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Bullish
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3. If you can analyze on-chain data, here are some more advanced methods. 1. Market capitalization and total market capitalization should be low. Ideally, the total market capitalization of public chains should be below 50 million, and dapp protocols should be below 5 million. A low circulating market capitalization is easy to understand. If the market capitalization is not low, there isn't enough room for growth; the lower, the better. Why must the total market capitalization be low? This is because tokens will be gradually released over the next 1-2 years. If the total market capitalization is not low, it means that the project team doesn't need to pump the price, and just selling horizontally can already lead to wealth. Alternatively, if the price drops tenfold, it still has a high price and profit. 2. The ceiling of the sector should be high. At least the valuation in a bull market should reach over 1 billion USD. For meme coins, refer to Dogecoin; for public chains, refer to ETH, SOL, MATIC; for dapp protocols, refer to UNI, AAVE, LDO, etc. 3. New narratives; avoid participating in overly niche sectors. It's best to solve real problems. New narratives must be about long-term value discovery rather than short-term speculative trading. For example, the current narrative around AI GPU computing power, safer, faster, and more decentralized public chains, and infrastructure that spans metaverse, blockchain games, AR, and other sectors. 4. A hundred-fold dark horse coins are definitely in places that no one is paying attention to because coins that are well-known across the network generally have a high opening (like ICP) or normal valuations (like ARB). Do you think their unit price can rise a hundred times? At the time of launch, the total market capitalization is in the hundreds of billions or even thousands of billions. Don't even mention a hundred-fold increase; even a ten-fold increase would catch up to ETH or BTC. 5. Early hundred-fold coins generally have poor liquidity, usually only on-chain or small exchanges. Therefore, many newcomers, when they see others recommending early coins, do not research the value and keep saying that they don't want to go to small exchanges, it looks too much like a 'meme' coin, and buying is too troublesome, and there's no app to participate. These are all surface phenomena and do not see the essence of value. When I bought Magic in 2021, cross-chain transactions were quite troublesome; later, it increased tenfold in a month. When I bought PPI in February 2023, it also required cross-chain with two wallets, and many exchanges did not support it, but later Gate supported Espace withdrawals. Later, BRC20 tokens also had very high entry barriers; you needed points and OTC, which was troublesome. In short, high entry barriers are a necessary hurdle for newcomers.
3. If you can analyze on-chain data, here are some more advanced methods.
1. Market capitalization and total market capitalization should be low. Ideally, the total market capitalization of public chains should be below 50 million, and dapp protocols should be below 5 million. A low circulating market capitalization is easy to understand. If the market capitalization is not low, there isn't enough room for growth; the lower, the better. Why must the total market capitalization be low? This is because tokens will be gradually released over the next 1-2 years. If the total market capitalization is not low, it means that the project team doesn't need to pump the price, and just selling horizontally can already lead to wealth. Alternatively, if the price drops tenfold, it still has a high price and profit.
2. The ceiling of the sector should be high. At least the valuation in a bull market should reach over 1 billion USD. For meme coins, refer to Dogecoin; for public chains, refer to ETH, SOL, MATIC; for dapp protocols, refer to UNI, AAVE, LDO, etc.
3. New narratives; avoid participating in overly niche sectors. It's best to solve real problems. New narratives must be about long-term value discovery rather than short-term speculative trading. For example, the current narrative around AI GPU computing power, safer, faster, and more decentralized public chains, and infrastructure that spans metaverse, blockchain games, AR, and other sectors.
4. A hundred-fold dark horse coins are definitely in places that no one is paying attention to because coins that are well-known across the network generally have a high opening (like ICP) or normal valuations (like ARB). Do you think their unit price can rise a hundred times? At the time of launch, the total market capitalization is in the hundreds of billions or even thousands of billions. Don't even mention a hundred-fold increase; even a ten-fold increase would catch up to ETH or BTC.
5. Early hundred-fold coins generally have poor liquidity, usually only on-chain or small exchanges. Therefore, many newcomers, when they see others recommending early coins, do not research the value and keep saying that they don't want to go to small exchanges, it looks too much like a 'meme' coin, and buying is too troublesome, and there's no app to participate. These are all surface phenomena and do not see the essence of value. When I bought Magic in 2021, cross-chain transactions were quite troublesome; later, it increased tenfold in a month. When I bought PPI in February 2023, it also required cross-chain with two wallets, and many exchanges did not support it, but later Gate supported Espace withdrawals. Later, BRC20 tokens also had very high entry barriers; you needed points and OTC, which was troublesome. In short, high entry barriers are a necessary hurdle for newcomers.
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My personal selection criteria are as follows: 1. Non-stablecoins currently ranked in the top 20 by market capitalization. 2. Non-stablecoins that have ranked in the top 10, even if only for a short time. 3. There is a certain consensus among industry practitioners. 4. There is a widespread user base. 5. The project team will hype up hotspots. 6. There are holdings, and there is a certain position size. This coin will always be at the top of my ALT+ watchlist. When the rise of this coin is below that of #BTC and #ETH+, I generally don't judge it as external funds entering the market, nor is it a large-scale rising phase. The probability of a general increase is relatively high, and at this time, more funds will still be concentrated in BTC and ETH. However, if this coin's continuous rise exceeds that of BTC and ETH, I will judge that there may be more external funds entering, or on-site funds are looking for sector rotation. At this point, I will carefully monitor the ALT market and select coins that are completely different in terms of their sectors and types, but meet the basic conditions. If both coins are rising at the same time and their increases exceed that of BTC and ETH, I will consider it to be the beginning of an explosive season. During the explosive season, most non-stablecoins ranked in the top 50 have a strong probability of rising, and one can choose to strategically invest. If you can analyze on-chain data, here are some more advanced methods: 1. The circulating market cap and total market cap should be low. The total market cap of a public chain is best below 50 million, and for dapp protocols, it should be best below 5 million. The circulating market cap being low is easy to understand. If the market cap is not low, the space is not large enough; the lower, the better. Why must the total market cap be low? Because in the following 1-2 years, tokens will be gradually released. If the total market cap is not low, it means the project team does not need to pump the price; they can simply offload their tokens horizontally and still become wealthy. Alternatively, even if it drops tenfold, there is still a high price and profit.
My personal selection criteria are as follows:
1. Non-stablecoins currently ranked in the top 20 by market capitalization.
2. Non-stablecoins that have ranked in the top 10, even if only for a short time.
3. There is a certain consensus among industry practitioners.
4. There is a widespread user base.
5. The project team will hype up hotspots.
6. There are holdings, and there is a certain position size.
This coin will always be at the top of my ALT+ watchlist. When the rise of this coin is below that of #BTC and #ETH+, I generally don't judge it as external funds entering the market, nor is it a large-scale rising phase. The probability of a general increase is relatively high, and at this time, more funds will still be concentrated in BTC and ETH.
However, if this coin's continuous rise exceeds that of BTC and ETH, I will judge that there may be more external funds entering, or on-site funds are looking for sector rotation. At this point, I will carefully monitor the ALT market and select coins that are completely different in terms of their sectors and types, but meet the basic conditions.
If both coins are rising at the same time and their increases exceed that of BTC and ETH, I will consider it to be the beginning of an explosive season. During the explosive season, most non-stablecoins ranked in the top 50 have a strong probability of rising, and one can choose to strategically invest.
If you can analyze on-chain data, here are some more advanced methods:
1. The circulating market cap and total market cap should be low. The total market cap of a public chain is best below 50 million, and for dapp protocols, it should be best below 5 million. The circulating market cap being low is easy to understand. If the market cap is not low, the space is not large enough; the lower, the better. Why must the total market cap be low? Because in the following 1-2 years, tokens will be gradually released. If the total market cap is not low, it means the project team does not need to pump the price; they can simply offload their tokens horizontally and still become wealthy. Alternatively, even if it drops tenfold, there is still a high price and profit.
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Choosing cryptocurrencies with high circulation rates is a good investment strategy. At the very least, unlock coins with more than 80% availability. If a coin has a large amount of unlocked tokens, the selling pressure later on will be significant. Even if the project is good and continues to grow in the future, there will still be extreme cases where the price does not rise. An example is Flow+ (which has been unlocking but the price keeps falling) because the initial price increase has already overdrawn future market value space. A high FDV+ is very unreliable unless it aims to surpass BTC+, which is basically impossible. On the other hand, coins with high circulation rates have generally completed their distribution. Retail investors hold a lot of coins; the tokens are dispersed and have sufficient turnover. Additionally, it is possible that institutions have gradually accumulated during the downturn, gaining enough control. Such coins are necessary for price increases, and since their FDV may be relatively low, their market value space is also decent. The prolonged bear market is very tough for everyone, and each round of bull and bear markets will change the players. If investors cut losses and exit during the bear market, or do not add to their positions, then when the bull market comes, chasing up and participating will likely result in picking up the pieces and significantly reduced returns. However, there is a risk in positioning during a bear market: one does not know where the bottom is. It is very likely to be positioned halfway up the mountain, and a halving may occur again. This is a very contradictory issue, and there is only one solution: do not fantasize about buying at the bottom; invest in batches and average down. 2. Value Coin Anchor Selection Method I generally choose a coin that I am relatively familiar with as an 'anchor' to assess whether the market is experiencing a general rise, following trends, or sector rotation, or if it is indeed experiencing a strong rally. [跟这个单赚麻了](https://www.binance.com/zh-CN/copy-trading/lead-details/4513056421480564993?timeRange=30D)
Choosing cryptocurrencies with high circulation rates is a good investment strategy. At the very least, unlock coins with more than 80% availability. If a coin has a large amount of unlocked tokens, the selling pressure later on will be significant. Even if the project is good and continues to grow in the future, there will still be extreme cases where the price does not rise. An example is Flow+ (which has been unlocking but the price keeps falling) because the initial price increase has already overdrawn future market value space. A high FDV+ is very unreliable unless it aims to surpass BTC+, which is basically impossible. On the other hand, coins with high circulation rates have generally completed their distribution. Retail investors hold a lot of coins; the tokens are dispersed and have sufficient turnover. Additionally, it is possible that institutions have gradually accumulated during the downturn, gaining enough control. Such coins are necessary for price increases, and since their FDV may be relatively low, their market value space is also decent. The prolonged bear market is very tough for everyone, and each round of bull and bear markets will change the players. If investors cut losses and exit during the bear market, or do not add to their positions, then when the bull market comes, chasing up and participating will likely result in picking up the pieces and significantly reduced returns. However, there is a risk in positioning during a bear market: one does not know where the bottom is. It is very likely to be positioned halfway up the mountain, and a halving may occur again. This is a very contradictory issue, and there is only one solution: do not fantasize about buying at the bottom; invest in batches and average down. 2. Value Coin Anchor Selection Method I generally choose a coin that I am relatively familiar with as an 'anchor' to assess whether the market is experiencing a general rise, following trends, or sector rotation, or if it is indeed experiencing a strong rally. 跟这个单赚麻了
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How to determine if a cryptocurrency can thrive in a bull market? Here’s some solid advice: I'll teach you how to analyze the potential of a coin from multiple perspectives including technical analysis, market conditions, narratives, and the actions of major players. Additionally, I’ll share with you my coin selection methods. If you simply follow my suggestions and rush into a few coins, you might unknowingly become someone else's profit source. If someone claims a coin is good, you might not even know how to purchase it on the blockchain. You also won’t understand what makes that coin good, making it difficult to learn how others select coins. Now, let’s talk about some of my insights. 1. When considering which coins to invest in regularly, you might want to look into these projects with relatively high circulation rates. Let me explain why a high circulation rate is so important: Choosing coins with high circulation rates is a good strategy for selecting investments, as it at least unlocks over 80% of the coins. If a coin has an enormous amount of locked chips, the selling pressure later on will be very significant. Even if the project is excellent and continues to grow in the future, there may still be extreme price stagnation.
How to determine if a cryptocurrency can thrive in a bull market? Here’s some solid advice: I'll teach you how to analyze the potential of a coin from multiple perspectives including technical analysis, market conditions, narratives, and the actions of major players. Additionally, I’ll share with you my coin selection methods.
If you simply follow my suggestions and rush into a few coins, you might unknowingly become someone else's profit source. If someone claims a coin is good, you might not even know how to purchase it on the blockchain. You also won’t understand what makes that coin good, making it difficult to learn how others select coins.
Now, let’s talk about some of my insights.
1. When considering which coins to invest in regularly, you might want to look into these projects with relatively high circulation rates.
Let me explain why a high circulation rate is so important:
Choosing coins with high circulation rates is a good strategy for selecting investments, as it at least unlocks over 80% of the coins. If a coin has an enormous amount of locked chips, the selling pressure later on will be very significant. Even if the project is excellent and continues to grow in the future, there may still be extreme price stagnation.
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1. It's better than lying flat; with a stroke of luck, you can still make money. If you don’t touch leverage, sooner or later, you will make money. 2. People without money have the opportunity to become wealthy. 3. It’s easier for wealthy people to get even richer with this. If you don't urgently need money, buy a few hundred 'Dalu' and hold them for five years; you could end up with thousands of 'Dalu' in your hands. The premise is that if you have money, don’t buy recklessly. Those who can be fooled into buying pyramid schemes are already lacking in intelligence and awareness. If you don’t lose all your money on pyramid schemes, you will lose it in other areas as well. Scammers can’t deceive those with online intelligence; if you get scammed, you can only blame yourself for being foolish. 4. If you want to play technical analysis or leverage, 90% of price reactions are still fairly accurate (I personally think at least more accurate than A-shares), and with high volatility, making quick money is easier. However, the other 10% of the prices can fluctuate wildly and can make your principal disappear in an instant. If you're daring enough to touch leverage, it’s like sticking your head in your waistband to cause trouble, just treat it as a thrill (whoever wants to play can play; I’m not playing). If you win, consider it picking up money; many gamblers enjoy this thrill of betting small to win big. If you win, you get the club's young models; if you lose, you have to go work. 5. The era of the Metaverse is about to begin (What? You still don’t know what the Metaverse is? Go watch the movie 'Ready Player One'). What kind of money do you think will be used in the world's best Metaverse? I believe that one of the universally recognized currencies will definitely be Ethereum and Bitcoin. Many people's pricing thoughts are still anchored to fiat currencies, but have you ever thought about what if one day, the anchor in everyone's mind changes?
1. It's better than lying flat; with a stroke of luck, you can still make money. If you don’t touch leverage, sooner or later, you will make money. 2. People without money have the opportunity to become wealthy. 3. It’s easier for wealthy people to get even richer with this. If you don't urgently need money, buy a few hundred 'Dalu' and hold them for five years; you could end up with thousands of 'Dalu' in your hands. The premise is that if you have money, don’t buy recklessly. Those who can be fooled into buying pyramid schemes are already lacking in intelligence and awareness. If you don’t lose all your money on pyramid schemes, you will lose it in other areas as well. Scammers can’t deceive those with online intelligence; if you get scammed, you can only blame yourself for being foolish. 4. If you want to play technical analysis or leverage, 90% of price reactions are still fairly accurate (I personally think at least more accurate than A-shares), and with high volatility, making quick money is easier. However, the other 10% of the prices can fluctuate wildly and can make your principal disappear in an instant. If you're daring enough to touch leverage, it’s like sticking your head in your waistband to cause trouble, just treat it as a thrill (whoever wants to play can play; I’m not playing). If you win, consider it picking up money; many gamblers enjoy this thrill of betting small to win big. If you win, you get the club's young models; if you lose, you have to go work. 5. The era of the Metaverse is about to begin (What? You still don’t know what the Metaverse is? Go watch the movie 'Ready Player One'). What kind of money do you think will be used in the world's best Metaverse? I believe that one of the universally recognized currencies will definitely be Ethereum and Bitcoin. Many people's pricing thoughts are still anchored to fiat currencies, but have you ever thought about what if one day, the anchor in everyone's mind changes?
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If your funds are below 100,000, there is a foolproof method for trading cryptocurrencies that allows you to maintain "eternal profits"! A simple and efficient trading method that is almost guaranteed to be profitable! The assets of fans who have used this have already surpassed 7 figures! My cryptocurrency trading strategy consists of only 4 steps, which are very simple but yield amazing results. Step 1: Choose a cryptocurrency Open the daily chart and only select cryptocurrencies with a MACD golden crossover. Prioritize those that have crossed above the zero line, as this condition has the highest success rate! Step 2: Buy signal Switch to the daily chart and only focus on one moving average — the daily moving average. The rules are simple: Hold on the line: Buy and hold when the price is above the daily moving average, sell off the line: Sell immediately when the price drops below the daily moving average. Step 3: Position management After buying, observe the price and trading volume: 1. If the price breaks above the daily moving average and the trading volume also stabilizes above the daily moving average, buy with full position. 2. Selling strategy: If the price increases by more than 40%: sell 1/3 of the position. If the price increases by more than 80%: sell another 1/3 of the position. If it drops below the daily moving average: clear all remaining positions. Step 4: Strict stop-loss The daily moving average is the core of our operations. If the price suddenly drops below the daily moving average the next day, for any reason, you must sell your full position without any hesitation! Although the probability of dropping below the daily moving average is very low due to this screening method, we still need to maintain a risk awareness. After selling, just wait for the price to stabilize above the daily moving average again, and you can buy back. This method is simple and easy to learn, making it very suitable for investors who want to achieve stable profits. Remember, the key to success lies in strictly executing each step without being swayed by emotions! [跟这个单真不错](https://www.binance.com/zh-CN/copy-trading/lead-details/4470855798325303041?timeRange=7D)
If your funds are below 100,000, there is a foolproof method for trading cryptocurrencies that allows you to maintain "eternal profits"! A simple and efficient trading method that is almost guaranteed to be profitable! The assets of fans who have used this have already surpassed 7 figures!
My cryptocurrency trading strategy consists of only 4 steps, which are very simple but yield amazing results.
Step 1: Choose a cryptocurrency Open the daily chart and only select cryptocurrencies with a MACD golden crossover. Prioritize those that have crossed above the zero line, as this condition has the highest success rate!
Step 2: Buy signal Switch to the daily chart and only focus on one moving average — the daily moving average. The rules are simple:
Hold on the line: Buy and hold when the price is above the daily moving average, sell off the line: Sell immediately when the price drops below the daily moving average.
Step 3: Position management After buying, observe the price and trading volume:
1. If the price breaks above the daily moving average and the trading volume also stabilizes above the daily moving average, buy with full position. 2. Selling strategy: If the price increases by more than 40%: sell 1/3 of the position. If the price increases by more than 80%: sell another 1/3 of the position. If it drops below the daily moving average: clear all remaining positions.
Step 4: Strict stop-loss The daily moving average is the core of our operations. If the price suddenly drops below the daily moving average the next day, for any reason, you must sell your full position without any hesitation!
Although the probability of dropping below the daily moving average is very low due to this screening method, we still need to maintain a risk awareness. After selling, just wait for the price to stabilize above the daily moving average again, and you can buy back.
This method is simple and easy to learn, making it very suitable for investors who want to achieve stable profits. Remember, the key to success lies in strictly executing each step without being swayed by emotions! 跟这个单真不错
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There will always be people who think the risk is high in rolling positions. With a small amount of capital, if you make a mistake and stop-loss or incur a loss at the original price, it's not like you're going all-in with high leverage. [跟这个单赚麻了](https://www.binance.com/zh-CN/copy-trading/lead-details/4470855798325303041?timeRange=7D), what are you afraid of? Just supplement the part where your abilities are weak. For example, if you have fifty thousand in capital, and using a low-multiple rolling position method + trading in this trend, you achieve three times the profit, then that’s 150,000. After this trend ends, you invest it into the next trend, using two types of patience. In the next trend, if you achieve another three times the profit, that’s 450,000. Keep repeating, the next time it could be over a million. The challenge lies in the process of building your trading system; how to capture trends, how to maintain patience in trend trading. When the trend comes, doing short-term high selling and low buying every day is a complete waste of that trend.
There will always be people who think the risk is high in rolling positions. With a small amount of capital, if you make a mistake and stop-loss or incur a loss at the original price, it's not like you're going all-in with high leverage. 跟这个单赚麻了, what are you afraid of? Just supplement the part where your abilities are weak. For example, if you have fifty thousand in capital, and using a low-multiple rolling position method + trading in this trend, you achieve three times the profit, then that’s 150,000. After this trend ends, you invest it into the next trend, using two types of patience. In the next trend, if you achieve another three times the profit, that’s 450,000. Keep repeating, the next time it could be over a million. The challenge lies in the process of building your trading system; how to capture trends, how to maintain patience in trend trading. When the trend comes, doing short-term high selling and low buying every day is a complete waste of that trend.
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The Difference Between Low-Leverage and High-Leverage Contracts[跟这个单赚麻了](https://www.binance.com/zh-CN/copy-trading/lead-details/4470855798325303041?timeRange=7D) First, the mindset is different With a 5x contract, whether the price goes up or down, I just glance at it and consider it a loss With a 20x contract, it's over, it dropped 2 points, should I run? If I run, I lose money; if I don't run, I get liquidated. This dog platform is targeting me. In the end, I can only sigh, ups and downs are all fate, nothing is within my control Second, the judgment is different With a 5x contract, you only need to make a rough judgment. With a 20x contract, making a rough judgment is useless because there are short-term fluctuations that cannot be predicted; it's just a gamble, purely a gamble Third, the operation is different With a 5x contract, you don’t need to operate for days, half a month, or even half a year; you can uninstall the app directly With a 20x contract, you might need to operate dozens of times in a single day; in fact, the money ends up being eaten away by fees With a 5x contract, you can take a long position; with a 20x contract, you don’t dare to take a long position.
The Difference Between Low-Leverage and High-Leverage Contracts跟这个单赚麻了
First, the mindset is different
With a 5x contract, whether the price goes up or down, I just glance at it and consider it a loss
With a 20x contract, it's over, it dropped 2 points, should I run? If I run, I lose money; if I don't run, I get liquidated. This dog platform is targeting me. In the end, I can only sigh, ups and downs are all fate, nothing is within my control
Second, the judgment is different
With a 5x contract, you only need to make a rough judgment. With a 20x contract, making a rough judgment is useless because there are short-term fluctuations that cannot be predicted; it's just a gamble, purely a gamble
Third, the operation is different
With a 5x contract, you don’t need to operate for days, half a month, or even half a year; you can uninstall the app directly
With a 20x contract, you might need to operate dozens of times in a single day; in fact, the money ends up being eaten away by fees
With a 5x contract, you can take a long position; with a 20x contract, you don’t dare to take a long position.
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The so-called rolling warehouse operation is a relatively speculative trading technique that quickly increases asset yield. Rolling can be done with the same cryptocurrency or different cryptocurrencies. Generally, the preferred choice is recent popular coins with higher attention and greater volatility, as these coins often present more opportunities. [跟这个单赚麻了](https://www.binance.com/zh-CN/copy-trading/lead-details/4470855798325303041?timeRange=7D) Rolling, in general, is about adding to your position with unrealized profits, thereby increasing the opening position size. Contract rolling allows you to leverage small amounts into large gains! Typically starting with 100 USD, you can choose 10x leverage or 20x leverage. Even if rolling fails, you won’t have too much psychological pressure. Essentially, I believe you have countless opportunities. Let’s take a look at the difference between rolling and not rolling. Student A (not rolling) A certain coin priced at 10, with a capital of 100 USD, going long at 20x leverage with a 5% increase, the coin price is 10.5, profit is 100 USD. With a 10% increase, the coin price is 11, profit is 200 USD. With a 15% increase, the coin price is 11.5, profit is 300 USD. With a 20% increase, the coin price is 12, profit is 400 USD. With a 25% increase, the coin price is 12.5, profit is 500 USD. With a 30% increase, the coin price is 13, profit is 600 USD.
The so-called rolling warehouse operation is a relatively speculative trading technique that quickly increases asset yield. Rolling can be done with the same cryptocurrency or different cryptocurrencies. Generally, the preferred choice is recent popular coins with higher attention and greater volatility, as these coins often present more opportunities. 跟这个单赚麻了
Rolling, in general, is about adding to your position with unrealized profits, thereby increasing the opening position size.
Contract rolling allows you to leverage small amounts into large gains! Typically starting with 100 USD, you can choose 10x leverage or 20x leverage.
Even if rolling fails, you won’t have too much psychological pressure. Essentially, I believe you have countless opportunities.
Let’s take a look at the difference between rolling and not rolling.
Student A (not rolling)
A certain coin priced at 10, with a capital of 100 USD, going long at 20x leverage with a 5% increase, the coin price is 10.5, profit is 100 USD. With a 10% increase, the coin price is 11, profit is 200 USD.
With a 15% increase, the coin price is 11.5, profit is 300 USD. With a 20% increase, the coin price is 12, profit is 400 USD.
With a 25% increase, the coin price is 12.5, profit is 500 USD. With a 30% increase, the coin price is 13, profit is 600 USD.
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Rolling warehouse operations, everyone should have heard of it~ A simpler explanation of rolling warehouse is: the bold thrive, the timid perish. [跟这个单赚麻了](https://www.binance.com/zh-CN/copy-trading/lead-details/4470855798325303041?timeRange=7D) Rolling warehouse method: In 2018, what I knew was just one wave of market, and 2 people became rich relying on this method~ It's true that just one wave of market can make you rich, but more often, it leads to losses. When it comes to rolling warehouse, many people who trade futures like to casually say it without looking at the market; whether to roll or not depends on their mood... The two better opportunities to roll warehouse in 2018 were in April with EOS+ and the subsequent BCH+ surge. If you fail to roll warehouse once, it’s game over... No matter how much you earned before, just one failure means it's over; the key is that rolling warehouse will continuously put you in a disadvantageous position. The difficulty lies in judging the big market trend. Enough with the small talk, let me explain in detail how to use the rolling warehouse method and how to make judgments. The literal meaning of rolling warehouse is to keep rolling your positions. Let's take an example: when EOS is at $2, we judge that a big market is coming, and we believe EOS will reach 1000 RMB! So I choose to go long on EOS at $2, assuming I use 100 EOS. With 20x leverage. When EOS reaches $2.1, I will have 200 EOS; at this point, I choose to close my position. Then I use 200 EOS to go long at $2.1. When EOS is around $2.205, I will have 400 EOS... Keep rolling like this~ I’m not joking; EOS didn’t reach 1000, it reached 150, how much do you think that is? Scary, right? This is just assuming I started with only 100 EOS. In normal futures, when EOS is at $2.205, your EOS would be around 300. That has already created a gap of 100 EOS, and we have only rolled the warehouse once. The compound returns, how high they are, now you know.
Rolling warehouse operations, everyone should have heard of it~
A simpler explanation of rolling warehouse is: the bold thrive, the timid perish. 跟这个单赚麻了
Rolling warehouse method: In 2018, what I knew was just one wave of market, and 2 people became rich relying on this method~ It's true that just one wave of market can make you rich, but more often, it leads to losses.
When it comes to rolling warehouse, many people who trade futures like to casually say it without looking at the market; whether to roll or not depends on their mood... The two better opportunities to roll warehouse in 2018 were in April with EOS+ and the subsequent BCH+ surge.
If you fail to roll warehouse once, it’s game over... No matter how much you earned before, just one failure means it's over; the key is that rolling warehouse will continuously put you in a disadvantageous position.
The difficulty lies in judging the big market trend. Enough with the small talk, let me explain in detail how to use the rolling warehouse method and how to make judgments.
The literal meaning of rolling warehouse is to keep rolling your positions. Let's take an example: when EOS is at $2, we judge that a big market is coming, and we believe EOS will reach 1000 RMB!
So I choose to go long on EOS at $2, assuming I use 100 EOS. With 20x leverage. When EOS reaches $2.1, I will have 200 EOS; at this point, I choose to close my position. Then I use 200 EOS to go long at $2.1. When EOS is around $2.205, I will have 400 EOS... Keep rolling like this~ I’m not joking; EOS didn’t reach 1000, it reached 150, how much do you think that is? Scary, right? This is just assuming I started with only 100 EOS.
In normal futures, when EOS is at $2.205, your EOS would be around 300. That has already created a gap of 100 EOS, and we have only rolled the warehouse once. The compound returns, how high they are, now you know.
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There is a very foolish method for trading cryptocurrencies, but it can make money in this bull market, easily turning tens of thousands into a million. First, wait for a high and low consolidation. When the market is in a sideways consolidation, it’s best to observe for a while, as after the consolidation, there will be a trend change. It’s better to act once a clear market direction appears. Second, don’t cling to hot positions; frequently change your holdings. From start to finish, it can all end up empty. All popular short-term positions are speculation, and when the hype passes, funds will immediately exit. If you’re slow, you’ll be left alone in the chaos. Third, rising gaps and significant increases have hopes during the upward trend. The K-line rises slowly, showing a high opening bullish line with increased volume, indicating that the market is entering an acceleration phase. At this time, we must remain calm, hold our positions firmly, and what awaits you next will be a big profit. Fourth, don’t cling to large bullish lines; be decisive in exiting at the end of the trading session. Regardless of whether it’s at a high or low point, after a large bullish line appears, there will be a pullback. Even if it’s a limit-up, you should exit because we need to prevent profit retracement. Fifth, buying on a bearish line is wrong, but you should buy on a bullish line; selling on a bullish line is also wrong, but you should sell. Here, 'line' refers to moving averages or important support or resistance levels.
There is a very foolish method for trading cryptocurrencies, but it can make money in this bull market, easily turning tens of thousands into a million. First, wait for a high and low consolidation. When the market is in a sideways consolidation, it’s best to observe for a while, as after the consolidation, there will be a trend change. It’s better to act once a clear market direction appears. Second, don’t cling to hot positions; frequently change your holdings. From start to finish, it can all end up empty. All popular short-term positions are speculation, and when the hype passes, funds will immediately exit. If you’re slow, you’ll be left alone in the chaos. Third, rising gaps and significant increases have hopes during the upward trend. The K-line rises slowly, showing a high opening bullish line with increased volume, indicating that the market is entering an acceleration phase. At this time, we must remain calm, hold our positions firmly, and what awaits you next will be a big profit. Fourth, don’t cling to large bullish lines; be decisive in exiting at the end of the trading session. Regardless of whether it’s at a high or low point, after a large bullish line appears, there will be a pullback. Even if it’s a limit-up, you should exit because we need to prevent profit retracement. Fifth, buying on a bearish line is wrong, but you should buy on a bullish line; selling on a bullish line is also wrong, but you should sell. Here, 'line' refers to moving averages or important support or resistance levels.
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Based on my own experience, divided into four stages over time First stage (2016-2017). Ignorance is fearless, making money to the point of losing sanity. Entered the cryptocurrency world in 2016 (started hearing about it in 2013), caught the bull market in 2017, starting capital of 100,000, peaked over 10 million. Two cryptocurrencies left a deep impression: one is GXChain (gxs), 2 BTC + participated in a private placement, at the time BTC was 6000 each, the opening was 3 million. The other is Antshares (later renamed NEO+), bought 10,000 coins at 1 each, peaked at over 1000, which means a single coin over 10 million. Then I became complacent, feeling invincible, thinking to set a small goal, first earn 100 million, and once I earn that, I would stop. Then... then it became a story of "a person filled with desire, feeling invincible, being taught a lesson by the market, left battered and bruised" [跟这个单赚麻了回撤小赚得多](https://www.binance.com/zh-CN/copy-trading/lead-details/4470855798325303041?timeRange=7D) Second stage (2018-2019). Reflecting on myself, starting anew. In 2018, the market entered a downward cycle, looking at my hands full of altcoins and a hopeless future, my mood hit rock bottom, I would scold myself as an idiot every day. But the market won't open a back door because of your suffering. So this stage was more about self-reflection and understanding the market. After a period of adjustment, I realized two truths. First, no one is better than anyone else; we are all ordinary people. The reason I made money in 2017 wasn’t because I was great, it was simply because the market was too good, I was lucky enough to be on the right side of the trend; to put it simply, I was a pig on the wind, taking off was inevitable. The second was about capital management. Small capital has its own way of playing, and large capital has its own way of playing; you can't use small capital thinking to play with large capital, otherwise, you will suffer greatly. After understanding this, I collected my thoughts and started a new distribution of my chips, clearing most of the altcoins and replacing them with BTC, ETH + and USDT. Third stage (2020-2021). Reasonable allocation, timely profit-taking. After experiencing a complete bull and bear cycle, my mindset became much more peaceful. Additionally, the cryptocurrency market entered an upward cycle again, so my assets started to appreciate continuously. At this time, what I did more was actually profit-taking and continuous reallocation.
Based on my own experience, divided into four stages over time
First stage (2016-2017). Ignorance is fearless, making money to the point of losing sanity. Entered the cryptocurrency world in 2016 (started hearing about it in 2013), caught the bull market in 2017, starting capital of 100,000, peaked over 10 million. Two cryptocurrencies left a deep impression: one is GXChain (gxs), 2 BTC + participated in a private placement, at the time BTC was 6000 each, the opening was 3 million. The other is Antshares (later renamed NEO+), bought 10,000 coins at 1 each, peaked at over 1000, which means a single coin over 10 million. Then I became complacent, feeling invincible, thinking to set a small goal, first earn 100 million, and once I earn that, I would stop. Then... then it became a story of "a person filled with desire, feeling invincible, being taught a lesson by the market, left battered and bruised" 跟这个单赚麻了回撤小赚得多
Second stage (2018-2019). Reflecting on myself, starting anew. In 2018, the market entered a downward cycle, looking at my hands full of altcoins and a hopeless future, my mood hit rock bottom, I would scold myself as an idiot every day. But the market won't open a back door because of your suffering. So this stage was more about self-reflection and understanding the market. After a period of adjustment, I realized two truths. First, no one is better than anyone else; we are all ordinary people. The reason I made money in 2017 wasn’t because I was great, it was simply because the market was too good, I was lucky enough to be on the right side of the trend; to put it simply, I was a pig on the wind, taking off was inevitable. The second was about capital management. Small capital has its own way of playing, and large capital has its own way of playing; you can't use small capital thinking to play with large capital, otherwise, you will suffer greatly. After understanding this, I collected my thoughts and started a new distribution of my chips, clearing most of the altcoins and replacing them with BTC, ETH + and USDT.

Third stage (2020-2021). Reasonable allocation, timely profit-taking. After experiencing a complete bull and bear cycle, my mindset became much more peaceful. Additionally, the cryptocurrency market entered an upward cycle again, so my assets started to appreciate continuously. At this time, what I did more was actually profit-taking and continuous reallocation.
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The short position for this coin has almost died out, the market makers have almost wiped out the shorts. Next, there will be a large amount of unlocked spot supply hitting the market every day, just go short [跟这个单赚麻了](https://www.binance.com/zh-CN/copy-trading/lead-details/4470855798325303041?timeRange=7D)
The short position for this coin has almost died out, the market makers have almost wiped out the shorts. Next, there will be a large amount of unlocked spot supply hitting the market every day, just go short 跟这个单赚麻了
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Trading is gambling, there is no real skill. It's about finding a favorable position in a constantly fluctuating market, cutting losses when wrong, and increasing positions when right, pushing it to the limit, using the opening price as the closing price. Although nine out of ten times you will be forced out of your position, most of the time you will see no gains, but as long as you manage to catch two major extreme market movements over the course of a year, it will be enough for you to not have to trade for three years. [跟这个单赚麻了](https://www.binance.com/zh-CN/copy-trading/lead-details/4470855798325303041?timeRange=7D) All you need to do is patiently wait, placing yourself on the right side before the major market movement starts, and then continuously increase your positions and hold on patiently after it starts. The majority of people do not make money because they keep jumping in and out of the market trying to catch small fluctuations, unwilling to wait patiently, hold on, not daring to win, not greedy enough, and not daring to earn big. The goal of trading is to catch a major extreme market movement; the rest of the time is just about testing the market. When a major market movement hasn't arrived, just make sure your capital doesn't suffer significant losses; as for whether you make money or not, it doesn't matter. All short-term trades, all fluctuations, and all small trends should be disregarded if you want to earn big. Open the candlestick chart, look at the market over the past year on the daily and weekly levels; there have at least been three or four waves of extreme continuous surges and drops. Any single wave of the market, if you are greedy enough, can be enough to elevate you to a new class. If you keep jumping in and out, trying to catch the bottom and the top, all you gain is paying transaction fees to the exchanges and giving money to the market makers. Futures are for betting big money. Trading is gambling; there is no real skill. It's about finding a favorable position in a constantly fluctuating market, cutting losses when wrong, and increasing positions when right, pushing it to the limit, using the opening price as the closing price. Although nine out of ten times you will be forced out of your position, most of the time you will see no gains, but as long as you manage to catch two major extreme market movements over the course of a year, it will be enough for you to not have to trade for three years. All you need to do is patiently wait, placing yourself on the right side before the major market movement starts, and then continuously increase your positions and hold on patiently after it starts. The majority of people do not make money because they keep jumping in and out of the market trying to catch small fluctuations, unwilling to wait patiently.
Trading is gambling, there is no real skill. It's about finding a favorable position in a constantly fluctuating market, cutting losses when wrong, and increasing positions when right, pushing it to the limit, using the opening price as the closing price. Although nine out of ten times you will be forced out of your position, most of the time you will see no gains, but as long as you manage to catch two major extreme market movements over the course of a year, it will be enough for you to not have to trade for three years. 跟这个单赚麻了
All you need to do is patiently wait, placing yourself on the right side before the major market movement starts, and then continuously increase your positions and hold on patiently after it starts. The majority of people do not make money because they keep jumping in and out of the market trying to catch small fluctuations, unwilling to wait patiently, hold on, not daring to win, not greedy enough, and not daring to earn big. The goal of trading is to catch a major extreme market movement; the rest of the time is just about testing the market. When a major market movement hasn't arrived, just make sure your capital doesn't suffer significant losses; as for whether you make money or not, it doesn't matter. All short-term trades, all fluctuations, and all small trends should be disregarded if you want to earn big.
Open the candlestick chart, look at the market over the past year on the daily and weekly levels; there have at least been three or four waves of extreme continuous surges and drops. Any single wave of the market, if you are greedy enough, can be enough to elevate you to a new class. If you keep jumping in and out, trying to catch the bottom and the top, all you gain is paying transaction fees to the exchanges and giving money to the market makers. Futures are for betting big money. Trading is gambling; there is no real skill. It's about finding a favorable position in a constantly fluctuating market, cutting losses when wrong, and increasing positions when right, pushing it to the limit, using the opening price as the closing price. Although nine out of ten times you will be forced out of your position, most of the time you will see no gains, but as long as you manage to catch two major extreme market movements over the course of a year, it will be enough for you to not have to trade for three years.
All you need to do is patiently wait, placing yourself on the right side before the major market movement starts, and then continuously increase your positions and hold on patiently after it starts. The majority of people do not make money because they keep jumping in and out of the market trying to catch small fluctuations, unwilling to wait patiently.
67%
不跟
33%
3 votes • Voting closed
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A few brothers asked me about the process of freedom, and I won’t say much. It’s very dull, but also very exciting. The dull part is holding onto spot assets for a long time. Every time I start from zero, it’s more or less because I’ve read too many articles about getting rich quickly, thinking I could do it too, but the results go against my expectations. The crypto space never lacks opportunities for a turnaround, but I hope everyone can calm down and learn about crypto knowledge, accumulating it day by day, and then it won’t be so difficult to make money. These past few days, I got airdropped hundreds of thousands of dollars, and I sold it as soon as it hit my hands, using the USDT for annualized returns. I don’t know what’s going on; I’ve become lazier and prefer to be alone and quiet. Some influencers on Weibo and Twitter are constantly posting every day. Sometimes I think, why are they so active even after becoming wealthy, while I’ve lost interest in everything? I’m not acting like a free person at all; instead, I seem like a whiny teenager. I guess I’m still too sentimental. However, there wasn’t this feeling before. This situation started after gaining freedom, I have more idle time to think every day. I’m very afraid, very afraid of going back to those days of losing everything in trading, the days when people around me would point fingers at me. After gaining freedom, some friends and relatives also came to borrow money from me. I know my limits; those who are truly good to me, I won’t kick when they are down. When I first gained my freedom, I directly helped them when they asked, saying they made some small money from business. At first, I felt a bit inflated about my freedom; after being used to feeling inferior, I couldn’t wait for everyone to know I made a lot of money. For those relatives I don’t particularly like who come to borrow money from me, I still lend it. If they repay, it’s fine, but if they don’t initiate repayment, I won’t care; I just won’t lend a second time. If there is a second time, I will directly tear off the facade and say they need to repay the first loan first. Of course, I don’t mind helping those who are truly in trouble. Perhaps I don’t mind at all. As for online friends, please don’t borrow from me. I can’t distinguish who is in trouble. It’s all up to fate; I will help those I encounter in real life who are in difficulty. I’ve said it before, I’m not a bad person; I’ve just been through too much and seem a bit selfish, or perhaps too young.
A few brothers asked me about the process of freedom, and I won’t say much. It’s very dull, but also very exciting. The dull part is holding onto spot assets for a long time.
Every time I start from zero, it’s more or less because I’ve read too many articles about getting rich quickly, thinking I could do it too, but the results go against my expectations.
The crypto space never lacks opportunities for a turnaround, but I hope everyone can calm down and learn about crypto knowledge, accumulating it day by day, and then it won’t be so difficult to make money.
These past few days, I got airdropped hundreds of thousands of dollars, and I sold it as soon as it hit my hands, using the USDT for annualized returns. I don’t know what’s going on; I’ve become lazier and prefer to be alone and quiet. Some influencers on Weibo and Twitter are constantly posting every day. Sometimes I think, why are they so active even after becoming wealthy, while I’ve lost interest in everything? I’m not acting like a free person at all; instead, I seem like a whiny teenager.
I guess I’m still too sentimental. However, there wasn’t this feeling before. This situation started after gaining freedom, I have more idle time to think every day. I’m very afraid, very afraid of going back to those days of losing everything in trading, the days when people around me would point fingers at me.
After gaining freedom, some friends and relatives also came to borrow money from me. I know my limits; those who are truly good to me, I won’t kick when they are down. When I first gained my freedom, I directly helped them when they asked, saying they made some small money from business. At first, I felt a bit inflated about my freedom; after being used to feeling inferior, I couldn’t wait for everyone to know I made a lot of money. For those relatives I don’t particularly like who come to borrow money from me, I still lend it. If they repay, it’s fine, but if they don’t initiate repayment, I won’t care; I just won’t lend a second time. If there is a second time, I will directly tear off the facade and say they need to repay the first loan first. Of course, I don’t mind helping those who are truly in trouble. Perhaps I don’t mind at all.
As for online friends, please don’t borrow from me. I can’t distinguish who is in trouble. It’s all up to fate; I will help those I encounter in real life who are in difficulty. I’ve said it before, I’m not a bad person; I’ve just been through too much and seem a bit selfish, or perhaps too young.
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The questions I asked were not answered, so let me respond directly. My assets are close to 90 million, and in the beginning, I spent crazily. Now, I stay at home with my partner every day, and I also teach her how to play in the crypto world, after all, I'm worried she might get bored. Playing with small amounts of money is fine; if I lose, it's not a big deal. Now, I mainly just look at crypto news, do some arbitrage, and since I have more funds, I mainly engage in low-risk activities. How should I put it? Most of my funds are in the secondary market, with 20% in liquidity and the rest in stable assets, occasionally doing some annualized returns and earning some interest, but I don't dare to put in too much. I also have a certain amount of liquid funds on hand and haven't put them in the bank because I feel it's unnecessary. I've bought some funds since I don't know how to play the stock market. Before gaining freedom, I thought that once I was free, I would take half out to the bank and keep half in crypto. After gaining freedom, I really don't know how to allocate my funds anymore. I once lost everything while delivering food, earning a few thousand a month, and now that I have so much money, I feel quite at ease. Occasionally, I still invest in some low-quality coins, a 1B investment usually returns 1.5B. In the past, I wouldn't even consider exiting with 1B when I wasn't free. In the end, I guess I'm quite a homebody; I don't have to worry about food and drink anymore. When I just gained my freedom, I bought two cars totaling 1.5 million, and now I hardly drive them. Before gaining freedom, I was thinking about getting a Rolls Royce or Ferrari, but after gaining freedom, I feel they're not that important anymore. I've also given a considerable amount of money to my family. I should mention that I told them I earned around 7 to 8 million. I bought them a house in a small county town and gave my parents over a million to spend freely, but I also know that no matter how I put it, they will save it up. As for some relatives and friends outside the crypto world, I haven't told them about my involvement in crypto, just like my family. On the other hand, my girlfriend knows I'm in the crypto world, but I told her I earned around 10 million. I don't even know why I said that; after all, even if we get married, I won't fully disclose all my assets. Keeping some assets hidden in my wallet is something no one can check.
The questions I asked were not answered, so let me respond directly. My assets are close to 90 million, and in the beginning, I spent crazily. Now, I stay at home with my partner every day, and I also teach her how to play in the crypto world, after all, I'm worried she might get bored. Playing with small amounts of money is fine; if I lose, it's not a big deal. Now, I mainly just look at crypto news, do some arbitrage, and since I have more funds, I mainly engage in low-risk activities. How should I put it? Most of my funds are in the secondary market, with 20% in liquidity and the rest in stable assets, occasionally doing some annualized returns and earning some interest, but I don't dare to put in too much. I also have a certain amount of liquid funds on hand and haven't put them in the bank because I feel it's unnecessary. I've bought some funds since I don't know how to play the stock market. Before gaining freedom, I thought that once I was free, I would take half out to the bank and keep half in crypto. After gaining freedom, I really don't know how to allocate my funds anymore. I once lost everything while delivering food, earning a few thousand a month, and now that I have so much money, I feel quite at ease. Occasionally, I still invest in some low-quality coins, a 1B investment usually returns 1.5B. In the past, I wouldn't even consider exiting with 1B when I wasn't free. In the end, I guess I'm quite a homebody; I don't have to worry about food and drink anymore. When I just gained my freedom, I bought two cars totaling 1.5 million, and now I hardly drive them. Before gaining freedom, I was thinking about getting a Rolls Royce or Ferrari, but after gaining freedom, I feel they're not that important anymore. I've also given a considerable amount of money to my family. I should mention that I told them I earned around 7 to 8 million. I bought them a house in a small county town and gave my parents over a million to spend freely, but I also know that no matter how I put it, they will save it up. As for some relatives and friends outside the crypto world, I haven't told them about my involvement in crypto, just like my family. On the other hand, my girlfriend knows I'm in the crypto world, but I told her I earned around 10 million. I don't even know why I said that; after all, even if we get married, I won't fully disclose all my assets. Keeping some assets hidden in my wallet is something no one can check.
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In 2018, at an internet company, a post-95s employee in the same department became obsessed with Bitcoin. Back then, others were not very optimistic about it either, but he had his own reasoning: "I just graduated two years ago, and with this 50,000 yuan, buying a house is too far off, not enough to buy a car, and I can't spend it on food and drinks, putting it in the bank will just devalue it. At my age, I'm not in a hurry to save money, because my monthly salary of six to seven thousand is just the start of my life. In a few years, my monthly salary should be over ten thousand, and this 50,000 will not be much by then, so I might as well invest it. The stock market and funds don’t fluctuate much and require time to monitor, and I don’t have time to play games every day to keep an eye on them. So, I decided to buy all Bitcoin. Anyway, I can't understand the stock market's ups and downs; it's all guesswork, so I might as well go big." That year, Bitcoin was around four thousand dollars; this guy bought less than 2, then went to work as usual. By 2020, it had doubled. If he sold his Bitcoin, it would be around 100,000 RMB, but he didn’t sell. This year, he heard it has increased tenfold; the 50,000 RMB from 2018 has turned into 700,000, yet he still hasn’t sold, saying it’s still not enough for a house. When asked what if it drops, he says it doesn’t matter; anyway, he hasn’t bought more since then, as long as it’s more than the 50,000 RMB from back then. He goes to work every day, smoking and wearing clothes similar to before, and still eats 15 yuan takeout for lunch. If he had to say, it’s that he feels working has become meaningless; working hard for a month only earns him 10,000, while the ups and downs over there change by tens of thousands. In between, he found a girlfriend but didn’t tell her he has more than one Bitcoin, probably afraid that one day it will lose its value. Perhaps earning six to seventy thousand in over two years doesn't count as real wealth. But it should also reflect the mindset of many young people, who understand this is windfall money, and it won’t change their life direction significantly.
In 2018, at an internet company, a post-95s employee in the same department became obsessed with Bitcoin.
Back then, others were not very optimistic about it either, but he had his own reasoning:
"I just graduated two years ago, and with this 50,000 yuan, buying a house is too far off, not enough to buy a car, and I can't spend it on food and drinks, putting it in the bank will just devalue it. At my age, I'm not in a hurry to save money, because my monthly salary of six to seven thousand is just the start of my life.
In a few years, my monthly salary should be over ten thousand, and this 50,000 will not be much by then, so I might as well invest it.
The stock market and funds don’t fluctuate much and require time to monitor, and I don’t have time to play games every day to keep an eye on them.
So, I decided to buy all Bitcoin. Anyway, I can't understand the stock market's ups and downs; it's all guesswork, so I might as well go big."
That year, Bitcoin was around four thousand dollars; this guy bought less than 2, then went to work as usual.
By 2020, it had doubled. If he sold his Bitcoin, it would be around 100,000 RMB, but he didn’t sell.
This year, he heard it has increased tenfold; the 50,000 RMB from 2018 has turned into 700,000, yet he still hasn’t sold, saying it’s still not enough for a house. When asked what if it drops, he says it doesn’t matter; anyway, he hasn’t bought more since then, as long as it’s more than the 50,000 RMB from back then. He goes to work every day, smoking and wearing clothes similar to before, and still eats 15 yuan takeout for lunch.
If he had to say, it’s that he feels working has become meaningless; working hard for a month only earns him 10,000, while the ups and downs over there change by tens of thousands. In between, he found a girlfriend but didn’t tell her he has more than one Bitcoin, probably afraid that one day it will lose its value. Perhaps earning six to seventy thousand in over two years doesn't count as real wealth.
But it should also reflect the mindset of many young people, who understand this is windfall money, and it won’t change their life direction significantly.
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Around 2012. My friend who started a business with me was mining every day. I thought he was playing games. Not sure. He played around for a few days. Later, it was left unresolved. Then in 2017, a friend bought a mining machine. I remember it was over 30,000 each. He placed it at home. It was running every day. After about half a year, he sold it at a low price. Later, whenever I mentioned mining machines or coins, he would get angry. Then a few months after he bought the mining machine, I bought some coins with cash. In the first half of 2018, ICOs and all kinds of coins were booming. As long as there was a concept, it was popular. If there was no concept, they would create one. As long as you dared to think, I thought at that time it was the Year of the Dog, so I bought some Dogecoin. On the day I bought it, I even posted on social media. In no time, a friend asked me what a coin was. Usually had a good reputation. An acquaintance in the circle tried it out and bought 10,000 yuan worth. He didn't know how to operate anything. He bothered me for half a day. He bought 1,000 of each coin. He also bought Dogecoin... Later, there was a major drop. Once it dropped, he changed his holdings. Eventually, the excitement was gone. In 2019, a classmate called me to Chengdu to find electricity and open a mining farm. My classmate probably didn't understand it either, or for other reasons. I found connections, but the electricity price they quoted was too different from what my classmate gave me. During those few days of networking, around April 2019, BTC was 26,000 yuan. I thought it would drop further. Later, I couldn't find electricity, so I left Chengdu. Chengdu was really fun... At the end of 2020, I needed money. I thought there was still some cash in coins. So I opened my account and looked. It seemed to have bounced back a bit. I had to sell some, including Dogecoin. By early 2021, my goodness. Dogecoin had risen by a thousand times. I almost missed getting rich. I posted on social media to commemorate it. That guy who bought 10,000 coins saw my post and remembered he also had Dogecoin. Initially, the 1,000 yuan Dogecoin was now worth 300,000. He immediately sold it and added some money to buy a BMW. I asked him why he was in such a hurry to sell. He said it was a profit anyway; he wasn't greedy. He sold it for about a week. His Dogecoin had risen another two times. If he hadn't sold, he could have bought a BMW 740 outright. I told him about this and made him regret it. But he didn't care at all. Then on May 19th, there was a major drop... This is the first time I saw someone who could really make money, maybe it's just this kind of person.
Around 2012. My friend who started a business with me was mining every day. I thought he was playing games. Not sure.
He played around for a few days. Later, it was left unresolved.
Then in 2017, a friend bought a mining machine. I remember it was over 30,000 each. He placed it at home. It was running every day. After about half a year, he sold it at a low price. Later, whenever I mentioned mining machines or coins, he would get angry. Then a few months after he bought the mining machine, I bought some coins with cash.
In the first half of 2018, ICOs and all kinds of coins were booming. As long as there was a concept, it was popular. If there was no concept, they would create one. As long as you dared to think, I thought at that time it was the Year of the Dog, so I bought some Dogecoin. On the day I bought it, I even posted on social media. In no time, a friend asked me what a coin was. Usually had a good reputation. An acquaintance in the circle tried it out and bought 10,000 yuan worth. He didn't know how to operate anything. He bothered me for half a day. He bought 1,000 of each coin. He also bought Dogecoin... Later, there was a major drop. Once it dropped, he changed his holdings. Eventually, the excitement was gone. In 2019, a classmate called me to Chengdu to find electricity and open a mining farm. My classmate probably didn't understand it either, or for other reasons. I found connections, but the electricity price they quoted was too different from what my classmate gave me. During those few days of networking, around April 2019, BTC was 26,000 yuan. I thought it would drop further. Later, I couldn't find electricity, so I left Chengdu. Chengdu was really fun...
At the end of 2020, I needed money. I thought there was still some cash in coins. So I opened my account and looked. It seemed to have bounced back a bit. I had to sell some, including Dogecoin. By early 2021, my goodness. Dogecoin had risen by a thousand times. I almost missed getting rich. I posted on social media to commemorate it. That guy who bought 10,000 coins saw my post and remembered he also had Dogecoin. Initially, the 1,000 yuan Dogecoin was now worth 300,000. He immediately sold it and added some money to buy a BMW. I asked him why he was in such a hurry to sell. He said it was a profit anyway; he wasn't greedy. He sold it for about a week. His Dogecoin had risen another two times. If he hadn't sold, he could have bought a BMW 740 outright. I told him about this and made him regret it. But he didn't care at all. Then on May 19th, there was a major drop... This is the first time I saw someone who could really make money, maybe it's just this kind of person.
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