Occasionally seeing people who have been exposed to Bitcoin for many years, I curiously went to the homepage to take a look, which was filled with content such as altcoins and transactions. Indeed, these contents contained valuable things, and even I myself was involved in them. But I have to admit that these contents have caused us to stagnate. It is easy to criticize others, but it is not easy to reflect on oneself from the world. I always say that I am weak and unable to recognize true treasures. But babies have always been within reach, repeatedly appearing on the first page of books and news headlines. Buffett also acknowledges that it is difficult to outperform the S&P 500; Almost all exchange CEOs are buying Bitcoin. But there are still people looking for better, without filtering mechanisms, switching between different narratives, so funds/attention are scattered, and they remain stagnant. The explosive development in the early days of the cryptocurrency industry gave rise to a toxic culture: always looking for the next breakthrough point, always thinking about rapid growth in the short term, exchanges always encourage users to increase leverage, and the square is filled with flaunting after making money, leading them astray. Duan Yongping said that being responsible and having a calm mind, doing the right thing, and doing things right. But in the cryptocurrency industry, most people do the wrong things and get them right: continue borrowing money, continue staying up late, continue chasing until they are eliminated. The devil does not like truth and sunshine, and gamblers also do not like to stop. The reason why I did it is not because I know about the survivorship bias and the law of gamblers losing everything, but many people refuse to know. If it is easy to identify obvious gamblers, then half baked individuals or KOLs in the name of investment research are highly lethal. They are not IQ50, let alone IQ500, but poor people who are packaged as IQ500 but actually IQ60. Honesty is an extremely difficult quality to possess. I like a type of person who consistently rejects crowds, stands at a distance, calmly observes the excitement, speaks the truth, embraces life, is not influenced by rumors and gossip, and has a strong inner self. I have found it. Don't look for the next one until it is verified. Perhaps practice is like this, perhaps investment is also like this.