老黄的交易日记

Is this a gambler or is this foolish? 😅

Are you still happy?

Let's talk about Notcoin, which will be listed on Binance soon, and TON ecological opportunities

I have not participated in the investment of Notcoin/TON, and this is not an investment advice.

Notcoin is rumored to be a Pi-like zero-cost platform supported by the TON Foundation to prove the growth capacity of Telegram/TON. The Chinese community likes to call it "dividing by dividing", which literally means digging coins by dividing by dividing. The game itself has added some referral/team mechanisms.

The token itself is fully circulated, with Binance Launchpool accounting for 3%, miners accounting for 78%, ecological funds accounting for 9%, and community incentives and Development accounting for 5% each. In other words, the cost of 78% of the chips is 0, and you can consider whether to take it or not. I personally think that from the perspective of the chip structure, it is necessary to wait for a full wash to raise the market average cost, but from the perspective of the volatility of the new coin listing, if it opens low, you can let go of your mentality like BounceBit went online yesterday. TON and TON Ecosystem The story of TON is already well-known. 900 million Telegram users directly own encrypted wallets, which is equivalent to WeChat skipping the banking system and directly connecting to Crypto Wallet, and supporting Tether's native USDT, plus Javascript Mini App similar to WeChat applet.

The current TON is the second test network of the TON whose ICO was stopped by the SEC. A few weeks after the refund of legacy TON in 2020, a mining contract was suddenly released, but there was no documentation. It was not until a year later in 2021 that the current TON was jointly launched by FTX and OKX. Then it is obvious who has the ability to mine 80-90% of the supply of TON in this year. In other words, to put it bluntly, the advantages and disadvantages of TON coins are the same, that is, more than 80-90% of pre-mining. Optimists think that high control will make it easier to pull the market, and pessimists think that you can't make money.

By the way, among Asian exchanges other than Binance, OKX is an IEO, and Bybit/Kucoin/MEXC and others have also participated in TON's OTC investment. It must be mentioned here that TON's OTC Deals have many deals, with different prices and unlocking times. If you want to increase your investment in TON, you need to do a good investigation.

In other words, the remaining exchanges have all joined the train, and now Binance has also started to launch ecological projects.As for whether Binance is likely to launch TON, and whether it will be a pull or a dump after it is launched, this is a philosophical question, you can consider it yourself. I think participating in the TON ecosystem is a better way to establish exposure. For example, Catizen is the most popular game on TON besides Notcoin, and its position is similar to the jump/shooting plane of WeChat applet.

It is also worth noting that USDC on TON applications will emerge as the supply increases. Whether the coins of these applications are given a chance is another matter, but we must keep a close eye on it.

Launchpool new rules Time: 8:00 on May 13, 2024 (East 8 District), mining lasts for three days. The pledged currencies are BNB and FDUSD, of which the BNB mining pool accounts for 85% and the FDUSD mining pool accounts for 15%. The total issuance of FDUSD has increased a lot compared with the previous bloody periods, so there is no doubt that BNB mining is still the most cost-effective. Total mining volume: 3,081,576,651 (3% of total supply)

#新币挖矿

Why was the bull market in the past more violent than it is now?

Market trends have always been the focus of attention. Whether the market will rise or fall next is undoubtedly the most concerned question in the minds of current investors. Why was the bull market so fierce in the past, while the current bull market seems weak? The reasons are worth our in-depth thinking.

As of today, the big cake has been fluctuating sideways at a high level for nearly two months. This trend has made many people begin to doubt the big cake. However, as for the question of whether the big cake will rise or fall next, my view is the opposite of the pessimistic market sentiment. Pessimism can inject vitality into the market, because the market situation often gradually unfolds in the collision of multiple views. If there are no bearish people, the main funds will find it difficult to absorb chips and control the market, and the big cake will not be able to achieve a breakthrough in the rise.

The current market situation is full of signs of retail investors being destroyed, and a typical short structure is forming, but the market has not fallen sharply or risen significantly, and this state will continue for some time. At the same time, many new features have emerged in the market. The introduction of ETFs has reduced the volatility of the entire currency circle. Compared with 2021, the price of altcoins should have been cut in half many times, and the price of Bitcoin should have dropped to 50,000 or even 40,000 US dollars. However, the current altcoin has only experienced a halving, and Bitcoin is still stable at around 60,000 US dollars.

Therefore, I firmly believe that the big cake will continue to rise. No matter whether you are currently short or full, and which currency you hold, please stick to your beliefs and endure loneliness, so that you can keep the prosperity.

There are several reasons why the past bull market was able to rise rapidly, while the current bull market seems weak.

First, in the past currency market, the scale was relatively small, and the currencies selected by investors were relatively concentrated.

Therefore, once a certain currency is favored by the market, its price can soar rapidly.

Today, the market scale continues to expand, various new currencies have emerged, and investment options have become diversified, resulting in the dispersion of market funds, making it difficult to form a large-scale rising market. Secondly, in the past, the circulating market value of currencies was relatively low, and a small amount of funds could drive a large increase. Today, the market capitalization of many mainstream currencies is already huge, and more funds are needed to drive their prices up.

In addition, the bull market track in the past was relatively limited, and investors were more likely to reach a consensus to drive the market up.

Now, various sectors and concepts have emerged in the currency circle, and investors are distracted and it is difficult to form a joint force. In addition, the number of market participants has not grown enough, and many people still lack understanding of Bitcoin and blockchain, which limits the market's upside.

Finally, from the perspective of the project party, today's project party pays more attention to short-term interests and lacks long-term vision and pattern, which also affects the healthy development of the market.

#BTC走势分析 #山寨币热点 $BTC $SOL $PEPE

Wall Street trading ideas for selecting high-quality coins [Read patiently, you will start a profit model]
If you want to make money by speculating in coins, it is nothing more than buying low and selling high, but most investors find that they just bought it and it did not rise but fell. Why? It's very simple. That's because the price was already very high when you bought it. The dealer is shipping, and you become a receiver. In the end, you are stuck there. After a long time, you can't stand it and cut your losses, resulting in losses. So how can you buy high-quality coins? After a certain period of time, it can generate several times or even dozens of times of income for you. In the final analysis, coin selection is the key. Coin selection is not to follow the crowd. Others may buy when the price is very low, but you, so you must have a complete set of coin selection ideas. Let me teach you from which specific aspects to comprehensively consider whether a currency can be bought!

1. The circulating market value and total market value should be low
The total market value of the public chain should be less than 50 million, and the dapp protocol should be less than 5 million. It is easy to understand that the circulating market value should be low. If the market value is not low, the space is not large enough, the lower the better. Why must the total market value be low? That is because the tokens will be released slowly in the next 1-2 years. If the total market value is not low, it means that the project party does not need to pull the market, and can get rich by shipping horizontally. In other words, even if it drops 10 times, there will still be high prices and profits.

2. The ceiling of the track must be high
At least the valuation of the big bull market must reach more than 1 billion US dollars. If it is a meme coin, you can refer to Dogecoin. If it is a public chain, you can refer to ETH, SOL, and MATIC.

3. New narrative
Don’t participate in tracks that are too unpopular. It is best to solve practical problems. The new narrative must be long-term value discovery, not short-term cyclical speculation. For example, the current AI GPU computing power narrative, a safer, faster and more decentralized public chain, and several track infrastructures such as the Metaverse Chain Game AR.

4. The dark horse coin must be in a place where no one cares
The coins known by the whole network are basically high opening (ICP) or normal valuation (ARB). Do you think their unit price can increase 100 times? When the market opened, the total market value was in the billions or tens of billions. Let alone a 100-fold increase, even if it increased 10 times, it would catch up with ETH and BTC.

5. The liquidity of the early 100-fold coins was basically very poor, and they were generally on the chain

It is too troublesome to buy, so I don't participate. These are all superficial phenomena, and the essence of value is not seen. Binance has no threshold, but it is difficult to make money on it. All shipments are made after the launch.

6. Low unit price, more zeros after the decimal point
If the unit price is tens of U or hundreds of U at the beginning, more than 80% of the leeks will be scared away. Especially in the big bull market, those who run in are all new leeks. They only look at the unit price and don't understand the market value. The unit price of Meme coins and public chain coins is very low at the beginning, and 3-5 zeros are normal.

7. It is best to be a public chain or a head protocol on a public chain
The best way to make money in the currency circle is the public chain. In the 21st bull market, more than 10 public chain coins with a hundred times increase have emerged, including sol, matic, avax, and sol, each with its own advantages. There are also many head protocols, such as uni, aave, cake, xvs, etc. The public chain has always been a hot topic, and it has always been about building an ecosystem and market value.

8. The founder, team background, and investment institution should be reliable
The founder should preferably be a celebrity in the cryptocurrency circle, such as the Ethereum core team. Having a well-known institution participate in the investment is equivalent to having an additional endorsement. The amount of financing and project valuation are also very important. Good public chain projects are generally valued in the billions.

9. Those that violate the logic of value investment cannot participate
What does it mean to violate the logic of value investment? For example, AMPL and a deflationary token on arb before. The more you hold the coins, the less you have. Whenever you see this, no matter how innovative it is, don't participate at all. In the end, it will definitely be a mess and you will be cut off completely. AMPL cut off many big Vs. If you think you are a natural fast runner, then ignore what I said.

10. Try not to participate in old coins unless there is a very strong new narrative
For example, RNDR and CFX in this round are old coins, but their narratives are very good, perfectly fitting the main theme of this new round of bull market. The former spans the hot spots of several tracks in AI GPU NFT chain games AR VR metaverse, and it is a basic setting that is difficult to be eliminated. The latter is a better, faster and safer public chain, and it has the resources of the national government behind it. In addition, Hong Kong is going to become the center of the new round of WEB3.0, making CFX the core target of Hong Kong's hot spots. Putting aside the Hong Kong hot spot, it is also a relatively good public chain, and it also has its own ecology and value.

In any industry, insiders make money from outsiders. They don't understand trends, investment strategies, or systematic investment methods, and are unwilling to learn from experts. How can they successfully dig for gold in the financial market with the most smart people?

#山寨币热点 #Meme币你看好哪一个？ $SOL $AVAX $ETH

How to make one million with three thousand yuan in the cryptocurrency circle?

First of all, a high-certainty opportunity can be raised according to the stop loss position. How high can the leverage be raised? If you don’t do this, how can you make the first pot of gold?

The difference between simple interest and compound interest. If you are doing simple interest, the leverage can also be maintained at a certain multiple. But if it is compound interest, as your capital volume increases, the leverage must be reduced to increase the fault tolerance rate, otherwise a big mistake will have to be pushed back.

Another point I think is more important is that when encountering a big market, you must dare to operate with a heavy position, because a big market is hard to come by, as long as you catch a wave, your capital volume may increase by a level.

When you roll over to hundreds of thousands, the leverage should be gradually reduced. When the funds are hundreds of thousands, the leverage is generally not more than 10 times; when it reaches two or three million, the leverage should generally not exceed five times, and 3 times is best.

How many times the leverage is generally opened, let's talk about it below

How many times the leverage is opened depends on the following conditions:
1. Your risk preference
2. The contract currency opened
3. The size of the contract funds
4. Are you doing simple interest or compound interest
5. Judge the size of the market.

So it is meaningless for you to ask me how many times the leverage is opened. If you have a high risk preference, a small amount of funds, and a high return, wait for an opportunity with a higher certainty to increase the leverage according to the stop loss position. If you don't do this, how can you make the first pot of gold?

First, observe the general trend. When you feel that there is a chance that the market may fluctuate by more than 30%, wait patiently. Enter the market as long as there is a possibility of a turning point. If the market is in line with expectations, hold on and find the right opportunity to increase your position. (Note that if there is a luck factor in finding the turning point of the market, then increasing your position is completely a technical job. When to increase your position and how much to increase should be particularly cautious. It is better not to increase your position if you are not sure. Because it is easy to affect your mentality if you make a mistake.) If the market does not go as expected, stop loss, hedge or stop profit, and wait for the next opportunity.

There is a disadvantage to doing this, that is, it is often possible to get a profit of five or even ten points and then exit at the cost price. Sometimes you are busy for a month and keep riding a roller coaster and stop loss.However, as long as you get one wave of market right, you will make a lot of profit.

If you want to grow with small funds, I think this is the best way. Take the money you can afford to lose and patiently wait for the opportunity with the largest profit-loss ratio, at least 1:10 or more.

There are so many exchanges with high leverage now. Just open 40 times or 50 times and stop loss when the position is liquidated.

If you are wrong, wait for the next time; if you get it right, you can increase your position with profit. As long as you can catch a wave of market, the principal can be multiplied by at least ten or twenty times.

Reduce subjective prediction of the market. Believe in your eyes, not your brain, and don't let your brain move your eyes.

Eyes moved by the brain are full of prejudices, and all prejudices correspond to the bait that leads you to the final trap.

In fact, sideways fluctuations are like arm wrestling. If you are not good at fluctuating markets, just be a bystander and sit on the mountain to watch the tiger fight.

You can cheer and applaud, but don't get started. Wait until the moment when the winner is decided and then rush in to pursue the victory.

Only big fluctuations can make big money, longs can make big money, shorts can only make small money.

Poor people play with skills, rich people play with courage. If you want to change your situation, you need to learn not only technology, but also a rich heart.

Some people will say: It's easy to say, can you do it?

No one can do it 100%, otherwise he will become the richest man, but I can do the core 30% 50%, which is enough for an ordinary person to counterattack.

The ways to make money in the world are not easy to do, so why don't you do it? It's easiest to beg for food with a bowl. I don't think it's necessary to get a bargain and sell it. If you don't want to watch it, you can ignore it. There is no need to waste time arguing.

There are many people who make a lot of money in the currency circle. I have always thought that I am just an ordinary person, but there are not many people who are willing to share their ideas and operating methods. After all, they are guys who eat. Such trolls will only make more and more people choose to shut up and stop sharing.

Find a favorable position in the fluctuating market and break in. If you are wrong, cut it. If you are right, set a range and keep increasing it. Use the average opening price to stop loss. Nine times out of ten, you will stop. But if you get a half-year level market right in a few years, it will be enough for you for a lifetime..

All you do is to put yourself on the right side before the big market starts.

Most SBs can't make money because they don't dare to win, they are not greedy enough, and they don't dare to make money to death. Open the weekly chart 9 and look at the market in the past few years. In any wave of market, as long as you are greedy enough, you don't have to worry about the money in your next life. Don't tell me that you made wrong judgments in those markets?

It is said that compound interest is the eighth wonder of the world. For example, it seems very simple to make money by speculating in coins. If you have 1 million capital and double the income every year, this income is extremely simple in theory. After all, in the currency circle, people are always looked down upon if there is no dozens of times of income every year.

1 million, 2 million, 4 million, 8 million, 16 million..... there will be 16 million in four years.

But this is only a theoretical result of mathematics, and it is not easy to do in practice. So what interrupts your compound interest?

It is making a big mistake: missing out is not a big mistake, and making a mistake is not a big mistake as long as you stop loss. Only when you carry a high leverage order and finally sell it at a loss is it a big mistake. No matter how many times you have done it right before, as long as you make a big mistake, the previous right will be 0, and the compound interest will be terminated.

This is why so many people have not made money or even suffered a huge loss even if they have not missed out in the past few years.

In 10 big market trends, even if you miss out 5 times and make mistakes 2 times but stop loss, you will still have ten times or even dozens of times of income if you only catch 3 times. The reason why many people can't do it is because they make big mistakes and cannot accumulate compound interest by making losses and gains.

What's the use of doubling your earnings this time, and then losing half of them when the market crashes?

In the eyes of many users, the big V group always seems to be a loser, either missing out on opportunities or making mistakes and being laughed at every time, but the core skills of many big Vs are to prevent themselves from making big mistakes. It doesn't matter if you miss out on opportunities or make the wrong stop loss, but as long as you don't make big mistakes, compound interest can continue, and you will make a lot of money sooner or later

#大盘走势 #热门话题 $BTC

Get 30-year-old resources in advance, the secret of OTC leverage

Credit limit - How to apply for a 3 million credit card and a 10 million low-interest credit loan?

The following content is worth 10 BTC.

The biggest dilemma for young people is that when you have your first 1 million, you are already 30 years old, because it takes time to get rid of wage income. Why can you surpass the efforts of three generations of others in ten years? The only cheat sheet is to get enough low-interest OTC loans, no matter what you use them for - we only discuss reasonable and legal business.

Continuing from the previous article, after having sufficient qualifications, how to apply for a 3 million credit card and a 10 million low-interest credit loan?

It is easier to borrow 3 million than to earn 3 million, right?

For customers with good qualifications, such as employees of public institutions/programmers in large companies, the upper limit of credit is about:
Credit card: 600,000
Credit loan: 1-2 million
Mortgage loan: 15-20 million in first-tier cities, 6-8 million in second-tier cities, and couples can double

What is the upper limit of credit? It is basically impossible for one person to get more unless he is gifted/has a deposit breakthrough.

These contents will not be written in any written contract/product introduction, which is the unspoken rule of credit/risk control review.

So how can one person apply for a credit card of 3 million and a low-interest credit loan of 10 million?

It is impossible. I suggest you take a plane and sleep. You can dream about anything.

Just trade in cryptocurrencies honestly. If you have no direction in the current market, please find me on the homepage

#热门话题 $BTC

How to view web3?

There is no doubt that web3.0 will lead the next bull market. If you want to reap this wave of dividends, you need to plan ahead.

Look at the official support of Hong Kong for web3.0. What is the significance of Hong Kong's promotion? You can figure it out with your toes, so I won't go into details here.

Don't listen to some people who say that these are all concepts and are useless. Others just talk nonsense. If you miss this opportunity, you will bear the loss yourself.

The best way is to learn about it yourself and find opportunities to invest in it.

The following content is relatively dry, please read carefully:

1. What is Web3.0?

Web3.0, regarded as the next important stage of the Internet, is also called the "Semantic Web" or "Smart Web". Compared with the "read-only" Internet of Web1.0 and the "read-write" Internet of Web2.0, the Internet of Web3.0 is defined as a "readable, writable and interactive" Internet.

A core feature of Web3.0 is its decentralized nature. It abandons the model of data storage and processing by central servers and turns to the use of blockchain technology to achieve decentralized storage and processing of data. This change will make the Internet more democratic because users will be able to have more control over their own data.

2. What are the key features of Web3.0?

1. Decentralization
A key feature of Web3.0 is decentralization, which means that data is no longer stored on a central server, but in a decentralized network. This will improve the security of data and prevent data from being abused by centralized service providers.

2. User control of data
In the world of Web3.0, users will have full control over their own data. This means that users can choose how their data is used, instead of being collected and used for commercial purposes by Internet companies as in Web2.0.

3. Smart contracts
Web3.0 will also use the smart contract function of blockchain technology to achieve automatically executed, trustless transactions and applications. This will greatly improve transaction efficiency and reduce transaction costs.

3. The prospects of Web3.0
Web3.0 will open a door to the future, and it will bring us many new opportunities and challenges.

1. Privacy
In the world of Web3.0, users have more control over their own data, which will help protect users' privacy.However, this also requires users to take greater responsibility for their own data, because the security of the data will rely more on the users themselves.

2. Decentralization should
With the development of blockchain technology, we will see more and more decentralized applications (DApps) appear in our lives. These applications will change many of our traditional services, such as financial services, social media, online markets, etc. Decentralized applications will make services more transparent and fair, reduce the involvement of middlemen, thereby reducing costs and improving efficiency.

3. New business models
Web3.0 will give birth to some new business models. For example, through the token economy, users can get rewards by participating in the construction and maintenance of the network, thereby encouraging more users to participate. In addition, NFT (non-fungible tokens) have created new business models in the fields of art, music, games, etc.

4. Social impact
Web3.0 will have a profound impact on society. Through decentralization, we can build a more fair and just society because everyone can participate and contribute equally in the network. At the same time, Web3.0 will also bring changes to the way we work, learn, and entertain ourselves.

The development of Web3.0 will also bring some challenges.

For example, how to protect user privacy and data security, how to prevent the network from being maliciously exploited, how to effectively manage and govern decentralized networks, etc.

In general, Web3.0 is a field full of potential. It will bring us many new opportunities, but also some challenges. For us, the most important thing is to understand and grasp this new change so that we can find our place in this new era.

Let us look forward to the arrival of Web3.0 and a more open, fair and intelligent future Internet world!

5. Cross-border integration
Web3.0 will deeply integrate various technologies such as artificial intelligence, the Internet of Things, blockchain, etc., breaking the boundaries between industries.

For example, we can expect to see smart contracts combined with IoT devices, so that devices can complete transactions autonomously. For example, when there is a shortage of goods, vending machines can complete transactions with suppliers autonomously and replenish them.

6. Data management and ownership
In Web3.0, data ownership will return to the hands of users. This will make the use of data more fair and transparent, while also providing protection for user privacy.

This also means that users need to pay more attention to the security of their data, because once the data is stolen, it may have serious consequences.

7. Authentication
Web3.0 will bring a new authentication method. In this way, users can use a globally unified authentication method without creating a new account for each application. This will greatly improve user convenience and reduce the risk of identity theft.

Finally, a project with a clear bright future is definitely worth your time to understand

The future is here, and we need to seize it firmly.

#山寨币热点 #热门话题 $BTC

The first Bitcoin halving took place on November 28, 2012

Bitcoin quickly rose from around $10 to $1,100+, a full 100 times increase in a year

The second Bitcoin halving took place on July 9, 2016

What no one expected was that after the halving, along with all kinds of good news, Bitcoin actually rose from $650 to $19,800 this year.

The third Bitcoin halving took place on May 11, 2020

As expected, Bitcoin began to soar again. This year, the entire bull market Bitcoin rose from $3,800 to a peak of nearly $70,000

On April 20, 2024, Bitcoin ushered in its fourth halving

This time the market will definitely be more exciting. Every halving will be accompanied by the craziness of all virtual currencies in the crypto market. If you don’t have a direction yet and don’t know what currency to invest in, please click on the avatar homepage to see the information and find me

Let’s wait and see! ! !

#BTC走势分析 $BTC

Why do many people who have survived the trough become silent?

I have a childhood friend who became rich and poor suddenly. He used to be very talkative and could always make girls tremble with laughter.

Now he is so quiet that he can’t do anything. One time I asked him, why haven’t you posted on WeChat Moments for several years? He doesn’t talk much usually.

He said, I used to think that humor is humor, but when people are insignificant, humor becomes funny, and funny people are easily regarded as clowns.

I asked, why do you have no influence?

He said that his family suffered a change when he was in college, which you know. His life, which was originally acceptable, became a mess. He was worried about his livelihood every day before graduation, and always wanted to change the fate of his family. Life treated me well. I started a company in the second year after graduation and made a small profit, but I was not worthy of the position, and then I lost money.

I said, what does this have to do with your silence?

He said that when I was in high spirits, I loved to talk about project experience and write something. Every time someone praised me, saying that I spoke well and had a promising future. A year later, something went wrong with my business, the company closed down, and my girlfriend broke up with me. Fortunately, I was fine. When I talked about my experience again, no one listened. But this is something I think is truly valuable. The less people listen, the more I want to talk about it. But who can I talk to?

I had to talk to myself

In the world of fame and fortune, people don’t listen to reason, but to results. In fact, it’s not the results, but the benefits. What you say is not important, but who you are is important. Since what you say is not words, why talk so much? Is it funny?

#热门话题

A very touching sentence:

People like the occasional vulnerability of the strong, but don't like to support a weak person.

The weak like to regard long-term vulnerability as beauty - people with princess syndrome are typical of "I am weak and I am right".

Literary and fresh, committing suicide and cutting wrists after a breakup, being deeply trapped and unable to get out, but moving others with this, is also a kind of aesthetics of "I am weak and you should pity me, I am weak and I am infatuated".

Not creating value, but wanting to obtain value beyond what you provide, is greed.

Will the US election determine the future direction of Bitcoin?

What are the key meetings to watch this week

Biden and Trump represent very different political positions on Bitcoin. Biden promised to maintain Congressional support for regulation, while Trump expressed a positive attitude towards Bitcoin and even said he would accept Bitcoin donations. According to Standard Chartered Bank, if Trump is re-elected as president, the price of Bitcoin may soar to $200,000! Either of these two candidates becoming the next US president will directly affect the development of the cryptocurrency market.

Like seemingly distant events such as interest rate adjustments, wars and elections, these factors directly affect the trend of the cryptocurrency market.

At present, Bitcoin is at a brand new turning point and has experienced a period of market volatility. Whether it is struggling to move forward in the market downturn or becoming a hot topic in the US election, Bitcoin's position on the international stage is constantly emerging.

This emerging industry is gradually gaining international attention, and future development will depend on regulatory policies and the investment of mainstream investors. Let us wait and see and witness Bitcoin write a new legend in innovation!

Key events & indicators this week

May 14
●US PPI annual rate in April
●Fed Chairman Powell and ECB Governing Council member Knott attended a meeting and delivered a speech
May 15

●US CPI in April
May 16

●US initial jobless claims for the week ending May 11 (10,000 people)
●Fed Vice Chairman Jefferson spoke on the economy
May 17
●2024 FOMC voting member, Cleveland Fed President Mester spoke on the economic outlook
●2024 FOMC voting member, Atlanta Fed President Bostic spoke on the economic outlook

#5月市场关键事件 $BTC

I saw a question these two days: If US stock investors buy and sell BTC ETFs, will this be reflected in the on-chain data? If it is not recorded on the chain, will the reference value of the on-chain data be reduced?

In fact, many people may not understand the operation of #BTC spot ETFs. Now, whether it is Hong Kong (spot) or the United States (cash), the acceptance is responsible for acceptance by the acceptor. For example, basically 80% of transactions in the United States are on Coinbase, and Hong Kong seems to be on HashKey. All these transactions are on centralized exchanges, but the BTC after the transaction will be extracted to a special custody address. So the buying and selling process is indeed not on the chain, but the results after the buying and selling are fed back to the chain. The basic time difference is about a few hours. For example, the data feedback of GBTC is very fast, and that of Fidelity and BlackRock is very slow. So even the data of ETFs will eventually be fed back to the movement on the chain. Therefore, the on-chain data is of certain reference value. Especially URPD

Then there will definitely be questions here: According to the logic of A-shares, the buyer purchases BTC through a fund company, and the fund company exchanges the purchased BTC for an equal amount of ETFs and gives it to the buyer. The buyer can put the ETF on the secondary market of US stocks.

So suppose A purchases an ETF corresponding to 1 BTC through a fund company, A's purchase will be fed back to the chain. So if A puts this 1 BTC ETF on the secondary market, and B purchases the ETF from A, will the turnover between B and A be fed back to the chain?

But in fact, under the current situation: if the ETF is traded privately instead of through AP, then BTC itself will not be involved, and the on-chain data will not be involved, but if you are simply selling and interacting with AP, then you need to go on the chain. At present, I don’t know of any private transactions of ETFs in the United States, and it should not work, because BTC ETF cannot be used as collateral, so all interactions should be through AP.

#ETFvsBTC #香港加密货币ETF $BTC