Singapore, once the feng shui treasure land for web3, has shrunk in this round of bull market. A large number of cryptocurrency exchanges and derivatives are retreating and relocating. Some have gone to Dubai, some may have moved close to Johor Bahru, and others may be preparing to head for the free and open blockchain capital in Bangkok.
Perhaps influenced by the FTX incident back then, a good hand was ruined by county-level intervention, and Singapore has begun to close the door to decentralized finance. This may be Hong Kong's opportunity for a curve overtaking.
The support below 100,000 dollars is very strong, and it seems that the bull market will not easily end. So, with my aggressive approach and perspective, I have once again gone all in on Bitcoin spot. Now it's a matter of whether the bulls can hold the key level around 106,000 dollars; anyway, I am confident.
Hong Kong is taking action, whether it's traditional finance or its ambiguous attitude towards web3, it may attract a large number of speculators and hedge fund headquarters to set up in this Oriental Pearl harbor in the second half of the year since it has an advantageous linguistic environment that combines East and West. From the speed of following stablecoin policies, we can see there are many financial talents here. The only downside is that, like Singapore and Dubai, it is very expensive to live here, and the poor cannot afford to stay.
Bitcoin is now one of the top assets globally, having moved from the fringes to a mainstream position. Although many still consider BTC a risk asset, that is not important. Satoshi Nakamoto has already become one of the top virtual tycoons in the world during this rapid evolution. Therefore, we cannot only use trading perspectives and techniques to allocate Bitcoin, after all, it is becoming increasingly difficult for miners to mine, and the battle for coins is actually more exciting than the upcoming World Cup if you are in this true game of power among the wealthy.
I walk down the street and see the speed at which physical stores are closing and changing signs is increasing. Everywhere I can hear business people complaining about the recession and the Great Depression, many are holding on and struggling. Some phenomena are worth pondering; the leaders who never touched products because they thought making money was slow are returning to take on products from large enterprises, while the dealers who never engaged in funding schemes are turning to projects that look like Ponzi schemes at first glance. Quite interesting!
In the past, cross-industry ventures were rare, but now people are overwhelmed by the burdens of life, and it's common to hold multiple jobs. Everyone is competing fiercely, even for the air. No one is without anxiety; even those who earn thousands a day subconsciously fear the day when the wind blows past and they can't make money.
From the virtual to the real, it is filled with scams and tricks; every step taken is a pit, as if everyone who has never learned is either becoming leeks or cutting leeks, and you don’t know who is the enemy and who is the friend. The cryptocurrency world has fully interpreted the thick black theory and Sun Tzu's Art of War, with gamblers hiding knives in their smiles, forming various communities and circles. Everyone is competing to see who is more impatient and who has more profitable projects in hand. It seems no one cares where the returned money comes from, how big the bubble is, whether it hurts or not, or if there are any aftereffects. The victors are kings, the losers are bandits; three months in the east, three months in the west.
Some people bravely withdraw from the torrent, while others wash their hands clean. But most have become passersby on the long road of the cryptocurrency bull and bear cycle, many have become cannon fodder, losing both their wives and soldiers. Only a very small number of retail investors with extremely strong inner strength and learning ability can survive and earn some income to supplement their household expenses, but most of the time, they are also at the mercy of the weather, living in fear.
When will the Oladdin model collapse? Many people ask. Anyway, I don't have a good opinion of this dark web thing. No matter how many people are making a fortune now, I don't envy it at all because until the bubble bursts, no one knows whether those who lick blood on the knife's edge will have the life to spend the money they've earned? At the moment of collapse, many will lose everything, referencing the past with Pangu, Fen Tou Qu, and Huayinghui; was there a good ending? The truth is not pleasant to hear; understanding when to stop and withdraw is great wisdom, but most people are bewildered. In the end, it's still about how much you earn and how much you spit out.
A gentleman loves wealth but takes it in the right way; ancient people have long warned us not to earn all kinds of money. Just like someone said, let me do orders on Douyin without investing in a number and use a storefront to sell goods and collect money for others, claiming that a Douyin account can earn seven or eight thousand a month, I don't want such easily offered money at all. Because I know the simple truth that no one will be good to you for no reason.
The killer move is product financialization. If orders can use wool from sheep on the body of a bull, this alternative idea where the pig pays. Consumer cashback, cross-industry alliances, the more you spend, the more you have. Do you think it's possible to close deals that were originally impossible? For the order money, I use a third-party consumer subsidy platform to return it to you, with merchants offering a 20% discount magnified five times, exchanging time for space. Even if I start doing Amway now, I can still swim upstream to diamond level, do you believe it? My thinking is ahead of its time, always capable of turning the tide and creating impossible miracles; this is the strength of the leader who can always create something from nothing.
No more words, the high-level fluctuations and my elusive operating methods may be hard for you to understand, but what I tell you are all blood lessons to avoid risks, and honest advice is always hard to hear...
