I rarely watch tweets anymore. One is that there is a strong sense of hostility, and the industry is in a state of desolation without alpha. For beta, most people are just noise and have no reference value. The financial market is result oriented, and they can't make big money on their own. What they say is just nonsense. In the epic bull market of 2021, I did not experience any beta, and I reflected deeply afterwards. I roughly understand the idea of "hoarding coins in bear markets and selling coins in bull markets". Then by the end of 2022, I bought 400 BTC at an average price of 17000 yuan under the KTV building in Northeast China. I sold out after an increase of over 4000 dollars. In 2025, I calmed down and bought a 10m ETH at almost the bottom of 1500. Then I thought it would fluctuate for 2-3 months and wanted to do some band testing, but within a week, it turned upside down. My current understanding is that this may be due to a lack of mental fortitude. I always like to memorize the previous candlestick chart. History is similar, but different. The bottom of previous bear markets can fluctuate for a long time, half a year, or even a year. In 18-20, ETH dropped to around 100 three times. ） I vaguely remember when FTX was hit hard in 2022, it only fell by 15%, from 18000 to 15500. How many people said that the industry was gone and BTC would definitely return to four digits. I also vaguely remember that when Tencent fell below 200, the entire market was about to be replaced by the government. I once said a very offensive sentence before, that there are no people in the secondary market who have earned money in 2-3 years and have a 10m deposit, and the discussions about the secondary market have little reference value and lack perspective. I have a relatively large amount of funds now, so I will look up even more. I have been thinking about how to grow my funds of this size. Most of the funds are not large, but they are the same. It is important to observe how people in the same class or 1-2 levels higher than oneself behave. My current observation is that on the chain, not including exchanges, we can see that large amounts of funds are silently buying bottom in bear markets, ignoring short-term fluctuations. There is no hint of buying at the bottom, just to warn oneself that once you make a move, don't invest in the market. The market cannot make big money.