I finally understand the reason why 99% of retail investors in the circle lose money.

Old investors, don't look away.

BTC dropped from 126,000 to 73,000, a halving. Does it hurt?

In October 2025, BTC rose to 126,000.

The whole network shouted "diamond hands," "hold on," "200,000."

You jumped in.

You told yourself: this time is different, this time I will definitely get rich.

In March 2026, BTC dropped to 73,000.

The whole network shouted "the bear market is here," "run away," "go to zero."

You cut your losses.

You told yourself: this time is really different, this time I will really lose everything.

You're always in "this time is different."

Let me tell you a secret.

The difference between retail investors and institutions is not who is smarter.

It’s about who has "their own logic."

You bought at 126,000 because "everyone was shouting diamond hands."

You sold at 73,000 because "everyone was shouting to run away."

You are just a mover who does what "everyone says."

The money you earned is what others don’t want, the scraps left behind.

The money you lost is the opportunity for others to get rich in their eyes.

So who took your chips?

Michael Saylor.

Guess how much he bought it for? 73,000. You bought at 126,000, sold at 73,000.

Then he waits for it to rise back and sells it to you again.

Again and again.

You are the only "contributor" in this cycle.

Why are you always the one getting hurt?

Because you have "fear" and "greed."

But you have no "logic."

Rising → greed → chasing high

Falling → fear → cutting losses

Rising → greed again → chasing high again

Falling again → fear again → cutting losses again

This dead cycle, you’ve been running for over a decade.

Isn’t it enough yet?

I’ll ask you three questions.

What is your reason for buying?

"Others say it will rise"

"I’ve researched, I think it’s worth it"

What is your reason for selling?

"Afraid it will fall back after rising"?

"Reached my selling point"?

Do you have your own standards?

"Sell when it rises to XX"?

"Buy when it drops to XX"?

If it’s all "feelings," "what others say," "what if"—

You are not investing. You are giving money to institutions.

Now BTC is at 73,000.

You think it will fall further. But have you ever thought about

You bought at 126,000 because "others said it would rise"

You sold at 73,000 because "others said it would fall"

You’ve never thought for yourself.

You are just a middleman of "what others say." $BTC