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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!

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!

No more imitation seasons? In the future, pancakes can only be made with T, focusing on low longs and high shorts?

Three insights into trading
     First insight: Jump out of the 'winning rate trap'
     Many beginners get obsessed with the pursuit of 'buy and it rises', but after truly entering the field, they will find that even with a 50% win rate, as long as the profit-loss ratio is maintained at 3:1 (for example, losing once 100, winning once 300), they can still profit in the long run. It's like tossing a coin, winning 3 bucks on heads and losing 1 buck on tails, even with a 50% win rate, you can still make money—the key is not to gamble on low-probability events just for the 'winning chance'.
    Second insight: Treat losses as 'trading tickets'
Stop-loss is not 'giving up', but buying 'insurance' for the system. For instance, when doing trend trading, using 2% of the capital as a stop-loss line, even if there are five consecutive stop-losses, the capital only loses 10%, but as long as one trend is captured, the profit can cover 10 losses. It's like wearing a seatbelt while driving; not wearing it may seem 'convenient', but an accident can be fatal.
    Third insight: Say goodbye to 'gambling mentality'
Heavy betting is like putting all your wealth on a lottery ticket; occasional wins can mislead people into thinking it’s 'skill', but a single mistake can lead to total loss. True experts operate like a factory assembly line, using fixed positions and fixed strategies repeatedly, such as trading with only 5% of the funds each time. Even with a 60% win rate, they can build a large snowball through compound interest. It’s like farming; it’s not about a single season's explosive harvest, but about the routine of spring plowing and autumn harvesting every year.
     Final closure: Effort is 'physical work', insight is 'mental work'. Effort is reviewing thousands of K-lines, backtesting hundreds of strategies, turning others' 'insights' into your own muscle memory; insight is seeing the human nature of the game through the ups and downs, such as understanding the counterintuitive logic of 'building positions when others panic and cut losses'.
It's like a chef cooking; following a recipe is effort, but being able to adjust the seasoning based on the heat is insight—trading is never about 'sudden inspiration', but about the understanding that blooms from the sweat poured into it.

You must memorize your own trading system!

Execute according to your own trading system, and even if you make mistakes, I won't regret it because I haven't violated any rules; I followed the trading system. In this case, you need to refine, correct, and optimize your trading system. Once the trading system has been optimized and solidified, the probability of making mistakes will decrease.

You can emulate my trading system to create your own unique trading system. We have different personality traits and financial situations, so our trading systems will differ; this is completely normal, as different people require different trading systems. Once your trading system is formed, be sure to print it out or write it in a notebook, and whenever you have time, read it aloud, memorize it, and write it from memory. The purpose of this is to reinforce your memory, allowing the trading system to become second nature and enter your soul.

The vast majority of cards, even when laid out, cannot be won by you. They are all interconnected, each link tied to another, and the outcome is already predetermined. The role of human effort is only a small part of it.

In this part of the game where victory can be contested, different people have different mindsets. Some seek victory, while others aim for survival. Regardless of which, the final result remains uncertain.

True masters step outside! While others are scheming over a single hand, they are thinking about the whole game. Only in this way can they ensure a guaranteed victory in the end!

The part of people in the market who are always experiencing losses and gains, ups and downs, actually lack a macro perspective and cannot see the bigger picture; of course, such people are in the minority. Even if some people possess this type of thinking, they must undergo tests of human nature and withstand these trials to ultimately succeed!

Knowing that a flower has bloomed, it will take some time before the fruit can be eaten. Moreover, if you plant a pear tree, don't expect to eat peaches. This is very basic common sense! The problem is that the most common mistakes we make are these obvious common sense errors!

The reasons wealthy people go bankrupt are mostly due to holding too many social resources, which cannot be liquidated during an economic downturn, leading to a lack of liquidity, ultimately making it futile to sell at a loss. On the other hand, the reasons poor people go into debt are largely because they have not found a way to acquire wealth; their income cannot meet their expenses, resulting in an ever-increasing deficit.

Wealthy individuals have many ways to avoid bankruptcy risks. The core principle is to stick to their main business and avoid blind investments, especially during times of economic excess; they must keep risk awareness at the forefront. However, most people are blinded by success, believing that everything is under their control. It’s inevitable; pride is human nature, and very few can remain humble and cautious at the peak of success.

For the poor, it is essential to strive to get their businesses on track. In reality, the overall economic environment does not have a fatal impact on the poor's endeavors, because a small boat can easily change direction; flexibility and adaptability are your greatest advantages. There is an old saying: big businesses fear losses, while small businesses fear consumption. This actually conveys the same idea. When you think deeper, it’s indeed the case.

Trade without stubbornly sticking to one model; it's hard to make money.
​Trading should be stable and profitable; don't try to do every model, focus on one trading model.
​No need for obscure theories or advanced techniques.
​Don't challenge yourself with high difficulty; just do simple trading.
​Truly research and understand one trading model, and only trade within that model.
​Then continuously practice, perfecting simple techniques, and profit will be within reach.

Three Insights After Contract Liquidation Trading
​First:
Realize that trading is a game of probabilities; one cannot solely pursue a high win rate; the risk-reward ratio is more important.
​Second:
Understand that losses are the cost of trading; when it's time to cut losses, one must strictly adhere to stop-losses.
​Third:
Understand that profits do not rely on heavy bets in a single trade, but rather on consistent and continuous performance.
​Success in trading cannot be achieved casually; it requires efforts that far exceed the average person, combined with one's own insight.
​Just effort without insight is not enough.
​Just insight without the willingness to work hard is also not enough.

Choosing short-term trading relies on win rate for profit;

Choosing long-term trading relies on profit-loss ratio for profit;

Choosing oscillation trading requires giving up trending markets;

Choosing trend trading requires giving up oscillating markets;

Choosing to get rich overnight requires daring to take heavy positions;

Choosing to slowly become rich requires persistence in light positions and trial and error. ​

The less money you have, the more inclined you are to gamble. With a large amount of capital, having a stable return of around 10% to 20% can set you apart. But if your capital is small, making a 20% return on a hundred thousand in a year is of little use; your expectations can easily turn into wanting to double or even multiply your investment several times. Thus, the poorer you are, the more you love to gamble, and the more you gamble, the poorer you become.

Human nature is such that when the price of cryptocurrency drops, no matter how you persuade him to buy, he won't buy. When the price rises, no matter how you warn him of the risks, he won't listen. Is he unwilling to make money? Not at all, he is too eager to make money, which is why he behaves this way!

I have seen people who have been trading cryptocurrencies for 5 or 7 years without making a penny, and I have also seen someone buy a coin and hold it for a year, earning 10 to 100 times the return...

Once a person has been poor for too long, they want to become rich quickly! Investing in the cryptocurrency market is fundamentally a game where a few people make money while most lose and run along. Those who lack understanding cannot be saved by anyone!

Why do so many people like to trade frequently?

Essentially because they are poor

They fantasize about seizing every trading opportunity

This is not your decision

But a habit cultivated by the market

Ten million at 30 and ten million at 60 are not the same

The picture painted by value investing

You rely on compound interest to earn ten million in twenty or thirty years

But the problem is

You are already 60

What do you need ten million for

At that age, it’s hard to get it up

Everyone comes to this market

Everyone's original intention is to make quick money

How many people came to this market not dreaming of changing their destiny?

For retail investors

Value investing is too slow

So slow that if their tens of thousands or hundreds of thousands of capital really goes for long-term trading

Even if the return rate is as stable as Buffett's annualized 10-15%

It will still take 5-7 years to double

Twenty years later, your five hundred thousand turns into two or three million

And then what?

Moreover, how many people don’t even have five hundred thousand in capital

Let's take a step back

Even if they do

Can you wait?

How many 5-7 years do you have in your life?

So retail investors are not qualified to talk about win rates

They should only see odds

And things with high odds must have low win rates

To turn things around, you must trade frequently

Just like playing Texas Hold'em

Short stack players can't support themselves to use a balanced strategy like many deep stack players

To turn things around, you must broaden your scope to seek a glimmer of hope

There are only two paths here

Either be continuously exploited and die a slow death

Or increase your entry rate to gamble

But the cost is that you must bear high losses

These require you to have solid skills to make up for the losses

Frequent trading by retail investors is not something to be ashamed of

Being inexperienced is.

Those who follow trends often perish in volatility; those who trade in volatility mostly die in trends; those who rely on feelings generally perish based on feelings. Investing is not easy, so cherish each step.