Jason_T

#ZKJ
This matter must be mentioned tonight. A few days ago, Binance just announced that adding LP can earn Alpha points, and ZKJ and KOGE immediately crashed today. The consequences of this betrayal against Binance are uncertain, but the losses for users who added liquidity for these two tokens are evident. If there are unfortunate users who were accumulating Alpha points during this period, that would be another harmed group. The impact of this situation is severe; it affects whether Alpha can continue to develop, it impacts the credibility of both Alpha and Binance, it influences the expectations of project parties towards Alpha, and it affects the confidence of Alpha users in future earnings. I speculate that there may be projects preparing to launch on Alpha that will choose to withdraw, and some Alpha users may choose to exit as well.
Follow up on the subsequent developments…

#zkj#koge

Gave Alpha a heavy blow

Is there a problem with '.' and ','?

A daily drop of around 2.5% is a losing deal.

Some thoughts about alpha

First of all, Binance's alpha is a service worthy of recognition and approval, which allows users who do not hold BNB to receive airdrops, and users with less than 1,000U can also get airdrops through alpha. As long as the execution is sufficient, 500U is a guaranteed monthly income, so Binance must be praised here. It has activated the interaction of the BSC chain, increased the number of users of Binance wallets, and provided a relatively low-risk platform for users who want to rush to the local dog but are afraid of being cut. Of course, the chance of encountering a hundred times or a thousand times the golden dog is also much smaller. It is a win-win situation for Binance and users. In addition, the project party and the decentralized exchange can get what they need, which is a win-win result.
However, with the spread of information, judging from the characteristics of Chinese people, sooner or later it will be a result of rolling to a new height. Even if the final monthly income is only 100U, there are still a large number of people willing to continue rolling. After all, you can get income almost without risk by spending 10 minutes to half an hour every day. Calculated based on the investment of 1,200U (not participating in TGE), the annual return rate is 100%, so what else do you want? But if this continues, it is hard to say whether it is good or bad for the development of the industry. Looking at the airdrops in recent rounds, it is almost the peak as soon as it is listed. The project party ships the goods, and the airdrop users ship the goods. Almost no one pays attention to the development of the project itself. It feels like a competition to see who runs faster. Although I believe that there must be projects in alpha that want to do things steadily, gaining recognition from users and the market is not something that users who are just brushing points need to pay attention to. Why is it that as long as a project is dominated by Chinese people, it will always be identified as a project to cut leeks? I think Chinese people understand Chinese people better, or it may be that they judge others by themselves.

$OM
It has been a long time since the last update, and seeing the suspected catastrophic decline of OM makes me reflect. I can't help but want to say something. The myths of the crypto world are endless, some personal, some related to Tokens, and some to projects. Regardless of which, they all evoke boundless imagination—will I be the next? But reality is harsh; when one succeeds, many bones are left to rot, and the ground is littered with corpses that go unnoticed. Everyone's attention is focused on the person standing on the bones. In fact, choosing a cryptocurrency is akin to selecting stocks; both involve speculation and investment, just with different proportions. The crypto world has taken the pursuit of quick gains to an extreme.
There should be quite a few projects that make money in the crypto space, Binance is definitely one. It gives back to HODLers and users in various ways. I think it’s a pretty good investment target. Participating in all the activities, the annualized return is definitely over 24%, which is quite considerable in the investment market. But this is the crypto world; a 24% fluctuation for altcoins might happen in a day or even a few hours. Many people won't be satisfied, thus leading to many reckless operations (like I used to do), resulting in an emotional rollercoaster. My account went from 10,000 USDT to nearly 60,000 USDT in a month, and then one day in less than 5 minutes, it was down to just 12,000 USDT. This is my own experience. I could only comfort myself, having made a profit of 2,000, but many would feel they lost 48,000. In such a mindset, I believe many people will struggle to live and work comfortably for a while.
Watching more and more projects TGE, pump, dump, decay, and run away, countless 'meme coins' ravaging Ethereum, Solana, and BSC, harvesting profits. What has blockchain technology devolved into? I really can't imagine how many people will still be standing when people's confidence completely collapses and sweeps through the entire cryptocurrency market.

#BTC
I have stopped updating for two months. It is not that I do not want to continue updating, nor that I cannot persist. I just feel that there is nothing worth updating. In terms of the amount of funds, I may not even be considered as a leek, and everyone is not satisfied with it. There is no real decisive news recently, and the halving of Bitcoin is also calm. The entire cryptocurrency circle now feels dead. The copycat is like a roller coaster, falling, rising, and then falling again, back and forth, without creating any profit. I stayed up late to study the operation and found that it was better to take a vacation and travel for a month. The result is exactly the same, or even better. (I don’t like swings, and I can’t do the magic operations of buying at the lowest point and selling at the highest point like the masters.)

Back to the topic, it is still the point mentioned above. If there is no large amount of external funds coming in, the currency circle is a pond where big fish eat small fish, and it cannot become a flowing river. Applications with a healthy ecosystem do not necessarily have to use blockchain technology. Choosing to issue coins in the currency circle instead of going through normal financing channels must have his plans and considerations. Therefore, there are good projects in the currency circle, and there are quite a few, but there are more and more projects that make money. I hope everyone can find the right currency that continues to grow, realize wealth freedom as soon as possible, and achieve a leap in social class.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000
…………20240222 Capital reduction 1000

The first goal is 50000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 35-20240222

1. Continue short position today

2. I am a little worried about the overall market performance in the near future. Currently, the contract position is short, and the spot position continues to be SEI. Except for PHB, everything else has been disposed of. I will wait and see for a few days before deciding on the subsequent direction and operation.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000
…………20240222 Capital reduction 1000

The first goal is 50000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 34-20240221

1. Go long ZETA, stop loss and exit.

2. Going long in ETH is purely a long order with a warning function, and does not mean that you are long in ETH.

3. Today, I will close all the contracts in my hand. I have also cleared my python positions in financial management, and I am also preparing to reduce my position in part of SEI. The large and small pins in the past two days feel that institutions are testing the market's reaction. A larger correction may begin. Yes, we don’t go short in the bull market, so we still mainly hold the currency and wait and see.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000

The first goal is 50000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 33-20240220

1. Stop the loss at the TIA stop loss level, and the drop in the entry level exceeds 10%. I originally thought that the drop in this leading type of currency would be relatively small, but in the end, I still learned a lesson. Everything is possible with the contract.
2. Go long ZETA and hold it for the medium and long term.

3. I have been busy with the company's affairs recently, so updates may be interrupted, but every time I record, I must briefly describe my current thoughts and operations.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000

The first goal is 50000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 31-20240218

1. Go long on TIA and hold it for the long term
2. Go long ZETA and hold it for the medium and long term.

3. Some currency friends have asked about financial management before. Today I also posted the financial management page. I currently hold 3 currencies: SEI, PYTH, and PHB. I will continue to increase my holdings in the future. ALT and LINK will be the next steps. For spot stocks, ALT has already opened a position on another platform.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000

The first goal is 50000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 30-20240217

1. ALT takes profit, switches to spot (not BA), and replenishes funds for the next two contracts.

2. Go long on TIA and hold it for the long term. Some currency friends reminded me that I need to pay attention to the situation of TIA. I am worried that my position will be liquidated. I am the one who listens to the advice, and buying at the price of 19 is indeed not cost-effective, but I am lazy. If I want to hold it for a long time, I just buy it first and then add the margin. However, I can accept a drop of less than 10%. If it exceeds it, I have to consider whether to stop the loss or increase the margin.

3. Go long ZETA and hold it for the medium and long term.

4. There are a lot of things during the day, and you will spend very little time in the currency circle during this period, so I will simply record it.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000

The first goal is 50000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 29-20240216

1. Go long in ALT and hold it for the long term.

2. Go long on TIA and hold it for the long term.

3. Go long ZETA and hold it for the medium and long term.

4. Today some currency friends reminded me that the current contract funds are insufficient, and the position will be liquidated if a pin is inserted. First of all, I sincerely thank you currency friends. In fact, there are only so many funds that can be used now. There is really no way, but you can reduce your positions. Reaching a relatively safe position, to be honest, the current position is indeed quite risky. If there is an opportunity, I will gradually reduce the position and try to control the risk. Thank you again to this currency friend!

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000

The first goal is 50000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 28-20240215

1. SUI stopped the loss and exited the market. Today I chatted with a friend in the blockchain industry for a while, learned about the move language, and learned about SUI and its ecological status.
First let’s talk about the advantages. SUI is a public chain developed from the bottom up. The move language has good advantages in terms of efficiency and scalability, and it is a wealthy public chain. TVL currently ranks among the top ten for this reason. The future he envisioned solves many of the current pain points of the blockchain. If subsequent development goes well, this is a project with hundreds of times the potential.
Next, I want to talk about his current disadvantages and uncertainties, which are also the reasons why I chose to stop loss today. First, the threshold of move language is not low, and it requires a certain learning cost to transfer to the SUI chain. Second, there is currently no star project on the chain that has left the industry. Third, there is no clear market positioning yet. Although SUI's official website states that it is mainly focusing on the smooth transition from web2.0 to web3, but it has not yet made corresponding achievements. There are still no relevant projects on the dex under the low gas advantage that is most beneficial to chain games. Fourthly, it will be thrown away later. The pressure is huge. Based on the total amount of 10 billion, the current circulation is about 10%. Before 2025, the current circulation will be unlocked several times. When it reaches 5U, it has surpassed the current BNB market value, not to mention that whatever is popular now is I don’t know if the project’s SOL will have a destruction mechanism in the future, at least I haven’t heard of it yet.
From all aspects, I feel that its current price/performance ratio is already very low, so I will give it up for the time being and wait and see its subsequent development before deciding whether to enter the market.

2. Go long on TIA and hold it for the long term.

3. Go long ZETA and hold it for the medium and long term.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000

The first goal is 10000U
………20240122 capital increase, the target needs to be adjusted accordingly to 33000U
......... Capital reduction in 20240124, the target is adjusted back to 10000U accordingly
………Increase capital in 20240201, and adjust the target to 20000U
……… Capital increase in 20240207, target adjusted to 48000U
………20240213 capital reduction. Since funds need to be transferred between different exchanges, only capital increases and decreases will be recorded in the future. Binance’s fund target is directly set at 50,000U and will no longer change with capital increases or decreases.

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 27-20240214 (Why is there one day missing...)

1. SUI is long. I have been optimistic about it for a long time. I have never had enough funds to buy spot. I don’t know how many opportunities have been missed from the previous 0.7 to the current 1.9. Alas, let’s start the contract first and see how long it lasts.

2. Go long in TIA, hold it for the long term, and don’t care about the temporary rise or fall.

3. Funds are always the greatest strength, vision is very important, but strength is the most important. If you are optimistic about a 100x coin and buy it, but it is only 100U, then your assets are only 10,000U. Others bought a 100x coin, but invested in 1MU. Therefore, it is more urgent and important to improve your own strength than to improve your vision.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800
………20240213 Capital reduction 2000

The first goal is 10000U
………20240122 capital increase, the target needs to be adjusted accordingly to 33000U
......... Capital reduction in 20240124, the target is adjusted back to 10000U accordingly
………Increase capital in 20240201, and adjust the target to 20000U
……… Capital increase in 20240207, target adjusted to 48000U
………20240213 capital reduction. Since funds need to be transferred between different exchanges, only capital increases and decreases will be recorded in the future. Binance’s fund target is directly set at 50,000U and will no longer change with capital increases or decreases.

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 26-20240213 (Why is there one day missing...)

1. Close all positions today

2. TIA is long and is the only one currently holding a position

I feel that the whole market is a bit abnormal. Some people say that the big bulls have started, and some say that the BTC halving is good for the market. However, almost all the currencies that we are currently paying attention to have reached high levels. Such a comprehensive rise in the market is indeed the performance of the big bulls. However, The total capital pool in the market should not be large enough to support the bull market. I personally think it is more reasonable to use the market trend after the Federal Reserve’s first interest rate cut to judge whether the bull market is coming, so I am temporarily holding the currency and waiting.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800

The first goal is 10000U
………20240122 capital increase, the target needs to be adjusted accordingly to 33000U
......... Capital reduction in 20240124, the target is adjusted back to 10000U accordingly
………Increase capital in 20240201, and adjust the target to 20000U
……… Capital increase in 20240207, target adjusted to 48000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 25-20240211

1. FET took profit and failed to reach the high point. Seeing that it rushed to the recent high and then came down, I thought that I was unable to continue. It seems that I am not patient and confident enough.

2. SUI went long. After a slight correction, it immediately went back up. It seems that we have to find an opportunity to get on the train.

3. Go long LINK, the leader in the oracle sector, and add more positions if you have the opportunity.

4. AAVE is long. There is no reason for this. It just depends on short-term profits. If it reaches a new high, it will stop profit immediately. It is not suitable for long-term holding.

5. Going long on BTC does not mean that we are completely optimistic that it can continue to break through recent highs, but it is just a reminder.

Let’s continue chatting for a few words. The currency circle itself is a speculative market. Those who have money play spot, those who don’t have much money and want to get rich play contracts, and those who save money to enter the market play airdrops. Everyone has a suitable way of playing, but only In addition to the nature of speculation, independent contracts also include gambling elements. Some great masters can use 1 or 200U to increase dozens or even hundreds of times in a very short time. I envy, but I am not jealous or worshipful. I envy their luck. I dare say that in this market, except for insiders and relevant stakeholders, everyone else sees, hears and understands the same thing. Some people say that they work hard and spend a lot of time and energy to learn and find information, so they can It is undeniable that you have made money and your efforts have been rewarded, but isn’t this the nature of part-time work? The return you get from spending the same time and energy in other industries may not be lower than that in the currency circle. The most important point is that the currency circle may not be able to earn back the cost of your own time, so I think it is normal for your efforts to be rewarded, but in the short term The fact that the principal can be doubled dozens of times in a short period of time is due to luck, and the bet is won.

Recording started on 2024-01-19

Start by 1000U
………20240122 Capital increase 2300+
………20240124 Capital reduction 2300+
………20240201 Capital increase 1000
………20240207 Capital increase 2800

The first goal is 10000U
………20240122 capital increase, the target needs to be adjusted accordingly to 33000U
......... Capital reduction in 20240124, the target is adjusted back to 10000U accordingly
………20240201 Capital increase, target adjusted to 20000U
………… Capital increase in 20240207, target adjusted to 48000U

Just to record daily operations,
On the one hand, recording
On the one hand, to understand yourself better.

Day 25-20240211

1. Go long FET

2. Go long SUI

3. Go long LINK

4. AAVE goes long

5. There is no operation today, so I will talk about my personal views on the bull market.
I personally know little about many indices and indicator curves, and which currency I choose is not entirely determined by data. I personally feel that no economic activity can be separated from people in the end, so I focus more on human nature. Based on the perspective, you finally decide which currency to invest. Many people in the currency circle are now saying that the next two to three years will be a bull market. BTC halving, Cancun upgrade, ETF approval, Fed interest rate cuts, etc. are all good news. But if the capital pool is so big, no matter what good news it is, it will be internal. Digestion, then there is no bull market, so in the end, a large influx of external funds can create a bull market. If you can hear uncles and aunties talking about BTC when you go to the market to buy food, then it is really a national virtual currency, but This is definitely not something that happened in the past few years, so currently virtual currency is still a new thing, and only a few people understand and participate in it. Of course, this is also the reason why many myths of getting rich overnight are produced, which can only help expand the capital pool. Only good things can really stimulate the currency circle to rush into the bull market. The purpose of new funds coming in is to make money. There are retail investors, institutions, and teams. Since everyone has the same purpose, it is definitely not possible for everyone to have their dreams come true...
We’ll have time to continue chatting tomorrow.