I talked to Mr. Li at the village entrance for a long time today. He was the earliest cryptocurrency trader in Malan Village He used to have a net worth of A10 and started mining in 2013. At that time, Bitcoin was mined with a shovel, and there were dozens in one shovel. At its peak, his family had three floors dedicated to storing Bitcoin. When the first bull market of Bitcoin took off, he said that he woke up with tens of millions of dollars in his account every day, for many consecutive days. I asked him, why are you working as a security guard at the village entrance now? He sighed and said, 'Walking by the river often, there are no shoes that don't get wet.'. Human nature has no bottom. The woods in the cryptocurrency circle have grown, and various situations have begun that may cause you to lose money. I started my career in technology in my early years, but I don't have much experience in speculative or capital operations, let alone risk control. If someone floats up, I feel like the king of the world. Speaking of which, he took a deep breath of the remaining half of his cigarette. I have a little bit of fame in the circle, with various dinners and big shots handing over business cards, from carnival to carnival. Later on, I invested in several projects and lost several hundred million yuan. I was cheated by a mining machine operator in Hangzhou and lost another hundred million yuan by participating in any staking. FTX was hit hard and almost 80% of its assets were lost. When he said these things, his tone was very calm, as if it wasn't his business. But not all of these things were lost, even if there were various failures at that time, there were still tens of millions of dollars in assets in the end. Why did they all end up losing everything in the end?? I asked him a question and handed him a cigarette, but he didn't look at me. He just reached out and took the cigarette and put it in his mouth, staring straight ahead. I lit a cigarette for him, and the spark of the lighter ignited in his eyes. .... to be continued