Recently, I have looked at many projects and feel that there is at least a 10x potential. But from a global macro perspective, there is indeed a possibility of a mid- to long-term cut in this position. It’s not really the best time to rush in right now. Even if there is a short-term increase, it’s easy to fall back later, and the returns don’t justify the risks. So it’s better to stay calm and continue observing.

The crypto market has rebounded a bit recently, but the momentum still feels insufficient. BTC faces significant resistance around 98,000-100,000, so I will continue to wait.

In fact, the principal can be accumulated slowly. Opportunities that truly change lives often only come once every few years. The problem is never a lack of good targets, but judgment and patience. On the other hand, people with less capital are always thinking about turning things around, and this mindset is the easiest to cause problems.

Warren Buffett has an interesting saying: If you only have 20 investment opportunities in your lifetime, you will be especially cautious. Munger also said that removing their top 10 most successful investments, the remaining results are actually quite ordinary. The logic behind this is clear — ordinary investors don’t need to seize every opportunity; as long as they can identify those few key moments with low risk and high reward, it’s enough to change their life trajectory.

Looking back over the past ten years, only about 4 "life-changing trades" have truly had a decisive impact on the outcome, and almost all of them occur once every few years. Most of the other time is uneventful. The rest of the time is spent doing one thing — avoiding pitfalls.

These pitfalls are not only in investing. Real life is the same — relatives, relationships, marriage, career, all present unseen tests at different stages.