Let me share my thoughts on stock and cryptocurrency speculation: Stocks and cryptocurrencies may both look like K-line charts on a screen, but behind the scenes, they’re two completely different games. The stock market operates on the principle of 'buy the rumor, sell the news.' Before a company’s earnings report is released, smart money has already quietly built positions at the lows. When the earnings are announced and retail investors get excited by the impressive numbers and start chasing the price, those who positioned early are already offloading their shares to the latecomers, taking advantage of the liquidity. Retail investors think, 'The earnings are so good, it can still go up,' while the big players are thinking, 'Sell while it’s hot.' Buying when no one cares and selling when the crowd is hyped—this strategy works for stocks, but in crypto, you might not even get to see the 'crowd hype' moment. The logic of cryptocurrency is straightforward and brutal. No earnings reports, no management analysis, no industry outlook. On-chain data is its fundamental analysis: Are long-term holders (LTH) buying or selling? Are miners accumulating or dumping? Is whale money flowing in or out? These are the 'earnings reports' of crypto. News can create volatility, but it doesn’t dictate the trend. What determines the trend? The K-line, trading volume, and the strength of long vs. short positions tell you who’s putting real money on the line. When the signal comes, you go in. When the signal comes, you get out. There’s no need to comfort yourself with 'I think it can still go up.' Stocks follow 'stories,' while crypto follows 'money.' One relies on vision and patience, the other on discipline and signals. What do you think are the differences between trading stocks and cryptocurrencies?