#Strategy加仓BTC Recently, I've been pondering a question—have you ever had this feeling—

Ultimately, each of us is participating in some form of investment gamble. It's just that most people are unaware of it.

Friends aiming for government jobs are betting on the expectation of a "stable system," pouring their best years into civil service exams and essays, essentially buying a call option on the appreciation of the national governance system. Can you afford a house? A 30-year mortgage is a heavy bet on the economic growth of a certain city, with high leverage. The same goes for educational inflation—graduate studies are becoming more expensive, while the actual value of degrees is shrinking. How many people are spending three years and enormous opportunity costs chasing a certificate that’s increasingly devalued? $ETH

The paradox here is: the moment young people open stock trading apps or start trading spot or options accounts, they suddenly become targets of nationwide criticism. But have you noticed? The harshest critics are often dressed in the same "value investing+" leather jackets—they just pretend not to see the macro gamble they’re involved in, turning around to criticize others’ candlestick charts.

The most ironic scam unfolds like this: convincing most people that they are on the sidelines when, in fact, they’ve already been forced to bet. When everyone is spinning the asset roulette wheel, the clear-headed speculators at least know they’re taking risks, while those with blindfolds on are actually glorifying their shackles as talismans.

Now, here’s the question—how big is the bubble? Looking at the market trends in commercial aerospace, I’ve advised those around me not to chase highs. Who can guarantee that in a few years, some of the currently hot sectors won’t turn into the next bubble? The most painful part is that the A-share market lacks a short-selling mechanism, and options are limited in their ability to short commodities (commodities generally resist inflation, so even if there’s a bubble, it’s hard to cut it in half). Otherwise, I would have already taken reverse positions in some popular sectors.

The path of investing is like this—knowing what you’re betting on is far better than passively enduring it.