Have you ever seen the craziest gambler?
At 16, he entered with 900 dollars, relying on high-stakes betting, borrowing, and leveraging his funds. Twelve years later, his worth soared to 680 million Hong Kong dollars. That year, he was 28 years old, and if the story ended here, it would be a legend.
But in a gambler's script, there are no words for 'take profit'. He continued to go all in on the real estate market, peaking at a paper value of 2 billion, then— in 1997, the financial storm hit, and the property market plummeted by 60%.
Did you think he would cut his losses? No, he borrowed at high interest rates to keep buying the dip.
In the end, 600 million in principal vanished into thin air, and he still owed 300 million 'suns' (Note: slang in the industry, 1 sun = 100 million). He treated all the era's dividends as his own ability, refusing to give up and ultimately passed away in despair.
This story takes place in the Hong Kong real estate market, but if you have been in the crypto world for more than three years, you will definitely feel a chill: isn't this plot terrifyingly familiar?
Luo Zhaohui's story is a mirror reflecting all high-leverage speculators. It brutally reveals a truth: in the waves of trends, wealth accumulated through courage and leverage may just be 'temporarily stored with you by the times'. Once luck is mistaken for ability and cycles for eternity, what is left when the tide goes out is often not just naked swimming, but also unpayable debts.
This reminds me of countless nights in the crypto world of 'wanting to double and then retire', including my own. But luckier than Luo Zhaohui, my debts stopped at '1 sun'.
This experience forced me to realize a crucial thing: true investment is not about how to win more, but how not to lose everything when you shouldn't. This requires not just the courage to attack, but also to build a defensive structure that 'can hold the bottom line no matter how crazy the market is'.
In this structure, the most crucial brick is called 'stable and credible value anchor point'.
When all assets are wildly fluctuating under leverage and narratives, you need a part of your assets whose only task is 'to maintain stability and provide certainty'. This is not only the art of asset allocation but also the wisdom of survival through cycles.
This is precisely why I take projects like @usddio seriously. What it practices, #USDD sees stability as trust, is essentially building such a 'defensive structure':
Against the 'zero-risk': stability is not profit, but the survival bottom line.
The root of Luo Zhaohui and many tragedies in the crypto world lies in having all assets exposed to a single high-risk, high-volatility direction. USDD throughon-chain excessive collateralizationmechanism locks value to verifiable assets, aiming to maintain price stability in any market environment. It does not seek to make you rich but ensures that a part of your wealthwill never evaporate due to a single wrong leverage or crash.This is your 'psychological safety net' that allows you to dare to take risks in the market.Against 'human greed': rules are more reliable than self-discipline.
We all know 'take profit and stop loss', 'don't be greedy', but human weaknesses always go out of control at critical moments. @usddio provides asolution based on code rules rather than personal discipline.Its collateral ratio and issuance mechanism are transparent and verifiable, with operations constrained by smart contracts. This is equivalent to putting part of your assets in a safe that is 'not influenced by your emotions'.Upgrading the mindset from 'speculator' to 'asset manager'.
Luo Zhaohui has always been a 'bettor'. Modern investment thinking requires us to become 'managers'. Allocating stable assets like @usddio is to establisha conservative and stable core layer. It allows you to have a retreat during market frenzy and ammunition during crises, truly grasping the initiative of your assets, rather than being swayed back and forth by greed and fear.
Luo Zhaohui tells us with a life full of ups and downs: the mountain of gold built on leverage and luck may hide a bottomless abyss beneath it.
True long-termism is when you tie that 'safety rope of never falling off a cliff' for yourself while climbing high peaks.
That rope is often woven from those seemingly ordinary yet unbreakable 'stable cornerstones'.
Have you ever fallen into the cycle of 'doubling and then stopping'? After experiencing market fluctuations, how will you build your asset's 'safety bottom line'?
Looking forward to seeing your stories and thoughts in the comments.
#USDD sees stability as trust.
We cannot predict how long the storm will last, but we can decide to build an unsinkable ship first.