of most people. If you insist on trading futures, then ask yourself first: can you truly master this tool? Or are you just gambling with your life?

The Truth About Futures Trading: A Tool 99.99% Cannot Control

Futures are like a double-edged sword; they can amplify your gains but also your fears and desires. Essentially, futures are amplifiers of human nature.

I’ve seen too many stories of overnight riches through futures, which then attract hordes of followers. But upon closer inspection, the vast majority end up with losses. 99.99% of people are simply not suited for futures trading because what they lack isn’t technical skill, but understanding and control over human nature.

Futures amplify not only market volatility but also greed, fear, and luck. When these human weaknesses are magnified infinitely, failure becomes inevitable. Instead of losing everything in futures, it’s better to focus on spot trading and long-term investments.

The Ecosystem Dilemma: Between Traffic and Nihilism

Three or four years ago, I said, “In the crypto space, there are only players, no users.” Back then, public chains were everywhere, and GameFi was booming, but after a cycle, I realized it was still the same group of people playing, just under different masks to make money.

It’s still the case now. It’s just these profit-seekers cycling through, with no real new forces or accumulated practical applications. How serious is this ecosystem’s problem? A real market upheaval could easily overturn the current pattern. But conversely, when the same upheaval occurs, other markets might also have significant opportunities.

The industry is growing, but so are the bad actors. From Stanford PhDs to various speculators, the disparity is so vast it’s like “the gap between people and people is bigger than the gap between people and dogs.” This phrase once motivated me, and now I feel its truth more than ever.

Cognitive Upgrade: From Stubbornness to Clarity

Three years ago, I was stubborn, refusing to listen to any advice. I believed in my judgment and ignored risks. Back then, I was like those doomed speculators—reckless, stubborn, full of luck-based illusions.

But now, I have become more silent and more clear-headed. Not because I’ve lost interest in crypto, but because I finally understand—true wisdom isn’t about proving you’re right, but about admitting you might be wrong.

This transformation came from pain, losses, failures, and observing countless tragedies of others. I no longer stubbornly cling to a single viewpoint because the market will prove me wrong; I also no longer rush to persuade others because some must fall before they see the truth.

If the current problems in the crypto space can truly be solved by a market upheaval, it means a new cycle is coming. At that time, those who have kept their bottom line, survived, and remained rational will have the chance to truly turn things around. Those who are stubborn and gamble everything will have already been eliminated.

Advice to Everyone

Don’t be that reckless speculator with nothing. Keep your bottom line, keep your sanity, and keep your respect for risk. The shift from stubbornness to rational thinking may seem like losing something, but in reality, it’s gaining the chance to survive.

The cycle in the crypto space will eventually turn, and opportunities will come again. But the prerequisite is—you are still in the market, not already completely out.