Opening Douyin, I received quite a few messages. $BTC
They say to add friends to join groups for discussions about trading cryptocurrencies. Most of them are gamblers like me! They recruit people to register for profit sharing on the platform. The virtual currency market is full of scams. There are also a large number of so-called experts analyzing points. These experts claim to help you get rich, telling you when to buy and when to sell. If you make money, they ask you for a share, taking a commission. If you lose money, they immediately disappear. There are also various ads telling you which altcoin to buy and how to buy it. Once you buy in, your money is immediately washed away. There are also those who use the guise of quantitative trading to trick you into authorizing your account. The moment you authorize, your money gets transferred away. Especially, you shouldn’t open videos that show your account password. In short, the tricks to scam money are endless. In recent days, even Japanese AV actresses have started issuing tokens. The hype is still quite high. The crypto world, to be frank, is just a bunch of gamblers discussing the dealer's methods, how the dealer deals cards! They are still discussing it in front of the dealer. In some large chat groups, people like Sun Yuchen and CZ are all in the group. They don’t speak; they just watch the gamblers analyze the so-called trends! I have already been controlled! Because no matter how I trade cryptocurrencies, I always lose. Whenever I buy, the price drops; whenever I sell, the price rises! Yesterday, the U.S. released first-quarter economic data, and U.S. stocks plummeted. I couldn't resist shorting. Shorting Trump, Bitcoin, Solana. As a result, at 8:30 when the economic data was released, it did drop, but then rose for a whole day and night. I lost all my money before saying this here. I need to quit gambling. It’s due to the pressure of delivering food, the nagging from my family, and these emotions have no outlet! Many times, the casino is a very good outlet for venting emotions. I know I can't continue like this! Undeniably, I am controlled by algorithms while delivering food. Buying food, buying necessities, my daily life is controlled by algorithms. Even in the crypto world, in the casino, I am still controlled by big data algorithms. In well-educated families, even five or six-year-old children know that making money relies on the brain; physical labor does not earn money. The division of labor in this society is very clear! It is a huge spider web! Hidden in places ordinary people cannot see! Those people are trying every possible way to stimulate our desire to consume, our desire to work. They try every possible way to stop ordinary people from accumulating wealth.
$BTC Virtual currency is a scam! First of all, Bitcoin was created for accounting. Every transaction is known to the whole world. A block is a package of these transaction details. The blockchain is a chain connecting these packaged transaction details. This is the blockchain. Mining is the process of solving algorithms to obtain rewards. Every transaction requires someone to keep the accounts, and the accountant needs to charge a fee. This is the miner's fee. From an economic perspective, virtual currency has no value. It has no credit backing, no physical support, and purely relies on a large number of believers in free accounting using love to generate energy. The reason Bitcoin has surged to $100,000, is that it is a blatant conspiracy by the United States. Because virtual currency can be issued without limits, which means printing money. And there’s no need to worry about inflation. Issuing virtual currency only requires a few dollars in fees, then just give it a name, decide how many coins to issue, and whether to increase the issuance. With a single click on a mobile phone, you can issue coins. For example, Trump Coin, issuing 1 billion coins. Trump holds 80% of the original shares, and the remaining 20% is circulated for trading. If each Trump Coin is $10, then 1 billion coins would be $10 billion. However, the actual value is nonexistent. Perhaps this so-called Trump Coin has a liquidity of only a few million dollars. Most of the market value purely relies on retail investors buying and selling it among themselves. If a big player suddenly sells off, liquidity will drop instantly. It will create a waterfall. A crash! Maintaining stable coin prices and market value is what the big players do. All of us who open contract positions to buy up or down. The big players know it all! Retail investors trading coins is like gambling on Russian roulette. The probability of winning is very low. Even if you win money, you will want to win more! Until you eventually lose it all! In the future, the volatility of virtual currency will become even more intense. Because the Americans are crazily trading back and forth. Harvesting Chinese people's leeks. That's right, more than 60% of the people trading coins worldwide are Chinese. I must quit gambling! [sigh]
$SUI This is my personal understanding. Not sure if it’s correct. The project party can control the hacker's wallet. So can all users' wallets be controlled at any time? Also, how are vulnerabilities in on-chain projects generated? How did the hacker steal so many coins? Or is it that this is not a vulnerability? But rather a backdoor opened by the project party! Everyone's assets can be drained anytime, anywhere!
$BTC Soldiers! Prepare to welcome hell! The 519 market is coming! The United States has the power to issue currency. Other countries are required to settle goods in US dollars. The US can exchange printed paper money for a large amount of goods. Therefore, the US can leverage its financial position. Printing dollars with a clear conscience. Enjoying goods from all over the world! This is the benefit of having the power to issue currency. As long as there is faith and government backing. Everyone agrees and uses US dollars for settlement. Then there is absolute influence! This is the same principle as the trading mechanism of virtual currencies. As long as someone participates. Someone uses it. The issuance can be infinitely increased! As long as someone buys and someone sells. Then liquidity will be infinite! Endless! At the same time, reaping the whole world! This is currency! In theory, all currency systems are the same. The key lies in the purchasing power of the currency and the public's recognition of currency settlement. If currency depreciates, the public will abandon the currency and choose to buy gold or silver. Then the currency will lose credibility! The better and more prosperous the economy, the lower the value of the currency. Conversely. In the current situation of such a poor economy. Purchasing power increases. The currency becomes more valuable!
$BTC has been liquidated! A large trader opened a long position at the 104800 level. Contract data shows that large traders are going long, while retail investors are going short. Liquidation occurred around the 107000 level. Moreover, people are very excited. The contracts are getting larger and larger. Lost about 200 yuan. Cryptocurrency is highly volatile. Every trade is a gamble against the market makers. The market makers' goal is to exploit the retail investors. Retail investors short, and the contracts will rise. Market makers can cover their positions. Market makers sell the spot. Prices drop. Market makers have the most contracts, retail investors short. Buying the spot raises prices. Market makers short contracts, retail investors long. Spot is sold. Funding rate is negative, market makers push the price up. Funding rate is positive, most people are bullish. Market makers push the price down. Price spikes up, then crashes! Price spikes down, then rallies. There is no pattern! Around 106300. Market crash. I shorted at 105700. Thought it would plummet. Resulted in a crash to 105200. Then a rebound. It went all the way up to 107200. Repeatedly jumping around. I believe that the altcoin will definitely drop, but the market makers are manipulating the price. The biggest risk of contracts is not knowing when the market makers will manipulate the price! The biggest risk in cryptocurrency is that, essentially, it is a game. However, in this game, the market makers' cost is zero. 20 million market cap, 1 million liquidity. Retail investors going long or short will increase liquidity! So that little bit of liquidity, the market makers can easily reclaim it. Cryptocurrency needs fame. Famous people, well-known individuals issue air coins. The goal is to get people to participate, to buy and sell. 99% of altcoins ultimately end up at zero! It must lack popularity, and the market makers will sell. No one is playing anymore. So in the end, it goes to zero! Going to zero is a very long process. Market makers keep washing the market, repeatedly exploiting retail investors!
$BTC $NXPC Many people are still fantasizing about the rise of Adventure Island coins 📈. Think about it. 800 USDT airdrop. So many people received the airdrop. Still buying spot, issued so many airdrops. Do you remember how Zhongyin Textile was delisted? Dropping a little every day, continuously falling. Adventure Island has been a facade from the beginning. It is said that many people play Adventure Island using cheats, earning Adventure coins through botting. Exchanging them for virtual currency. Now the hourly earnings are over 60 yuan. In a day, a game account can earn over 1000 yuan. Studios operate dozens of game accounts, botting. Earning tens of thousands in a day. Shouldn't these coins be dumped quickly?
$BTC Unprecedented rise! Large investors are buying spot. Small retail investors are shorting contracts. With no one selling spot. The price keeps being pushed higher! No upper limit. I am bearish, let’s see how this plays out.
$ACT This entire week has been good for AI. The news is all about investing in AI. The three fools of Binance, just missing this one to pump. This time it might really be the Middle East entering the market. Let's take off, young man!
$BTC Do you all remember May 19, 2021? Today is also the 19th. After 4 years, what will happen in the cryptocurrency world? The big players are pulling and smashing the market, pulling and smashing. Repeatedly, cleaning contracts. The purpose is to facilitate the offloading of assets. Market movements all happen in the late night. It could be at 4 AM or 5 AM. It might also be on the 20th. How much will it drop? No one knows! All we know is that this wave has been in a high sideways trend for too long. A correction is due!
$ACT The 4-hour and 15-minute charts have both been adjusted. Among the three fools in the crypto world. $NEIRO $PNUT All have started. Have surged so much. You should start too, right? This week, the AI conference is being held. Can you perform like a leader?
$BTC It may plummet! A drop of at least over 10,000! Increasing taxes on many countries within three weeks. Raising taxes on India. The Middle East is only offering empty promises. There are divisions within the Democratic Party. They oppose interest rate cuts. Not to mention the Republican Party. A large amount of capital is fleeing! The outflow is very obvious! There is also a cryptocurrency trading tax. Losses do not count, but if there are profits, an additional 20% tax is required. In Hong Kong, C2C trading fees are already high enough. The interest on MasterCard is outrageously high. And the high GAS fees for Ethereum. These are obvious ways to exploit retail investors. All one can do is sigh. It is very likely that there will be a spike upwards. Pulling up to around 110,000. Then quickly crashing! You must know. The liquidation price for big players is more than three times that of retail investors. I took a look. Many large holders have liquidation prices above 130,000. It's just back and forth exploiting retail investors...
$BTC High consolidation all night Previously, I wasn't sure Ethereum fell below 2500 All altcoins are dropping It's very likely that the old man has started shorting The news keeps reporting false information Good news is being sold off A significant drop is imminent! This time, it could fall more than 10,000 points
$BTC The high position has been flat all night Previously, I was still unsure Ethereum dropped below 2500 All altcoins are falling It is very likely that the old man has already started shorting The news has been reporting false information Good news is being sold off A big drop is imminent! This time it is very likely to drop more than 10,000 points