Ali Adnan Arain
Open Trade
Frequent Trader
2.1 Years
99 Following
31 Followers
23 Liked
9 Shared
https://www.binance.com/activity/trading-competition/futures-newbie-april?ref=M697BSS1&utm_medium=web_share_copy
#NavigatingAlpha2.0
."Navigating Alpha 2.0" can refer to many contexts, from technological advancements to evolving leadership or societal shifts. If we're talking about a general framework of progression into an Alpha 2.0 phase, three important aspects to consider are:
1. **Adaptive Leadership:**
Alpha 2.0 represents a shift in leadership from the traditional, hierarchical "Alpha" model to one that is more inclusive, adaptive, and emotionally intelligent. The Alpha 2.0 leader understands the importance of collaboration, empathy, and agility in leadership. They encourage innovation, adapt to changing circumstances, and empower others, moving away from authoritarian approaches to more democratic or servant leadership styles.
2. **Technological Integration:**
Alpha 2.0 also includes the rise of technology in navigating both personal and professional spheres. The integration of AI, automation, and data analytics plays a significant role in optimizing decision-making, improving efficiency, and enhancing communication. Leaders and individuals navigating Alpha 2.0 must be comfortable with these technologies, leveraging them not just for productivity but for making informed, data-driven decisions.
3. **Personal Growth and Mindset Shift:**
An important aspect of Alpha 2.0 is the focus on personal development and a mindset shift toward continuous growth. The traditional Alpha model often focused on raw dominance, power, or control. In contrast, Alpha 2.0 emphasizes self-awareness, emotional intelligence, and resilience. Individuals moving into this phase are expected to focus on mindfulness, personal reflection, and emotional health as a means to cultivate a sustainable path to success.
In summary, navigating Alpha 2.0 involves embracing adaptive leadership, technological integration, and a focus on personal development to thrive in a constantly changing environment.
."Navigating Alpha 2.0" can refer to many contexts, from technological advancements to evolving leadership or societal shifts. If we're talking about a general framework of progression into an Alpha 2.0 phase, three important aspects to consider are:
1. **Adaptive Leadership:**
Alpha 2.0 represents a shift in leadership from the traditional, hierarchical "Alpha" model to one that is more inclusive, adaptive, and emotionally intelligent. The Alpha 2.0 leader understands the importance of collaboration, empathy, and agility in leadership. They encourage innovation, adapt to changing circumstances, and empower others, moving away from authoritarian approaches to more democratic or servant leadership styles.
2. **Technological Integration:**
Alpha 2.0 also includes the rise of technology in navigating both personal and professional spheres. The integration of AI, automation, and data analytics plays a significant role in optimizing decision-making, improving efficiency, and enhancing communication. Leaders and individuals navigating Alpha 2.0 must be comfortable with these technologies, leveraging them not just for productivity but for making informed, data-driven decisions.
3. **Personal Growth and Mindset Shift:**
An important aspect of Alpha 2.0 is the focus on personal development and a mindset shift toward continuous growth. The traditional Alpha model often focused on raw dominance, power, or control. In contrast, Alpha 2.0 emphasizes self-awareness, emotional intelligence, and resilience. Individuals moving into this phase are expected to focus on mindfulness, personal reflection, and emotional health as a means to cultivate a sustainable path to success.
In summary, navigating Alpha 2.0 involves embracing adaptive leadership, technological integration, and a focus on personal development to thrive in a constantly changing environment.
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Guys .. i just received my reward voucher of 0.007 $BNB . Go and check in Rewards hub and see how much did u get .
Let's grow together āš»
#Rewards #BinanceSquare
#BNB
$BNB
Binance Square Official
--
The global number of crypto users has now surpassed 18 million, marking a major milestone for adoption.
What does this mean for the future of the crypto market? Will this growth drive even more mainstream interest? Share your thoughts and insights!
Create a post with #CryptoUsersHit18M or the $BNB Coinpair to earn Binance points. (Creator Center > Check-in)
Your post can include the following:Ā
-Analyze the trends and factors contributing to the increase in crypto users.
-Highlight recent technological developments that have made cryptocurrencies more accessible and user-friendly.
Ā -Discuss the role of innovations like decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain scalability solutions.
What does this mean for the future of the crypto market? Will this growth drive even more mainstream interest? Share your thoughts and insights!
Create a post with #CryptoUsersHit18M or the $BNB Coinpair to earn Binance points. (Creator Center > Check-in)
Your post can include the following:Ā
-Analyze the trends and factors contributing to the increase in crypto users.
-Highlight recent technological developments that have made cryptocurrencies more accessible and user-friendly.
Ā -Discuss the role of innovations like decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain scalability solutions.
See original
Xai
Quoted content has been removed
Have a good day
Hello everyoneā¤ļø
good deals to buy!!
$ROSE
good deals to buy!!
$ROSE
666
Quoted content has been removed
See original
Yes
Never expected
Elon Musk just suddenly expressed his stance
On December 7, American billionaire Elon Musk posted on social media that he would not use his increasing influence in the Trump administration to attack or retaliate against industry competitors. This statement sparked widespread discussion, as Musk is known for his bold remarks and controversial business practices. In recent years, Musk has made rapid progress in multiple fields, from electric vehicles to space exploration, to social media, he is almost everywhere. His interactions with American politics have also become more frequent, especially regarding his stance on some key policy issues, which reveals his political ambitions. In this context, his public statement of "not retaliating against competitors" inevitably brings to mind historical cases where business tycoons used their power for personal gain, such as Rockefeller's monopoly empire, which ultimately led to the birth of antitrust laws. However, the key question is, can Musk truly maintain this kind of "magnanimity" consistently? The business world is inherently competitive, especially in the tech sector, and conflicts of interest are unavoidable. Do you think a businessman who conquers the market can truly remain "non-harming" in politics?
Elon Musk just suddenly expressed his stance
On December 7, American billionaire Elon Musk posted on social media that he would not use his increasing influence in the Trump administration to attack or retaliate against industry competitors. This statement sparked widespread discussion, as Musk is known for his bold remarks and controversial business practices. In recent years, Musk has made rapid progress in multiple fields, from electric vehicles to space exploration, to social media, he is almost everywhere. His interactions with American politics have also become more frequent, especially regarding his stance on some key policy issues, which reveals his political ambitions. In this context, his public statement of "not retaliating against competitors" inevitably brings to mind historical cases where business tycoons used their power for personal gain, such as Rockefeller's monopoly empire, which ultimately led to the birth of antitrust laws. However, the key question is, can Musk truly maintain this kind of "magnanimity" consistently? The business world is inherently competitive, especially in the tech sector, and conflicts of interest are unavoidable. Do you think a businessman who conquers the market can truly remain "non-harming" in politics?
See original
Taco Hut
#pepeā”
ćCorrect Waiting ā Welcome the Moment of Harvestć
The rotation of sectors has ultimately returned to the MEME sector. After we ambushed one sector after another and reaped wave after wave, this rebound in MEME has allowed our profits to continue to expand.
We entered PEPE in batches near 0.00001990 and 0.00001750, and only reduced our position near 0.00002060. The next reduction position given by Taco is near 0.0002360. Today's highest price reached 0.00002391, allowing our profits to continue to expand.
We entered FLOKI in batches near 0.00023 and 0.000217, and only reduced our position near 0.00024. The next reduction position given by Taco is near 0.00027. Today's highest price reached 0.000273, allowing our profits to continue to expand.
We entered WIF in batches near 3.17 and 3.05, and only reduced our position near 3.35. The next reduction position given by Taco is near 3.9, which changed to around 3.8 today. Today's highest price reached 3.906, whether at 3.8 or 3.9, our profits continue to expand.
Additionally, the Dogs ambushed near 0.00068 in Taco's little nest have already yielded nearly 40 points, TNSR ambushed near 0.6 has also yielded nearly 40 points, PYTH ambushed near 0.45 has yielded nearly 20 points, and Sui ambushed near 3.47 has yielded nearly 30 points.
The next wave of hotspots, Taco predicts that the SOL ecosystem will perform well. Follow Taco's homepage to ambush before the market starts and reduce positions at relatively high levels; this is what Taco has always been doing.
#BTCčµ°åæåę
#å åÆåøåŗåå¼¹
#å±±åÆØå£ä½ę¶å°ę„ļ¼
#ē¾čåØä½ę¶éęÆļ¼
ćCorrect Waiting ā Welcome the Moment of Harvestć
The rotation of sectors has ultimately returned to the MEME sector. After we ambushed one sector after another and reaped wave after wave, this rebound in MEME has allowed our profits to continue to expand.
We entered PEPE in batches near 0.00001990 and 0.00001750, and only reduced our position near 0.00002060. The next reduction position given by Taco is near 0.0002360. Today's highest price reached 0.00002391, allowing our profits to continue to expand.
We entered FLOKI in batches near 0.00023 and 0.000217, and only reduced our position near 0.00024. The next reduction position given by Taco is near 0.00027. Today's highest price reached 0.000273, allowing our profits to continue to expand.
We entered WIF in batches near 3.17 and 3.05, and only reduced our position near 3.35. The next reduction position given by Taco is near 3.9, which changed to around 3.8 today. Today's highest price reached 3.906, whether at 3.8 or 3.9, our profits continue to expand.
Additionally, the Dogs ambushed near 0.00068 in Taco's little nest have already yielded nearly 40 points, TNSR ambushed near 0.6 has also yielded nearly 40 points, PYTH ambushed near 0.45 has yielded nearly 20 points, and Sui ambushed near 3.47 has yielded nearly 30 points.
The next wave of hotspots, Taco predicts that the SOL ecosystem will perform well. Follow Taco's homepage to ambush before the market starts and reduce positions at relatively high levels; this is what Taco has always been doing.
#BTCčµ°åæåę
#å åÆåøåŗåå¼¹
#å±±åÆØå£ä½ę¶å°ę„ļ¼
#ē¾čåØä½ę¶éęÆļ¼
Top Altcoins to Invest in Now: Handpicked Selections from Layer One, AI, RWA, and More
Recent political developments, such as the increasing likelihood of Trump becoming the next US president, have contributed to this shift in market sentiment. The marketās current phase is primed for gains, and now might be the last chance to enter before the most volatile part of the bull market begins.
Sui and Aptos: Both platforms have shown promising potential. The analyst prefers Sui, highlighting its strong traction.
Arweave (AR): Known for its decentralized storage solution, Arweave has indexed about 15% of the internetās pages. Currently priced at $30, the analyst projects it to reach $80. Despite possible short-term fluctuations, the long-term outlook is bullish.
Artificial intelligence (AI) is revolutionizing various sectors, including crypto. The analyst suggests:
Base Protocol: Touted as the top AI play, Base offers significant potential for those willing to take calculated risks.
Near Protocol: Another strong AI contender, suitable for investors with a high-risk tolerance.
Tokenizing real-world assets is a rapidly growing trend. His key picks include:
Mantra: Identified as a leading player in real-world asset tokenization, Mantra is making notable strides, including a new USDY vault and strategic deals in the UAE.
Axelar: Positioned as an interoperability bridge, Axelar could capitalize on the potential $16 trillion market for tokenized assets by 2030.
The analyst also discussed the importance of cross-chain interoperability and decentralized finance (DeFi). His picks are:
Rune: A strong player in the cross-chain narrative, Rune offers impressive stats and growth potential.
GMX and Aerodrome: For exposure to DeFi and perpetual trading, GMX and Aerodrome on the Base protocol are recommended.
The gaming sector and memecoins also present high-reward opportunities. A diversified approach is suggested, with options like Pepe Coin and others that can be staked for additional returns.
#BinanceTurns7 #BinanceTournament #Write2Earn! #altsesaon
Recent political developments, such as the increasing likelihood of Trump becoming the next US president, have contributed to this shift in market sentiment. The marketās current phase is primed for gains, and now might be the last chance to enter before the most volatile part of the bull market begins.
Sui and Aptos: Both platforms have shown promising potential. The analyst prefers Sui, highlighting its strong traction.
Arweave (AR): Known for its decentralized storage solution, Arweave has indexed about 15% of the internetās pages. Currently priced at $30, the analyst projects it to reach $80. Despite possible short-term fluctuations, the long-term outlook is bullish.
Artificial intelligence (AI) is revolutionizing various sectors, including crypto. The analyst suggests:
Base Protocol: Touted as the top AI play, Base offers significant potential for those willing to take calculated risks.
Near Protocol: Another strong AI contender, suitable for investors with a high-risk tolerance.
Tokenizing real-world assets is a rapidly growing trend. His key picks include:
Mantra: Identified as a leading player in real-world asset tokenization, Mantra is making notable strides, including a new USDY vault and strategic deals in the UAE.
Axelar: Positioned as an interoperability bridge, Axelar could capitalize on the potential $16 trillion market for tokenized assets by 2030.
The analyst also discussed the importance of cross-chain interoperability and decentralized finance (DeFi). His picks are:
Rune: A strong player in the cross-chain narrative, Rune offers impressive stats and growth potential.
GMX and Aerodrome: For exposure to DeFi and perpetual trading, GMX and Aerodrome on the Base protocol are recommended.
The gaming sector and memecoins also present high-reward opportunities. A diversified approach is suggested, with options like Pepe Coin and others that can be staked for additional returns.
#BinanceTurns7 #BinanceTournament #Write2Earn! #altsesaon
$BTC
$ETH
$BNB
š„š„Bitcoin Leads Market with 4.6% Rise Amid Altcoin Rallyš„š„
Bitcoin and major altcoins are showing significant movements in the market as of July 6.
At the time of writing, Bitcoin has gained significantly and is trading at $56,517, up 4.6%. The value of Bitcoin in Turkish lira was determined as 1,921,111 TL. Ethereum (ETH) also turns positive with an increase of 5.1%, showing its price at $3,002. On the other hand, Binance Coin (BNB) is trading at $476, down 11.2%. Ripple (XRP) is trading at $0.433, up 8.4%, while Solana (SOL) is up 9% at around $136. Dogecoin (DOGE) reached $0.109 with a significant increase of 14.2%, while Toncoin (TON) increased by 14.3% and traded at $7.55. Dogwifhat (WIF) stands out as the highest-earning altcoin with a 23.9% increase in the last 24 hours, currently trading at $1.98. Additionally, Zebec Protocol (ZBC) is trading at $0.0174, down 1.4%.
The Dollar Index (DXY) is at 105.3, indicating that the market is relatively stable. While Bitcoin's market cap is around $1.11 trillion, the total market cap of the crypto industry is around $2.18 trillion. The 24-hour transaction volume in the crypto market is around 109 billion dollars. While $193 million was liquidated from the crypto market in the last 24 hours, this affected more than 56,000 investors. While 73.08% of these liquidations came from short positions, the most liquidated asset was Bitcoin.
My dear friends, do not hesitate to give your free support. I am trying to bring such news to you instantly. My only request from you is that if there is anyone who does not follow me yet, I would be happy if they follow me. Do not forget to like my articles and posts. Thank you.
$ETH
$BNB
š„š„Bitcoin Leads Market with 4.6% Rise Amid Altcoin Rallyš„š„
Bitcoin and major altcoins are showing significant movements in the market as of July 6.
At the time of writing, Bitcoin has gained significantly and is trading at $56,517, up 4.6%. The value of Bitcoin in Turkish lira was determined as 1,921,111 TL. Ethereum (ETH) also turns positive with an increase of 5.1%, showing its price at $3,002. On the other hand, Binance Coin (BNB) is trading at $476, down 11.2%. Ripple (XRP) is trading at $0.433, up 8.4%, while Solana (SOL) is up 9% at around $136. Dogecoin (DOGE) reached $0.109 with a significant increase of 14.2%, while Toncoin (TON) increased by 14.3% and traded at $7.55. Dogwifhat (WIF) stands out as the highest-earning altcoin with a 23.9% increase in the last 24 hours, currently trading at $1.98. Additionally, Zebec Protocol (ZBC) is trading at $0.0174, down 1.4%.
The Dollar Index (DXY) is at 105.3, indicating that the market is relatively stable. While Bitcoin's market cap is around $1.11 trillion, the total market cap of the crypto industry is around $2.18 trillion. The 24-hour transaction volume in the crypto market is around 109 billion dollars. While $193 million was liquidated from the crypto market in the last 24 hours, this affected more than 56,000 investors. While 73.08% of these liquidations came from short positions, the most liquidated asset was Bitcoin.
My dear friends, do not hesitate to give your free support. I am trying to bring such news to you instantly. My only request from you is that if there is anyone who does not follow me yet, I would be happy if they follow me. Do not forget to like my articles and posts. Thank you.
Here are Some Advices For You to Become Profitable in Future Tradingš
1. Liquidity Risk: Trade on highly liquid contracts to ensure smooth order execution and avoid slippage.
2. Counter-Trend Trading: Approach counter-trend trading with caution due to its higher risk profile.
3. Volatility Expansion: Anticipate volatility expansion during news events or market announcements.
4. Risk Parity Rebalancing Frequency: Determine the optimal frequency for rebalancing your risk parity portfolio.
5. Tail Risk Hedging: Explore options strategies to hedge against tail risk events (extreme market movements).
#SOFR_Spike #US_Job_Market_Slowdown #SOFR_Spike
#BinanceTournament #Megadrop
1. Liquidity Risk: Trade on highly liquid contracts to ensure smooth order execution and avoid slippage.
2. Counter-Trend Trading: Approach counter-trend trading with caution due to its higher risk profile.
3. Volatility Expansion: Anticipate volatility expansion during news events or market announcements.
4. Risk Parity Rebalancing Frequency: Determine the optimal frequency for rebalancing your risk parity portfolio.
5. Tail Risk Hedging: Explore options strategies to hedge against tail risk events (extreme market movements).
#SOFR_Spike #US_Job_Market_Slowdown #SOFR_Spike
#BinanceTournament #Megadrop
DePIN is the Next Big Thing in Crypto and You Donāt Want to Miss It!
Image if you could ditch the expensive cell service plans and unreliable Wi-Fi connections. What if, instead, you could tap into a global network powered by everyday people and their devices?
This is the ambitious vision behind DePINs, or Decentralized Physical Infrastructure Networks.
DePINs are a revolutionary new concept that leverages blockchain technology to create a more democratic, efficient, and frankly, way cooler, way to manage physical infrastructure.
But what exactly is DePIN, and why is it generating so much excitement in the industry? Letās find out!
Decentralizing the Physical World with DePINs
DePINs are networks that leverage blockchain technologyās decentralization to manage and operate real-world infrastructure. These networks encompass various sectors, from telecommunications to storage and computation. Unlike centralized networks controlled by a single entity, DePINs typically useĀ blockchain-based tokensĀ to incentivize individuals to contribute to the network.
What intrigues me most about DePIN is its use of blockchain-based tokens to incentivize network participation. Itās almost like taking the model ofĀ Bitcoin miningĀ and applying it to the real world. Just as Bitcoin miners are rewarded for verifying transactions, DePIN networks offer tokens to people who contribute to the infrastructure.
This creates a virtuous cycle ā as more people join the network, the value of the tokens increases, which in turn attracts even more participants. Itās a brilliant way to harness the power of tokenization to build a self-sustaining ecosystem.
Also readĀ These 3 TON Projects Will Make You Rich in 2024
Examples of DePIN Projects in Action
Two of the most prominent DePIN projects are Helium and Filecoin. Helium is a Solana-based network that pays people to host wireless hotspots, building a decentralized mobile network. Filecoin, on the other hand, is a decentralized data storage system that incentivizes users to offer their spare storage space.
But DePIN isnāt limited to just communication and data storage. Other projects are exploring its potential in areas like mapping (Hivemapper Network) and 3D rendering (Render Network). The common thread is the ability to create more democratic, efficient, and scalable infrastructure.
This network boasts the capacity to store billions of gigabytes of data, eliminating the risks associated with centralized data storage, such as censorship, hacking, and outages.
One factor that has become clear to me is the crucial role of the underlying blockchain platform.
Many leading DePIN initiatives, including Helium and Filecoin, have chosen to build on the Solana blockchain. Solanaās fast transaction speeds and low fees make it an ideal choice for handling the high volume of data and interactions required by DePIN networks.
With that, we can say the future of Crypto is Bright
As I look toward the future, I canāt help but feel excited about the potential of DePIN. While the adoption of these decentralized physical infrastructure networks is still in its early stages, the promise of a more democratic, efficient, and scalable approach to building and maintaining real-world infrastructure is truly compelling.
As more projects emerge and demonstrate the viability of this concept, I believe the future of DePIN could be poised for significant growth in the years to come.
Learn more about DePIN below!
https://www.youtube.com/watch?v=qmw5DorMr6E
Follow me on Substack atĀ TheLuWizz (@theluwizz)Ā to receive exclusive crypto updates and important alerts so avoid getting scammed. Get these insights for FREE! Straight to your inbox.
This is the ambitious vision behind DePINs, or Decentralized Physical Infrastructure Networks.
DePINs are a revolutionary new concept that leverages blockchain technology to create a more democratic, efficient, and frankly, way cooler, way to manage physical infrastructure.
But what exactly is DePIN, and why is it generating so much excitement in the industry? Letās find out!
Decentralizing the Physical World with DePINs
DePINs are networks that leverage blockchain technologyās decentralization to manage and operate real-world infrastructure. These networks encompass various sectors, from telecommunications to storage and computation. Unlike centralized networks controlled by a single entity, DePINs typically useĀ blockchain-based tokensĀ to incentivize individuals to contribute to the network.
What intrigues me most about DePIN is its use of blockchain-based tokens to incentivize network participation. Itās almost like taking the model ofĀ Bitcoin miningĀ and applying it to the real world. Just as Bitcoin miners are rewarded for verifying transactions, DePIN networks offer tokens to people who contribute to the infrastructure.
This creates a virtuous cycle ā as more people join the network, the value of the tokens increases, which in turn attracts even more participants. Itās a brilliant way to harness the power of tokenization to build a self-sustaining ecosystem.
Also readĀ These 3 TON Projects Will Make You Rich in 2024
Examples of DePIN Projects in Action
Two of the most prominent DePIN projects are Helium and Filecoin. Helium is a Solana-based network that pays people to host wireless hotspots, building a decentralized mobile network. Filecoin, on the other hand, is a decentralized data storage system that incentivizes users to offer their spare storage space.
But DePIN isnāt limited to just communication and data storage. Other projects are exploring its potential in areas like mapping (Hivemapper Network) and 3D rendering (Render Network). The common thread is the ability to create more democratic, efficient, and scalable infrastructure.
This network boasts the capacity to store billions of gigabytes of data, eliminating the risks associated with centralized data storage, such as censorship, hacking, and outages.
One factor that has become clear to me is the crucial role of the underlying blockchain platform.
Many leading DePIN initiatives, including Helium and Filecoin, have chosen to build on the Solana blockchain. Solanaās fast transaction speeds and low fees make it an ideal choice for handling the high volume of data and interactions required by DePIN networks.
With that, we can say the future of Crypto is Bright
As I look toward the future, I canāt help but feel excited about the potential of DePIN. While the adoption of these decentralized physical infrastructure networks is still in its early stages, the promise of a more democratic, efficient, and scalable approach to building and maintaining real-world infrastructure is truly compelling.
As more projects emerge and demonstrate the viability of this concept, I believe the future of DePIN could be poised for significant growth in the years to come.
Learn more about DePIN below!
https://www.youtube.com/watch?v=qmw5DorMr6E
Follow me on Substack atĀ TheLuWizz (@theluwizz)Ā to receive exclusive crypto updates and important alerts so avoid getting scammed. Get these insights for FREE! Straight to your inbox.
T
his Chinese kiddo lost $6B.
He may appear young, but his journey holds valuable lessons for both new and pros in crypto š It all started back in the early days of Bitcoin16-year-old Zhao Tong was fascinated by the tech and he was determined to get involved.However, due to the lack of reputable crypto exchanges, buying Bitcoin was quite challenging.
Long story short, he bought his first BTC...right before the infamous Mt. Gox crash that tanked the price.
Zhao's holdings lost 99% of their value overnight- a loss that would be worth over $6 billion today.
Rather than give up, Zhao doubled down and in just FOUR DAYS he built his own exchange, Bitcoinica.
He created one of the first platforms to offer cutting-edge features like margin trading and it was an INSTANT hit.
With no marketing and basic security, it was rivalling the biggest players with $40 million in monthly volume.
In two weeks, Zhao had made 2,000 $BTC
Tong's youth and inexperience understandably raised some concerns about security but Bitcoinica continued expanding rapidly.
Investors approached Tong with an offer to purchase the exchange and as a student with exams coming up, he agreed to sell.
Zhao made the decision to sell Bitcoinica to a larger company called Wendon Group looking to expand in the space.
Things were looking good...until hackers targeted Bitcoinica multiple times and stole over 100k BTC FROM USERS.
He didn't do anything wrong but his name became known with these hacks within the tight-knit crypto community.
Tong chose to step away from the industry. However, he did retain 1,000 BTC which he invested in a rare solid gold Casascius coin now valued at over $60 million.
This isn't a story of a story of wasted potential. It is a reminder to value the groundwork laid by those who took risks in Bitcoin's unpredictable early days.
There was no blueprint for building secure exchange infrastructure back in 2012, and even today major established players have suffered massive hacks and thefts.
We all need to be safe out here.
his Chinese kiddo lost $6B.
He may appear young, but his journey holds valuable lessons for both new and pros in crypto š It all started back in the early days of Bitcoin16-year-old Zhao Tong was fascinated by the tech and he was determined to get involved.However, due to the lack of reputable crypto exchanges, buying Bitcoin was quite challenging.
Long story short, he bought his first BTC...right before the infamous Mt. Gox crash that tanked the price.
Zhao's holdings lost 99% of their value overnight- a loss that would be worth over $6 billion today.
Rather than give up, Zhao doubled down and in just FOUR DAYS he built his own exchange, Bitcoinica.
He created one of the first platforms to offer cutting-edge features like margin trading and it was an INSTANT hit.
With no marketing and basic security, it was rivalling the biggest players with $40 million in monthly volume.
In two weeks, Zhao had made 2,000 $BTC
Tong's youth and inexperience understandably raised some concerns about security but Bitcoinica continued expanding rapidly.
Investors approached Tong with an offer to purchase the exchange and as a student with exams coming up, he agreed to sell.
Zhao made the decision to sell Bitcoinica to a larger company called Wendon Group looking to expand in the space.
Things were looking good...until hackers targeted Bitcoinica multiple times and stole over 100k BTC FROM USERS.
He didn't do anything wrong but his name became known with these hacks within the tight-knit crypto community.
Tong chose to step away from the industry. However, he did retain 1,000 BTC which he invested in a rare solid gold Casascius coin now valued at over $60 million.
This isn't a story of a story of wasted potential. It is a reminder to value the groundwork laid by those who took risks in Bitcoin's unpredictable early days.
There was no blueprint for building secure exchange infrastructure back in 2012, and even today major established players have suffered massive hacks and thefts.
We all need to be safe out here.
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