source avatar小马戈

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Sometimes retail investors get trapped exactly like this. They hear a single comment from a blogger—saying the next cycle will surge to $30, $100, even $1,000, with 10x, 30x gains—and in a moment of impulsiveness, they invest millions. But after holding for a year or two, the rally never comes, the narrative shifts, and liquidity dries up. If they’re unlucky enough to catch a black swan event, even the person who originally pushed the trade vanishes. The market never lacks people who sell dreams—it lacks those who take responsibility for their own capital. Others are paid to tell stories; you’re responsible for protecting your principal.

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