#加密货币监管 Seeing this wave of comments, I need to calmly pour some cold water. Yi Lihua said that now is the best spot investment period and there will be great benefits next year—I've heard this kind of talk too many times, each time accompanied by the motivational phrase "endure a few hundred dollars of volatility for a few thousand dollars of returns."

The problem is, these words are often spoken when market sentiment is at its highest. Cryptocurrency policies, interest rate cuts and liquidity injections, and financial on-chain activities are indeed long-term positives, but don't overlook one detail: the direction of regulation is always more complicated than expected. Can we equate this year's policy friendliness with next year's policy environment?

My experience is that whenever someone uses "enduring volatility" to comfort retail investors, it's usually when large funds are quietly building positions or offloading. The "last effort" of contract shorts sounds like a bottom signal, but I've seen too many false breakouts like this.

If you truly want to invest in spot, my advice is straightforward: ask yourself three questions—can you afford to lose this money completely? Do you really understand the project’s lifecycle? Are you investing or gambling? If you can't answer these, no matter how many positive expectations there are, they won't save you.

Long-term optimism doesn't mean taking off next year; protect your principal, live long enough, and only then will you be qualified to enjoy those benefits.