There is an old saying in China: "Life finds a way."
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Beyond Deepseek: How China's 10-year high-tech plan worked
Although the Chinese-made artificial intelligence application DeepSeek surprised most of the world, it was not a surprise to those who follow China closely.
China has been slowly building its expertise in high-tech products over the past decade, part of an ambitious project called “Made in China 2025.”
According to experts, DeepSeek's success is a fruit of this large project.

The world of Chinese crypto traders is bursting with unique slang that reimagines familiar terms in creative ways. These expressions reveal a cultural lens blending vivid imagery with practical trading wisdom, offering a fascinating glimpse into the nuances of their community.

One of the most intriguing phrases is “cow season” (“牛季节”), which Chinese traders use to describe a bull market. The term “cow” feels less aggressive than a “bull,” evoking steadiness and resilience instead of raw power. This subtle shift reflects a different cultural metaphor, where gradual growth is celebrated over sudden spikes.
“Shitcoins” in the Western crypto world find their Chinese equivalent as “counterfeit coins” (“假币”). The term is less vulgar but carries the same dismissive tone, pointing to cryptocurrencies perceived as worthless or scams. Traders often warn each other about these “fake” coins, emphasizing vigilance in a volatile market.
Another colorful term is “big crocodiles” (“大鳃鱼”), which refers to market manipulators with enormous financial power. While Western traders might call them “whales,” the imagery of a crocodile—a patient predator lurking beneath the surface—adds an air of danger and cunning. Interestingly, the term “dog dealers” (“狗商”) is sometimes used interchangeably with “big crocodiles,” suggesting the same mix of awe and suspicion for those who dominate the market with sharp maneuvers.
For new traders, the term “new onions” (“新葱”) is used. The phrase, much like the English “greenhorn,” emphasizes inexperience, likening novices to layers that must be peeled away to reveal deeper knowledge. It’s both a playful jab and an encouragement for growth within the community.
Another striking phrase is “fish pond” (“鱼塘”), a term used to describe a small-scale crypto exchange or market where larger players can easily dominate. The idea of a confined pond teeming with fish captures the risk of being preyed upon by “crocodiles.”
Chinese traders also use “air coins” (“空气币”) to describe cryptocurrencies that have no substantial backing or use case. These coins, much like “air” itself, are seen as insubstantial and prone to vanishing.
A lesser-known but equally fascinating term is “candlestick monkeys” (“熔光猴”), which refers to traders who rely excessively on analyzing candlestick charts without considering broader market trends. The phrase suggests a playful critique of overly technical approaches to trading.
Finally, there’s “chives” (“韭菜”), a term for retail investors who repeatedly fall victim to market manipulation. The imagery comes from how chives are cut down, only to grow back again. It’s a wry commentary on the cycle of exploitation that small investors often face, symbolizing persistence despite adversity.
These terms, while amusing on the surface, reflect the challenges and dynamics of the crypto market. They highlight the importance of caution, experience, and a sense of humor in navigating an unpredictable environment. Beyond their literal meanings, these expressions create a shared language that strengthens community bonds, even in the fast-paced world of digital trading. 🌿

#Chinese

Unlocking China's Crypto GemsIn the fast-evolving world of cryptocurrencies, China has emerged as a significant player. As of September 24, 2023, here's a curated list of the top 10 Chinese cryptocurrencies poised for potential growth in the upcoming year, along with their current prices and intriguing use cases.1. NEO (NEO) - $7.40: Pioneering dApps and Smart Contracts in the East and BeyondNEO, often dubbed "Ethereum of China," has established itself as a robust smart contract platform. Beyond China's borders, NEO has gained traction as a powerful ecosystem for decentralized applications (dApps). As dApps continue to shape the future of blockchain, NEO is well-positioned for growth.2. VeChain (VET) - $0.01698108: Revolutionizing Global Supply Chains with BlockchainVeChain's blockchain-based supply chain management platform has garnered attention from major companies, including Walmart China and BMW. With the potential to revolutionize global supply chains, VeChain is a coin to watch as international trade continues to evolve.3. Conflux (CFX) - $0.124945: China's Social Media Revolution: Fueled by ConfluxConflux, a scalable and secure layer 1 protocol, is uniquely targeting the Chinese social media market. Partnered with major Chinese social media companies, Conflux is poised to become the go-to blockchain for social media in China, opening doors to a new era of decentralized applications.4. Huobi Token (HT) - $2.46: Fueling the Crypto Exchange GiantHuobi, one of the world's largest cryptocurrency exchanges, is powered by the Huobi Token (HT). Holding HT offers numerous benefits, including fee discounts and exclusive features. With the crypto market's continued growth, HT remains an asset with potential.5. Filecoin (FIL) - $3.23: Secure Your Data: The Filecoin WayFilecoin's decentralized cloud storage platform, powered by blockchain technology, offers enhanced security, privacy, and cost-efficiency compared to traditional cloud storage solutions. As the demand for cloud storage services soars, Filecoin's potential shines.6. Ontology (ONT) - $0.174252: Identity and Data Management RedefinedOntology's blockchain platform focuses on decentralized identity and data management solutions, targeting various industries, including healthcare and finance. In an increasingly digital economy, Ontology's innovation is set to reshape how we manage identity and data.7. NeoGas (GAS) - $2.42: The Power Behind NEO's Smart ContractsGAS is the essential token for the NEO platform, used for transaction fees and smart contract deployment. With NEO's expanding ecosystem, GAS holds promise as the fuel driving smart contracts in China and beyond.8. Zilliqa (ZIL) - $0.01741957: Where Speed Meets SecurityZilliqa is a high-performance blockchain platform designed for scalability and security. Its applications span gaming, finance, and healthcare, with the potential to transform industries by combining speed and security.9. Theta (THETA) - $0.636873: Streaming the Future of EntertainmentTheta, a blockchain-based video streaming platform, offers an efficient and decentralized approach to video content streaming. With the increasing demand for video streaming services, Theta's potential extends to powering various decentralized applications.10. Nervos Network (CKB) - $0.00270515: Unleashing China's Blockchain PotentialNervos Network, a layer 1 blockchain platform, targets the Chinese market with partnerships with major Chinese companies. Its potential applications include smart contracts and decentralized applications, positioning it as a key player in China's blockchain landscape.Key Takeaways:1. Diverse Opportunities: China's cryptocurrency landscape offers a diverse range of coins with unique use cases, from smart contracts to supply chain management.2. Global Impact: Several Chinese coins have the potential to make a global impact, revolutionizing industries beyond China's borders.3. Blockchain Innovation: These coins are at the forefront of blockchain innovation, addressing critical challenges in various sectors.4. Market Potential: As the crypto market continues to evolve, these undervalued Chinese coins are worth monitoring for potential growth before the 2024 bull run.Conclusion:China's cryptocurrency ecosystem is dynamic and filled with promising projects. The top 10 undervalued Chinese coins outlined in this article represent a spectrum of blockchain applications, from NEO's smart contracts to VeChain's supply chain solutions. With innovation driving these coins and their potential to impact global industries, they are well-positioned for growth in the crypto market. As we approach the 2024 bull run, these coins merit attention from investors seeking opportunities in the ever-expanding world of cryptocurrencies. However, it's essential to approach cryptocurrency investments with caution, conduct thorough research, and consult with financial experts to make informed decisions.Disclaimer For information only. Cryptocurrency is risky. Do research and consult an advisor. Past performance doesn't predict future results. Follow local laws. We're not responsible for accuracy or outcomes.#crypto2023 #Binance #Chinese #crypto #cryptocurrency