0xdungbui
I am a trader, and to me, crypto is not a game of chance. My Blog: 0xdungbui.xyz
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MY STORY
Hello, I'm Dung, in the crypto community, people call me 0xdungbui.
Crypto trading, for me, is not just about numbers or charts, but a journey to discover my own nature. Every decision, every fluctuation in the market reflects my own patience, determination and belief.
The challenges have helped me grow, not only as a trader but also as a person. Now, I want to share my story, along with the lessons and experiences I have accumulated throughout this journey.
Crypto trading, for me, is not just about numbers or charts, but a journey to discover my own nature. Every decision, every fluctuation in the market reflects my own patience, determination and belief.
The challenges have helped me grow, not only as a trader but also as a person. Now, I want to share my story, along with the lessons and experiences I have accumulated throughout this journey.
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[D’s Note #137] Just being able to do it doesn't mean it should be done
There are days,
I feel like I am being swept into an invisible machine:
Glancing at a new opportunity — my heart immediately races.
Hearing an optimal strategy — my brain automatically switches to calculation mode.
Meeting someone who is "doing it" — my limbs want to jump up to catch up.
It feels as if…
if I don't act right now,
I will miss out on my own life.
And Mr. Munger gives me a kick in the behind:
I feel like I am being swept into an invisible machine:
Glancing at a new opportunity — my heart immediately races.
Hearing an optimal strategy — my brain automatically switches to calculation mode.
Meeting someone who is "doing it" — my limbs want to jump up to catch up.
It feels as if…
if I don't act right now,
I will miss out on my own life.
And Mr. Munger gives me a kick in the behind:
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[D’s Market #164] Decentralization: Control or No Control?
When it comes to crypto, there is one word that is always repeated:
Decentralization
.
Decentralized.
But the more it is mentioned,
the less people seem to understand what it is.
If you ask ten people,
you are likely to get ten different definitions.
Some say: it is a network with thousands of nodes.
Others argue: the less concentrated power, the more decentralized.
Some say: it is blockchain, open source, transparent technology.
Decentralization
.
Decentralized.
But the more it is mentioned,
the less people seem to understand what it is.
If you ask ten people,
you are likely to get ten different definitions.
Some say: it is a network with thousands of nodes.
Others argue: the less concentrated power, the more decentralized.
Some say: it is blockchain, open source, transparent technology.
See original
[D’s Market #163] What will be the next currency that the world trusts?
Trust doesn't vanish in the roar. It quietly retreats in silence.
---
Trust is a very strange thing.
When we have it, we see nothing special.
But when it disappears...
We realize:
It once held this entire world still.
So is currency.
It doesn't operate on gold.
Not by policy.
But by trust.
You don't usually ask:
"Why does the whole world still trust the dollar?"
Until the day...
---
Trust is a very strange thing.
When we have it, we see nothing special.
But when it disappears...
We realize:
It once held this entire world still.
So is currency.
It doesn't operate on gold.
Not by policy.
But by trust.
You don't usually ask:
"Why does the whole world still trust the dollar?"
Until the day...
See original
[D’s Insight #13] Practice in the Dark – The Formula for Excellence in Every Game
Few know,
Leonardo da Vinci left thousands of drawings never displayed.
Not portraits or deities.
Just anatomical drawings, water flows, gears, muscles —
meticulously, quietly,
with no one applauding.
Those drawings were not created to be famous.
They are practice.
It is necessary darkness
for one day, the light can shine on the painting The Last Supper.
---
Today, the world is filled with light:
Leonardo da Vinci left thousands of drawings never displayed.
Not portraits or deities.
Just anatomical drawings, water flows, gears, muscles —
meticulously, quietly,
with no one applauding.
Those drawings were not created to be famous.
They are practice.
It is necessary darkness
for one day, the light can shine on the painting The Last Supper.
---
Today, the world is filled with light:
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[D's Market #162] The last gap for investors is time
(When AI takes all the advantages – you still have one thing it can't steal)
In the past, making money from the financial market…
was like going into the woods to find fruit.
Who is faster,
who has brighter eyes,
who knows the hidden corners —
will reap the sweet fruits before others.
Back then, information was scarce.
Whoever has it – wins.
Warren Buffett was once the best fruit hunter in that forest.
Every day, he reads thousands of pages of reports.
In the past, making money from the financial market…
was like going into the woods to find fruit.
Who is faster,
who has brighter eyes,
who knows the hidden corners —
will reap the sweet fruits before others.
Back then, information was scarce.
Whoever has it – wins.
Warren Buffett was once the best fruit hunter in that forest.
Every day, he reads thousands of pages of reports.
See original
[D’s Market #161] When the Internet Redefines Capitalism
We often think of capitalism as a solid system. Massive. Immutable.
But in reality, it's like a big box — filled with different toys.
And then the Internet appeared.
Crypto emerged.
The box was shaken up.
---
Once upon a time, the world of finance and politics was in the hands of a small group of powerful people:
The government.
Banks.
Large corporations.
Want to join?
You need paperwork.
Must ask for permission.
But in reality, it's like a big box — filled with different toys.
And then the Internet appeared.
Crypto emerged.
The box was shaken up.
---
Once upon a time, the world of finance and politics was in the hands of a small group of powerful people:
The government.
Banks.
Large corporations.
Want to join?
You need paperwork.
Must ask for permission.
See original
[D’s Note #136] Why do we have everything but still learn nothing?
We are living in a rather strange era.
There are all the answers,
but I don't know what to ask.
There are plenty of tools,
but you can't really use many of them.
There is a universe of knowledge in my pocket,
but in my head, I still feel lost.
In theory,
I can learn everything in the world.
But in reality,
I find myself learning nothing.
I once thought I was swimming in an ocean of knowledge —
There are all the answers,
but I don't know what to ask.
There are plenty of tools,
but you can't really use many of them.
There is a universe of knowledge in my pocket,
but in my head, I still feel lost.
In theory,
I can learn everything in the world.
But in reality,
I find myself learning nothing.
I once thought I was swimming in an ocean of knowledge —
See original
[D's Market #160] Price is not always value: The most common psychological trap in investing
Have you ever bought an item
just because it was more expensive than the one next to it –
even though both are exactly the same?
If so,
you have been a victim of something called:
High price bias.
In the crypto world, the same thing happens every day.
When Bitcoin reached 95,000 USD,
everyone rushes to buy.
But when the price was 30,000 USD,
most stood outside,
skeptical,
worried.
We are programmed to think that:
High price = good.
This may be true for a watch.
just because it was more expensive than the one next to it –
even though both are exactly the same?
If so,
you have been a victim of something called:
High price bias.
In the crypto world, the same thing happens every day.
When Bitcoin reached 95,000 USD,
everyone rushes to buy.
But when the price was 30,000 USD,
most stood outside,
skeptical,
worried.
We are programmed to think that:
High price = good.
This may be true for a watch.
See original
[D’s Notes #135] Knowing much does not necessarily mean living rightly
You might know how to read.
But you may not have actually seen.
You might know how to speak.
But you may not know when to stay silent.
You might know a lot of things in life.
But still living in the wrong direction – every day.
Rousseau once gently said:
“Wisdom is not knowing everything, but knowing what is necessary to know.”
One way to define wisdom –
not based on the breadth of knowledge,
But you may not have actually seen.
You might know how to speak.
But you may not know when to stay silent.
You might know a lot of things in life.
But still living in the wrong direction – every day.
Rousseau once gently said:
“Wisdom is not knowing everything, but knowing what is necessary to know.”
One way to define wisdom –
not based on the breadth of knowledge,
See original
[D’s Market #159] When attention becomes the scarcest resource
The world once resembled a big river, flowing slowly and gently.
As long as you put a big enough boat on it,
all eyes will be on it.
An Elvis Presley.
A Marilyn Monroe.
An early Bitcoin.
But now it's different.
That river has shattered
into millions of small streams.
Each branch
pulls away a little of our precious attention.
In the world of crypto, this is clearer than ever.
As long as you put a big enough boat on it,
all eyes will be on it.
An Elvis Presley.
A Marilyn Monroe.
An early Bitcoin.
But now it's different.
That river has shattered
into millions of small streams.
Each branch
pulls away a little of our precious attention.
In the world of crypto, this is clearer than ever.
See original
[D’s Insight #12] Holding the Door, Shaking Hands, and Things That Will Never Be Outdated
Fred Rogers, the host of Mister Rogers' Neighborhood, is famous for his gentleness and kindness towards children.
But what I remember most is not the show he made,
but the way he lived.
Before every filming session, he would take the time
to shake hands with each crew member —
from the doorman to the backstage assistant.
“I don't just make a show for children,” he said,
“I live with that show,
But what I remember most is not the show he made,
but the way he lived.
Before every filming session, he would take the time
to shake hands with each crew member —
from the doorman to the backstage assistant.
“I don't just make a show for children,” he said,
“I live with that show,
See original
[D's Note #134] Attention is the Original Currency of Life
People often ask me:
"What are you spending your time on?"
But almost no one ever asked me a more important question:
"Where are you focusing your attention –
and what is that quietly turning you into?"
I used to think time was the most precious thing.
Until Naval Ravikant dropped a bomb into my mind:
"The currency of life is not money.
Not even time.
"What are you spending your time on?"
But almost no one ever asked me a more important question:
"Where are you focusing your attention –
and what is that quietly turning you into?"
I used to think time was the most precious thing.
Until Naval Ravikant dropped a bomb into my mind:
"The currency of life is not money.
Not even time.
See original
D's Market #158 – When 'success' becomes an issue: Bitcoin and the paradox of recognition from the government
Each time receiving a significant recognition signal,
Bitcoin is often celebrated as if it has just reached a great milestone.
The community cheers when a big company buys in.
When a fund announces it holds Bitcoin.
And most recently:
When the US government proposed creating a strategic Bitcoin reserve fund (SBR).
But...
Is this 'success' really something to celebrate?
A simple historical lesson is always repeated:
Bitcoin is often celebrated as if it has just reached a great milestone.
The community cheers when a big company buys in.
When a fund announces it holds Bitcoin.
And most recently:
When the US government proposed creating a strategic Bitcoin reserve fund (SBR).
But...
Is this 'success' really something to celebrate?
A simple historical lesson is always repeated:
See original
[D’s Market #155] Trading: The Real Privilege in the Crypto World and in Life
On the journey of exploring crypto and oneself, I have realized one thing:
Trading is truly a privilege.
Sounds strange.
But history has always been the clearest proof.
Four hundred years ago, the Plymouth pilgrims crossed the ocean with dreams of wealth.
What welcomed them was not gold and silver.
But hunger and despair.
They could not be self-sufficient as they initially imagined.
Their existence
Trading is truly a privilege.
Sounds strange.
But history has always been the clearest proof.
Four hundred years ago, the Plymouth pilgrims crossed the ocean with dreams of wealth.
What welcomed them was not gold and silver.
But hunger and despair.
They could not be self-sufficient as they initially imagined.
Their existence
See original
[D’s Note #21] Honesty is easy - sincerity is hard
I used to think honesty was a simple thing.
No lying.
No cheating.
No fabricating.
Like taking a test without looking at the paper next to you—simple and clear.
Coincidentally, I read a quote from Richard Feynman:
"The first principle is that you must not deceive yourself - and you are the easiest person to fool."
At that moment, I felt a chill.
Not because this statement is too new.
But because it’s true in a... uncomfortable way.
No lying.
No cheating.
No fabricating.
Like taking a test without looking at the paper next to you—simple and clear.
Coincidentally, I read a quote from Richard Feynman:
"The first principle is that you must not deceive yourself - and you are the easiest person to fool."
At that moment, I felt a chill.
Not because this statement is too new.
But because it’s true in a... uncomfortable way.
See original
[D’s Insight #9] Don't search for passion – follow your energy trail
Elizabeth Gilbert once stood at the peak of the world with the book Eat, Pray, Love.
But also from that peak, she fell freely.
People demanded the next novel to be worthy.
But Gilbert couldn't write a single word.
Not because of lack of talent.
It's because the old flame of passion has gone out.
Gilbert didn't try to find back her passion for writing.
Instead, she followed the only thing that still had some energy:
a small basil plant in the garden.
But also from that peak, she fell freely.
People demanded the next novel to be worthy.
But Gilbert couldn't write a single word.
Not because of lack of talent.
It's because the old flame of passion has gone out.
Gilbert didn't try to find back her passion for writing.
Instead, she followed the only thing that still had some energy:
a small basil plant in the garden.
See original
[D’s Note #82] I was wrong, but still tried to play the right role
There are times when I realize I'm not really investing in the market.
I'm just… playing a role – called 'the one who was right.'
On optimistic market days, I don't look for signals to exit my trades.
I'm just looking for reasons not to sell.
Just because… I once declared that I was right.
And I don't want to embarrass that confident guy inside me.
What about when the market is pessimistic?
I'm not waiting for a new obvious opportunity.
I'm just… playing a role – called 'the one who was right.'
On optimistic market days, I don't look for signals to exit my trades.
I'm just looking for reasons not to sell.
Just because… I once declared that I was right.
And I don't want to embarrass that confident guy inside me.
What about when the market is pessimistic?
I'm not waiting for a new obvious opportunity.
See original
[D’s Market #154] Greed is not bad – but who will design it?
Gordon Gekko once said:
"Greed is good."
But in the world of crypto, that statement sounds like the opening line of a tragicomedy.
Looking back to the time,
Memecoins appeared continuously like mushrooms after the rain.
The thing to think about is not:
"Is greed bad?"
But:
How can we operate it?
---
Greed is not a new invention.
It has existed since our ancestors were still wandering the Serengeti plains.
"Greed is good."
But in the world of crypto, that statement sounds like the opening line of a tragicomedy.
Looking back to the time,
Memecoins appeared continuously like mushrooms after the rain.
The thing to think about is not:
"Is greed bad?"
But:
How can we operate it?
---
Greed is not a new invention.
It has existed since our ancestors were still wandering the Serengeti plains.
See original
[D’s Note #12] Drive slowly, avoid flipping – survive first, then think later
There was a time when I was obsessed with winning.
I want to win quickly. Win big.
Win to the point that people look at it and think:
"Oh, this guy can really play."
Until the market gets in the mood.
It gave me a slap hard enough.
And I woke up.
Realizing that: winning quickly is not the ultimate goal.
Surviving – that is what is more important than anything.
Not the kind of survival of just 'as long as I breathe.'
I want to win quickly. Win big.
Win to the point that people look at it and think:
"Oh, this guy can really play."
Until the market gets in the mood.
It gave me a slap hard enough.
And I woke up.
Realizing that: winning quickly is not the ultimate goal.
Surviving – that is what is more important than anything.
Not the kind of survival of just 'as long as I breathe.'
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