Shone Murphy58

Bitcoin is actually prepared to harvest China. Bitcoin is used to launder money and transfer funds. For example, if you exchange assets for Bitcoin in China, and then sell them abroad for US dollars, you will successfully evade the supervision of banks and complete the flight and transfer of funds.

The existence of this virtual currency really poses a huge threat to the financial order of our country. Those lawless elements, taking advantage of the anonymity and untraceability of Bitcoin, wantonly carry out illegal operations and leave the interests of the country and the people behind.

Moreover, the price of Bitcoin fluctuates greatly and has no actual value support. Many people blindly follow the trend of investment and end up losing all their money. This not only causes huge economic losses to individuals, but also has a negative impact on social stability.

Our country has been strengthening financial supervision and cracking down on various illegal financial activities. For Bitcoin, which obviously has risks and hidden dangers, we must remain highly vigilant. We cannot let it become a tool for some people to seek personal gain and damage national interests.

At the same time, ordinary people should also keep their eyes open and not be tempted by the so-called high returns. Investment should still go through formal channels and choose projects that are guaranteed, legal and compliant.

Everyone should understand that maintaining the country's financial security is everyone's responsibility. We cannot let these bad financial means succeed, and we must work together to protect our economic environment.

Resolutely resist illegal financial tools such as Bitcoin!

I just managed to get through another tough week. This year, the system has experienced 6 to 8 drawdowns lasting over 2 months in just half a year. Historically, over the past two years, this average has been about 3 times a year. In such extreme market conditions, maintaining a calm mindset and not deviating from my strategy is exceedingly difficult. However, it shouldn't just be me struggling; all trend trading styles have likely found this half-year challenging. I just need to be more patient and endure the pain better than most traders, and in the end, the market will surely reward this determination.

Offline operations, mainly focusing on excessive declines and divergences. Only when there is a sharp drop is it an opportunity; do not buy during a slow decline, buy during sharp drops! Definitely do not chase when the price is high; 90% of intraday sharp rises are just for unloading at higher prices, none should be chased!

The biggest risk in trading is losing control
How many people go from blushing at the start
To ultimately having red eyes
The biggest difference among traders is
Mature traders are not worried about missing out
What they worry about is whether their trading
Aligns with their own trading rules
The most feared outcome is losing control due to not following the rules
While failing traders see only opportunities
With only one word in their minds: 'money'

If you want to study when a big rise will happen, you could research for 100 years or 1000 years and still not figure it out!
But if you want to study how much room there is for a rise or how much room there is for a drop, then researching for a few months will help you grasp the规律和方法!
But why do most people prefer to study when the rise will happen? Because they want to get rich overnight, to get rich quickly, ideally buying today and seeing a big rise tomorrow or next week!
And what are we studying? We are studying how much room there is for future rises, and then patiently waiting for that规律 to come, not caring about when!

Do not recklessly invest in real assets under low interest rates. Continuously declining interest rates mean a weakening market profit effect. At this time, making money is not easy, and do not easily part with your cash deposits. 'You only need to be rich once in your life! The rest of the time is about lying flat, resisting temptation, and preserving wealth. Do not blindly speculate, do not associate with foolishness!' Anyone with a bit of ambition in recent years has likely experienced the worth of this saying! Money earned by luck, if you continue to mess around, will mostly be lost through ability! It is important to have self-awareness; human greed knows no bounds! If you do not have the great aspiration to benefit all beings and only wish for small wealth and security, knowing when to take profits is the greatest wisdom. I have never heard of a wealthy person becoming poor because they chose to lie flat, but I have seen foolish people who, due to greedy mismanagement, ended up deeply in debt! Humanity's greatest lesson is that they never learn from the lessons of history; the only thing that can teach them a lesson is hitting the south wall! When young, if you hit the south wall, there is still a chance to rise again! Those who hit the south wall when old will mostly be unable to recover and will perish!

A small adjustment to the 4% withdrawal strategy for financial freedom.

I previously shared a topic about financial freedom, which is to reach a certain level of total savings and then invest in different categories of assets. If you can withdraw 4% each year to cover daily expenses, you achieve financial freedom.

For example, if the total savings is 1 million, withdrawing 4% means 40,000, which averages to about 3,300 per month.

The premise for funds never running out is that the investment return must be greater than 4%, with 4% used for daily withdrawals, and the remainder must outpace inflation, which can be approximately calculated at 3%. This requires our investment return to reach 7%.

We have now entered a low-interest rate era, making it a bit challenging to achieve a long-term annual compound return of 7%. Therefore, I optimized the withdrawal method, which is to dynamically adjust the withdrawal ratio based on the year's return.

If this year's return is greater than 4%, then next year withdraw 4% for living expenses.

If this year's return is between 3% and 4%, then next year withdraw the actual return for living expenses.

If this year's return is less than 3% or even negative, then next year withdraw 3% as a safety net for living expenses.

I think the benefit of this approach is that it is not rigid; during good market conditions, you can withdraw a bit more to improve your life, and during poor market conditions, you can just get by.

If you fix it at 4%, you would have to withdraw that much in years with negative returns, which would be very stressful.

The current thought is like this: in the future, as knowledge increases, there may also be partial adjustments~[designated to work]

In the trading industry, finding like-minded friends is extremely difficult, mainly because of differing financial situations, varying tolerance for drawdowns, and different accepted trading philosophies.

There is a saying: there are two things in this world that are the hardest, one is taking money from someone else's pocket, which is difficult. The second is conveying your own ideas to others, which is also difficult.

Everyone, especially after spending some time in the market, tends to believe that their strategy or idea is the best, and often finds it hard to accept others' ideas, resulting in very few friends to exchange thoughts with, and mostly talking to oneself.

In the trading market, an individual's ideas and experiences are very limited. If there is a small team to exchange ideas and experiences together, strategies can mature more quickly; as the saying goes: three cobblers with their wits combined can outsmart Zhuge Liang.

For trend strategies, although there is the turtle trading rule as a guide, there are also many details that need to be refined in actual trading, such as perfecting entry and exit points, choosing the right instruments, allocating funds for each instrument, regularly adjusting the instrument allocation, and so on.

Therefore, if you can have a few like-minded friends to exchange ideas with, progress will be a shortcut to rapid growth, and you must cherish it.

One understanding: the market is unpredictable, but opportunities are endless. The first priority is to survive, while not trying to predict the market. Trading is a probability game, and success or failure should not be judged by a single trade. (Memorize this, it's really important) ​

Professional qualities inherently include a reduction in market expectations. You cannot believe the stories told by those who sell books. If the stories aren't embellished and made more appealing, how would they sell? If the public opinion in this market constantly promotes the idea that making money is extremely difficult and that you have no chance of surviving in the market, how many people do you think will come to gamble on a contract? It is precisely because the stories in contracts highlight a few isolated cases of wealth and success that stir your inner ambitions, and the reason you recklessly jump into the contract is due to those elusive possibilities.

The distinction between professionals and amateurs is extremely significant; professionals cannot place excessively high expectations on things. The notion of rapidly compounding interest leading to financial freedom and a leap in life value is something that always fills the minds of amateur gamblers. That belief sustains them even as they are ruthlessly trampled in the market.

Professionals are pragmatic and have low expectations. A job is just a job; wealth and prosperity are not meant for us! Without that illusion, there wouldn't be so many worries!

There are only two types of people in this world: the lonely and the mundane, with no middle ground. Among every 100 people, 5-10 are lonely, and 1-2 are extremely lonely.
In the end, there is almost no element of luck in investment. Luck only comes when you have no money. Doubling down on your first significant investment is the most joyful moment; after that, you become numb, and it's not that easy to lose money.

What is the root cause of contract liquidation?

As a veteran in the cryptocurrency space for 10 years, I have gained three profound insights through investing my hard-earned money: chasing highs and selling lows, frequently switching coins, and over-trading. These three stubborn ailments are the main culprits that devour investors' profits. If one can completely rid themselves of these bad habits, achieving steady profits in the market is not difficult.

The most painful lesson I remember occurred when I first entered the crypto space. I was attracted by a strong rising altcoin (FIL) and impulsively bought in at a high price. Little did I know that I was entering at the peak, and the coin subsequently entered a continuous downtrend. Due to my lack of experience, I panic-sold during the ongoing decline, resulting in significant losses. This unforgettable experience has forever taught me that "impulse is the devil"—a hard rule in the crypto world.

What do you brothers think is the root cause of losses? Give a thumbs up and leave a comment, let's discuss in the comments section!

There is a high probability of a spike tonight, and then the altcoin season will officially arrive. The sector rotation is already stirring. Now is a good time to set up a long position on Sol, with a buy order at 165 to get in strongly, and add to positions at 160. The upward trend is very obvious, and it may prioritize breaking the previous high to drive the altcoin bull market!

Position allocation is indeed a very, very important dimension. It may not be obvious at first glance, but over a long period, especially during extreme market conditions, it can lead to significant differences in returns.

However, is there a standard answer for position allocation? With 100,000 in capital and 10,000,000 in capital, the position allocation will definitely be different. Long-term investing and short-term trading are, of course, also different.

Some people manage their positions against the trend, increasing their holdings in a bear market and selling to those chasing gains in a bull market. Others may completely hold cash in a bear market and only go long when in a bull market. Who is right and who is wrong?

Self-discipline is the touchstone of trading.
I have a very regular daily routine. I get up at 7:30 AM sharp, wash up, eat breakfast, browse information and reply to messages, check my positions, and set orders. Then I leave the computer, feed the cat, clean the litter box, and take the dog for a walk. In the afternoon, I also take a 2-hour nap to make up for sleep. Watching the market is just an occasional interest; reckless trading has not existed for me since I started 8 years ago because after I place my last order at midnight, I turn off my phone and go to sleep, and it’s fine as long as the opening and stop-loss orders are executed when triggered.
I don’t need to make decisions all the time.
On weekends, I drive alone to the suburbs to enjoy the peace of being by myself, have a nice meal, and spend the weekend with family and friends.
I play ball, ride, and work out for at least 10 hours a week.

Reasonable self-discipline is a responsibility towards one’s mind and body, just like trading, where the ultimate goal is to accept all situations that occur under control.
Without self-discipline, there is no positive feedback.

I have a bit of a poor flow, and I haven't been impressed by anyone in terms of technology. I was already 70% invested last month. Although I hit stop losses three times in between, overall, I still have a profit of about 20%. After the losses, I directly allocated to Ethereum. After each loss, I insisted on going long on Ethereum. My strategy is either to hit the stop loss or to let me soar to the sky!

The correct posture for trading is to lie flat
The secret to making big money is to wait for the cycle

The principle of zero internal consumption is not to enter the market; whoever you sympathize with bears their fate, and whoever you help intervenes in their karma. Only by removing the narrowness of the self can one achieve the quantumization of the soul and eternal life.

This is a dynamic world: you need to learn lifelong to keep up with the times; this is an investment that guarantees profit without loss. Moreover, you need to systematize your life path and income model to achieve compound returns. Do not waste your life inefficiently and hopelessly with scattered efforts.

Value investing, the most difficult part is not the difficulty of selecting coins, but the difficulty of holding coins.

For the vast majority of people, it is hard to resist the temptation of short-term trading and frequent transactions.

True value investors are always the very few individuals with strong determination and patience.

Not many people understand this bullish trend in the square; I joined many so-called big influencers' groups, and most of them were shorting, so I knew it couldn't go down anymore. Ethereum is building up for a big wave; if you still can't understand, you will miss the last chance to turn things around in the crypto world;

The process of retail investors losing money in the crypto world:
1. Generally, they buy a cryptocurrency with a small amount, then occasionally take out their phones to check; seeing it go up, they are filled with joy;
2. Not long after, they start regretting buying too little; in hesitation, the holding price keeps rising; they calculate what they bought a few days ago, feeling uneasy but dare not increase their position;
3. Finally, after waiting for a long time, when the price pulls back from a high point, they seize the opportunity to go all in, believing this cryptocurrency will help them realize their dreams, but things go contrary to expectations—adding to their position, then it drops! They scramble for money to average down, then it breaks below the cost line, feeling reluctant!
4. They stubbornly hold on all the way down, but finally can't take it anymore and have to cut losses. They feel heartbroken, almost wishing they could die!
5. What’s frustrating is that often just two days after cutting losses, it starts to rebound strongly, making them pound their chest in anger. Not only do they lose money, but they also feel like a complete jinx!