币圈James

I often see posts about applying for Hong Kong cards for withdrawals, treating C2C withdrawals as a monster, as if you could easily get your card frozen. I want to ask, have you ever withdrawn through Binance C2C? How many times have you withdrawn each year? How large were the amounts? How many times were your withdrawals frozen? Just copying and pasting some text to mislead is not a responsible attitude.
As an ordinary small investor, if your annual withdrawal amount does not reach 10 million RMB, there is really no need to use a Hong Kong card or other foreign cards. You can just use Binance C2C; this way is not troublesome and incurs no losses.

I'm very happy, the mining event is back, and this time it's the M mine with the most meat. Actually, when I discovered that BNB could be mined, I started hoarding BNB. I remember it was the end of 2020, and the price of the coin was around 30 USD. I exchanged over 0.7 BTC for 500 BNB, which I would say is my most successful investment. Later, I simply exchanged my other coins, including a small amount of BTC, for BNB. I believe Binance is a great company, whether it’s in terms of profitability, organizational structure, innovation capability, or marketing strategies, Binance is the best exchange among centralized exchanges. I entered the crypto space in 2016 and have used no less than 50 exchanges and wallets both domestically and internationally, so I have quite a say in this matter. (btcc, Jubi, OK, Huobi, exx, Yunbi, coinbest, Matcha, GoodCoin, Bitpie, GlobalChain, P Network, Bitcoin Trading Network, Zhongbi... Anyone who knows these names is definitely an old-timer in the crypto space.) Last year, when CZ was doxxed by Americans for mining, Binance was investigated in the U.S., but no evidence of misappropriating user assets was found. Just this point alone should give users absolute peace of mind. After that, I exchanged my last few BTC for BNB. Everyone should know that in the U.S., many people buy quality stocks and hold them long-term, enjoying the rise in stock prices while also enjoying high dividends. I won’t even mention the example of Buffett buying Coca-Cola stock. The reasoning is simple; very few can actually do it. However, if you can truly do it, then your profits will definitely come faster, more, and more steadily than chasing ups and downs in the crypto space. Holding BNB long-term, the annualized return from mining will not be less than 20% of the principal (calculated at a cost of $600 for BNB). Please do not underestimate this 20%. Because now, for any kind of investment, achieving a stable annualized 20% is almost impossible. If your principal is small and you feel that such stable income does not meet your expectations, you can exchange all the income from each mining session into BNB and reinvest it in the next mining session. This is compound interest. Please do not underestimate the power of 20% compound interest over a year. Let me give you an example. In the following two scenarios, which one do you think can become the richest person in China: 1. You have 100,000 in principal, earn 100,000 every day from the day you are born, and live to 80 years old. 2. The same 100,000 principal, earn 20% compound interest every year from the year you were born, and live to 80 years old. In the first scenario, your wealth won't exceed 3 billion, while in the second scenario, your wealth exceeds 200 billion.

As a veteran in the crypto space, I need to withdraw 200,000 to 500,000 each year to make a living, so I’m sharing some experiences on withdrawals in the crypto space; let’s get straight to the point:
1. Only choose platforms that offer T+1, such as Binance, because once dirty money is converted to USDT, it will be transferred immediately to avoid prolonged risks. T+1 platforms can deter most dirty money.
2. Choose merchants with a long registration time and high transaction volume, as they have more experience and know how to avoid being monitored by the authorities.
3. Withdrawal time should be during business hours on weekdays. In 2021, I had a withdrawal of 100,000 that was done during trading on a platform at night, and it got frozen the next day, and it still hasn’t been resolved. If it’s dirty money, there’s nothing to be done; just accept the loss.

As major countries such as the United States and Russia begin to embrace Bitcoin, many people think that China will follow suit. However, as an old man who has established a belief in Bitcoin in 2016 and has experienced major domestic events such as September 4 and May 19, I can tell you responsibly that China is unlikely to embrace Bitcoin, at least for a long time. The reasons are as follows:
First, China’s policies are continuous and will not change overnight in a short period of time (a few years or even decades).
Second, China is a country with foreign exchange and financial controls, and all aspects related to finance must be firmly controlled in its own hands, just like the Party commands the PLA.