✍️ No one wants to be Buffett, they just want to get rich Another topic has arrived, how do people choose between sudden wealth and gradual wealth growth? People don't want to spend 70 years getting rich, they just want to get rich overnight. Most people crave sudden wealth I don't know from what psychological perspective this is, but every time I make a wish, I hope to become rich suddenly. And everyone's phone cases and refrigerator stickers all have words like '20xx Rich Suddenly' written on them. Everyone who comes to the crypto or financial industry is thinking of getting rich overnight, and even buying lottery tickets is for getting rich overnight. Everyone should have learned from a young age the logic that "risk and return" are directly proportional, knowing that the greater the risk, the greater the return, and correspondingly, "the bigger the storm, the more expensive the big fish. From various phenomena, the reason why many people crave for "sudden wealth" is because they feel that the "required time" may be shorter and the "dopamine" it can bring is more exciting? From a biological perspective: Instant feedback of dopamine: High leverage contracts or high odds gambling can bring huge emotional fluctuations with profits and losses within a few minutes. This kind of stimulation (regardless of winning or losing) is itself a strong source of addiction. So from a sensory perspective, getting rich suddenly is really refreshing, always getting rich suddenly is always refreshing! Survivorship bias+wealth creation myth In this circle, you can always hear who bought a hundred or a thousand times the amount of coins, bought a local dog and turned over directly. You can always hear who xxx opened a high magnification contract and earned hundreds or thousands of times in just a few days. It's getting better now. Most of the analysts on the blockchain who capture it are "losing money", which makes people forget that there is still "making money" on the blockchain. Whether it's @ Jackyi_1d, "Insider 1011," or "@ machibigbrother," they are all vivid textbooks. The problem now is that it's either a "big profit" or a "big loss", and the media doesn't have a middle ground to choose from, they can only make extreme choices. Asymmetric nature of high leverage There is no concrete sense of implementation for money, only an illusory feeling for numbers. I don't know that every penny is worth every penny, but always remember that losses are limited and profits are infinite. Many people work hard to deliver takeout, and when they receive the money, they immediately rush in and enjoy the feeling of turning one delivery into 10000 deliveries. I just want to eat and become a big fat person in one breath. Slow is fast. Recently chatting with friends, I said that every time I want to make a quick profit, I find myself dying suddenly. If I want to earn slowly, I can indeed earn it. And the most important thing is, don't expect to become a big fat person in one breath. Every time I buy something, I earn more than ten times without running. I want to eat a hundred times and then go straight to zero 。 Accumulate slowly, I feel like I can't make quick money anymore. Fortunately, a few days ago when it fell below 90000, I basically closed all my long positions and felt like I couldn't play. The even more surreal story of the day @ hebi555: As soon as Teacher He returned home for the Chinese New Year, the entire market plummeted in a straight line, making me suspect that he had actually been on the tray all along and withdrew the mysterious funds from the tray during the New Year. ✍️ At the end: The higher the leverage, the more you may earn. In fact, the leverage ratio is the most important. Of course, most people, like me, are ordinary people who cannot control leverage and can only use it as an auxiliary tool.