Can a Binance account get 1163 USDT for free in a month? Today, Binance Alpha is trending for earning points.
When it comes to marketing skills, Binance is still the best.
Using the successful experiences of a small group of early adopters to attract the attention of the entire crypto community creates an illusion of becoming rich.
Most likely, just when the newcomers are ready to go all in, they get caught in the frenzy.
A small group makes money, while the majority just tags along, contributing daily activity and transaction fees. If you trace the design path of this product, you'll understand.
It seems that the design inspiration for this product comes from Pinduoduo's group buying.
Tony's Recommended Reading List Compilation (Latest Edition):
📚 Investment and Trading 1.(Reminiscences of a Stock Operator)- Jesse Livermore's Novelized Biography, Revealing Market Psychology and Trading Wisdom 2.(The Great Futures Trader)- Practical Case Studies from the Domestic Futures Market 3.(Futures Trading Strategies)- Stanley Kroll's Systematic Futures Trading Methodology 4.(Decoding Price Patterns)- Thomas Bulkowski's Technical Analysis of Price Patterns 5.(Price Action)- Al Brooks' Naked Candlestick Trading System 6.(CIS Stock Trading Techniques)- The Short-term Trading Philosophy of Japanese Legend Retail Investor CIS
This is how the crypto world is, especially with small-cap altcoins, the sustainability of the rise will be very strong, and there won't be obvious pullbacks for you to buy the dip. If you feel that an opportunity to buy the dip has appeared, it basically means it's already at the top.
What do I want to express by saying this?
Two points:
1. If you want to keep up, you must learn to chase the rise, you need to follow it when it’s going up, dare to take the risk, not buy the dip when there’s a crash, because that’s when it ends.
2. Altcoins, they are all finished, it ends here, don’t buy the dip.
It’s hard to be consistent in knowledge and action. I said in the group that Trump’s issuance of coins when he took office was a temporary top, and as a result, I ended up buying the dip and lost quite a bit.
A year ago, when I communicated with Teacher Tony, he said that doing compounded trading well is actually very simple. Just make one or two trades a month, lurking like a crocodile, waiting for the prey that fits your trading system to appear, and then rush up and bite hard.
He said: You only need 45% in a month, and 12 times 45% is 100 times; you can earn 100 times in a year.
At that time, with a hundred thousand, I could earn 50% in a day, making forty to fifty thousand dollars. How could I calm down and listen to Teacher Tony's slow compounding?
In this past year, the market has been chaotic for everyone to see, and I have made big trades—earning and losing, losing and earning. My live account has been reset many times and finally hidden. At that time, Teacher Tony just took a glance and pointed out the flaws in my trading system: the profit fluctuations were too large, and compounding was not possible.
And
Teacher Tony really achieved it, slowly compounding.
In less than a year, Teacher Tony's small account (as shown in the first image) turned $20,000 into over twenty times, earning over four hundred thousand dollars, over three million RMB!
Is this slow compounding really slow? Teacher Tony's "slow compounding" essentially amplifies certainty through time leverage. This requires maintaining absolute rationality, unaffected by FOMO (Fear of Missing Out) and others.
The trading god truly lives up to his name; what he continues to do is exactly what he said a year ago, truly integrating knowledge and action [heart][wow][wow]
Now I understand that when someone shares a viewpoint with you, you will only agree with them when you are at a similar level of understanding. When they are clearly several levels above you, you might think what they say is nonsense and not listen to them at all.
When you meet someone who has a higher understanding than you and is willing to share and help you learn, don’t think independently; just do as they say. When you look back later, you'll realize that what they said at that time was the truth!
To be honest, I am truly lucky to have teachers around me supporting and guiding me, even when I am not performing well sometimes.
In 2025, I will practice Teacher Tony's compounding method [love][love]
Let's set a small goal first: 10% a week, four times 10% a month, ten times in six months.
The era where buying coins and leaving them untouched (commonly known as hoarding coins) could earn you tenfold or hundredfold profits without trading is over. In that market environment, anyone had a chance.
In the current market environment, you need to become a professional trader, use leverage, and possess strong professional qualities, position management, and extreme self-discipline!
Basically, it's a market that only professional traders can navigate,
This is called the disappearance of the bonus; there are no longer low-hanging fruits in the cryptocurrency world. Understand the premise: the low-hanging fruits are gone, there are still high-hanging fruits, but if you are not tall enough, you cannot reach them.
For an ordinary person, the probability of becoming a professional trader is less than one in a thousand.
There is only this path, and it is very arduous; this is the reality.
If you still want to play, work hard to become a professional trader, possess strong professional qualities, position management, and extreme self-discipline as a professional trader.
Bitcoin's new high, the fundamental reason you can't make money:
For the vast majority of us, entering the market with just thirty to fifty thousand, you buy Bitcoin, haha, buy 0.1, who would buy Bitcoin? If it rises to 200,000, what the hell, you make a few thousand, are we beggars?
Most of us come here with the hope of getting rich, expecting tenfold, hundredfold, We want to buy cars and houses, right? Don't we at least need a few million, or at the very least let me make a few hundred thousand?
So, for the vast majority of us, we are playing: If you are spot trading, 1. Ethereum, Ethereum's last bull market rose dozens of times, making many rich, path dependence makes many people play Ethereum this cycle too. Please look at Ethereum, in the past year, it only rose by 50%, what a piece of trash?
2. Altcoins, in this cycle, apart from a few memes that are okay, the rest basically get cut as soon as they go online, no concealment, the eating style is too ugly, old altcoins are basically half dead.
If you are trading contracts,
Volatility has decreased a lot, and it’s more of a fluctuation than a trend. For the vast majority of ordinary people, only in an extremely smooth and explosive upward trend can you possibly make big money, Unfortunately, this cycle is mostly oscillation, even Bitcoin's trending market is very, very rare.
Moreover, with reduced volatility, people will actively increase leverage to obtain better returns. It's common to see tenfold, twentyfold, thirtyfold leverage, and high leverage brings extremely low tolerance, making it very easy to liquidate to zero.
In summary,
Spot trading Bitcoin, Ethereum, one has no space left, the other is half dead; Full of altcoins, hoping for various altcoin seasons, the result is repeated disappointment.
Trading contracts, however, is mostly oscillation, taking turns cutting people.
This damn market has completely cut off the paths for us small retail investors to get rich; how do we play this? Is this the case, is there any truth to it? If it hits your psychology, then give it a thumbs up!
We only have these thirty to fifty thousand, we are not here to make money, we are here to get rich, we want to buy cars and houses, we want our whole family to live a good life... Don’t keep saying Bitcoin has reached a new high, it’s insulting. You are rich, you can't understand our desire to get rich with thirty to fifty thousand capital, If you are not a rich person, then you saying Bitcoin is spot trading is just stupid.
Let me talk about my personal opinion on A-shares: The speed of this wave of market rise is rare, and old investors have never seen it. Hong Kong stocks continued to rise during the National Day holiday, and the A-share market will open higher tomorrow. Market judgment and strategy: First of all, we must understand that the market is a probability problem, and decision-making is related to risk tolerance. It is not easy to express opinions on this rare market, and don't test human nature easily. If you stop it, if it is really a bull market, it will delay your making money. If you encourage it, this time it will rise too fast after all, and if the market is not right, you will fall into the pit. Old investors are generally more cautious. They can't beat new investors in a good market, but it is easier to lose money in a weak market. Assume that the bull market is coming and follow the market. This wave of short squeeze may not start to fluctuate until the 9th (those who opened an account during the holiday can only trade on the 9th). Due to the large increase in Hong Kong stocks during the holiday, it feels difficult to make a big correction tomorrow. This wave of gains is too large, and the subsequent big shocks feel very intense. New investors who came in after the holiday will rush in without thinking and feel that they will be short-covered. The direction of subsequent speculation mainly depends on securities, Internet finance and technology. We are not optimistic about the sustainability of real estate, and we should pay attention to avoid the dividend stocks that have risen against the trend in the past two years. This time, new investors were attracted by the big rise. If they encounter a big bull market, they may make money faster than old investors, but they are easy to get carried away and lose money in the future market. For new investors, I can only suggest: 1. If you play with suggestions, play with ETF funds (ETF funds are a package of stocks, which saves you the trouble of stock selection and does not require stamp duty). 2. Think more about your risk tolerance. If you make money, don't get carried away. Even a feast will end.
During the event, new users who register and trade 50U can get 30 CATI, first come first served; those who have not registered at home can come and get some benefits
Event period: 08:00 on September 16, 2024 to 07:59 on September 19, 2024 (Eastern Time Zone 8)
Just pay attention to the group atmosphere, which can be roughly divided into four steps: Step 1: When the market starts to fall, people in the group are bragging and talking and laughing; Step 2: When the market falls by 20%, people start asking when to add positions, recall the past, and comfort themselves; Step 3: When the market falls by 50%, fewer people ask when to add positions, and people start telling jokes instead of talking about the market, paralyzing themselves; Step 4: When the market falls by 80%, most people in the group are silent, and occasionally a few people check the price. After these 4 steps, when the number of people in the group begins to decrease and some groups are disbanded, it is the opportunity to buy at the bottom. Go directly into the market with a heavy position, and you will get a steady increase.
Mentality plays an extremely important role in trading, so how to solve the problem of keeping a good mentality in trading? Everyone should have some experience that mentality is very important in trading. For example, sometimes you feel that you are very lucky and you keep making money when you make money, and sometimes you feel that you are very unlucky and you keep losing money when you lose money. In this case, mentality accounts for a large part of the reason. The market will only add icing on the cake and add insult to injury, so that those who make money can make more money and those who lose money can lose more money. If you are losing money now, you will often lose more later, because when you are eager to get your money back, your mentality will be messed up. This bad mentality in trading will make you do three things: 1. You are eager to take the money and be safe after making a little money, fearing that the money you made will also be gone; 2. You are anxious after losing a little money, fearing that you will lose more and stop losses frequently; 3. You are afraid of missing out when you don’t make any money or lose money, and you will be hammered in the chest and stamped your feet, which will lead to frequent trading and frequent stop losses, falling into a vicious circle, and eventually you will never be able to get your money back, let alone make a profit$BTC
I would like to dedicate this article to my friends who have suffered heavy losses in contracts.
I have written about this topic before, and I thought I’d write about it again today. Yesterday I met an old friend from an investment bank. He entered the market last year and lost 3 million in a few months. At that time, I advised him to leave the contract. A few months later, he borrowed money to enter the market again. When I advised him the second time, he had already lost 8 million. At that time, he was so disgusted that he said he wanted to leave the gambling table. Now a year has passed, and he has lost 14 million. (Updated on October 6, he has lost 17.2 million...) Here I want to say that contracts are not suitable for 99.999% of people. The contract masters you see in your field of vision are just survivor bias, just like you often see those successful entrepreneurs broadcast by the media, thinking that successful people are everywhere, but you never know how many failed entrepreneurs are buried in the years.
I took a look at the market. The copycats are committing mass suicide. Especially in the secondary market. Bitcoin is fine, it's just volatile. The copycat Bitcoin pulls them down, and Bitcoin rises and they fall. In addition, Binance keeps adding new coins and sucking blood. With tens of billions of projects, the copycats are basically sucked dry. During this period, the opportunities are still in the primary market, and there is nothing to play in the secondary market. The good thing is that the bull market will not end so soon. It will continue like this. Exactly the same familiar feeling
Last night, a lot of quantitative copy trading was cleaned up in Binance. I saw several quantitative copy trading accounts with millions of dollars, all of which were blown up. It’s a pity. Or the system is not up to standard.
Many people have asked me in private messages how many times I usually open leverage. Let me explain. How many times the leverage is opened depends on the following conditions: 1. Your risk preference 2. The contract currency opened 3. The size of the contract funds 4. Are you doing simple interest or compound interest 5. Determine the size of the market.
So it is meaningless for you to ask me how many times the leverage is opened. If you have a high risk preference, small funds and high returns, wait for an opportunity with high certainty and how high the leverage can be pulled according to the stop loss. How can you make the first pot of gold if you don't do this.
The difference between simple interest and compound interest, if you are doing simple interest, the leverage can also be maintained at a certain multiple. But if it is compound interest, as your capital volume increases, the leverage must be reduced to increase the fault tolerance rate, otherwise a big mistake will have to be pushed back.
Another point that I think is more important is that when encountering a big market, you must dare to operate with a heavy position, because a big market is hard to come by, as long as you catch a wave, your capital volume may increase by a level.
Some old fans who are familiar with me should know that my real-time profit started from 10,000 yuan compound interest. The first transaction was 20 times leverage to long BTC. It took half a month to roll the position to more than 100,000 yuan, and then the leverage gradually decreased. When the funds were hundreds of thousands, it was generally not more than 10 times. When it reached two or three million, the leverage was generally not more than five times. At present, the amount of funds I may open about three times in general market conditions. (Mainly referring to BTC)
The above are some of my experiences in the process of growth, for your reference. ——Bit King
You think people who are going for the local dog: Oh my god, I can make 100 times the money with one catch, I'm so envious, I've made so much money In fact: I went for 10 today, 8 of them went back to zero, 1 I held on to and didn't sell and went back to the starting point, 1 was lucky and made back all the losses from the previous 8. I finally caught a golden dog, but I sold it too fast. But it doesn't affect bragging$BTC
Shenyu wrote a piece of advice to novices on Weibo N years ago: How to make $100 million from a $1,000 capital.
1. Within $100,000: Learn more and do more. Brush the airdrops of the core track Defi projects, and brush the whitelist mint of the popular NFT projects. This stage requires a lot of time to obtain information, analyze and study to determine potential projects, and the execution must be strong, and you must persevere in getting the wool; 2. $100,000-$1 million: Don’t leverage the currency, don’t play contracts On the new public chain and L2, find potential projects according to the time machine rules, get chips at a low price; find your ten-fold coin; 3. $1 million-$10 million: Choose your currency standard btc or eth, etc., and study it in depth; trade appropriately, don’t short, don’t short, don’t short! Flexibly use low-leverage defi lending protocols to improve capital utilization. You can use platforms like dydx to get token rewards while trading. Observe more, arbitrage more, adhere to the currency standard, and pursue the growth of the currency standard; do not covet every hot spot, earn every penny, obtain stable cash flow through arbitrage, staking, etc., keep a stable mentality, and be indifferent. Whether the wealth level can be broken through, the rest is left to time and industry development;
4. 10 million-1 billion dollars: Once the assets exceed a small goal, improve the life of your family, read more, exercise more, change your personal cognition and circle, hold the core assets, and pursue low-risk stable appreciation and good cash flow without stepping into the big pit. Don't play contracts, don't start a business, and be careful to avoid falling into the pit. Maintain a certain currency standard assets and don't step into the air. Maintain a certain stable currency assets to obtain a stable cash flow. At the same time, deal with emergencies in life, and you can also have bullets to buy the bottom when the market plummets.
Take 10-15% of your assets to invest in the track you are optimistic about, so that you have something to do, and at the same time, you can prevent yourself from being greedy. $BTC