
Jademont|Oct 11, 2025 02:05
The first bad news I got this morning: yet another old crypto friend of many years has fallen behind. I remember meeting them back in 2013. They were at the level of a 'ten-thousand-coin lord' back then, but unfortunately, they've been obsessed with altcoins all these years, and the more they played, the less they had.
A lot of people attribute the wealth of old-timers to entering the space early and having good luck. What they don’t realize is that holding onto your coins is incredibly hard. Over the years, I’ve seen too many OGs go to zero.
Extreme market conditions like today’s aren’t the first, and they won’t be the last. The only winner in the casino is the casino itself. The casino will always use the wealth effect to FOMO you, designing all kinds of products to trigger your greed.
By the way, I want to comment on a certain argument from the Twitter debates a few days ago. One side proudly claimed that as a platform, their primary goal is to meet user needs—whatever users like, they’ll fully support. The flaw in this argument is that human nature boils down to the seven deadly sins. If you don’t have your own values and instead fan the flames to cater to those sins, aren’t you just playing the role of Satan?
There are many wealthy people in this world, but whether they are respected depends on whether they made their money by exploiting human weaknesses or by leveraging the brilliance of human nature. Between Elon Musk and Stanley Ho, who is more deserving of respect and remembrance?
Finally, I’ll say it a million times and never get tired of it: not your keys, not your coins.
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