The cryptocurrency market is a high-risk environment. Even if your investment strategy is very conservative, you could lose all your on-platform funds, including but not limited to exchange bankruptcies, on-chain thefts, or even stablecoin de-pegging.

So, if you make money, remember these few off-platform matters. First, ensure your primary residence has no mortgage. Without a mortgage, you won't have daily rent expenses, which can save a lot of money. Second, regardless of whether your parents have additional security, set aside a sum of money for them that they cannot touch—simply put, money that can support them comfortably into old age if you were to pass away. If you have children, prepare a trust fund for them, enough to maintain their quality of life until they reach adulthood. These are basic needs and not about pursuing personal material desires.

At this point, your mindset within the market becomes free. Avoid borrowing with time limits.

Sometimes, when I keep losing money consecutively, I jokingly say to myself that if this continues, I might lose everything. During such times, some people care about others, and some care about money. These situations are either on the path of disappointment or on the path of letting others down. But it's okay to talk about it; just try not to lose everything. "Don't bet all the money you need on earning money you don't need," is a lesson Buffett summarized from long-term capital failures. Losing money in this market can happen very quickly, and most people are unaware that they are on the path to bankruptcy.

One year, my funds were frozen for several months, forcing me to scramble around for two months and earn about 1 million R, but I also missed a big opportunity because of it. At that time, I also transferred a few thousand U.S. dollars to a friend without him telling me. Since then, I’ve never let myself fall into that situation again.

As long as you have no debt, there are many opportunities in this market. Earning millions of dollars without debt, especially if you have already experienced earning more than that (not just missing out, but actually holding that amount), is very achievable. Without debt, the money is just gone; it doesn’t mean you are gone.

A more suitable approach is to further build your social safety net. For example, if the market collapses or shuts down, are there other businesses that can generate income without having to withdraw living expenses from the market? Chou Cheng-tung’s autobiography, "My Geometric Life," details how even the father of quantitative analysis, Jim Simons, started with part-time work for over ten years before fully transitioning into investing. Munger also gradually shifted from being a lawyer to an investor.