#数字资产市场洞察 Recently pondering a question: why do some people make a fortune in the crypto world but end up leaving in disappointment?

Thinking of a few veteran players I know. One of them once had a fund size at A9 level, and at his peak, earning "a fortune daily" was no exaggeration—just singing a song overnight could bring in tens of thousands to hundreds of thousands, and he even threw millions at his favorite people in one go. Back then, making money was like turning on a tap; you couldn’t stop.

But now? This guy isn’t doing so well.

Where’s the problem? Youthful arrogance and lack of financial awareness. Money comes fast, so it’s spent even faster—this is a sickness that needs treatment. At that time, the bull market was hot, spot and futures trading were both profitable, and the whole market was filled with a carnival atmosphere, so no one thought about controlling their desires. It was like the mentality of a nouveau riche, spending recklessly after making a profit.

Then the bear market hit.

$BTC plunged sharply, with spot and futures both falling. His net worth shrank instantly, and combined with some other poor decisions, he completely crashed. There are also a bunch of traders he’s not very familiar with, with funds at around A8 level, and now they’ve all disappeared—most likely they lost everything and left the scene.

This is the most heartbreaking reality: in the crypto market, making money depends on ability, and preserving wealth also depends on ability—and it’s the "ability of abilities."

Many haven’t made their first dollar yet, but I want to tell you—you will have that moment sooner or later. The real test isn’t making money, but how you protect it afterward. Experience has shown me that there’s only one effective way: withdraw in stages, don’t go all in.

Greed is deadly; stability is the key to long-term survival.