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Zhao Changpeng (CZ) was once also a victim of market manipulation

CZ is the founder of Binance, the largest cryptocurrency exchange in the world. But did you ever think that when he first got into Bitcoin, he was also a victim of market manipulation!

One day in 2013, Zhao Changpeng, who enjoyed and excelled at socializing, was playing poker with a group of friends.

During the game, a Sequoia Capital investor casually mentioned Bitcoin. At that time in 2013, it was indeed one of the few significant bull markets in Bitcoin's history. It was natural for this Sequoia Capital investor, as a profit-maker in the financial market, to talk about Bitcoin at the poker table.

Little did he know, "the speaker has no intention, but the listener is interested." What that Sequoia Capital investor mentioned casually sparked a strong interest in Zhao Changpeng.

Afterward, Zhao Changpeng began his own research on Bitcoin.

After reading the Bitcoin white paper over and over again, in 2014, Zhao Changpeng made a crazy move that many people at that time could not understand: he sold his house in Shanghai and went all in on Bitcoin at around $600 each! He became a "madman" with 99% of his capital in Bitcoin!

After making this crazy move, just like any other investor at that time, he certainly hoped for timely and substantial returns on his investment.

However, the merciless market did not reward him for becoming a heavyweight figure in this market later on.

On the contrary, in the following period, the bull market of 2013 came to an end, and the bear market arrived as expected! Bitcoin prices fell continuously, and at their lowest point, compared to the peak price of that bull market, the Bitcoin investment made by Zhao Changpeng caused his principal to evaporate rapidly by 70%.

However, what made him both laugh and cry was that in 2014, after he sold his house for Bitcoin, housing prices in Shanghai skyrocketed. Compared to 2013, housing prices in Shanghai actually doubled!

5 USD turned into 2000 USD, just because I seized the experience gifted by the platform
In October last year, Gate held an event and gave me a 5 USD contract experience bonus.
To be honest, I had never done a contract before I received the 5 USD experience bonus. Because I think that there is no difference between a contract and gambling. With this idea in mind, I don’t know how much experience bonus given by the platform was wasted in the last bull market.
However, this time I suddenly wanted to give it a try for two reasons. One is that if I use the experience bonus to play, I don’t have to bear the loss myself, just treat it as playing a game; the other is that the market at that time made me feel that the probability of a big rise was higher.
After deciding to give it a try, I began to look for the target. After a hard search, on October 21 of that year, I finally completed my first contract order in the currency market career-I opened the 20x leverage of the 5 USD and put it on $ladys.
After I opened the order, the market did not quickly go the way I wanted. However, on the second day of opening the order, everything became better. The five-dollar trial fee doubled first, and then a larger increase appeared, and the multiples followed.
At that time, I wanted to expand the results, so I closed part of the position on the 23rd and looked for coins that had not risen much at that time. After a search, I used the profit from the closed position to go all-in on $pepe with the same 20x leverage.
On October 24, $pepe, which I bought the day before, rose sharply, and the yield of this order reached more than 6 times. I followed the same method, closed 75% of the position, and looked for new targets again. Using this method, I successively made 20x contracts for currencies such as $sushi, $pepe2, $bonk, $polyx, and $lome in those days in October, and the results made me very satisfied. There are really many currencies with profit margins of more than 10 times.
In this way, from the end of October to the middle of November, I successfully turned my $5 trial bonus into more than $2,000.
Later, the market started to deteriorate, and in order to lock in profits, I cleared a lot of orders. To this day, the only one of the above orders I have left is $bonk.
Looking back now, it was a correct choice for me to keep the $bonk order. When the initial coin $bonk rose to 0.00004759 in March this year, the value of this order alone reached about 9,000 RMB.

(Please read the full article)

$FLOKI airdrop, risk warning!
I first saw the coin $floki in the comment section of Binance's official Twitter account.

At that time, not many people in China knew about this coin, and it was mainly played by some foreigners. In order to attract more people to pay attention to this coin, those foreigners kept leaving messages under the Binance account with large traffic in the coin circle.

Objectively speaking, this coin was also a coin that took advantage of Musk's popularity at the beginning. It appeared slightly later than the meme coin $shib, which had the strongest get-rich-quick effect in the last bull market. The coin issuer was inspired by Musk's words: My shiba inu will be floki.

Although this coin is a coin that takes advantage of Musk's popularity, it is different from many similar coins that take advantage of traffic. It is not a simple meme coin. It has its own ecosystem - the metaverse game. Therefore, among the sectors of many exchanges, it is classified as the metaverse sector.

In addition, it has the following features: its flokiun is a tax-free dual-chain conversion between ETH and BSC; it has a unique deflation mechanism, using part of the funds in the transaction fee to recycle and destroy; it has launched its own sister coin as a reward for user staking; it has a payment function for cryptocurrency, which can be used to purchase a variety of branded goods and services.

Another point is that many foreigners who are loyal to this project often boast: flokiun is a cooperative project of Musk's brother Kimber Musk. This has nothing to do with blockchain technology, but in the currency circle, the benefits it brings to the project are often magnified.

In fact, it is precisely thanks to the above characteristics that this coin has, at least so far, far surpassed most of the altcoins in terms of price performance in this cycle! The lowest price of $floki in this cycle is 0.00000481U, and the current price is around 0.000150, with an increase of 30.25 times.

Such an eye-catching currency will attract the attention of many investors and new projects in any currency market cycle. Investors want to pay attention to it and get the most direct returns from it, while new projects want to have a certain relationship with it, thereby increasing the exposure of the project and making themselves stronger.

More or less due to this reason, the $cat project has recently appeared to airdrop tokens to $floki holders.As an investor, it is undoubtedly a great thing to have airdrops to eat.

However, eating, especially eating the airdrops of listed coins in the currency circle, still requires some skills. In the last bull market, I remember that someone ended up "losing" himself because of eating an airdrop of a listed coin!

At that time, there was a currency called zks, which was said to be a domestic project token. It proposed to airdrop one-to-one to token holders after it was listed. After learning the news, many people felt that this project was a conscientious project and this coin was also a coin worth holding, so they rushed to buy it. This rush naturally caused the coin price to rise sharply. As a result, the price of the coin began to plunge a moment after the airdrop was completed, and many buyers were buried.

This incident tells us that when eating the airdrops of listed coins, it is indeed necessary to have a certain risk awareness. Including the airdroppers who ate $floki this time.

Generally speaking, when this kind of airdrop comes, most people who know the news will rush. Among these people, a large proportion of them have no loyalty to the project tokens. This means that these people often sell the tokens as soon as they get the airdrop or the airdrop snapshot ends.

Since this type of people accounts for a relatively large proportion of both the number of people and the transaction volume in short-term buying and selling, their behavior often causes the currency price to experience a "roller coaster-like market", and when this market occurs, ordinary investors have to accept the reality of book losses.

Therefore, when eating the $FLOKI airdrop this time, we must also pay special attention to the snapshot time of the project party today at 23:59:59 UTC, and make our own plans in advance.

Especially friends who still hold $FLOKI high-multiple contract orders today need to pay more attention!

Tip: The words in this article are purely personal opinions!

Withstanding the selling pressure, how much can $dogs rise?

Dogs withstood the selling pressure and started to rise, how much can one dog rise to
The total amount of 550 billion dogs spot was launched on multiple exchanges on the 26th.

Because the number of airdrops to users by the project party of this currency reached 70% of the total amount, and there was no lock-up at all, the currency was subject to a large selling pressure on the listing day.

In addition, the listing of this currency on the Japanese yen market caused market panic due to the sale of ETH by the Ethereum Foundation on the 24th and the transfer of 30,000 BTC to Binance on the 27th, so the price of dogs did not show the soaring momentum of most popular currencies.

However, after withstanding the selling pressure and the related negative news of ETH and BTC, the popular currency dogs finally started to rise today.

So how much can this currency rise this time?

Personally, I think we can refer to the increase of some popular meme currencies in the past.

Previously, several popular meme coins on Solana had a total market value of about 3 billion U.S. dollars within a few days of their launch. Compared with those coins, dogs is even more popular.

However, there are many other factors that determine the short-term price of a coin besides popularity, such as market sentiment. Obviously, the overall market sentiment in the past two days cannot be compared with the previous meme coin hot on Solana.

In view of this, I personally think that in the short term, the total market value of dogs will hardly reach 3 billion U.S. dollars. According to this logic, the current price of a single coin of dogs will hardly exceed 3 cents of RMB.

Some people may think this price is too low, because most people who buy a single number may only get about 800 RMB.

However, this price is actually not low. Look, isn’t there a studio that has bought hundreds of millions of dogs?

If the number of dogs reaches 100 million, the income will become 100 million*0.03 yuan=3 million yuan?

In this way, the price of 3 cents is actually not low. What is low is the number of dogs you and I buy!

Looking at the market makes me want to vomit, but fortunately, the two coins I bought have doubled in a short period of time!

I have carefully watched the market in the past two days, using the stupidest "needle in a haystack" method of artificial naked eye reading.

This method is really tiring, because I almost vomited after looking at so many market charts of multiple currencies!

Fortunately, this stupid method allowed me to find these two coins.

Sakai, I bought it in the bathroom at 7:38 this morning, the average price was 0.78U, and it has doubled now;

Navx, I bought it on March 18th at a price of 0.117U. As of the time of writing this short article, the profit has more than doubled.

Congratulations to $kas, the adjustment is over!
Today, I won’t talk about its technical hard core to solve the impossible triangle in the blockchain, nor will I talk about how awesome the founder’s reputation is. I just want to briefly talk about its current market situation.
Since $kas was on the gate until today, we can see from the monthly line that it has experienced a total of 2 relatively large increases. (This does not include March when it was first listed. In my opinion, the starting price of any coin when it was first listed on the exchange does not have much reference significance as a base point for the increase)
Its first sharp rise will be from June to November 2023. During this period, its price rose from a minimum of 0.01197 to 0.155, an astonishing increase of nearly 12 times; the second time was from January to February this year. During this period, the price of $kas rose from 0.074 to 0.18970, an increase of 1.68 times.
As the saying goes, there is no coin that only rises but never falls. After experiencing these two surges, $kas will also undergo market adjustments. What we are experiencing now is the adjustment after its second surge. During this adjustment, the price of the currency fell from the highest of 0.1897 to the lowest of 0.09735, which is close to the half-fold level. This is not a small drop, which makes many people who get on the bus feel really uncomfortable.
Because of this, during this adjustment, many people handed over their chips, and among these people, there were also some large investors who had held hundreds of billions of coins in the early days. The handing over of chips by these large investors, objectively speaking, accelerated the decline of currency prices during this specific period, because the amount of coins they sold was really not a small number.
In this regard, some $kas holders keep criticizing, but in my opinion, we should not blame them, on the contrary, we should thank them. Because, if it weren't for their crazy selling, how would those who were optimistic about $kas have the opportunity to buy kas below 0.1 again in this bull market, which is crazier than any other bull market? In addition, I believe that although the selling behavior of these large investors has caused the currency price to drop a lot and the holders' book funds to shrink a lot, these effects are only short-lived. What's more, what they have done has objectively accelerated the currency price adjustment process and shortened the currency price adjustment cycle. Isn't this a good thing? In fact, it was only after seeing the selling of these tycoons that I was sure of this: a new upward cycle of $kas currency price is coming!

Is mkr going to be split up?

The day before yesterday, a whale wallet bought nearly 3,000 mkr at an average price of less than 3,000 after selling eth. This move allowed mkr's price to break through the key point of $3,000 despite the overall decline in the currency market yesterday.

Whale chose to take action at this time, which attracted people's attention and made many people speculate: Is mkr really going to be split up?

It was previously reported that MKR will be split according to a 1:12,000 plan, that is, one MKR currently will be converted into 12,000 new coins.

So, is this time before mkr split up a good opportunity for investors to invest?

In the early days of the last bull market, the cross-chain star project Polkadot had such a case. At that time, the project token dot was split at 1:100.

Before the split, the price of dot currency was US$300. Therefore, many people are calculating that after the split, its price should be normal at US$3.

As a result, on the day of the split, the price of the currency rose by more than 4 US dollars. When the main rise came in the late bull market, the price of dot after the split rose to a high of 55 US dollars. It can be said that the split of dot is a very successful case.

Then, someone has to ask, if mkr is really split, will it be as successful as dot?

I have my answer to this question, and you should also have your own answer. As for whether our answer is correct or not, the market will eventually tell us in the form of numbers.

In the currency market, if you can’t make money, the problem may lie in these two points

In the currency market, if you can’t make money, the problem may lie in these two points

1. Time point.

There is a word called "timing". My understanding of this is that the opportunities presented themselves when I entered.

No matter what industry we enter, this is true, it is actually difficult not to make money! ! ! (As for making more or less, it is due to other reasons.)

2. The ability to "follow the wind".

Many people come to this market with the idea of ​​​​fast in and out, so as to achieve rapid wealth and freedom by frequently changing "cars" (coins).

This idea is correct in itself. Who enters the investment market not to make money?

However, this kind of thinking mistakenly imagines that we ordinary investors are the leaders of this market. To put it more harshly, you have mistaken your status as a "retail investor" as a "banker".

Retail investors, objectively speaking, are just a supporting role in this market. What we can do in this circle is not to influence the market trend, but to conform to the market trend planned by the "bookmaker".

In this regard, I always remind myself: Those who follow the village will prosper, and those who go against the village will perish!

I believe, no, I should say, I am convinced that in the investment market, by being a person who "follows the wind" and dances with the "Zhuang", you will not only live, but also live an extremely nourishing life!

Do not believe? you try!

$grow

#Cryptocurrency investors were deceived and mistakenly thought it was a big lie——?

Everyone who has just entered the currency market often doesn’t know where to start when they see thousands of coins on the exchange.

At this time, if you ask some old leeks, most of them will often tell you the phrase "fry the new but not the old". So, is this sentence correct?

It is true that in every bull market, there will always be some outstanding new coins that increase hundreds of times. However, I naturally disagree with the view of "speculating on the new rather than the old".

In the last currency market cycle, I bought three hundred-fold coins, Dogecoin, $aave, and $bnb. When I bought Dogecoin, the price was RMB 2 to 5 cents. When the big bull market came, it reached a maximum of more than RMB 5 yuan (I didn’t get the last one back then;

My buying price for $aave was 7 US dollars, and the highest price rose to more than 700 US dollars; I bought $bnb for about 150 RMB, and the highest price reached 690 US dollars, and the RMB reached about 4,900.

Although I haven’t bought all the above coins at a hundred times, in the last bull market, they were all genuine hundred times coins. However, back then, they were already typical old coins.

Looking at this cycle again, $nos and $troll among the old currencies have now stood out from many altcoins, and have experienced a hundred-fold increase from their price bottom.

To sum up, don’t you think that “speculating on the new but not the old” is indeed a lie to countless people, but there are still many people who still believe it to be a lie?

In short, I personally believe that the success of currency market investment has a certain amount of luck, and is closely related to a person's investment vision, market experience, desire self-control ability, operation execution ability, financial strength and other factors, as well as whether the currency is new or old. The relationship cannot be forced.

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