1. Several tokens from Binance Alpha crashed; I don’t know if it was the traders or the project team who directly withdrew the pool to dump.
They have harvested money in three ways: one is retail traders acting as market makers adding to the LP pool, another is retail traders boosting trading volume, and the third is retail holders of these tokens. Daily trading volumes worth tens of billions typically come from these earlier tokens.
Oh, I almost forgot, the market makers certainly opened contracts at high positions, and they made a large sum from contracts; the ones losing are surely those on the opposing side of the long positions.
The project team has been happily collecting fees; why suddenly withdraw? My answer is simple: because alpha points have been tokenized, many are preparing to give up on trading, and they won’t earn fees anymore. So, helplessly, they can only launch a large wave to harvest everything and take the wealth home for a prosperous year.
Have you ever thought about why some people make money so easily? Because they are in the core circle of information and have an information advantage.
As a mere retail trader, with no advantages, to dare to talk about making money from trading coins and harvesting others is simply a daydream.
Previously there was ACT, and now there’s ZKJ. Such absurd events never happened in previous bull markets; the only explanation is that the project team found pumping doesn’t yield profits and holding doesn’t either, so they could only sell.
Retail traders and market makers are natural adversaries. The only time they stand together is during the final bubble phase of a bull market, because by then the market makers have made a lot of money, and you making a little is up to you.
Therefore, if you are still obsessed with trading coins, do not believe any information; it might be false. The fundamentals could also be false. Just look at the emotions. Just observe market sentiment; that's all that matters. Only emotions are real.
The only possibility for you to make money from trading coins is by relying on market sentiment.
Do not attempt to deduce the underlying information from token prices; this is akin to trying to find the trunk of a tree by extending from its leaves. However, by going out from the trunk, you can find countless different leaves.
2. In this round, only Bitcoin can rise. Do you think the project team doesn’t want to pump? There’s only one reason: because the project team can't make money by pumping; they have no way to pump it. If Bitcoin rises, don’t they try to pump it? But no one buys. If there was money to be made, the traders wouldn't hesitate to pump it; they could push it higher, wouldn’t they be able to sell it for more? They’ve long realized that their coins don’t have much buying interest.
Don't entertain conspiracy theories, like changing exchanges or no interest rate cuts; that’s black box information, which is meaningless for us to make money.
Everyone knows that interest rate cuts can drive up prices, but how does it actually rise?
Trading coins means doing this: avoid places where everyone is competing, and don’t engage in long-term interests that come with high risks.
If a person trading coins is both fearful and greedy, that will be very dangerous, and most people are just like that, hoping various gurus with tricks can lead them to success; this is also a form of greed. They can only end up losing their principal.
Why do major institutions on the sidelines not trade altcoins? Because they have more profitable options. They would rather buy companies like MicroStrategy than various coins. As long as Bitcoin doesn't drop, it steadily rises, which is quite comfortable. If Bitcoin surges, these will also rise significantly, sometimes even more than Bitcoin.
Stablecoin companies surged at the opening; as the only stablecoin target in the market, of course, it’s worth trading.
A few days ago, a listed company bought ETH, and today I saw another one buying SOL. Do you think their purpose is to accumulate coins to build the crypto world? In reality, they had already bought stocks, just to trade stocks. It’s merely a replication of MicroStrategy; firstly, they earn from the stock market, and secondly, the company might revive. After all, some have succeeded. In the future, there may be more and more listed companies buying coins.
3. Yesterday someone said they used their cold wallet many times and it's very safe, no issues. Why use it again?
If you used it once and connected to the internet, it becomes a hot wallet, not a cold wallet. Connecting to the internet doesn't mean it's unsafe, but it does mean there is a possibility of leakage. Assuming your coins are worth 100 million, changing wallets costs nearly nothing, yet if there's even a 0.00001% chance of asset loss, you should be cautious.
This somewhat tedious task is rarely accomplished by anyone.
Thus, cold wallets should be made using a phone or computer that is not connected to the internet or used for anything else; that’s the truly highest level of security for a cold wallet, as no one has yet been able to brute-force the private key.
Most people's coins get stolen, fall victim to multisig attacks, or face other issues because they have been used online, leading to private key leaks or contract authorizations.
Therefore, wallets should be separated. For those holding coins, do not connect to the internet; use hot wallets only for activities like DeFi and keep a portion there. Hardware wallets can also hold a portion.
