Today, silly brother talked about the losses of shanzhai and the changes in the market in the group chat. The calmness and reflection shown during low tide indicate evolution Although financial capital has been lost, there has been a qualitative improvement in mental capital How could you know it is not a blessing? We can still invest until the age of 90, and a brief loss of financial capital in exchange for an improvement in mental capital may not necessarily be bad The successful experience of history, Tunshanzhai is a small path Combining the judgment of market structural changes and the order of liquidity overflow is an upgrade of thinking From the shanzhai cycle adsorbed in large cycles to specific narrative short cycles It's also a change in thinking In fact, these principles have always existed, but they have been manifested in different market periods The objective laws have always been there and have never changed The principle of large numbers constrains most people who suffer significant losses Trapped in a state of disappointment, pain, and intellectual disability They were eventually eliminated by the market, and the cause of death is unknown Calming down, reflecting and reviewing, and verifying the correct methodology seems to be a rebellion against one's own destiny Only such people can succeed and achieve great success Everyone's life is a journey to zero, and fate seems unable to resist Nowadays, being able to change one's thinking is already stronger than 99% of people, and it belongs to those with high comprehension Huge losses will suppress rationality, as stated in textbooks If you are truly a 'value investment', then there are hardly any investment targets outside of BTC in the cryptocurrency industry From a higher perspective If you choose a knockoff leader in any sector similar to the bull market of 2021, there is a probability of over 80% that you can endure a surge. The market has indeed seen various sectors rotate and skyrocket So, the probability of redemption is high with a low rise, and it can be taken for granted In this bull market, almost all sectors have seen their leaders fall by 95% The market is riddled with holes and powerless to cover up So, the dead take strategy will likely result in the death of the principal The underlying reason is that counterfeit wood has liquidity to enter the market On the one hand, it is the primary market that has issued 100000 times the amount of tokens, scraping away the gambling funds attached to the knockoff like a scraper. Higher volatility at the first level On the one hand, this round of new funding, similar to microstrategy, is very calm and does not play knockoff. Last time, people like Sam and Down disappeared On the one hand, this round of new funding, similar to microstrategy, is very calm and does not play knockoff. Last time, people like Sam and Down disappeared Therefore, the market structure has undergone a drastic change From the BTC big cycle+the knockoff cycle attached to it, it has evolved into the BTC big cycle+specific narrative cycle Looking at it from a higher dimension, the self who takes it to death, the self who trades it It will be clearer