林克Clean

I have held Bitcoin for 10 years, and this Binance account is the same age as Binance itself. I registered in July 2017 when Binance launched. Today, I found a post from 2016 when I bought Bitcoin for over 524,649,986,103,000 RMB. At the end of that year, Trump was elected as the President of the United States for the first time, and the price of Bitcoin surged to over 7,000 RMB. I sold off more than half, making a profit of more than double. That was the time I sold the most Bitcoin. Low cost but unable to hold, the limitation of understanding is just the surface. The deeper reason is that Bitcoin has become a container for consuming imagination, carrying a future narrative far beyond my initial understanding.
Observing the Bitcoin whales around me, most of them earn Bitcoin through work. The cost is not the fiat currency used to buy it, but the realization of abilities and resources. Therefore, the cost of fiat currency is original sin, and anchoring prices is a mental demon. The best way is to make your abilities and value become mining machines, directly exchanging labor value for Bitcoin. Without buying points or selling points, one can traverse bulls and bears and stand firm in the torrent of time.

Hahaha, bullish in the long term, bearish in the short term

On Xiaohongshu, I came across someone pretending to be impressive with fake liquor.
This Kangdi looks fake at first glance, and sure enough, upon clicking in, it turns out to be a cryptocurrency scammer, pretending to be high-end but actually low-class.
Kangdi is fake liquor, Rolex Daytona is also obviously a fake watch, the cigar is a mass-produced fake 🍆, and the trades are probably edited images.

I often see various KOLs posting on Xiaohongshu, but the traffic is generally average, while this scammer has quite a good amount of traffic. The core is to show off (low-class) lifestyle + occasionally post receipts. I suspect there are quite a few private messages in the backend.

It's 2052, and you still haven't learned to demystify the so-called 'big shots'?
Getting results ≠ having value to you; in fact, their words and actions can even be negative for you.
Du Jun, just a little understanding reveals his profit-driven motives; with every blow, he takes a large chunk of flesh from the industry.

In 2018, he created a paid private investment group, with an annual fee as high as 500 $ETH, recklessly harvesting profits.
In 2020, he made a high-profile return to Huobi, claiming to be 'responsible for the coin price', with keywords HECO, MDX.
What was the outcome? I won't elaborate here; later, his related searches added a #BTR.

Over the years, we can already see who is an entrepreneur and who is a profiteer.
Du Jun's label does not need others to define; the industry is witness.
From his personal trajectory, he went from working in a restaurant in Beijing to becoming the 'founder of Domain Chain', which is undoubtedly a success.
But for the industry, media evaluations are akin to sharp knives.

Recently, I watched Mu Yu Shui Xin interpret 'Water Margin', and upon examining the characters, the common people ridicule Cai Jing for 'selling offices and extracting without limits'.
This is said to be 'for personal gain, destroying the public good', resulting in 'death of the body and extinction of the clan, leaving a stench for ten thousand years'.
Cai Jing, this treacherous minister, exchanged personal interests for national harm; in the industry, it is about exchanging monopoly short-term profits for long-term ecological collapse.

Having been in the industry for many years, I know people who entered at various cycles. Some veteran investors started trading cryptocurrencies as early as 2016. Interestingly, I found that the majority are losing money, and it's rare to see a few who consistently make profits. I plan to chat with these veteran investors to identify the common traits of those who are losing money, in order to provide everyone with a reference for avoiding pitfalls.

Is it a bear market? Look at these two charts.
Chart 1 shows the capital flow situation in the exchange during the bear market fluctuations, with both inflows and outflows being sluggish, market confidence is lacking, and people are either going on vacation or going fishing.
Chart 2 shows the capital flow situation after Trump's election, where the market has clearly become more active. Although there are disagreements, overall capital is net inflow increasing, and it can be clearly seen that new opportunities arise every month, with a considerable amount of new money coming in recently.
This is just a normal game between bulls and bears, the trend is still there. A few days ago, FOMO was optimistic but thought the projects were high, and now there are opportunities to buy, such as platform tokens, $HYPE, $UNI
#加密市场回调

The Qixi Festival is coming soon, and when looking for a boyfriend, you must find a man from the cryptocurrency world. If he can be fooled by pump-and-dump schemes so many times, how bad can he actually be?

The market is really good, there are many opportunities to make money lately, this is a bull market. $BNB keeps breaking new highs, $XPL continues the old tradition of pre-market contracts, and as expected on the Korean exchange, $WLFI has also arrived, and the investment return based on the pre-market price is also decent.
The Shanghai Composite Index is at 3825, $ETH has also ended a week-long bear market, touching 4887 and breaking the previous high. Recently, when it pulled back to 3000, there were many voices saying it would drop further, and many teachers emphasized the risks, never mentioning that when the market comes, you need to have positions. Having been beaten for so long, I've never tasted anything good.

Hyperliquid has only 11 people, with an average annual revenue of 100 million dollars per person. Two days ago, @chameleon_jeff mentioned in an interview with @WutalkWu that there are 11 core members. Based on @DefiLlama's 30-day revenue estimates, they have become the company with the highest average revenue per person in the world. In the past 24 hours, @HyperliquidX generated $3.92 million in revenue, and according to the previous on-chain distribution report, 92% is used for buying back $HYPE. This tokenomics makes it clear which token to invest in.

Tom Lee and Fundstrat both believe that the Ethereum pullback to $4075-$4150 is a healthy adjustment, not a crash.
The market indeed needs to catch its breath, and this pullback of $ETH is paving the way for the next rise, with spot prices stabilizing.

Two weeks ago, A-shares at 3500, $ETH also at 3500
Today, two weeks later
The Shanghai Composite Index has risen to 3740, and there's a wave of joy in the friend circle
$ETH has pulled back to 4250, but the timeline feels a bit pessimistic 😂
For me, this is a good position, I increased my spot holdings.

Besides showing off, this actually has no meaning
This year, I made many new friends and encountered diverse investment perspectives
In the past, during gatherings in my outdated social circle, everyone liked to compare who had a lower cost for $BTC and $ETH; I also participated, and the winners would feel self-satisfied. Looking back, it seems quite foolish 😂

Because the truth is, those who bought at low levels also sold out at relatively low points

The so-called 'veterans of the crypto world' have merely gone through more market cycles and accumulated more lessons about losing money. In terms of industry insight and investment level, they may not compare to today’s newcomers
This year, I’ve seen quite a few post-2000s individuals displaying remarkable insight and execution. They don't compare costs; they compare current returns
Without the burden of 'bull and bear experience,' they are more willing to embrace change
Especially in the current 'chaotic era' of the market, the algorithms governing the world have changed, and the OG's bull and bear experiences no longer apply

When it was at 4000, I sold 120 $ETH
The preset take-profit point was reached, and there was nothing wrong with executing it, but looking back, I feel a bit regretful 😂. Over the past two days, it retraced to around 4400, and I bought some back. It seems I should hold onto good spot assets and not mess around carelessly.
I initially wanted to use the profits to order a Patek Philippe Cubitus.
But compared to the Nautilus, it really feels like a swamp snail.
Even compared to the fully diamond-encrusted 5980, I still think my 5712 looks better 🥲.

On February 9, 2021, $BNB broke 100 USD, and @CZ posted that this is just the beginning

Recently, $BNB has been continuously setting historical highs, marking a new beginning

It's just the beginning.