锡沁久殖

#实盘交易
2025.11.6 at three o'clock in the morning, updating some thoughts to pin.
Since I started sharing real-time trading images over half a month ago, I have encountered all kinds of comments. Here, I want to emphasize a few points and share my understanding as a trader:
1. Any coin I buy is decided after a lot of research and comparison. Objectively, it may not always be correct, but it is definitely the most suitable for me. Similarly, if I sell a certain coin one day, it is not necessarily because the coin is bad; it could also be that I have found a better option for myself.
2. People’s situations are vastly different, and trading requires differences to reach transactions. If expectations were 100% aligned, there would be no market in the world. Discussions about market trends and learning from insights are fine, but do not just copy trading results. If you think you have a better coin or have opinions on the coins I bought, feel free to leave objective comments in the comment section, expressing your views. However, the following three types of foolishness are not welcome: “1️⃣ Rude and baseless chatter 2️⃣ Grandstanding without actual trading or a legitimate account 3️⃣ Talking about a direction without corresponding positions.” If encountered, you will be directly blocked.
3. Why don’t I buy $BTC , $ETH , or $SOL and other top five coins? Because I am a trader here to make money, not to build the crypto community. The value of the top coins is already fully reflected in the price, and I don’t need to add bricks with my limited resources.

Only trading spot without opening contracts, that day didn't go to zero, but fell hard and didn't get back up. The principal is over 60,000 USD, all invested in spot currencies, currently facing a floating loss of over 10,000 USD, only trading L1 public chain coins. If someone is watching, I will post more updates regularly. Check my earnings and investment portfolio details. Follow me to learn investment skills.

$ASTER
Let's say again, this coin is a very rudimentary trading client. Please download an Aster and try it out for yourself to see how rudimentary it is. The price is above 1u, which means over a hundred billion dollars in market value. Do you know how big a hundred billion dollars is? Now in the bear market, many well-known second-tier public chains aren’t even worth 10 billion. A client front-end with a rough UI is worth 10 billion, and you say to buy it. Go take AVNT as a reference; it has more features and better mechanisms, yet only worth three to four billion, while Aster is worth ten billion, and CZ's platform is at least worth 9.8 billion.
Additionally, let me say one more thing: CZ claims to openly shout out orders for his positions. To be fair, do you all agree with this behavior? Following these calls is essentially supporting this kind of practice with your actions.
There are still many following at a cost above 1, with many at a cost of 1.3. I can only say that many won’t even follow. There were opportunities at 0.9 before and after CZ’s calls; costs exceeding 1 were due to chasing. The fact is that the vast majority of people buying this coin are just following trends: 1. they haven't tried downloading it, 2. they haven’t calculated if it’s worth it, 3. they are buying high.

Well said

#实盘交易 2025.11.23
Recently posted threads have a lot of haters, especially those filled with vulgar language. Every thread you click into is filled with complaints about losing money and blaming the brokers, with none having actual trades because their real trades are so poor that they lose face. These people have lost so much that they have become worthless, young and unskilled, treating cryptocurrency as gambling chips, losing everything to the point of financial ruin. It's safe to say their lives are ruined, and they have lost the qualification to exit and become an ordinary bottom-tier person. Moreover, there are many such people because the market is so bad, suffering multiple severe drops that have created many of these worthless individuals.
Here, I want to reiterate: what a person says is far less important than what they do. When looking at someone's posts, first check their homepage to see if they have real investment portfolios and transparent trades. For example, I emphasize authenticity because all my statements, even if they are subjective opinions, are based on facts. There are no opinions that arise out of thin air in this world. I'm not only willing to express opinions and viewpoints but also to present factual foundations. Veteran traders have long faced human nature and strive for practical truth.
Based on my years of experience in various markets, here are a few typical unreliable statements:
1. Those who only talk without real trades lack any persuasive power. This includes scammers who edit pictures and only post profits while withholding losses, the so-called eternal profit masters. The most contentious people in the plaza are the copy trading scammers who then suffer huge losses. Scammers are bad, and copy traders are foolish.
2. Those who don’t understand macroeconomics, don’t discuss fundamentals, and don’t talk about sentiment but only draw lines on the K-line for trading. Usually, their line drawings are hit or miss with no real results, and in extreme market conditions, they get wiped out overnight after sleeping.
3. Those who are extremely confident in their market judgments and set specific deadlines, claiming that tomorrow the price will definitely reach a certain level or next month will definitely be this or that. Do you think you are Trump, creating the market? Do you really think the market will move as you say?
$BTC , $ETH , $SOL

#实盘交易 2025.11.22
The posts focus on being genuine and sincere, welcoming reasonable and polite discussions about the market. However, there are always those trashy individuals who lose everything in contracts and are too afraid to open a real account, spewing nonsense in the comments. When I encounter such people, I don't hold back and throw their own filth back in their faces.
Today, I will update on the failing project $BERA
A high-performance L1 compatible with the Ethereum ecosystem, it's an all-in-one L1 that also has its own stablecoin and DEX, with the three (chain coin, stablecoin, and DEX) interacting with each other. For specifics, see the introduction. The main drawbacks are: first, the token has no upper limit and is inflated by 10% every year. This is the most outrageous inflation I've seen in a public chain coin, even more exaggerated than APT. APT inflates 7% a year and decreases each year, yet it has been criticized heavily, with the price continuously declining to new lows every day. BERA's 10% inflation without reduction is terrifying. Second, the underlying protocol of the DEX in the system (called BEX) is unreliable and often gets hacked, resulting in lost funds. Recently, it fell victim again; this is a ticking time bomb hanging over the entire ecosystem, making it hard to trust.

#实盘交易 2025.11.21
In this market crash, I want to share my holdings to encourage everyone. I started holding spot assets at the end of September, and now the prices of blue-chip altcoins have dropped more than 70% since then. Personally, I invested 700,000 RMB, which is less than 100,000 USD, and I am currently facing a 30% loss. After experiencing three rounds of significant declines on 1011, 1103, and 1121, many contracts have already gone to zero several times. I still have 70% of my principal left and am temporarily satisfied with my performance; as an old trader, I know how to manage my positions. I have not taken any loans or used leverage, and I am prepared for a long battle!
$AVAX ，$SUI ，#sei ，

Respect you as the number one KOL on the internet ☝️

#实盘交易 2025.11.20 Daily updates on a cryptocurrency that doesn't catch the eye, today's comment $INJ
Old financial coins, in summary, are aimed at flexibly arranging financial projects to handle transactions in a cross-chain system.
The vision seems quite good, but it is often taken for granted; what financial projects need first and foremost is security, preferably a stable and secure mainstream sovereign public chain. Just look at which public chains are among the top in RWA scale to understand this. Public chains, at this point, are not lacking in secure, fast, and stable chains to support financial projects; the most obvious and typical example is the emergence of SEI, which optimizes transactions to be fast and stable, directly impacting many overlapping functionalities of INJ, with various metrics leading by a wide margin and generally maintaining over twice the total price of INJ.
From start to finish, INJ has been using a small program mentality to develop a financial chain, but finance is precisely where institutions and giants play. Finance and RWA require safety, stability, and high performance, rather than just being easy to use and set up, nor just jumping on trends for the sake of it. If financial chains are not seriously utilized by institutions, it is all in vain; the result is a stagnant ecosystem with a pitiful market value of just a few billion.
Recently, INJ also held a mouthpiece event, saying nice things for airdrops, so a bunch of shills in the square are annoying; usually, they only resort to this last move when things are hopelessly bad. Good things would spend money to hire shills to promote mindlessly? Never seen that.
Additionally, let me mention this token model again: the old coin that has been around for more than five years was fully unlocked over two years ago, and it has experienced several waves of bull and bear markets, with the private placement seed round having been cleaned out early. It is estimated that some old whale, in collusion with the project party, still has a little left, then pretends to upgrade a bit, along with the shills flooding the space with hype, and finally cashes out one last time, and then it could be done for.

All are speaking the truth, those who come up and spray are basically contract dogs barking incompetently, all trash people. It's really well written, combining insight and literary talent.

Brilliantly eloquent and profoundly insightful 👍👍👍

Floating wins test humanity the most! Let's encourage each other.

It's reasonable not to interfere in others' karma.

#实盘交易 2025.11.19
Daily projects that are not worth watching. Today, I will share my personal views on $ASTER .
It's very simple and straightforward, just a dex trading platform. Currently, you can directly download it from the store on Apple phones, but without a VPN, you can't connect your wallet and use it; although you can't do real trading without connecting a wallet, the entire interface is clear and straightforward. Since this coin was listed, there has been a lot of debate; I think it's most important to download and try it out before commenting, after all, no investigation, no right to speak.
In use, it's quite average; in summary, it's just a simplified version of Binance, with a similar color scheme and style, even the loading animation is exactly the same. There is no KYC, no consultation, no social features, just virtual currency spot and contracts, and no other products like stocks, forex, or futures.
A few months ago, when CZ himself spoke in Hong Kong 🇭🇰, he mentioned that the main costs for exchanges are compliance and KYC, but this Aster has none of those costs, it feels like they just created a minimalist interface and started. Since there are no such costs, how does the FDV reach $10 billion? Other exchanges like AVNT have only $400 million in FDV but offer a richer variety with forex futures and don't have to pay fees for losses, with a 20-fold premium relying entirely on CZ's support.
In summary, if you're abroad and enjoy a minimalist experience, you can load a wallet and use the Aster app for trading. However, buying this token itself is purely about buying into emotions; whoever believes can go for it, but I absolutely do not believe.

#实盘交易 2025.11.18
Daily evaluation, today let's talk about $0G

0g is a full-stack AI project, which basically aims to create a public blockchain to run various AI applications, bringing AI projects onto this chain and providing a series of supporting functions, such as emphasizing storage capabilities. It is marketed as a new AI public chain with good compatibility and high speed, with the goal of having unlimited TPS after future upgrades. The 0g token itself also has various functions, serving as fees, nodes that can be staked and governed; almost all possible functionalities of a token are provided here. You can check the details in the introduction, which is written very thoroughly.
The core team mostly consists of Chinese people, with one Ukrainian, whose wife is also Chinese and part of the team. The chief technologist was previously the CTO of CFX and has set up a new project independently.
The financing situation is also quite good, having achieved over 100 million in financing, with a cost of about 0.35 USD. In the future, there will be node sales and promised investments, totaling over 200 million. The already realized over 100 million plus the expected over 200 million claims to be a total financing of 350 million.
From the market perspective, after the launch, it plummeted and then held around 1. You can check my previous posts; I bought five to six thousand 0g in spot when it was at 1 because I thought it was cheap and the investment would double in 120 days. Buying at 1 USD, as long as it does not continue to drop, it would double in 120 days; as long as it does not fall below 0.5, the capital is preserved. I approached it with this idea, and as a result, after buying, it rose from 1 to 1.6. I withdrew my investment, but it took two days to process, and I sold at 1.4, which was still a profit. Then, similarly, I bought at 1.2 again and went to invest; it shot up to 1.9. I hurriedly redeemed but missed the high price and sold at 1.4.
In summary, this coin is well-marketed, and indeed, some people believe and it raised over 100 million right from the start. However, it remains uncertain whether this project can succeed since too many projects are leveraging the AI hype to exploit investors, making it all very absurd and meaningless. I also have my doubts; I made a small profit of less than 20,000 RMB from two lucky attempts, so this coin hasn’t treated me poorly; my research wasn’t in vain. But as the saying goes, once bitten, twice shy; I should stabilize my approach and not try again.

Support.

#实盘交易 2025.11.17
Since I started talking about a cryptocurrency I researched but didn't buy every day, I often encounter holders of that coin who are losing money. They inexplicably come up and lash out, and when debating, it’s all emotions without facts. When I click into their homepage, it turns out they are heavily invested in that coin, and I know what kind of person they are. I advise you to leave the market early if you can't handle the truth and are narrow-minded and extreme; it won't lead to good results in trading. Of course, such people will not succeed in real life either. Those with a decent background who drive a four-wheeled ride-hailing service should stop losing money; that's the best outcome for this type of person.
Regarding this situation, I want to clarify that everything I write is based on facts and expresses my doubts. I never deviate from the facts to slander any coin; there are clear reasons for my disdain. Of course, just because I don't like a coin doesn't mean it won't rise; after all, the vast majority of coins rise and fall with the overall market.
Back to the main topic, today let's talk about $SEI .
SEI is a financial L1 focused on "improving trading efficiency". The dual mechanism, parallel EVM, fast speeds, and low costs are all advantages, along with other benefits that can be researched further. I think the downside is that the ecosystem is too narrow, almost entirely focused on “improving trading efficiency.” The TVL is just so-so, and despite the narrow path, there’s still a ten-digit FDV. We don’t lack fast, cheap, and secure L1s; I think the bubble is a bit big. I also chose this coin before but eventually gave up. I hope there will be expansion in the ecosystem or that the bubble will be sufficiently squeezed out, so we can meet again if there's a chance.
That said, even so, at present, I think the investment value of SEI (note the distinction between investment value and objective good or bad) is still better than 95% of coins, after all, there is just too much garbage out there.

#实盘交易 2025.11.16
Every day I personally research projects that I don't buy. I didn't write yesterday, so I'm making up for it today. Today's project $ENA
This project is the issuer of the stablecoin usde, and then the issuer launched a coin called ena. To talk about ena, we have to start from usde. Usde claims to be the third-largest stablecoin, creating a concept called 'synthetic dollar,' which is not pegged to the dollar one-to-one, meaning there is fundamentally no real equivalent collateral to maintain 'stability.' This is why it seriously decoupled on 10.11, and recently the circulation has gradually shrunk below 10 billion. Currently, the exchange to USDT is also at a discount. In sharp contrast is USDC, the most reputable, safest, and most authoritative stablecoin. As compliance becomes increasingly important in the entire market, USDC is now even trading at a premium to USDT. Moreover, the circulation scale of USDC is growing larger, approaching 80 billion, at least eight times the scale of usde. The two most important points about stablecoins are: first, can the quality really achieve true stability? Second, is there a scale, how many people are using it, and how much has been issued in the market?
After comparing the two stablecoins e and c, we can see how disappointing ena is: the current price corresponds to an FDV, or total market value, of over 4 billion dollars, which is ridiculous. The issuer of USDC, Circle, is listed on the US stock market, and now a stock is peaking at 80 USD, with the entire company's market value currently less than 20 billion USD. The scale of e and c starts at a difference of 8 times, and the quality is also lacking. If we take the 20 billion Circle as a reference, first divide by 8; since the quality is lacking, we should cut it in half at least. The quality being lacking here not only means USDe is inferior to USDC, but also we need to consider that Circle as a whole company is worth 20 billion, while ena is just a coin launched by the issuer of usde. What happens if it plays out poorly one day or unlocks and sells out, then issues a new coin? It’s similar to when MRK sold out and then created SPK to mess around.
In short, in my view, ena's FDV is worth at most Circle divided by 20, which means it's only worth 1 billion, corresponding to a coin price of only 0.07. Currently, the price of 0.27 is too much of a premium; it's all bubble, purely a pitfall for retail investors who do not consider horizontal comparisons. Buying ena is far less preferable than directly buying stocks of Circle in the US stock market. I personally also bought over 100,000 RMB worth of CRCL.

Written in detail

#实盘交易 2025.11.15 Today there was no operation, I had nothing to do, so I went to the square to chat, and talked about a project I studied but found unimpressive $PLUME .
The conclusion is stated at the beginning: this is a pure facade shell project. This project claims to be a full-stack dedicated to rwa, pretending to have developed a few modules to achieve rwa, but has not developed a competitive public chain, simply lying on the Ethereum ecosystem to create a shell and then issue tokens to sell.
The core of rwa is compliance. If I want to launch an rwa project, and if it meets regulatory compliance and can be launched, why wouldn't I deploy the project on high-performance chains like sol, apt, sui, etc.? To take it a step further, why not deploy on one of the many L2s in the eth ecosystem? Why use an obscure shell? Therefore, the continuous plummeting is also understandable.
In fact, there are many similar empty shell coins in exchanges just to sell chips; everyone should learn from this and keep their eyes open, especially focusing on the rwa and ai sectors.