[New leek experience gained from ten years and ten flatbreads]
Some people may question, you have been in the currency circle for ten years, why have you not achieved financial freedom? Such doubts are very common. The definition of financial freedom varies from person to person. Some people may think that having 100 million is enough, while others may think that 30 million is enough. Often the more leek you are, the more you think about this number.
For me, maybe I’m not financially free yet, but at least I have some freedom and I don’t have to live a 9-to-5 life. As for why I missed certain opportunities, I think I can briefly review my experience in the past ten years, which may give some newbies some inspiration.

1. The first time I came into contact with cryptocurrency was around 2012. At that time, I was exposed to a lot of information on the Internet due to work. I learned about Bitcoin at that time, although I didn’t understand it very well, and online payment was not very convenient, so I never purchased it. It wasn’t until Huobi was established in 2013 that there was a CEX entrance and I registered an account. I remember that the price of Bitcoin skyrocketed from a few dozen dollars to more than a hundred dollars that year. Driven by the FOMO sentiment, I bought more than a dozen.

2. Later, I felt that the growth of Bitcoin was too slow and not exciting enough, so I paid attention to Litecoin, the world’s first altcoin. To take the plunge, I exchanged some Bitcoin for Litecoin. At that time, the slogan "Bitcoin Gold, Litecoin Silver" was so loud that I myself thought that Litecoin might rise even higher. Later, everyone knew the result.

3. Next came the ICO of Ethereum. At that time, one Bitcoin could be exchanged for thousands of Ether. After research, I felt that Ethereum was completely unanchored and had unlimited issuance, unlike mining coins that had the support of computing power, so I gave up the purchase.

4. Subsequently, various exchanges began to spring up like mushrooms after a rain, and more and more counterfeit projects were launched online. I exchanged some Bitcoins for various altcoins, such as the one that claimed to do real asset mapping back then. The original currency, known as Adouyuan, such as EOS, which claims to replace Ethereum, and so on. Most dropped to near zero anyway.

5. Then came the well-known 93 Incident in 2017. That day, I experienced the feeling of being cut from the waist to the foot. In panic, I sold some more Bitcoins.

6. Later, since most cryptocurrencies were exported overseas, I basically did not study them in depth. It was not until later that FIL mining and the DeFi boom attracted my attention. Later, the owner of the Fil mining machine ran away and was severely cut off. Before he could fully experience DeFi, his wallet was stolen for more than a dozen ethers.

7. As for the liquidation of contract positions and the return to zero, these are the tuition and experience of the currency circle, and they can be said to be the same.

Ten years have passed in the blink of an eye, and when I look back at the big cakes I bought back then, I can see that ten of them have been destroyed like this. These disorganized investments or behaviors did not bring much wealth. On the contrary, once the mistake is realized and the investment strategy is adjusted, steady actions gradually bring benefits that far exceed those of random investments.

Looking back, there are a few experiences that are very valuable:

1. The currency circle is a place where cognitive ability is extremely tested. If you cannot keep up with your cognitive ability, it will be difficult to make money, or even avoid losing money.
2. If you are an ordinary person and have not received systematic trading training, even a trained trader may not be successful. So don't expect to get rich here. Of course, there are stories of getting rich every day in the currency circle, but most people will eventually fail. Therefore, you are most likely a loser.
3. Don’t have a gambler’s mentality. Gamblers always hope to win big with small bets. Because their capital is limited, they always hope to get rich in one fell swoop. However, in a zero-sum market, the money you win is the money others lose. The probability is 10% to win and 90% to lose. Can you guarantee that you will always win?
4. Don’t refuse new things, but you must also have strong learning and discerning abilities. Requires very good independent thinking spirit and learning ability. The reason why leeks are leeks is because they follow what others say and do not have independent thinking process.
5. The currency circle is a dark forest, don’t trust anyone’s words, including me. For example, FIL Miner believed what his so-called friend said, only to find out that he was just doing it to get commission points.
6. Be diligent and not lazy. If you are lazy, you deserve to be cut! I don’t mean you have a lot of leeks. Any banker will cut you because you take the initiative to lower your head to the sickle. The first thing many silly leeks say to others is what currency they recommend. Why should they recommend it to you? He doesn’t even have the most basic investment research skills and has lost his ability to learn.Coin mixing circles are not recommended.
7. Any capital can accumulate Bitcoin at any time. Many newcomers always feel that Bitcoin is too expensive, so they choose to buy other currencies, hoping to do so thousands of times in the future. When your knowledge improves, you will be determined to stock up on cakes.
8. Only invest with spare funds. If you don’t have idle funds, you need to plan your funds well and don’t take risks.
9. Don’t use leverage, don’t take risks with leverage.
10. Those who know how to buy are not as good as those who know how to sell. You must be able to identify projects and understand the timing of entry, but you must also know how to stop losses and lock in profits. If you do not stop losses and lock in profits in time, you will ultimately achieve nothing (except for long-term holdings) Bitcoin).
11. From now on, make yourself a simple cold wallet for storing coins, find an unused mobile phone, install the wallet, and then turn off the phone and disconnect from the Internet. Add a watch wallet to the hot wallet and design a regular investment plan. It’s best to lock up your cold wallet and be determined not to move.
12. Accept getting rich slowly, just like I am now. I believe that slowly hoarding Bitcoin will eventually make you rich one day, especially ordinary leeks. If you win, you cannot afford to lose.

You ask me if I regret it? Of course I regret it. If I had invested in Bitcoin, I might be free now. But there is no regret medicine in the world. The knowledge back then was limited. Even if someone told you that you should go to Allin to invest in Bitcoin, you might not dare to try it.
Therefore, raising awareness is crucial. At least like me, you can become an old leek. You may have no leaves, but the roots are always there, always on the table!
If these insights are helpful to you, please like them. If you haven't followed it yet, you can follow it. I will share it here whenever I have time. I also compiled some currency circle analysis tools that I have used over the years and made a small website. The address is on my avatar. The website also includes contact information for many friends who want to join the group!
Thanks to Satoshi Nakamoto for inventing Bitcoin, and thanks to Binance Square for letting us meet! #BTC $BTC

Kamala Harris was completely tricked by Obama and Biden. Obama directly questioned why black people didn't vote for Kamala Harris during his speech, and was criticized by the black community for not being the king of black people. Biden also did not cooperate in digging holes for Kamala Harris, such as the slow disaster relief in Florida, and the loss of the black community as a Democratic stronghold. Basically, President Trump is sure to win this time #美国大选如何影响加密产业？

DJT has risen by 80%+. This is because voters have voted for Trump in advance. Trump has basically secured victory. If he can live safely until the election day, then the only thing we need to pay attention to is how many of his promises as the self-proclaimed crypto president can be fulfilled.

Make BTC great again!

After the non-farm payrolls, CME's "Fed Watch" showed that the probability of the Fed cutting interest rates by 25 basis points by November was 89.4%, and the probability of cutting interest rates by 50 basis points was 10.6%. The probability of a cumulative interest rate cut of 50 basis points by December was 74.5%, the probability of a cumulative interest rate cut of 75 basis points was 23.7%, and the probability of a cumulative interest rate cut of 100 basis points was 1.8%. Before the release of the non-farm payrolls, the probability of the Fed cutting interest rates by 25 basis points by November was 71.5%, and the probability of a cumulative interest rate cut of 50 basis points was 28.5%. The probability of a cumulative interest rate cut of 50 basis points by December is 45.8%, the probability of a cumulative interest rate cut of 75 basis points is 44.0%, and the probability of a cumulative interest rate cut of 100 basis points is 10.2%.
As I said, a rate cut in September is not necessarily due to poor data, and no rate cut in November is not necessarily due to good data. The November interest rate meeting is just after the election day. Powell's actions are completely playing with political fire.

Is this an A-share or a copycat coin?

80% of the US dollars were printed in the past 5 years. Feel the fury…. #美联储11月降息预期升温

99% of Bitcoin will be mined on January 2, 2035! - saylor

It's back, everything that was lost is back!

The leeks that have persisted until now should be able to grow longer #美联储11月降息预期升温

A bull market came unexpectedly...

Bit Intelligence Weekly Report:
First of all, let us congratulate CZ for his early release. As a representative figure in the currency circle, CZ’s prison sentence is actually for the crypto circle and Binance users. It is foreseeable that Binance will go wider and wider on the road to compliance.
Secondly, let me share some thoughts based on recent news:
① The U.S. interest rate cut has had a significant effect, and major central banks around the world have actively followed up, releasing a large amount of liquidity in a short period of time. This is a great benefit to Bitcoin. However, attention must be paid to the Federal Reserve’s policy, especially the next interest rate meeting, which coincides with The general election can be said to be a very delicate moment. If the Democratic Party is elected, it is likely that the policy will change and trigger a major correction.
② The three most powerful arrows in the history of the wall country were fired together, which can be said to be the embodiment of the highest will. In the past two days, Myanmar A has risen and many people are already asking whether to enter the market. I can only say that we should go ahead and cherish it. The central bank has no anchor seal. Money, buy your own stocks at the end of the day. This kind of thing was done more than once in my childhood, and the results are obvious to all. The final escape hatch has been opened. Whether you can escape or not is a test of personal perception. Maybe it is true as someone said about the suffering of leeks. Gotta get this land.
③ The trading strategy can be aggressive recently. MEME has been on the rise. This is a sign of capital entry. The next month will be a time of good harvest. You must pay attention to positions and leverage before the election. If the election Unexpected situations, such as Trump losing the election and rednecks taking to the streets, may cause a major correction.
④ When it reaches the annual line, just buy spot without any thought, and add positions at low prices. No matter which country is, they are struggling in the quagmire of the worst. Behind the rush to print money is the fate of the national system. The hook-stealers The ancestors have long concluded that only super-sovereign Bitcoin truly belongs to the people.
#金价屡创新高 #内容挖矿

On September 25, the US police are investigating the shooting that occurred at the Arizona campaign office of US Vice President Kamala Harris this week. According to the Tempe Police Department, the shooting damage to the Democratic National Committee campaign office near Tempe South Avenue was discovered after midnight on Monday. Public Information Officer Sergeant Ryan Cook said: "There was no one in the office at night, but this has raised concerns about the safety of people working in the building and nearby people."
It feels like there will be more black swans next month. Will this election really be a civil war? #加密市场反弹

I don't understand the recommendation mechanism of the square. If you post something random, the traffic will soar. If you type a word, it will not give you any traffic. I wrote a long article yesterday, and I was optimistic about the future market. Today, I started to pull the market. Friends who listened to my advice, you can fasten your seat belts and enjoy the bull market. #比特币兑黄金或将上涨

You can go long without worry before November, but you should consider it carefully after November. Remember to be on the boat when the wind blows! #加密市场反弹 #哈里斯支持数字资产

Good morning, fellow leeks! This is a screenshot I took in 2017. Yes, the unit is RMB. The increase is almost tenfold in 7 years. If time goes back, and you invest 400,000, which is almost 4 million today, would you invest? Do you dare to invest?
Are you going to break your thighs and vow to sell your house and go all in at this price? However, I can be 100% sure that you would not dare to make a move even if it returns to 40,000 RMB or even 40,000 USD, because you are always waiting for that lower price, aren’t you?
The reason for taking this screenshot is that at that time, the price fell from 120,000 in the bull market to 40,000 in the bear market. Many leeks sold their stocks at a loss, fearing that their small profits would be gone. Pessimism permeated the market, and no one would predict the subsequent magnificent rise. There are only two kinds of people who get the meat: those who see through the essence, and those who forget about it. The former deeply understands what Bitcoin is and why it will inevitably go to the moon, while the latter is easier for ordinary people to copy.
Buy and hold is the simplest way to do this niche market. Forget the myths of MEME and the stories of getting rich through contracts. Start buying storage now. After 7 years, you will thank yourself for your decision! #比特币是否有望达到新的峰值
PS: The traffic on the square is very strange recently. It is sometimes there and sometimes not. If you are afraid that you can't find me, please pay attention!

Breaking news: USDT's total market value exceeded 119 billion US dollars, reaching 119.13 billion US dollars, a record high.
What does the increasing market value of USDT mean? It means that more and more funds are entering the market! I checked the square this morning and found that many pink bloggers have no common sense in their heads. They have been brainwashed by the big A and the contract. They said that the price of USDT has plummeted and the bear market is coming. They are just talking nonsense!
The market value of USDT has reached a record high, indicating that more and more funds, especially institutions, are entering the market. I have said in N previous posts that through various channels, real-world institutions will enter the crypto world faster and faster, and Bitcoin will become an indispensable part of financial configuration. Just look at MicroStrategy, which has set a sample for all companies.
As for the sharp drop in the U price, it is very simple. The US dollar exchange rate has already fallen, so naturally USDT will fall. Stable currency means that it is very stable when pegged to the US dollar. This is very simple. The interest rate has been cut, the US dollar has depreciated, and the relative depreciation is normal. In conjunction with the previous message, it is clearly pointed out that the US dollar is accelerating its outflow to various reservoirs. Whether it is bargain hunting assets or bargain hunting Bitcoin, the more it falls, the more the crypto market rises!
And the maggots are fantasizing about the appreciation of the RMB. My country is amazing. They are either stupid or bad. Do you know what a financial firewall is? Do you know what offshore and onshore are? Given the current economic situation of a certain country, there will be no capital stupid enough to rush in and be cut. As for the offshore RMB, the rise and fall has nothing to do with ordinary people, unless you are doing foreign trade, and the appreciation of the local currency in foreign trade is disastrous, which means that you are becoming less and less competitive. The strategy of rotting meat in the pot will only lead to stagflation in the pot and appreciation outside the pot. It can be said to be the worst and most dangerous situation, and they are still fantasizing about it one by one!
To ​​celebrate the fans breaking through 3K, 30 red envelopes were wrapped. Welcome to come and play!
https://s.binance.com/fZG5tY2m
The Square recommendation mechanism seems to have been adjusted recently, and the traffic is sometimes there and sometimes not. If you are worried that you can't see my content, you can follow me!
#加密市场反弹

I found this while sorting out some stuff, does anyone know anyone? 😂 # 币圈OG