In the last bull market, your account surged from 50,000 to 2,000,000.

You started looking at luxury cars, disdainful of the dead-end salary, walking with your nose in the air.

You felt destined to make a living from trading, even subtly showing off in your social circles.

You firmly believed that as long as you doubled your money again, you could permanently exit the game.

Then the script took a sharp turn: interest rate hikes, explosions, and successive liquidations.

Watching your account drop back to 1,000,000, you told yourself that such a drop in a bull market is just a technical correction,

When it fell to 500,000, you gritted your teeth, thinking that as long as you don’t sell, it doesn’t count as a loss.

When it dropped back to 50,000, you had become completely numb, too lazy to even open the trading software.

Finally, during the long consolidation at the bottom, because of urgent financial needs in real life, you sold all your coins at the lowest point to cover a few months' rent.

The harshest punishment in the crypto world is never about making you lose money from the start.

Instead, it’s about letting you experience the peak once, giving you infinite hope, and then over a few years, watching it be slowly drained away, all reduced to zero.