The friend who went from zero overnight in Moments, the real opponent is not the market, but the reflection in the mirror.
He believed in the promises of a certain "trader" and thought he could withstand it, but in the end, his account was wiped out. Behind this incident lies the pathological logic of the entire market: a group eager to get rich overnight, closely followed by a group of pretenders, all falling into the same trap.
Ironically, we come in under the banner of "decentralization," but end up handing our brains over to more centralized "influencers." The screens are full of show-offs and slogans, cutting into the part of you that refuses to think independently. What’s scarce in this market isn’t gamblers—there are plenty of them—but truly clear-headed players.
Look at the current situation. BTC is still grinding, and the negative premium indicates no new funds are flowing in, just internal competition among existing holdings. ETH is stuck around the 3000 mark, with upward pressure coming from staking release arbitrage selling. Even more interesting, market sentiment has been in extreme fear for two consecutive weeks. Looking back at history, such extreme emotions often signal that a turning point is near. Smart money has long since gone into defensive mode.
Every time you make a move, the bottom line should be: "What if I’m wrong, can my account still survive?" not "How high can it go?" Using your principal to verify someone else’s myth is never a profitable trade.
The prerequisite for making money isn’t just following the right direction, but being able to trade according to principles during both euphoria and panic. That’s the real skill.
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DiamondHands
· 01-15 13:58
Really, it's just foolish to follow those "big V" influencers at this point. Not thinking for yourself deserves to be cut.
His analysis is pretty good, but truly, people who are market-conscious are indeed rare; most still want to gamble.
Extreme fear? I see this as a bottom signal. Smart money should be lurking quietly while defending and shrinking.
Well said, risk control always comes first. Only when the account is alive can there be a chance for a turnaround.
This wave of market is indeed internal conflict. Without new money entering, just existing players fighting each other, it's hard to see any short-term improvement.
Stories of going to zero are too many; every time it's the same routine, so tragic.
ETH stuck at 3000 without movement, the staking sell pressure is indeed high, but when market sentiment reverses, it might be very violent.
Independent thinking is really scarce. Most people’s brains are long dead; they only copy others' orders.
Playing according to principles really hits the mark. Making money isn't about guessing the direction; it's about surviving to see the reversal opportunity.
Two consecutive weeks of extreme fear. Historically, this position indeed warrants attention. Could it be a trap to lure in shorts?
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Degentleman
· 01-15 13:58
Really, that guy is the living example of the opposite lesson. Resisting temptation is much harder than resisting a decline.
Entrusting your mind to influencers and your wallet to the market—that's the fate of most people now.
Having a live account is more important than anything else. This hits hard but is true.
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WalletDoomsDay
· 01-15 13:57
The person in the mirror is actually the biggest enemy. That’s a harsh statement, hitting right in the heart.
Entrusting your brain to big V influencers is essentially paying tuition, there's no way around it.
U premium discount is indeed a signal, but only a few can truly understand it. Most are still betting on a reversal.
Sober players are indeed scarce. I often doubt whether I am that sober one.
This wave of extreme fear is real. Will history repeat itself, or is this time truly different?
The awareness of bottom-line is spot on, but executing it is extremely difficult.
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SneakyFlashloan
· 01-15 13:53
Honestly, the mirror analogy is perfect. The guy who wiped out overnight probably feels pain even when looking in the mirror, but if he can reflect on something from this, it’s not a total loss.
Basically, it’s like his brain has been cut out, and he still blames the market for being unfair.
I agree with the U-negative premium part; indeed, no new blood is coming in, just mutual bloodsucking.
I think there aren’t many truly sober players; most people come in with a gambling mentality, which is nonexistent.
The bottom line awareness is maxed out; if you see things wrong and your account still survives, that’s real skill.
People who understand risk control have already curled up in extreme fear, and this is actually an opportunity.
Listening to big V’s words is just for reference; you need to have your own judgment, or else you’re just a leek.
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0xLostKey
· 01-15 13:33
That was really harsh, it hit right in the heart. These stories are played out every day, just watching them is annoying.
The person in the mirror, this phrase is perfect, basically it means greed.
Again, a trader and a big V, I really laughed. Under the banner of decentralization, but in the end, they still kneel at someone's feet.
You're right about the U premium discount, internal competition among existing assets, new money indeed hasn't come in.
The bottom line should be engraved in everyone's mind, if anyone can remember this, they won't go to zero.
There are never many sober people in the casino, and this time is no different.
People who follow the trend are always the last to take the bailout.
Looking back at historical data, does extreme fear really lead to a trend reversal? I need to look into this more.
What are the sober people doing? Are they curling up in defense or secretly bottom fishing?
Survival is more important than anything else, this is the only bottom line I have right now.
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LoneValidator
· 01-15 13:31
Handing over your brain to influencers—that's laziness. I really can't understand it.
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The guy whose account was wiped out was actually cut by his own greed. There's nothing more to say.
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The detail about U negative premium hits home, indicating that no new money is entering the market; it's just traders cutting each other.
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Two consecutive weeks of extreme fear? That actually makes me a bit excited; a market reversal might be near.
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"What if I misread the market and my account survives?" Most people simply can't reach that bottom line.
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The irony is that, under the banner of decentralization, it ends up more centralized. Who profits and who loses in these trades is obvious.
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BTC is grinding, ETH at 3000—sounds like the market is waiting for a big event.
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Sober players are scarce. That's so true—gamblers are everywhere.
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Don't chase the trend, chase principles. It's easy to say, but actually doing it is hell.
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That guy probably also shared his gains before his account was wiped out—that's the cycle of life.
The friend who went from zero overnight in Moments, the real opponent is not the market, but the reflection in the mirror.
He believed in the promises of a certain "trader" and thought he could withstand it, but in the end, his account was wiped out. Behind this incident lies the pathological logic of the entire market: a group eager to get rich overnight, closely followed by a group of pretenders, all falling into the same trap.
Ironically, we come in under the banner of "decentralization," but end up handing our brains over to more centralized "influencers." The screens are full of show-offs and slogans, cutting into the part of you that refuses to think independently. What’s scarce in this market isn’t gamblers—there are plenty of them—but truly clear-headed players.
Look at the current situation. BTC is still grinding, and the negative premium indicates no new funds are flowing in, just internal competition among existing holdings. ETH is stuck around the 3000 mark, with upward pressure coming from staking release arbitrage selling. Even more interesting, market sentiment has been in extreme fear for two consecutive weeks. Looking back at history, such extreme emotions often signal that a turning point is near. Smart money has long since gone into defensive mode.
Every time you make a move, the bottom line should be: "What if I’m wrong, can my account still survive?" not "How high can it go?" Using your principal to verify someone else’s myth is never a profitable trade.
The prerequisite for making money isn’t just following the right direction, but being able to trade according to principles during both euphoria and panic. That’s the real skill.