Did it drop? It just dropped a day late. I said I wasn't optimistic about this week's market. It should be the second type of market trend I mentioned in my diary the day before.
I didn’t ask you to open contracts blindly; there are decentralized trading platforms with insurance custody that provide a static 22% return each month. Yet, you worry that the platform might run away. Why is it so hard to please you? If you can't bear the risk, don't play blockchain; delivering for JD or Meituan is fine.
Topping out is an art; I can only avoid the risk of correction at relatively high points to prevent being trapped. Just like playing chess, if divided into ten levels, I am at least at the eighth level.
If 10 years ago,
With 1 million RMB in hand, where will you go?
1. Bought Bitcoin: Now it's 2.624 billion
2. Bought Tesla stocks: Now it's 120 million
3. Bought Apple: Now it's 98 million
4. Bought BYD: Now it's 60 million
5. Bought Xiaomi: Now it's 15 million
6. Bought the Nasdaq 100: Now it's 4.42 million
7. Bought Tencent: Now it's 4 million
8. Bought gold: Now it's 3.25 million
9. Bought the S&P 500: Now it's 2.69 million
10. Bought silver: Now it's 1.8 million
11. Bought government bonds: Now it's 1.4 million
12. Bought the CSI 300: Now it's 1.04 million
13. Bought the Shanghai Composite Index: Now it's 950,000
14. Bought the ChiNext: Now it's 900,000
15. Bought Country Garden: Now it's 600,000
16. Bought Evergrande: Now it's 300,000
17. Invested in P2P: Now it's 0
The high position doji that appeared yesterday, is it a signal for a trend change? We will wait and see. Anyway, in these last few days of the month, the Bitcoin conference in Las Vegas is in full swing, with the U.S. Vice President preparing to give a speech for the first time, attracting 35,000 people, including major figures from the Western crypto circle.
Wall Street, led by BlackRock and major players in U.S. stocks, with Musk leveraging social media traffic, is definitely playing a big game, especially with the recent approval of the stablecoin bill.
Thailand and Hong Kong are quickly following up on web3, fearing to be left behind. A silent battle for the discourse power of digital currencies between the East and West has already begun. The team leader boldly predicts that in the future, if you don't hold major cryptocurrencies like Bitcoin, even if you're middle class, you might fall out of the wealth circle. Because in this society, there are countless ways to bankrupt those who do not learn.
Many of the millionaires and billionaires who were very impressive around me a few years ago are now struggling. Many invite me to dinner to seek my advice on current money-making methods and tracks. Step on a landmine, and that pit may be bottomless; ordinary people basically have no chance of climbing back up, and reality is that cruel.
Of course, this includes the contract battlefield, which is easy to get caught up in; many people hold positions and trade against the trend, risking liquidation at any moment. This thing relies heavily on luck in addition to skill and mindset. Why is there only one Liang Xi? And it cannot be replicated, which is worth pondering.
If you want to be a perennial figure in the crypto circle, like the team leader who has honed his skills for ten years, it’s quite difficult. Some geniuses have already mastered the 10,000-hour rule. Those who can successfully navigate a complete four-year bull-bear cycle as qualified retail investors are exceedingly rare. The core difference is that some people are willing to guide and teach you.
Relying on self-exploration to reach the peak of life in web3 is basically just a story; I have never seen it in reality. It’s only through learning from experts that one can carve out a path in the trading world. I believe most traders have blown up countless positions, some are their own, and some belong to others. Finance is bloody; tears are worthless. The gamblers in this industry do not sympathize with the weak, just like many years ago when I slept on the streets of Macau, I just wanted to sing that song (A Game, A Dream), winners and losers.
Sometimes the direction is correct, but the entry point is not suitable, and you can still get hit. Moreover, frequent trading can lead to getting slapped back and forth; I have experienced everything in practical combat over the years. Recently, new users in the forex market on MT4 may not be able to log in normally unless you use some scientific methods. Perhaps there will be significant fluctuations in the gold market.
People today are very restless and anxious, with no money in their pockets. Those who have made quick and large sums of money can no longer calm down. They look down on small money and can't earn big money. Thus, there are plenty of anxious or neurotic individuals, and the downgrade in consumer spending is severe. Even Wang Jianlin has sold off several Wanda properties, and Li Ka-shing, that old fox from Hong Kong, has long cashed out.
Wall Street has now thoroughly stirred up the waters in the crypto circle. The duel between institutions is like celestial beings fighting. High-position fluctuations can easily hurt people; if you can't understand the trend, don't randomly enter and exit. Those playing at the exchange look at outsiders like fools, who only know how to move bricks all day. Meanwhile, outsiders see those involved in blockchain as a bunch of madmen.
Finance is a one-way street; entertainment to death, gambling to death, as if it’s our destiny. Life is really exhausting. Sometimes I earn a few thousand in a day but still can’t catch my breath. So I particularly understand the scenes in 'The Wolf of Wall Street', where retail investors most need therapeutic thoughts and stress relief. After being harvested by the whales, they still get cut by the club technicians.
Not wanting to waste time, what you actually need is an off-site side job that brings stable cash flow, like cooperating with a team leader to develop a blueberry coffee team to reach the director level, ensuring at least five-figure passive income each month to ease your anxiety. Even if you occasionally lose money in crypto trading, you won't be left with no living expenses next month, unsure of how to recover. Even with the simplest method of regular investment, you need to have a chicken that lays eggs forever, even if it’s just a quail egg each month, to ensure you don’t starve.
I hope you don’t become amateur retail investors who run away in a bear market; such fickle investors will never achieve results. Because they will never understand the power of deep cultivation. Compared to being a KOL in the crypto circle, I actually prefer the label of a diamond-level leader...