辣椒说币
SOL Holder
Frequent Trader
8 Years
推特：@pepperforblock｜公众号：辣椒的财富｜群聊每日分享｜2015年进场，拿住过三个百倍币DOT，AXS ，SATS｜现货，撸毛
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After losing 5 million, I summarized 7 lessons learned
Although I started buying Bitcoin in 2015, I have fallen into new pitfalls with each cycle. Recently, the market has been poor, providing the opportunity to review the pitfalls encountered in this cycle as a warning to myself, and hopefully, if it can inspire others, that would be great. Let's begin the main content.
1. Don't worry about fluctuations in your account balance. My account balance peaked in early 2024, and as of January this year, it was about 10% lower than that peak. Even knowing that January was already a high market, I still fantasized about hitting a new high, which led to significant losses later.
1. Don't worry about fluctuations in your account balance. My account balance peaked in early 2024, and as of January this year, it was about 10% lower than that peak. Even knowing that January was already a high market, I still fantasized about hitting a new high, which led to significant losses later.
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Review of Sats' 30x growth
I minted sats in July and made a simple tutorial to send to the group. The cost of mint at that time was about 0.4u per piece. Converted to u, the cost of one sats in July was 0.000000004U. As of November 11, 2023, the price of one sats was 0.00000013U, so it has increased more than 30 times.
Why pay attention to sats? In fact, at the same time as sats, oxbt, orc20 and other variants were also popular, but I only played sats.
There are three reasons. The first reason is luck. We know that the smallest unit of calculation of Bitcoin is satoshi, and its English name is satoshi. Around 2020, I used an app called Faucet. This app can be used to order takeout, shop on Taobao, etc. After each purchase, the app will return some satoshis to you. When a certain amount of satoshis is accumulated, you can withdraw the coins to your wallet. This app made me understand Cong for the first time. sats corresponds to satoshi, so my good impression of sats comes from here.
Why pay attention to sats? In fact, at the same time as sats, oxbt, orc20 and other variants were also popular, but I only played sats.
There are three reasons. The first reason is luck. We know that the smallest unit of calculation of Bitcoin is satoshi, and its English name is satoshi. Around 2020, I used an app called Faucet. This app can be used to order takeout, shop on Taobao, etc. After each purchase, the app will return some satoshis to you. When a certain amount of satoshis is accumulated, you can withdraw the coins to your wallet. This app made me understand Cong for the first time. sats corresponds to satoshi, so my good impression of sats comes from here.
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《Remember to choose this step when withdrawing from Edgex》
I withdrew from Edgex using the Arb mainnet and the ETH mainnet. The result was that withdrawing using the Arb mainnet took only a few minutes, while withdrawing using the ETH mainnet took several hours. So remember to choose the Arb mainnet when withdrawing from Edgex. #空投大毛 #空投分享 #Hyperliquid
$BTC
I withdrew from Edgex using the Arb mainnet and the ETH mainnet. The result was that withdrawing using the Arb mainnet took only a few minutes, while withdrawing using the ETH mainnet took several hours. So remember to choose the Arb mainnet when withdrawing from Edgex. #空投大毛 #空投分享 #Hyperliquid
$BTC
The Next Hype? The Dark Horse of On-Chain Contract Exchanges: Edgex, with Airdrop Tutorial.
1. The current leading contract exchange is Hype; at that time, a casual interaction could yield tens of thousands of dollars in Hype airdrops. On-chain contracts are the trend; one Hype cannot consume all the contract market, and there will inevitably be later entrants to share the contract market. Recently, I discovered a dark horse similar to Hype: Edgex. The reason I call Edgex a dark horse is that it resembles Hype from back in the day, for example, they do not advertise and belong to a small group of people quietly using the product. For instance, the product capability is strong, the Edgex interface is very smooth, and it has already launched an app. Moreover, Edgex's trading volume is already in the first tier, but not many people discuss it in the Chinese community. All signs indicate that Edgex is the next dark horse in on-chain contracts.
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《Backpack Week 4 Points Situation》
1⃣️I just received the points for Week 4, totaling 65 points. The contract trading volume for Week 4 is around $50,000, so approximately $10,000 in trading volume corresponds to 13 points. In contrast, for Week 3, $10,000 in trading volume corresponded to about 15 points. So it is evident that Backpack is getting more competitive.
2⃣️In addition to points, BP also distributed USD and SEI rewards, totaling around $6, which can be considered a subsidy for part of the transaction fees.
#空投分享 #backpack $BTC
1⃣️I just received the points for Week 4, totaling 65 points. The contract trading volume for Week 4 is around $50,000, so approximately $10,000 in trading volume corresponds to 13 points. In contrast, for Week 3, $10,000 in trading volume corresponded to about 15 points. So it is evident that Backpack is getting more competitive.
2⃣️In addition to points, BP also distributed USD and SEI rewards, totaling around $6, which can be considered a subsidy for part of the transaction fees.
#空投分享 #backpack $BTC
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《Opensea Task Notes》
1. On the day of 0801, the tasks on Opensea require completing the creation of a gallery (create a gaming gallery) and sharing the gallery on X (share your gaming gallery on X). Therefore, after purchasing the NFT, you cannot sell the NFT immediately; instead, you must complete the above two tasks before selling.
2. It is recommended to purchase NFTs on the Base mainnet, as they are cheap and fast.
#以太坊十周年 #空投大毛 #OpenSea
1. On the day of 0801, the tasks on Opensea require completing the creation of a gallery (create a gaming gallery) and sharing the gallery on X (share your gaming gallery on X). Therefore, after purchasing the NFT, you cannot sell the NFT immediately; instead, you must complete the above two tasks before selling.
2. It is recommended to purchase NFTs on the Base mainnet, as they are cheap and fast.
#以太坊十周年 #空投大毛 #OpenSea
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Invested 15,000 into Theoriq @TheoriqAI. The last valuation for Theoriq was 150 million, and this new round is at a valuation of 75 million, with full unlock, so it's very likely to be profitable. However, Theoriq's oversubscription is nearly 40 times, so the profit margin may be small. #空投零噜分享
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The Next Hype? The Dark Horse of On-Chain Contract Exchanges: Edgex, with Airdrop Tutorial.
1. The current leading contract exchange is Hype; at that time, a casual interaction could yield tens of thousands of dollars in Hype airdrops. On-chain contracts are the trend; one Hype cannot consume all the contract market, and there will inevitably be later entrants to share the contract market. Recently, I discovered a dark horse similar to Hype: Edgex. The reason I call Edgex a dark horse is that it resembles Hype from back in the day, for example, they do not advertise and belong to a small group of people quietly using the product. For instance, the product capability is strong, the Edgex interface is very smooth, and it has already launched an app. Moreover, Edgex's trading volume is already in the first tier, but not many people discuss it in the Chinese community. All signs indicate that Edgex is the next dark horse in on-chain contracts.
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《Why Did Bitcoin Drop?》
1. In recent days, Bitcoin has dropped from 120,000 to just over 110,000, and altcoins that just started to rise were quickly suppressed. According to news, this seems to be related to Trump's tariff negotiations at the beginning of August. In fact, as early as last week, on-chain data had already shown signs of overheating.
2. Last week, Bitcoin's realized profit had risen to levels similar to those in February and November 2024. This indicates that Bitcoin has entered a local top. Bitcoin's realized profit is a very good on-chain indicator. At that time, Bitcoin was around 120,000, and most people were optimistic about Bitcoin continuing to rise, leading to a frenzy of buying altcoins. However, I warned everyone that selling should be the priority right now, otherwise it would be easy to get trapped. As a result, after a week, the market fell into a downturn.
3. Just looking at the news can easily create the illusion that Bitcoin is about to surge, while on-chain data is like an ultrasound, capable of seeing through the intentions behind the main forces. #GalaxyDigital抛售比特币 #加密市场回调
$BTC
1. In recent days, Bitcoin has dropped from 120,000 to just over 110,000, and altcoins that just started to rise were quickly suppressed. According to news, this seems to be related to Trump's tariff negotiations at the beginning of August. In fact, as early as last week, on-chain data had already shown signs of overheating.
2. Last week, Bitcoin's realized profit had risen to levels similar to those in February and November 2024. This indicates that Bitcoin has entered a local top. Bitcoin's realized profit is a very good on-chain indicator. At that time, Bitcoin was around 120,000, and most people were optimistic about Bitcoin continuing to rise, leading to a frenzy of buying altcoins. However, I warned everyone that selling should be the priority right now, otherwise it would be easy to get trapped. As a result, after a week, the market fell into a downturn.
3. Just looking at the news can easily create the illusion that Bitcoin is about to surge, while on-chain data is like an ultrasound, capable of seeing through the intentions behind the main forces. #GalaxyDigital抛售比特币 #加密市场回调
$BTC
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《Understanding US Treasury Yield at a Glance》
1. Understanding US Treasury yields helps us comprehend the fluctuations in the cryptocurrency market. US Treasury yields and US Treasury prices are inversely related. When US Treasury prices rise, it indicates that many people are buying US Treasuries; as more people buy, the yields decrease. It's similar to how when many people are using Binance Alpha, the yields of Alpha will decrease. Conversely, when US Treasury prices fall, US Treasury yields will rise.
2. When the Federal Reserve raises interest rates, people tend to sell US Treasuries and deposit their money in banks, as the bank interest rates are higher than those of US Treasuries. This leads to a decline in US Treasury prices and an increase in US Treasury yields. Conversely, when the Federal Reserve lowers interest rates, people withdraw money from banks to purchase US Treasuries, as the interest rates on US Treasuries are higher than those offered by banks. This leads to an increase in US Treasury prices and a decrease in US Treasury yields. #加密立法新纪元 #Strategy增持比特币 $BTC
1. Understanding US Treasury yields helps us comprehend the fluctuations in the cryptocurrency market. US Treasury yields and US Treasury prices are inversely related. When US Treasury prices rise, it indicates that many people are buying US Treasuries; as more people buy, the yields decrease. It's similar to how when many people are using Binance Alpha, the yields of Alpha will decrease. Conversely, when US Treasury prices fall, US Treasury yields will rise.
2. When the Federal Reserve raises interest rates, people tend to sell US Treasuries and deposit their money in banks, as the bank interest rates are higher than those of US Treasuries. This leads to a decline in US Treasury prices and an increase in US Treasury yields. Conversely, when the Federal Reserve lowers interest rates, people withdraw money from banks to purchase US Treasuries, as the interest rates on US Treasuries are higher than those offered by banks. This leads to an increase in US Treasury prices and a decrease in US Treasury yields. #加密立法新纪元 #Strategy增持比特币 $BTC
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Spark has taken off. If you are optimistic about SPK but worried about chasing highs, you can use stablecoins to receive free SPK airdrops. If you don’t know how to operate, you can check out the tutorial I forwarded #GENIUS稳定币法案 $SPK
The Future Star of Stablecoins: Spark, Along with Participation Tutorial
Recently, the secondary market has not been doing well, and staking ETH and SOL for airdrops is not reassuring; the value of the airdrop may not even match the decline of ETH and SOL. Therefore, I, Chili Brother, have been searching for projects to earn airdrops using stablecoins because at least stablecoins won't drop in value. Recently, I discovered that Spark allows participation with stablecoins, and it has a solid background.
Spark is a DeFi application that belongs to the Sky ecosystem (formerly MakerDAO), focusing on on-chain capital allocation and liquidity management. People familiar with the crypto space should know about MakerDAO, which was established in 2013 and has stood the test of time for 12 years. Spark is a project incubated by MakerDAO itself. Let's take a look at Spark's current products. Spark's current offerings include Spark Savings (earning returns on stablecoin deposits) and SparkLend (decentralized lending market), managing assets exceeding $6 billion, with an annual income of approximately $355 million. Therefore, Spark not only has the backing of a long-standing project but also manages a substantial scale, making it self-sustainable and less likely to exit scam. Additionally, Spark has received support from top institutions such as a16z and Paradigm, with a total asset management scale exceeding $8 billion, categorizing it as a large project. This is the kind of financially robust project that I, Chili Brother, prefer.
Spark is a DeFi application that belongs to the Sky ecosystem (formerly MakerDAO), focusing on on-chain capital allocation and liquidity management. People familiar with the crypto space should know about MakerDAO, which was established in 2013 and has stood the test of time for 12 years. Spark is a project incubated by MakerDAO itself. Let's take a look at Spark's current products. Spark's current offerings include Spark Savings (earning returns on stablecoin deposits) and SparkLend (decentralized lending market), managing assets exceeding $6 billion, with an annual income of approximately $355 million. Therefore, Spark not only has the backing of a long-standing project but also manages a substantial scale, making it self-sustainable and less likely to exit scam. Additionally, Spark has received support from top institutions such as a16z and Paradigm, with a total asset management scale exceeding $8 billion, categorizing it as a large project. This is the kind of financially robust project that I, Chili Brother, prefer.
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Modular L1 Participated by Former Binance Executives — Warden, Including Participation Tutorial
1. Recently, the Warden project has caught my attention. Warden is a modular L1, and we can complete on-chain interactions using natural language. Previously, when we wanted to swap on-chain, we had to connect our wallet to a DEX, approve tokens, and then complete the swap. With Warden, we can simply type 'Help me buy SOL with 100 USDT' to complete the swap. Thus, Warden greatly simplifies our on-chain interaction process.
2. It is said that Warden has raised up to $50 million, with a luxurious team that includes former executives from Binance and Google. I checked, and Warden's CEO is David Pinger, who graduated from the University of Munich with a degree in Business Administration and Computer Science, and has ten years of experience in the crypto space. He previously led the R&D at Qredo Labs, focusing on stateless chains, WebAssembly, and zero-knowledge proofs. He has held product, data analysis, and operations-related positions at Binance and Uber. Dr. Michele Dallachiesa is the Chief AI Officer, and was previously a researcher at Google and NASA, specializing in AI and machine learning.
2. It is said that Warden has raised up to $50 million, with a luxurious team that includes former executives from Binance and Google. I checked, and Warden's CEO is David Pinger, who graduated from the University of Munich with a degree in Business Administration and Computer Science, and has ten years of experience in the crypto space. He previously led the R&D at Qredo Labs, focusing on stateless chains, WebAssembly, and zero-knowledge proofs. He has held product, data analysis, and operations-related positions at Binance and Uber. Dr. Michele Dallachiesa is the Chief AI Officer, and was previously a researcher at Google and NASA, specializing in AI and machine learning.
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Era airdropped $1000
1. I received the Caldera airdrop yesterday, with about 500 tokens. Calculating at the highest price of 2 dollars each, the maximum value of the batch is 1000 dollars. However, only half has been unlocked so far, and the remaining half can be claimed after 90 days. This also indicates that besides Binance Alpha, there are still plenty of opportunities in on-chain airdrops.
2. I recalled that I have only participated in sporadic tasks related to Era in Galaxy and Layer3, which didn't take much effort, but the airdrop from Era was quite substantial. So I guess Era might have referenced the activities of the ETH mainnet.
3. I initially thought Era would benchmark against Altlayer, which has been debunked as a layer two service provider, and that its FDV would be around 300 million, but I didn't expect Era's maximum FDV to reach 2 billion. If Era's FDV is 300 million, then the corresponding price of the era token would be around 0.3 dollars. So can we see Era at 0.3 dollars?
2. I recalled that I have only participated in sporadic tasks related to Era in Galaxy and Layer3, which didn't take much effort, but the airdrop from Era was quite substantial. So I guess Era might have referenced the activities of the ETH mainnet.
3. I initially thought Era would benchmark against Altlayer, which has been debunked as a layer two service provider, and that its FDV would be around 300 million, but I didn't expect Era's maximum FDV to reach 2 billion. If Era's FDV is 300 million, then the corresponding price of the era token would be around 0.3 dollars. So can we see Era at 0.3 dollars?
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Pengu's Sharp Rise, Can It Still Be Bought?
1. Recently, Pengu has skyrocketed, increasing eightfold in just a few months. Various projects have changed their avatars to little penguins, freely advertising for Pengu. Why has Pengu risen so sharply, and can it still be bought? My answer is not to buy in.
2. The reasons for Pengu's sharp rise are multifaceted. First, Pengu is a veteran NFT project in the Ethereum ecosystem, rich in senior resources, and last year during the airdrop, I received thousands of dollars worth of Pengu. So, the project team is very generous. Secondly, in the past six months, Pengu has been promoting related ETF applications, indicating that the project team has big ambitions and will increase its exposure. Additionally, Pengu is not entirely a worthless coin; it still has web2 income from selling IP. At the end of last year, I also mentioned that Pengu is worth paying attention to, and I didn't expect it to increase eightfold directly from the bottom.
2. The reasons for Pengu's sharp rise are multifaceted. First, Pengu is a veteran NFT project in the Ethereum ecosystem, rich in senior resources, and last year during the airdrop, I received thousands of dollars worth of Pengu. So, the project team is very generous. Secondly, in the past six months, Pengu has been promoting related ETF applications, indicating that the project team has big ambitions and will increase its exposure. Additionally, Pengu is not entirely a worthless coin; it still has web2 income from selling IP. At the end of last year, I also mentioned that Pengu is worth paying attention to, and I didn't expect it to increase eightfold directly from the bottom.
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Sahara has increased, I just received the airdrop today. The only regret is that there are only about 40 single numbers. But it was at no cost. If I had known, I would have made more numbers. #币安HODLer空投SAHARA
#walletconnect $WCT @WalletConnect $SAHARA
#walletconnect $WCT @WalletConnect $SAHARA
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Should we continue to brush Binance Alpha?
1. Many friends feel that Binance Alpha is tasteless and regrettable to give up, struggling over whether to continue brushing Binance Alpha. Today, Brother Chili will not discuss specific operational methods but will judge whether to continue brushing Binance Alpha based on the annualized return rate.
2. Monthly cost per account: $210. I calculated the costs, revenues, and profits from June 1 to June 28. Assuming each account has $10,000 in funds and a daily actual volume of $32,768, the daily cost is $7, and the cost for 30 days is $210 (since there was a period where we could use koge/zkj for mutual brushing, the actual cost is lower, but for the sake of convenience in statistics, the maximum cost is taken).
2. Monthly cost per account: $210. I calculated the costs, revenues, and profits from June 1 to June 28. Assuming each account has $10,000 in funds and a daily actual volume of $32,768, the daily cost is $7, and the cost for 30 days is $210 (since there was a period where we could use koge/zkj for mutual brushing, the actual cost is lower, but for the sake of convenience in statistics, the maximum cost is taken).
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Episode 1 of Cryptocurrency Stories: The 100x Surge of L2 Loopring
1. Since entering the crypto space in 2015, many stories have unfolded in the cryptocurrency world. I plan to write a serialized account of these stories, just as a record. The main character of the first episode is Ethereum L2 Loopring. Many people may not remember Loopring, or even look down on Ethereum L2, but Loopring has risen from a low of $0.03 at the end of 2018 to $3.7 in March 2021, an increase of over 100 times.
2. Loopring is one of the earliest public chains to transition to Ethereum L2. In the last cycle, there were not thousands of L2s, and the market did not care whether you had users, revenue, or VC selling tokens; as long as you had a narrative, you could take off. However, in this cycle, countless L2s like ARB, OP, ZKSYNC, and STARKNET have exhausted the market's confidence.
2. Loopring is one of the earliest public chains to transition to Ethereum L2. In the last cycle, there were not thousands of L2s, and the market did not care whether you had users, revenue, or VC selling tokens; as long as you had a narrative, you could take off. However, in this cycle, countless L2s like ARB, OP, ZKSYNC, and STARKNET have exhausted the market's confidence.
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I just saw the official description of the Binance wallet Codatta, which mentioned that the number of rewards for the two tasks of uploading images for 5 days and 7 days is only 20,000 people, and it is on a first-come, first-served basis. Currently, the total number of participants is nearly 50,000. Therefore, students doing the tasks must remember not to miss a day. #币安钱包TGE #Codatta #空投分享
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《Can SOL pass through ETF》
Currently, among various altcoin ETFs, the probability of $SOL passing through the ETF is the highest. The main reason is that Fidelity has submitted an application. The second highest are XRP, Doge, and LTC. The final decision time for most altcoin ETFs is in October this year. So if BTC doesn't crash in the following period, then perhaps it can accumulate some SOL at a low point. However, it is estimated that SOL's increase won't be too exaggerated, and $180 is a threshold. $SOL #etf
Currently, among various altcoin ETFs, the probability of $SOL passing through the ETF is the highest. The main reason is that Fidelity has submitted an application. The second highest are XRP, Doge, and LTC. The final decision time for most altcoin ETFs is in October this year. So if BTC doesn't crash in the following period, then perhaps it can accumulate some SOL at a low point. However, it is estimated that SOL's increase won't be too exaggerated, and $180 is a threshold. $SOL #etf
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