During the National Day holiday, I have neither the mood nor the time to pay attention to the market. It doesn’t matter if it goes up or down, and I won’t do anything anyway.
When I was chatting with my family and friends, we were discussing whether Bitcoin $BTC had any value. They still couldn't understand why one Bitcoin was worth more than 400,000 yuan.
I just remembered two stories of showing off wealth in the cryptocurrency circle a few days ago, which aroused heated discussions among everyone at that time.
One player showed off his Yu'ebao and Lingqianbao balances of over 2 million yuan, saying that he had made huge profits from the Starknet $STRK airdrop and that the airdrop could change his destiny.
He was in debt of 40,000 yuan a year ago, but after one and a half years of hard work, he turned his life around and accumulated more than 2 million yuan. It's really inspiring.
Of course, he did not forget to promote his paid memberships, share tools, skills and popular projects for airdrops, etc. I heard that the monthly fee is 298u and the quarterly fee is 598u. If you receive 100 members, the monthly income of 3wu is also very considerable.
There was also a player who revealed on Twitter that he had participated in Singapore's token2049 and was set up, blackmailed, and restricted in his personal freedom, with a total loss of US$4 million.
He also posted the balance of his exchange account, announced his will, and asked netizens to help him contact the embassy. It was really thrilling.
Finally, netizens concluded that this was a farce directed and acted by him, and he was blackmailed once a year.
His Twitter persona is that of a young, wealthy cryptocurrency tycoon. He entered the circle in 2017 and earned more money than an ordinary person could earn in several lifetimes. The cryptocurrency circle enabled him to accumulate his original wealth.
There are indeed some lucky people who are the darlings of the times, who entered the market during the boom period of blockchain and accumulated a lot of wealth.
Chuxiaolian is unable to evaluate the authenticity of the content. After all, there are people who really make millions in the blockchain, while there are also people who are just setting up personalities and showing off their balances to make money.
People who really make a lot of money will not reveal their account balances. No one wants to be noticed. Most people make money quietly, and when there are more competitors in a track, opportunities are diluted.
All content showing off one's balance and wealth always has some utilitarianism, either selling training courses or making a lot of money to attract buyers. Others are for traffic. If there is traffic, there will be fans. If there are enough fans, the project party will pay attention to them and they can take on advertisements.
New players should be cautious when entering the circle and keep an eye on their wallets. After seeing various ways of playing, they will also understand the tricks of cutting leeks.
Chu Xiaolian was in a group of bigwigs and found that the bigger the boss, the more low-key they were.
I cannot check the balance of his on-chain wallet, and cannot tell whether he is a real boss or a fake one, but since he sends out red envelopes of 200 yuan per person to 100 people, he is not an ordinary person.
A friend in the group has been in the market for ten years. After losing 50 BTC on contracts in the early years, he learned his lesson and now stays away from contracts, holds the coins without moving, buys small when the price drops slightly and buys large when the price drops sharply. He follows the currency-based thinking and is firmly optimistic about BTC.
A friend in my group has been mining for many years and is firmly optimistic about the future development of Bitcoin. He believes that the price of BTC will rise to $150,000 next year and will reach $1 million in the next 10 years. Do you also agree with the future trend of BTC?
Another group member is working on cryptocurrency traffic, optimizing search keywords, acquiring a large number of accurate users, cooperating with exchanges, promoting rebate links, and receiving hundreds of thousands of dollars in rebates every month. He is very low-key and modest in the group, and will not actively show his balance.
The richest and most low-key person in the blockchain is Satoshi Nakamoto. Since the launch of Bitcoin, Satoshi Nakamoto has been anonymous. He has not been online since 2011 and has completely disappeared.
No one knows whether the real Satoshi Nakamoto is a person, a team, or a power institution.
Bitcoin is a peer-to-peer electronic currency system that is decentralized, anonymous, and cannot be tampered with. We can check the Bitcoin rich list, but we cannot know the holders behind it.
The top 10 Bitcoin wallet addresses on the chain, most of which are marked as institutional wallets. Binance Bitcoin wallet addresses hold more than 240,000 BTC, worth more than $15 billion, accounting for 1.26% of the total Bitcoin, which is also the confidence of the Binance platform.
The US government has always discouraged Bitcoin, but its government wallet holds more than 90,000 BTC, ranking in the top 5, with a value of more than US$5.9 billion.
There are also TOP8 unmarked wallet addresses, which may be individuals, holding more than 78,000 crypto assets worth more than 5 billion US dollars. These are the real bigwigs in the currency circle and the real rich people.
The crypto market will really produce super-rich people. Even if you cannot see and understand the true value of Bitcoin for the time being, you can see that one BTC can be sold for $62,000 immediately, which is wealth visible to the naked eye.
True wealth is also low-key, and those who show off their wealth are generally not rich enough.
Finally, I wish you all a happy National Day holiday and become true big shots in the cryptocurrency world.
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.
