Recently, I was hit by two events in a row. One was a feature discussion by an economic media outlet about how ordinary people can completely collapse due to an accident; the other was a line from a TV series—"As long as you keep your bottom line low enough, life can't catch up with you." When these two perspectives are viewed together, it’s like a survival manual tailored for the crypto world.

Let me ask you a harsh question: Over these years, how many times have you been "cleansed" in the circle? Was it the leveraged traders who were instantly wiped out during last year's tariff storm, or the group of people whose funds were taken by some major projects? Currently, the community is discussing a concept—basically, how fragile the financial defenses of ordinary people are, and that any shock can plunge you into an abyss.

But from my 8 years of experience in the field, the most ironic thing about the crypto circle's "kill line" is—it's not an objective fate, but rather a trap designed specifically for those who still have a bottom line.

The essence of the "kill line" in the crypto circle is the critical point where assets can instantly drop to zero under low tolerance for errors. It could be a high leverage liquidation, a project team running away, or a hacker stealing your coins. Unlike the slow financial decline in reality, here, "cleansing" often happens within minutes, with no buffer or rescue mechanism at all.

So why do I say "if your bottom line is low enough, there is no kill line"? This is not some twisted logic. I’ve seen too many real cases—this is the hard truth. First and most importantly: abandoning those "value beliefs" can help you avoid 80% of the traps in the circle. There’s a popular mindset now that treats all public chains and projects as speculative chips, with no faith whatsoever. It sounds cynical, but it’s precisely the key to survival.