@myone
This is a story about Zhang, the "Genius," and Zhao, the "Veteran."
In 2021, Zhang entered crypto. He got lucky—his first coin did a 20x.
He felt he had "cracked the code," a hidden trading prodigy.
He quit his job to trade full-time. He lectured everyone in group chats, mocking the "old-timers."
Zhao, a veteran who survived the 2017 bear market, warned him: "Everyone is a genius in a bull market. Manage your risk."
Zhang scoffed. "That's old news. This time is different. $BTC$ is too slow, the future is in these new L1s!" He went all-in on his "king-level" project with 10x leverage.
The bear market arrived.
The market crashed, hard. Zhang held his position, then got liquidated.
His "king-level" project, which he was so proud of, stopped development and crashed 99%.
Overnight, the "genius" fell from grace, deep in debt, and quietly logged off.
And Zhao?
His portfolio was also down 70%, but he was unbothered. He uninstalled his trading apps, got a job as a Web3 researcher, and quietly stacked $ETH$.
The new cycle began.
Zhao's portfolio reached new all-time highs long ago.
Zhang is still working a day job, trying to pay off the debts he racked up in the last bull run.
The lesson:
The market is the best teacher, specializing in curing arrogance and hubris.
Don't mistake luck in a bull market for skill.
Stay humble, or the market will humble you.
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