Many people ask about investment stories outside the crypto world, so I’ll share my own experience.

In 2013, when I graduated, I was scammed into a so-called non-performing asset project, losing 3 million yuan. Honestly, the promise of a 2% monthly return at that time was quite tempting — life was very comfortable during that period.

But good times didn’t last long. The returns started to shrink, and by 2017, it directly爆雷. Later, I reviewed the track record of traditional investments, and from a pure cash perspective, I basically didn’t break even. I did accumulate a bunch of paper-based equity, all waiting for the company to go public so I could realize the gains. But guess what — I’m still waiting.

After these years of tinkering, I finally understand what "high return promises are just traps" means. Compared to those illusory numbers, I care more about real liquidity and controllable risks. That’s also why more and more people are starting to reevaluate asset allocation — the credit costs through traditional channels are just too high.