#地缘政治风险 When the explosion sounds from Venezuela came through, I knew it was happening again. Geopolitics has a special "role" on the chain—it always manages to wipe out those who haven't managed their risks properly in one go.

Just look at the market reaction to understand—immediately a pullback after the news breaks. I've seen this pattern too many times. Many people don't actually lose because of the project itself, but because of these black swan events. They never ask themselves: Can the assets I currently hold withstand a geopolitical shock?

Honestly, this is not alarmist talk. Historically, every time geopolitical tensions rise, there is a panic outflow of funds. Especially those positions with high leverage and unreasonable stop-loss settings, which become the targets of liquidation. I used to make this stupid mistake too. Now I see these events as a reminder—markets are always more fragile than you think.

Are people still FOMOing to buy the dip? I tell you, the smartest move is: maintain enough cash reserves, keep your position at a level where you can sleep peacefully, and never bet all your chips. Geopolitical risks accumulate day by day, and no one can predict when the next shock will come, but ensuring you can survive long enough—that's the fundamental logic of the long-term game.

Those who claim "buy the dip even when it falls" will realize what helplessness really feels like when the next explosion sounds.