Post

These past few months after this year's halving loss have made me completely realize one thing. The money earned in the past few years was not entirely from knowledge monetization; more was granted by liquidity. During those years, the Federal Reserve unleashed epic liquidity, global liquidity overflowed, and the crypto space entered a season of altcoins. As long as you had capital, dared to buy, and held on, many assets could eventually make money. The real test comes after the liquidity recedes. When the market no longer rises universally, when valuations begin to contract, and when every transaction must be supported by fundamentals and logic, only then do you know which profits were given by the era and which truly belong to yourself. This round of pullback is not a bad thing for me; it has made me respect the market again and understand that investment cannot mistake luck for strength, nor can it mistake a bull market for one's own ability. In a bull market, you earn money from liquidity; in a bear market, you earn money from knowledge. Only by going through a complete bull and bear cycle can the money earned truly belong to you.