FOUNDATION executive: Monero still maintains privacy, CCS wallet was stolen because private keys were shared with on-chain monitoring companies
Golden Finance reported that @Seth For Privacy, director of strategy and marketing at Bitcoin tool developer FOUNDATION, posted on social media that Monero still maintains privacy and can resist targeted tracking in most common situations. CCS wallet The reason for the theft was to share the private key with the on-chain monitoring company. Since Monerujo uses a function called PocketChange, very specific on-chain footprints can be seen. Related transactions use PocketChange for large-scale integration. It is reported that Monero plans to Concept uses Seraphis to implement a global anonymity set. At the same time, it is recommended that users do not hand over private keys to on-chain monitoring companies, do not spend all the balance of the wallet unless absolutely necessary, and adopt measures such as using their own nodes and not sharing transaction IDs publicly. Reduce available off-chain metadata.

Slow Mist: A total of 12 safety incidents occurred last week, with losses exceeding US$4.3 million.
Golden Finance reported that SlowMist released a safety report last week (October 29-November 4, 2023). The report showed that a total of 12 safety incidents occurred last week, with a cumulative loss of US$4,315,139. The specific events are:
1.Fake Ledger Live Web3: Scam, loss of $588,000;
2. Tellor: Twitter account hacked, loss undisclosed;
3. Frax Finance: DNS hijacking attack, loss not disclosed;
4. Memecoin (MEME): Rug Pull, loss of $117,930;
5. Fake Celestia (TIA): Rug Pull, loss of $208,394;
6.Onyx Protocol: Contract loophole, loss of US$2,100,000;
7.Monero: Unknown attack, loss of $460,000;
8.Unibot: Contract vulnerability, loss of US$560,000;
9. Dracula (DRAC): Rug Pull, loss of $38,349;
10.Fake Memecoin (MEME): Rug Pull, loss of $78,947;
11. Fake MEMEPAD (MEMEPAD): Rug Pull, loss $80,134;
12. Counterfeit TITANX (TITANX): Rug Pull, $82,385 loss.

One whale spent US$3.8 million to buy 312,901 LINK
Golden Finance reported that according to on-chain analyst Ember monitoring, in the past 5 hours, a whale spent US$3.8 million (1853 stETH+500,000 RLB+92103 LDO) to buy 312,901 LINK at an average price of US$12.17.
Previously, the whale bought 12.46 million RLB at a price of $0.0387 ($480,000) and sold them at an average price of $0.186, making a profit of $1.83 million (+380%)).

Report: From January to October 2023, 292 hacking incidents caused a total loss of over US$1.41 billion.
Golden Finance reported that according to Immunefi’s latest report, from January to October 2023, hacking and fraud activities caused a total loss of more than US$1.41 billion in 292 specific incidents. In October 2023 alone, losses amounted to approximately $22.2 million, mainly due to hacking and fraud. The most commonly attacked blockchain networks during this period were BNBChain and Ethereum, accounting for 83.3% of the total losses on the target chain. Immunefi revealed that BNBChain suffered the largest number of single attacks, with 11, accounting for 45.8% of the overall loss of the target chain.
Ethereum, on the other hand, experienced 9 incidents, accounting for 37.5% of the total losses. Among the Layer1 blockchains, Avalanche had 2 incidents in October, accounting for 8.3%. Polygon and Fantom each had one incident, accounting for 4.2% each. Hacking incidents continued to be the leading cause of financial losses, surpassing fraudulent activity which resulted in total losses of more than $16.35 million for the month. Furthermore, in October, DeFi platforms remained the main focus of utilization, accounting for 100% of total losses. In contrast, no major vulnerabilities have been reported in the CeFi platform.

Bitcoin and Ethereum have performed far better than gold this year
Golden Finance reported that in 2023, Bitcoin (BTC) and Ethereum (ETH) performed significantly better than gold, with BTC rising by 93% and ETH rising by 39% relative to gold. Bitcoin’s recent price surge of more than 30% has been driven in part by positive developments in a Bitcoin ETF awaiting SEC approval. BTC and ETH have shown stronger performance and smaller drops in value compared to traditional assets such as stocks and bonds.

Glassnode analyst: Bitcoin could rise sharply again
Golden Finance reported that Glassnode analysts pointed out a historic bullish signal for Bitcoin (BTC), which had previously prompted an explosive rebound in BTC. Glassnode co-founders Jan Happel and Yann Allemann said that Bitcoin has “beaten” multiple key resistance levels and is now in a phase of building momentum. The two analysts focused on Bitcoin’s relative strength index (RSI), which is traditionally used to measure the asset’s momentum. Given that Bitcoin’s RSI is currently above the 70 level, analysts say that based on historical records, Bitcoin could rise sharply again.

Ordinals Wallet: Chrome extensions will always be at the mercy of Google, wallets reduce exposure to third parties
Golden Finance reported that Ordinals Wallet posted on social media that it cares about customers beyond imagination and therefore provides the market with multiple login methods. This is an option for users who think browser extensions are best. This is also an option for users who think web wallets are best. Chrome extensions will always be at the mercy of Google. We learned this from Satoshi Nakamoto by taking steps to reduce our exposure to third parties.

Data: 160.38 million HFT will be unlocked in 1 day, Wintermute deposited 5.65 million HFT to CEX in the past 3 days
Golden Finance reported that according to Lookonchain monitoring, 160.38 million HFT (worth approximately US$41 million) will be unlocked in one day. In addition, the top 20 MASK holders hold a total of approximately 957.83 million HFT (worth approximately US$245 million).
Recent news from market makers: Wintermute has deposited 5.65 million HFT (worth approximately $1.44 million) to the exchange in the past 3 days; Jump Trading has had almost no transactions with HFT in the past month; GSR has transferred HFT between exchanges , and holds 30 million HFT (worth approximately $7.7 million).
HFT whale dynamics: The address starting with 0x3ff6 withdrew a total of 3.23 million HFT (worth approximately US$2.12 million) from KuCoin, Gateio and Binance from February 13 to July 14, 2023, with an average withdrawal price of US$0.66. At current prices, the address has lost approximately $1.26 million.
Smart Money address: 594,244 HFT (worth approximately $152,000) were withdrawn from Gateio and Bybit in October, with an average withdrawal price of $0.25.

Write some truths from a novice in the currency circle

When talking about cryptocurrencies, the first thing that comes to mind for most people is “Bitcoin.” The birth of Bitcoin can be traced back to the aftermath of the 2008 financial crisis.
On November 1, 2008, Satoshi Nakamoto proposed the concept of Bitcoin.
On January 3, 2009, that night, he pressed the run start button, and the world's first node was lit. This was a special moment when the Bitcoin genesis block was born. Perhaps he had foreseen the future of Bitcoin. Development will be like thousands of lights outside the house.
The original intention of Bitcoin was to solve the problems of the traditional monetary system, because the financial crisis was complex and profound. In short, when you deposit money into a bank, even if you know your bank card password, the bank still has the right to freeze the funds. However, in the currency circle, as long as you have the private key, no one can freeze your assets. This is the difference between centralization and decentralization.
V God, the founder of Ethereum, was a fan of World of Warcraft when he was a child. He was once dissatisfied when Blizzard changed the attributes of his favorite characters. In 2013, he learned about Bitcoin and was attracted by its decentralized features, so he entered the blockchain industry. There is a saying that people have similar beliefs in decentralization and democracy.
Now, you may have mastered how to buy cryptocurrencies, but in the process of joining the cryptocurrency community, it is easy to make the following mistakes:
Novice Trap 1: Being attracted by stories of getting rich quickly.
I heard that Dogecoin had skyrocketed and was promoted by Musk and CZ, so I quickly bought it, believing that it would rise sharply immediately (eventually leading to losses).
Novice Trap 2: Contract Trading.
You are bragging about other people's contract trading "masters" and see them posting profits of +1000% and +3000%, so you rashly follow them and join the group. In the end, you end up being manipulated to take profits while you lose money.
As for whether cryptocurrency is a scam and whether the bubble will burst one day, these concerns may be a bit unnecessary. Whether it is the end of life or the collapse of the universe, it is inevitable. The important thing is how to make profits and enjoy life during this period even if the currency circle or blockchain is a bubble.
Furthermore, cryptocurrency trading is not illegal in most countries, it is just discouraged in some.For those who are new to the cryptocurrency world, it may be unsettling to face negative reports about Bitcoin online. But the important thing is not to be swayed by the brainwashing of mainstream media and to look at it rationally.
Bitcoin has continued to be questioned over the years, but it continues to move forward. When Bitcoin first emerged, it was not viewed favorably by most people, and this was an opportunity for early investors to earn returns. Finally, we must understand that the gap between thoughts and cognition may be the biggest gap between people, even more so than the material gap.
The currency circle is a place that is both confusing and full of opportunities. Being able to strengthen one's beliefs and resist the impact of negative information is already an ability in itself. Therefore, despite facing doubts, continuing to explore and understand the currency circle is something to be proud of.
I wrote so much without realizing it, and I hope it can inspire some newbies. In the currency circle, losses are inevitable, but learning from them and growing gradually are the real winners.
Again, time and reflection are of the essence. The world of cryptocurrency is volatile. Newbies must stick to their own beliefs and strategies before entering the market and not be easily influenced by the outside world. Recognizing your own abilities is the first step to success. I hope everyone can meet the challenges and opportunities in the currency circle with a positive attitude.

Is it possible for a newbie in the currency circle to earn 2 million from 150,000 yuan in the currency circle?
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Mingfeng talks about coins: Is it still possible for a novice to earn 2 million in profit?
In a currency circle that looks like picking up money, losing money is the norm...If you don't lose, you're the boss, why pay back 200? ?
After reading around the answers, they are all recommending this coin to you, that coin
Write various chicken soup stories to tell you how many times it can be doubled and how much profit it can make
To tell you the truth, I was just trying to trick you into taking over the deal. How can I really earn so much? Why should I take you?
It has never been easy to make money in the currency circle, let alone if you are still a novice? ? ?
Before talking about the currency circle, we have to admit and face the following:
In the currency circle, 99% of the big guys are liars.
When speculating on coins, 99% of leeks lose money.
In the currency market, 99% of projects are scams
Coin pit, 99% of the information is meaningless
When the currency market is rising sharply, people around you are asking about your secrets to success. In fact, the contract just exploded last night, and your mood is indescribable. It is common that in a bull market that looks like making money, more people may actually lose money. The reasons are various, and the result is always a loss.
I think that most of the people who come in to pick up money lose all their money. The money-making stories you see are all plots designed by others. It is true that there are many people who make money, but the required qualities are indispensable. Any market complies with the 28 rule. Only a few people make money. This is in line with the law. Similarly, it is unrealistic to make money without certain accumulation.

Many people have misunderstandings about the currency circle. They are instigated by self-media, hyped by project parties, performances by contract masters, short-term experts lead orders, and screenshots are posted in the circle of friends. In fact, people with a little common sense will avoid it. It's so easy, how much money does Zhuang make?
If you're ready to lose your money, come in! Make big gains and make big gains, and give big gains. People who care about transaction fees are definitely not suitable for this market. If the price rises or falls by more than 50% in a day, you really can't stand it.
In the currency circle, staying up late, torture, pain, the incomprehension of people around you, and the panic of the bear market, only those who have experienced it can understand that the glamor seen on the outside is actually the result of rounds of beatings behind the scenes.

Take woolen wool as an example. Many people only see that someone has woolen wool for 100 million yuan. How much effort did they spend on research? How much does it cost? Wait, have you thought about that? In this circle, it is not so easy to make a penny. You can say that so-and-so is not as smart as me, but he still makes money. Yes, in this market, it is difficult for people who are too smart to make money. They believe in themselves and like Buy the bottom, love contracts, ignore cycles, and trade wildly.
The flowers gradually become more charming, but only Asakusa has no horseshoes. Look at the essence of everything. You will not be so easily confused by appearances. Naturally, you will not lose so miserably. Calm down and study what is mining and what is blockchain. , what is defi? It is far more reliable than the superstitious boss.

Can you still play the currency circle now?

OX Mingfeng----eye view web3
To be honest, if you understand, or have carefully read the Bitcoin white paper, to understand blockchain and the development of on-chain technology, you will definitely understand that this is a future field that is still in its infancy.
But this doesn’t mean you can speculate in coins casually.
A piece of advice for newbies in the currency circle: Don’t be in a hurry! Study first, study, and then study!
Not willing to research the market on their own
If you only listen to the advice of experts in the crypto market, you may end up with a lot of mistakes. But if you're willing to learn and listen to expert advice, you can make better investment decisions about market issues.
Perceptual investment, emotional investment
Letting emotions determine trading is a common approach for newcomers to the cryptocurrency industry. Forex market experts have proven that acting on emotion can destroy your entire investment. Did you know that one of the things that destroys a trader's portfolio is "emotional decisions"? Never let emotions drive your actions.
The rush to buy “cheap and unproven” altcoins
There are various "100 times coin" recommendations every day in WeChat groups and Moments, which is really envy-inducing. Many leeks went in without any precaution. However, the end result is mostly harvested.
Always worried about missing opportunities
Every time there is a big rise or fall, I feel itchy and regret that I didn't catch the opportunity. This sentiment often fuels trading that chases the rise and kills the fall. New opportunities appear in the currency circle 24 hours a day. So relax your mind and nerves and travel light.
What to say later:
Although the currency circle is not a Ponzi scheme, if you want to conduct frequent transactions, I suggest you treat it as a Ponzi scheme.
Old people, bankers harvest newcomers. Basically, those who make money in every bull market are the old people who were harvested in the previous round, and those who lose money are the newcomers who entered the market at the end of the bull market. A cycle of four years keeps getting bigger and bigger. When the market is big enough, there will be no bull market.
My view on currency speculation has never changed. It is a scam. Only by recognizing the scam and participating in it will you not fall into it, let alone be brainwashed. The bull market should be taken, the bear market should be cut, no mercy.
But I decided to invest in Bitcoin and Eth because I saw the value behind Bitcoin and the blockchain. In my opinion, Bitcoin surpassing gold and catching up with the US dollar is an inevitable result. This process may be long, but the Bitcoin train is always ahead. Yes, fixed investment is more like a value investment.
My name is OX Mingfeng. If you want to delve deeper into the currency circle but can’t find a clue and want to get started quickly, you can send me a private message and receive free information. I hope these can help you build a good worldview and basic cognition, and walk less. Detours, I hope we can all go our own way, come on!

Can 5000 enter the currency circle now?

To be honest, even if you buy it for 100 yuan, you can still enter the currency circle. It won't stop you from making money at all.
If you invest 5,000 and earn 10 times, it is actually not difficult. I just don't know how much time you're going to give. Or how to implement it.
The method of collecting coins. Then you can buy half of BTC and ETH now. When the bull market comes, it will basically be 10 times. No need to add any leverage. It’s just that your 5000 becomes 5W. It probably won't improve your life much. You are still the same you.
If you use 5,000 to buy a copycat, the probability of success is very low, but once it succeeds, it may be dozens of times or hundreds of times. But the probability of your choice may be 0.0001. Then it can be concluded that your expected return is 0.0001*10000% (100 times) = 10%
But if you choose btc, then 100% of 10 times. The expected return is 1000%.
Many people have the misconception that altcoins are cheap and rise fast, and they rise a lot. But please don’t forget a premise. You have to be able to choose.
Shib doge luna mana sol in the previous round. Ask those around you who ate these 100 times the coins from beginning to end. Who has chosen it and who has eaten it. It's simply a very low probability thing.
Why do the smartest institutions choose Bitcoin and ETH for 90% of their funds? But you choose other altcoins, so are you smarter than others? Do you have more information than others? It's not like that, just guessing and taking a gamble. Well, since I'm taking a gamble, I have nothing to say. Of course you can win.
You can listen to my opinion. This is how I operate.
I run my own business and I spend money very frugally.
Almost 80% of all the money earned. I converted everything into coins. For example, if I make 10,000 today, I will keep 2,000 for emergencies and buy all 8,000 in coins. I will buy btc. That's what I do. I don't care whether the currency falls or not, because I don't need to live on the currency now. As long as I see the number of coins increasing, I will be satisfied. Many people cannot do this. It is difficult for people who have not gone through two cycles to do what I do.
Treat coins as money, and coins are greater than money. Since I can do this, I am naturally not afraid of ups and downs, and I will honestly respect my values ​​and choose digital assets like coins.People said that I was stupid, that I was poisoned, or that I was brainwashed. It doesn't matter anymore, I don't even bother to tell people how much money I made from buying coins, and why I like the coins. They also foolishly save money to buy houses and cars. I will buy coins. They think I'm stupid. But I feel like they don’t understand me. Many people don't understand my behavior. But people in the currency circle who have been involved in two cycles all understand me. People who understand me must be people who make money, people who make money by relying on time and coins, not people who rely on luck to play contracts.
Since I can do this and the method is very simple, then you can do it too. But the premise for you to do it is that you must have a correct world view of the currency circle. If you can accommodate this world view, it will be really easy for you to buy coins. Anyway, when the time comes, buy it and when you have the money, buy it. Although there is no money in your bank card, you feel super satisfied and confident because you can tell yourself without a doubt that you will be a rich person in the near future. Because buying coins has made my life simple, I usually read books, exercise, and watch movies. Then I came to Zhihu to write about my feelings to others. My writing is not very good and my expression is not very fluent. But I am very happy that I can share these views with you. Whether you agree or not, I now know that it is a correct view. I won’t talk about what I haven’t done, but I will tell you what I have done.
Investment will not disappoint those who wait carefully. Only those who have money but don’t spend it are truly rich. This sentence sounds magical. But life is still as simple as mine. I saw so many moves mentioned by the brothers downstairs. Seriously, can you practice?
Just buy it, just buy it and don’t sell it. If you can’t buy it, just buy it if you have money. Sell ​​again in bull market. It's that simple. There are so many tricks, but it’s useless. Just like Murong Fu knew so many martial arts, he still couldn't beat Qiao Feng, and he couldn't beat the half-assed Duan Yu. It is enough for one person to do one thing well.

Are there any people who have achieved financial freedom through the currency circle? What are you doing later?

Maybe it’s me I’m talking about. I entered the currency circle in 2017 and caught up with the wave of cross-border relocation.
I earned my first 1 million at the end of 2017, and it started to take off by 18. Yu'e Bao exceeded 10 million, and then consumption expanded and became very popular. When I buy something, I never look at the price. I just take it directly. It doesn’t matter how much the checkout is, without blinking an eye.

At that time, when the monthly consumption was low, it was four to five million, and when it was high, it was several million.
I have no idea about money anymore. The money came in too fast. At that time, I was still playing Huobi. A BTC on Huobi was about 8W7, and a BTC in South Korea was about 14W5. Just buy it directly from Huobi and send it to South Korea to sell it, and you can earn tens of thousands in ten minutes.
If you don’t believe it, you can pull BTC’s K-line to November 2017 to January 16, 2018 to see how terrifying the price difference is.

Then at the end of 2019, I returned to China with the balance of my A8. I have a house at home, so I don’t need to buy a car, so I buy a car. I realize my dream of McLaren 12C, 570S, Lambo’s Hurricane, Mercedes-Benz 488, Bentley GT, AMG GTR, and M4. I bought them all. The M4 is a new car, and the others All secondhand. And now I still have a 570 and a Bentley. I originally had an M4, but I was fooled by a Shantou modification factory on Douyin, saying it was a professional M4 level 3, but after I modified it, the engine blew up, and I was waffling for half a year. , and finally let it go. If a friend from Guangzhou saw an orange M4 with smoke coming from the front in front of the Rosewood Hotel in Tianhe District in November 2020, yes, that would be me. At the same time, we here strongly condemn Shantou K-BOOM modification as rubbish. If you have friends from Guangdong, please don’t go. People from Shantou can help me fight against it.
From about 2017 to 21, consumption was all upgrading. I felt that the people around me were trash. I had the mentality of being number one. I spent money like water and took all kinds of friends to bars. I now have more than 6,700 people on WeChat. I think there are basically 4,000 people
The biggest expense when I return to China is nightclubs, which are mostly in Hangzhou, Ningbo or Shanghai. I don’t like disco music, so I go to all the K-shops, mostly in Jiangsu, Zhejiang and Shanghai. In recent years, optical rechargeable cards have ranged from 500 to 400.
Then, the turning point came
In 2021, the pie increased to close to 500,000 each, and then it was quickly cut in half and then cut in half again. Due to the violent market fluctuations, my profit was reduced to a very small amount.Until 2021, the price difference was actually stable at 20,000. By the end of 21, the price difference was only 1,700. I suddenly panicked. Because the source of high income for me is gone, I don’t know what to do. It used to be hundreds of thousands a day, but now it’s seven to eight thousand a day. I became anxious all over, and I went to see a doctor. I had primary anxiety disorder + moderate depression, and I was drunk. I took foxitine hydrochloride every day, one tablet a day, for more than half a year.
Seeing that your balance is at least small every day, you can't give up that kind of life. There are so many people around you calling you big brother every day, and you feel like you are being supported, but you are powerless to change.
Fortunately, the market started to improve again in 2022, and then the price difference returned to more than 10,000, so I continued in my old business.
So far, I have placed some ether in more than 20 overseas markets. I bought them all as spot and waited for the appreciation in value.
Finally, let’s talk about the changes in the past few years.
I grew up in a family of three brothers, and I, the second oldest, had good conditions. It could be said that the middle class was upwards, but far from the capital class. Therefore, when I was a child, my material needs were better than those of my peers, but still worse than those of the second generation. far away.
I studied abroad, saw the world, and had ideas in my heart. At first, I tried my best to run a small business among international students, and I could only buy a second-hand C63. Others would buy a Ferrari with full payment just a few weeks after arriving. envy.
But fortunately, the currency circle gave me an opportunity, but it is actually quite fatal, because once you make money, it will expand very much. I am a typical example. This kind of swelling will make you lose yourself within a month.
I have said in many places that the currency circle only gives you one chance. Once you get it, turn around and leave and return to normal life. You should regard this money as capital and backing for you to venture into the world in the future and not be afraid of failure, instead of treating it as a sign of your intelligence. The culmination of talent.
Many people in the currency circle, especially young people who have suddenly become rich, have this mentality. They all think that they have won a thousand times the currency through contract leverage and other bets, and that they have become rich overnight because of their excellent trading strategies and cognition. They believe that God rewards hard work. It's actually really funny. This is really just you winning the lottery, it has nothing to do with your talent, but you are afraid that if you mistake shit for talent, everything will be lost and returned in the end.
Accept when you see a good result, leave when you win, and give up when you lose. The currency circle is not a business, and there is no logic at its bottom. LUNA’s endorsement was so good back then, and the entire South Korea was a guarantee. What will be the final outcome? Now I don’t think it’s surprising that Bitcoin will return to zero one day.
Be sure to remember one sentence:
If all your perceptions are correct, then looking back at your life, why do you still have nothing?
If you only win once and you think you are right, then you are not far from losing.

Coin circle challenge 1w to 1 million

The principal is 10,000, and the target is 1,000,000. Actual operation. If you lose money, you will get off the machine. Welcome to communicate.
A few years ago, a friend kept asking me to pay more attention to virtual currency. At that time, I thought this thing was quite retarded. It was just a drumbeat and spread of flowers. It had no real value to rely on and could not be a project or career that could be developed in the long term. Thinking about it later, I was still too young at that time. Does it matter whether it lasts long or not? If you can do this well, then it will be OK!
I entered the currency circle in May this year and just downloaded the software. I was worried that the platform was irregular, so I made my first deposit of 100 RMB. When I almost lost money, I added 600 RMB. After I lost 600 RMB, I added another 600 RMB. This is my first time playing, and I have never had any experience in investing in stocks, funds, or futures before, so the losses are within expectations. It is purely a matter of spending some money to pay tuition. I have tried spot, perpetual, and leverage all over again. I feel that many things can only be understood by yourself through repeated transactions. I won’t go into details here. I believe that every novice has a growth process. Just see what Just a way.
From the first deposit on May 11th to the third deposit on May 24th, I was still in the exploratory stage. I was not very familiar with the gameplay of the currency circle, so naturally I lost the first 1,300. I calmed down for two weeks after the loss. I deposited 1,500 for the fourth time on June 7th. This time I summarized some thoughts and learned some experiences from old players. This time I plan to make the 1,500 to 5,000 and then deposit 1,000 as the total amount. Cost, challenge 1 million or return to zero!
As a veteran Zhihu player, today I suddenly thought that I could record this process on Zhihu, maybe it will be successful, haha. Interested friends can also communicate with each other.

Let’s start recording from June 9th. Before, because I was not familiar with the rules and had a bad mentality, I was often forced out. I opened positions of CETU50×, PEPE75× and BTC125× today. Today’s market is in a sideways phase after falling back. I originally planned to wait and see, but I couldn’t help but give it a try. Because it is a sideways trade, there is still a chance to go long at a low price limit or short at a high price limit. Since the fluctuations are not large, the take-profit is set lower, and there is a high probability that you can get off safely.I feel that for some currency friends, sideways trading is an opportunity. When the fluctuations are not large, the profits and losses are still under their control. If things are controllable, the chances of winning will be greater. Once the situation gets out of control, the operation may be deformed and some irrational behaviors may occur, such as chasing prices and forced liquidation. In the end, losses are inevitable. Properly setting positions, taking profits, and stopping losses is, I think, essential.

On June 12, 2023, everyone has seen the market trend in the previous two days. On the 10th, I placed short orders. In the morning, 210U probably rose to about 360U and I stopped taking profit. Everything was pretty good. The bad thing is that I bought long on ordi 6.4 and 6.7, which was outrageous, and I directly closed the position. According to normal logic, selling short to take profit and then placing long orders at a lower price is an extremely common operation. Who could have imagined that the market changes so drastically? I believe there are many comrades who have exploded positions like me. It is obviously a common operation. The price was difficult to trade, but the trade ended up being liquidated.

I have been calming down for a while in the past two days. I have watched some articles and videos of seniors and big guys on Douyin and Zhihu, especially some articles from 21 and 22. I have gained some new understanding of the currency circle. In essence, it is still the same. There is no regulation in the speculative market. If regulation comes in, it is possible whether the market will become more lively or it will become a stagnant water. This liquidation is actually a good thing. At least you will have a deeper understanding of position management. The currency circle is a very bloody market. As a novice, you will never be in awe unless you experience this kind of market once. In my heart, the next liquidation will happen sooner or later.

I won’t post the screenshots. Everyone has their own opinions on this unexpected liquidation. What you learn from it depends on the individual. Let’s talk about the subsequent plans. Now that the account has been reset to zero, I am going to observe it for another week or so, maybe two weeks, and then deposit the last 10,000 yuan. This 10,000 yuan will be mainly used for BTC. Judging from past experience, I believe that it is now in a slow stage. Cow Quotes. Bitcoin has a cycle of four years. This is basically the consensus in the circle. Now calculated according to the big cycle, it is basically in the early stage of the rise. There should be more opportunities to make long-term compound interest.The specific operation process is as follows: when the price range is between 25000-28000, initially open a long position of 10U125×, sell 50% every time it rises 400 points, add 10U every time it falls 400 points, and the number of consecutive positions shall not exceed 7 times, otherwise there is still the possibility of being liquidated. After the price is lower than 25,000 or the price is higher than 28,000, the trading strategy will be adjusted based on the understanding at the time. With the arrival of some time nodes, the current volatile market will not last long. I hope that my strategy of shock accumulation can be effective before the arrival of the big bulls.

Now everyone is waiting for the big bull. As long as the position is not liquidated, even long-term holding is okay. Many people may say that if the long-term outlook is good, why not buy spot? There is no need to worry about anything, but I think it is a small capital operation to buy. Spot money is of no use at all. It is better to buy gold. My goal is to seize a big market trend through a certain strategy, at least to make dozens of times profit. If I was wrong about this big market trend, I should have lost. If the market is correct, even if I fall in the dark night before dawn, I don’t think there is anything to regret. The currency circle is such a bloody market, and the first consideration is naturally how to survive. I once again call on all friends to be strict. Control your position well, you can make small losses, but you cannot return to zero! Although the currency circle is illusory, the essence of any market is cycles and transactions. If the strategy runs counter to the big market trend, then I believe that the accident will come sooner than tomorrow. I hope that every knowledgeable friend who reads this article can Watch until the clouds open and the moon shines!

We will continue to update after the next deposit.

The trial of SBF (Sam Bankman Fried) is about to enter the final stage, and the prosecution plans to make its final statement on October 26. In the past three weeks, prosecutors have presented multiple witnesses accusing SBF of deliberate deception, leading to an $8 billion gap between FTX and Alameda in November 2022. SBF's defense team has not yet determined whether to plead, which, if it occurs, will begin on October 26. The case faces huge challenges, but prosecutors need to prove the crimes alleged. One of the highlights was the testimony of Singer, the former director of engineering at FTX, who said that SBF directed him to make risky investments without knowing it was related to FTX customer deposits. The case also involves other witnesses and loan issues, and Bankman-Fried could face up to 115 years in prison if convicted of fraud. The trial also featured witness problems and the judge's loss of patience.
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Golden Evening News | List of important developments on the evening of October 31
12:00-21:00 Keywords: Spain, SOL, Nubank, Unibot 1. The number of Bitcoin profit-making addresses is 39.1 million, a record high; 2. The co-founder of Ripple invested US$500 million in Nvidia for AI innovation; 3. Spain will implement the EU Crypto Asset Market Act in December 2025; 4. Nansen: FTX is unstaking 1.6 million SOL, worth $57.6 million; 5. Buffett may gain 1.3 from holders of crypto-friendly bank Nubank shares 100 million US dollars; 6. Backpack received a license from the Dubai Virtual Asset Authority and will launch a regulated exchange; 7. Unibot: All fund losses caused by new Router issues will be compensated, and keys and wallets are safe.

Warren Buffett purchased 107 million shares of Brazilian financial technology company Nu Holdings in two rounds in 2021 through his company Berkshire Hathaway. Nu Holdings is also the owner of crypto-friendly fintech bank Nubank.
Berkshire Hathaway invested $500 million in Nu Holdings in June 2021 and increased its stake by another $250 million in December 2021. According to its second-quarter 2023 earnings report, the company has not sold any shares since then. Nu shares are currently up nearly 106% year-to-date (YTD), which means Buffett's $750 million position is now worth about $879.5 million, assuming Berkshire Hathaway hasn't sold any Nu shares. However, at its peak in February 2022, the position was worth over $1 billion.