At three in the morning, I sat slumped in front of my computer, staring at the few digits left in my account, with my finger hovering over the sell button for a long time. Two and a half years ago, I poured 50,000 yuan with the dream of "the light of domestic public chains." And now? A spot of 10,000 yuan lies on my wound after cutting 40,000, a vivid failure case.

The most heartbreaking part is still to come—my contract exploded with 400,000, and the "master" I followed lost another 30,000. The candlestick chart looks like a venomous snake, gnawing away at my two years of savings, bonuses, and all my fantasies about the future. At that moment, I asked myself: Why do I keep losing every time I buy? Should I completely give up?

I stayed awake all night, digging out all my trading records from the past two years. The more I looked, the more scared I became, discovering a terrifying truth—every operation I made was not my own decision. Influencers shouting signals, consensus in groups, trending topics... I was like a headless fly, blindly crashing in the storm of information, never truly understanding what I was investing in.

Until that day, I casually clicked on a project's code repository.

There was no fancy official website animation, only cold lines of code. I started to read it with a stiff neck—threshold signatures, contract logic, data verification mechanisms... each technical detail opened a new window for me. At that moment, I understood that to survive longer in this market, I needed to shift from passively receiving information to actively understanding the project itself. Investment is not gambling; it is a deep understanding of the matter.