There is no bull market or bear market—only buy and sell points

Long-term compound returns are more worth it than getting rich overnight

In this era, there’s never a shortage of stories about “getting rich overnight.” Whether it’s in the crypto world or the traditional investment world, those big shots are always talking about controlling drawdowns, value investing, and protecting capital.

But to put it plainly, a lot of the people who took off back then essentially rose through a single, high-stakes gamble. So now, whether you’re brand new to the space or you’ve been around for quite a while, everyone’s strategy tends to be pretty impatient and restless.

Win once—that’s called luck;
If you can keep winning, that’s real skill.

Getting rich overnight depends on timing and conditions;
But whether you can keep compounding your money depends on your mindset and discipline.

Recently, I’ve seen a lot of people blindly idolizing various “big shots,” and honestly, there’s no real need for it. For 90% of those who managed to rise up back then, to put it bluntly, they just happened to catch the right rhythm + had the nerve to go All in. But the probability of truly going all the way to the end by going All in is ridiculously low—one in a hundred thousand, one in a million.

The question is: do you really think you’re the “survivor” who can make it to the end?

The reason I’m bringing up this topic is that in the past two months, some of the more well-known KOLs in the crypto space have had pretty high drawdown rates—but there are always uninformed retail investors who think a big market move is coming, and then, time after time, get liquidated in every upswing and downturn.