A simple sentence that takes many years to ponder. The longer you trade, the deeper the understanding.
For example: Slowly getting rich.
On the surface, this sentence seems very simple, but it actually contains a lot of applicable situations.
For instance, why is it so difficult to achieve the idea of 'only making money within your understanding'?
Because 'within your understanding' is a strike zone, which usually requires patience to wait.
Most people, however, cannot wait; they want to get rich immediately, so they are willing to hit any ball, disregarding whether it is in the strike zone or not, the key is to keep swinging.
What is the result? Earn 10, lose 5, or even lose 20.
From 'getting rich quickly' to having a negative expected return in terms of probability, slowly becoming poor, or going bankrupt quickly.
Slowly getting rich and only making money within your understanding may seem unrelated, but the underlying logic is the same.
Let’s talk about another example: why is it very difficult for many people to take profits, and why do they face great obstacles when selling?
Because they want to make a fortune in one trade, to turn things around in one cycle.
As a result, after going through one cycle after another in crypto, there is still just a small amount of money in the account.
Therefore, the four words 'slowly getting rich' may embody a meaning that takes trading through several cycles to gradually understand.
I have always disagreed with borrowing money to enter this market.
If you must, I only agree to one way, which is that you can borrow at a very low interest rate of below 6%, or through a combination of fixed rates with some profit-sharing, depending on trust.
At the same time, you should be able to obtain certain returns through stable methods like yield farming, WK, grid strategies, etc., and your total assets should roughly cover this portion of liabilities.
For example, if you have 1 million, borrowing 1 million to diversify into several protocols for yield farming or grid strategies.
Moreover, your model and strategies, along with various advantages, should be able to generate stable profits.
I mention this because I have recently seen several people in the lurking circle borrowing money to play,
Borrowing money and leveraging is definitely not for gambling; this method may lead to sudden wealth, but in an era of going to zero and limited tolerance, no one can bear it.
You must have a backup plan; definitely do not run away on one leg, as that will only lead to all-in; otherwise, losing once means it's all gone.
I think a key question you should consider right now
1. Can this B in your hand withstand this cycle until the next cycle, is the time long enough? How long is considered long, 1 to 3 years or more, crossing over one cycle, maintaining market value well.
2. Is there a complete logic besides selling B in the secondary market? Does it have self-profitability or other ways to create value?
Once the above two conditions are met, it will naturally trend upwards, and even if it resists downward movements, you won't have to worry too much about it not moving or lacking opportunities. Such a B will make you feel more secure and is more conducive to holding long-term positions, making it suitable for those seeking stable compound interest.
At the beginning of this cycle in 2023, for example, the repeatedly mentioned big brother, ETH, and the core ENS, UNI that have been mentioned, the value of domain names and platform value, including MEME value driven by SOL and BNB, or the DEFI value created by AAVE and COMP. For example, the staking sector created by the newly emerged BNB, LISTA, etc. Similarly, the stable B sector is all similar.
Remember that the above two cores are key; they determine how long you can hold and how much you can earn. Likewise, if you don’t have the desire to hold long-term, you shouldn’t even touch it.
If you are determined to grow in the investment market, you must think and learn now, expand into different markets, and broaden your scope. Balancing investment depth and breadth is very challenging.
CZ's arrest and imprisonment, revealing the true experience
CZ detailed his experiences in U.S. prisons on a podcast; you can check it out. When you lose your freedom and health, you'll realize that money is no longer useful (link): Just the process of entering prison is torturous; you have to strip down for a search, expose your buttocks, and be locked in a cell. My first roommate was a 'double murderer'. Yes, on my first day in the cell, I was assigned to someone who had killed two people. In prison, no one cares who you are; they won't treat you specially just because you're CZ or wealthy. I was told I was under 'central supervision', meaning some upper-level unit would be monitoring me specifically, which is probably the only difference. But the guards and inmates in the prison basically have no idea who I am; they just follow procedures.
The market has currently bottomed out, looking at 10W #BTC
The wave of selling by institutions and investors has ended, and the selling power in the market has weakened. It is unlikely that we will see the market fall below previous lows.
What will happen next?
- Tariff pressures will ease, and the Trump administration will introduce some form of tariff reduction before July.
- The Federal Reserve will lean towards dovishness, using interest rate cuts to offset the drag of tariffs. Even if there are no rate cuts this quarter, we expect some form of non-quantitative easing-style quantitative easing (QT) driven by the Treasury to counter the tariffs.
- Liquidity-sensitive assets will outperform the market, with Bitcoin being the most sensitive asset among mainstream assets currently.
- For most companies, profit growth will face challenges, but they will benefit from clearer trade policies and regulatory rollbacks.
The dominance of the big brother has not yet peaked.
1. AI will be one of the core strategic directions for the BNB chain moving forward; 2. The MCP protocol will be launched, which will serve as a bridge between AI and the on-chain world; 3. Build a decentralized AI application ecosystem; 4. Encourage ecological projects to participate in the construction of MCP
In simple terms, AI on the BNB chain will be one of the focal points of the upcoming hype, and it will generate more than 5 to 10 times the new AI projects on-chain in this direction, which is definitely worth paying attention to.
Previously on the BNB chain, many AI projects lost interest in doing work after receiving funding in a short time, so it’s best to look at relatively new AI projects. I checked, and currently, apart from #BID , #AIOT , #SKYAI , etc., which are still active, the others are quite average.
By the way, this is also good for BNB, CAKE#内容挖矿 #AI
This morning I talked to the owner of a small exchange and asked why there hasn't been a rise of small spot exchanges this time. The biggest reason is that BN has done this, and the strategy of frequently listing coins in previous years simply cannot compete under the Alpha + IDO boom.
Since Alpha was launched, 16 projects have passed through this channel and eventually listed on the spot market, firmly establishing itself as a startup board for big A shares, ultimately transitioning to the main board. The key point is that now there is basically a new project every day, and it really is hard to keep up.
From late April to early May, everything is influenced by the interest rate meeting, leading to the market once again entering a state of wide and narrow fluctuations, with not much change. Only after May 8 will it be free to move.
It can be seen that the previously well-performing, relatively strong altcoins are holding firm during a slight rebound from the larger coins; meanwhile, those that performed poorly quickly soften with a slight pullback from the larger coins.
This indicates that we have not yet reached a true independent market peak; liquidity is still too poor. At this time, what you can do is either quietly accumulate what you believe to be valuable assets, or patiently wait. Do not frequently trade on short-term movements; if you just saw a bullish signal, it immediately drops, and if you see a bearish signal, it immediately rises. The more you trade, the more you lose money.
Living in the market is the key. You need to bet on the trend opportunities of one or two months or a few significant events to make big money. #Altcoins##CryptoCircle##DigitalCurrency##Meme[Super Topic]##Blockchain##EthereumSuperTopic#美联储FOMC会议
Record this, April 19, $ALPACA , historical lowest point 0.03, today’s highest 1.1, 40 times,
Many people still don’t understand the logic, now any random garbage MEME has tens of millions to over a billion market value
A BN spot only has a market value of a few million, not even as good as garbage MEME? Impossible, treat BN garbage altcoins as MEME to play with, hold this mindset, and you can make money.
If your thought is that it will be delisted, crashing, and so on, sorry, the big players don’t play by your rules,
Now it's just an appetizer, the second half of the upcoming bull market will have even more exciting moments, remember, you need to seize the opportunity and also know when to take profits #ALPACA
It has been rising for three weeks, from 74,500 to 95,700. The first prediction of over 90,000 has already been reached. You can't expect it to keep rising indefinitely; the time cycle doesn't allow for that. If it continues like this, there will be no way to play later. This position needs to take a break.
In the short term, let's see if there is an opportunity to test the 90,000 position again. If it doesn't hold, we will re-accumulate.
Remember, the overall direction won't change; it's not over yet #btc
The mindset of BN new coin speculators, take a good look
You can switch from the perspective of a "trader" to that of a "harvester" and review the recent launches of new coins $INIT , $HYPER , and $WCT , as well as BABY. If you were a trader for the "big player", aiming to maximize profits, how would you operate at that moment?
If I were the big player, I would have a few basic judgments:
1. The moment BN spot is announced is when liquidity is most ample, and you must sell at that moment; there will be no further opportunities. Generally, the larger the market cap, the more it is unlocked, and you must find a way to sell quickly.
2. The current market is not doing well, and buying liquidity is certainly insufficient, which makes it easier to drive prices up while distributing chips to sell. Therefore, you can see that regardless of the market cap, newly listed coins are often pumped 1-2 times, and there is also a level that BN forcibly requires to pump.
3. The stronger the expectation for a "meme coin", the worse the incremental liquidity when it launches; conversely, the less expected it is, the better the incremental liquidity at launch. For example, WCT was proposed on the 15th, and most people were not optimistic, nor did anyone expect it to be listed on UP exchange, yet its performance later was better.
4. High positions can't hold the market, and there is still some opportunity at low positions. This is somewhat similar to the above.
You will find that in this game, the answer is always to "pour in"; the stronger the "expectation" on BN spot, the faster it should be poured in, because if the "big player" doesn't run, others who are ambushing must run.
Moreover, the initiative of the big player pulling from a low position will be much stronger, because the shell value of BN provides some degree of price support.
When trading in the secondary market, you must have a "counterparty" mindset. Don't daydream about what BN will do; just imagine yourself as the least strategic big player and ask yourself how to maximize profits under this market situation. Usually, the answer you come up with will be the final result.
To be honest, the madness of each round of altcoin season has just one criterion, which is the amount of Bitcoin and Ethereum that can be scammed away from everyone. The more that is scammed away, the crazier the altcoin season becomes.
Currently, it seems that most people in the market no longer hold Bitcoin and Ethereum.
So next, we can only speculate on altcoins. After waiting so long, Trump has brought the altcoin season.
The observation sector ALPACA mentioned on the 19th was 0.036, peaked at 0.711 on the 21st, an increase of 96%; FLM was 0.156, peaked at 0.299 on the 20th, an increase of 91%, remember to take profit on all.
$ETH Hurry up and book, you don't have much time left, the next target is above 2000 #内容挖矿
白探长日记
21 Apr
You can check when the last time there was such a large trading volume on ETH was. Once was in November 2022 when FTX collapsed, and once was in June 2022 when Three Arrows Capital collapsed. Looking back, both were the best bottoming positions at the cycle level. Currently, ETH is around 1500~1600, cherish it. If you're afraid to buy, really don't trade anymore.
By the way, I am still constantly setting #ETH , I've mentioned this many times, it hasn't changed. #加密市场反弹
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