Hello, I'm Dung, in the crypto community, people call me 0xdungbui. Crypto trading, for me, is not just about numbers or charts, but a journey to discover my own nature. Every decision, every fluctuation in the market reflects my own patience, determination and belief. The challenges have helped me grow, not only as a trader but also as a person. Now, I want to share my story, along with the lessons and experiences I have accumulated throughout this journey.
121 - What Crypto is Missing: The 'Instagram' Moment
Mark Cuban, billionaire and star of Shark Tank, believes the crypto market lacks a breakthrough moment for global acceptance. According to him, the industry needs an 'Instagram moment' – an application or service compelling enough to attract all demographics, from young people to the elderly. In 2009, Instagram changed how people used smartphones. Previously, smartphones only attracted tech enthusiasts. But with Instagram, smartphones became an essential tool in daily life. Crypto, until now, has yet to have a similar turning point. As Cuban notes: 'We haven't had that moment yet... but hope remains.'
🎯 A self-reinforcing cycle occurs when an idea spreads not because it is true, but because it is popular. This is how trends become mainstream: one person imitates another, creating a chain reaction, where many accept the idea simply because "everyone is doing it." But popularity does not always come with correctness.
💡 Collective belief often reflects herd mentality rather than truth. When an idea is widely accepted, it is automatically reinforced, even if it lacks foundation. In investing or business, this is particularly dangerous: wrong decisions will be amplified by blind consensus. Many people participate not because they understand the true value, but because they fear being left out or want to keep up with the majority.
🔑 Core message: Don’t let herd mentality pull you into ideas you don’t fully understand. Popularity does not equal correctness. Cultivate critical thinking and ask yourself: “Does this idea really make sense, or is it just a product of a self-reinforcing cycle?” Awareness is the key to maintaining your perspective and making sound decisions.
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🔄 Reinforcement cycle, 🌍 Belief by trend, 🎯 Popular, not correct.
The cryptocurrency world is constantly moving. The leading innovative projects are shaping the future and changing the game. Below are the 5 standout names of 2024, each project carrying an exciting story of innovation. ***This is a personal opinion assessment 1️⃣ Pendle: Strategy From Speculative Instinct
Pendle proves that cryptocurrency is not just a dream but also a sharp strategy.
🎯 Price action on the chart often reflects what fundamental news has to offer ahead of time. Market prices are the footprints of money flow, representing traders' expectations for the future, rather than simply reacting to publicly announced information. The market does not move based on current news, but rather on how it predicts upcoming events.
💡 When news is made public, large traders have already analyzed and priced it in beforehand. Therefore, predicting or reacting to news after it appears often does not provide a real advantage. Price charts, on the other hand, are where all expectations, fears, and emotions of the market converge. Observing price action helps you understand how the market is operating without being distorted by unnecessary information.
🔑 Core message: As a trader, learn to read the charts instead of relying on news. The chart is the true language of the market, containing all the necessary information. Focusing on price action will help you make more accurate decisions and navigate the complexities of news events.
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📉 Price action, 💸 Footprints of money flow, 📰 News has been revealed.
120 - The Truth About Crypto Research: A Zero-Sum Game
Participating in crypto research is not a journey that brings community value or positive change. In reality, it resembles a wolf leading a flock of sheep – not to protect, but to prey. This is a harsh truth, but it accurately reflects the nature of sharing "alpha" and research in the crypto world. The goal of crypto research is not to discover the truth, but to seek profit opportunities – not for everyone, but just for the researcher. When someone claims to buy an asset expecting the price to rise, what they really want is for you to buy in after them. This is no different from the tobacco industry, where personal interests are placed above community interests, with the victims this time being inexperienced investors.
🎯 Success in investing does not come from chasing short-term profits, but from the ability to outperform the market in the long run. This depends on two factors: luck and deep insight. However, since luck is beyond our control, vision and a clear strategy are the sustainable paths to achieving goals.
💡 Long-term vision is a skill that needs to be cultivated, not something innate. It requires patience to overcome short-term temptations, a deep understanding of market trends, and calmness in the face of volatility. An effective investment strategy not only analyzes the current situation but also predicts long-term trends. Successful investors remain steadfast with their plans, even when the market constantly exerts pressure with unpredictable fluctuations.
🔑 Core message: Luck is not a strategy. Success in investing comes from long-term vision, a clear plan, and the patience to execute it. Instead of relying on factors beyond your control, invest in your ability to analyze strategically and think long-term. These are what will help you stand firm and navigate through all fluctuations in a challenging market.
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🎯 Investment success, 🔍 Vision over luck, 📈 A plan that leads the way.
FORMULA FOR SUCCESSFUL TRADING: ANALYSIS, CAPITAL MANAGEMENT, DISCIPLINE
🎯 Success in trading is not about guessing the trend right, but about the harmonious coordination of three factors: market analysis, capital management, and personal discipline. These are the three pillars that help you survive and develop sustainably in a volatile market. 💡 Market analysis: The market is a battle between buyers and sellers. Understanding this balance through technical analysis and psychology will help you identify trends and make accurate decisions. Success is not just about recognizing opportunities, but also about being able to read the market clearly and based on evidence.
119 - The Era of Interactive 3D: Technology Shaping Everyday Life
Interactive 3D technology is stepping out of the gaming field, becoming an essential part of training, design, and automation. Current advancements are built on the foundation of the gaming industry, where graphics, engines, and simulations have set the stage for today's practical applications. Each decade is associated with a technological focus: from text in the 1990s, images in the 2000s, video in the 2010s, and now interactive 3D in the 2020s. The gaming industry has been and continues to be a 'laboratory of innovation,' applying breakthroughs in graphics and simulation to fields beyond entertainment.
118 - Bitcoin: A New Journey After the $100,000 Milestone
As Bitcoin surpasses the $100,000 mark, this is not only a financial achievement but also raises questions about its true standing in the global financial system. This price level is a powerful psychological symbol, marking a new advancement supported by technologies like BitVM and Layer 2, opening up unprecedented potentials. The value of $100,000 is not just a number but also a testament to Bitcoin's resilience and long-term potential. From a speculative asset, Bitcoin is transforming into the core foundation of digital finance. As the CEO of Xapo noted, this is not only the result of a price rally but also reflects a rapidly changing market sentiment.
🎯 "The species that survives is not the strongest or the most intelligent, but the one most responsive to change." – Charles Darwin emphasizes that adaptability is the key factor for survival and growth in a constantly changing world.
💡 In Greek mythology, the Hydra creature symbolizes the ability to regenerate and adapt. Each time one head is cut off, two more grow back. This illustrates that the best individuals or systems not only survive chaos but also thrive from it. Instead of being defeated by change, they prepare and adapt to benefit from transformation. In life, change is the only certainty, and those who can adapt best will be the successful ones.
🔑 Core message: Embracing change and being ready to face challenges is the way to triumph in a volatile world. Like the Hydra, instead of being defeated by chaos, cultivate your adaptability and grow from change. The ability to adapt not only helps you survive but also succeed against the greatest challenges.
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🌪️ Chaos surrounds, 🌱 Adaptation is vital, 🏆 Winning through acceptance.
117 - LOOKING BACK AT 2024: THE YEAR OF VOLATILITY AND BREAKTHROUGHS
Another year comes to a close, and the cryptocurrency world has just gone through a tumultuous yet exciting journey. 2024 is not only a year of impressive numbers but also a year that marks moments we will always remember. PART 1: THE BIGGEST STORIES 1️⃣ 2024: The year of cryptocurrency ETFs This year, cryptocurrency ETFs not only attracted attention but also officially brought crypto into the mainstream of traditional finance:
CLUM PRINCIPLE: THE SAFER YOU ARE, THE MORE DANGEROUS IT BECOMES
🎯 The CLUM principle highlights an interesting paradox: The longer you stay in your comfort zone, the more you risk facing greater dangers in the long run – that is stagnation and losing your potential for growth. Conversely, when you have the courage to step out of familiar limits and face risks in a controlled manner, you will uncover hidden abilities and achieve remarkable growth. Absolute safety is essentially an illusion, for not changing means you are gradually falling behind in a constantly evolving world.
116 - From Attention to Utility: The Essential Path of Crypto
The cryptocurrency market has gone through a decade of development based on hype. Captivating stories and speculative excitement drive growth. But what happens when the hype is gone? This industry must shift from attention economics to something greater – something truly useful in everyday life. Crypto currently faces a major challenge: it is too complex. Discussions often revolve around technical concepts like blockchain, consensus, or scalability. But most people don't care. They just want the technology to work smoothly, securely, and without hassle. The success of crypto will be like Wi-Fi or GPS – important but almost invisible. You don't need to understand how they work to see that they are essential.
Adapting to the Market – Don’t Let Emotions Take Control
🎯 Investing psychology often pushes us into a defensive position, making it easy to cling to optimism when the market is up or to hesitate in pessimism when the market is down. When we are optimistic, we often look for reasons to continue believing in positive expectations, even when selling might be a better option. Conversely, when we are pessimistic, we hesitate to wait for the “perfect bottom” to buy, only to miss out on real opportunities.
💡 The market is a machine that is constantly running on new information. The reasons that drove previous decisions may no longer be valid when prices have fully reflected that information. Therefore, constantly reassessing the data and keeping a flexible perspective are important factors to ensure that your investment strategy is in line with reality. Blindly sticking to outdated assumptions or emotions will only keep you stuck in bad decisions, hindering your path to success.
🔑 Key message: Don't let your emotions lock you into your current position. Always be objective and be willing to ask: "Are the original reasons still valid? What has changed with new information?" It is flexibility and the ability to adapt to real data that will help you make informed decisions and achieve sustainable success in your investment journey.
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📈 Optimism to sell, 📉 Pessimism to buy at the bottom, 🔄 Price changes, reasons change.
🎯 The market, although not a conscious entity, always acts as a mechanism to transfer wealth from the many to the few. In the long run, the nature of the speculative market is a game where one person's profit always comes at the expense of another. This makes the market a harsh playing field where only those who understand the rules can stand firm and succeed.
💡 Crowd psychology, lack of discipline, and lack of a clear strategy are the factors that cause most traders to fall into a losing spiral. The market takes advantage of panic, greed, and impulsive decisions to transfer assets from the hands of the unprepared to the hands of those who know how to control their emotions and act with calculation. However, the market is not a "bad guy" - it is simply a playground with its own rules. The winners are not lucky people, but those who think independently, practice discipline, and follow a long-term strategy.
🔑 Core message: The market is not biased towards anyone - it is simply a game. To be successful, you need to practice independent thinking, maintain discipline, and understand the rules of the game. Only when you master your thinking and actions can you protect your assets and take advantage of opportunities in a challenging environment.
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📉 Money Transfer Market, 💰 From Many to Few, ⚖️ Be vigilant every day.
115 - Almost Everyone Will End the Bull Market With $0
When the market is bullish, money seems easy to make. But most people end the cycle with nothing. A bull market is not just an opportunity – it’s also a psychological test. This makes many not realize that wealth is only temporary if not managed properly. Prices double in a few weeks. You wait for a correction, but it doesn't come. Prices continue to rise tenfold. A bull market operates on its own rules: price is a story. This story doesn't need perfect logic. If you wait for the ideal entry point, you might miss the opportunity. But even when you join, you need to understand that profits don't really belong to you if you don't take them at the right time.
🎯 "Trading is a business decision, predicting is an ego game." This statement emphasizes the difference between making decisions based on objective analysis and predicting the market based on emotions or ego.
💡 Trading should be viewed as a business decision, with careful calculations of risk and reward. It requires discipline, capital management, and evidence-based analysis. In contrast, predicting the market based on emotions often leads to mistakes and loss of control. Successful trading does not come from correctly guessing every fluctuation, but from focusing on data-driven decisions and maintaining a sustainable advantage.
🔑 Core message: Successful trading is the result of sober and well-founded business decisions, not from the ego game of guessing correctly. Do not let arrogance or the desire to prove yourself right dictate your actions. Instead, rely on discipline, objective analysis, and risk management to achieve long-term success in the market.
Last night, the market received hot news from the Federal Reserve: the federal funds rate continues to be cut by 0.25%, bringing the target range down to 4.25% - 4.5%. This is the third consecutive cut this year. September: Cut by 0.50% November: Cut by 0.25% December: Further cut by 0.25% Fed Chairman Jerome Powell, in a press conference, acknowledged that inflation is still high but close to their 2% target. He emphasized that:
[#113] The Competition Between Blockchains: The Future Belongs to Assets, Not Technology
Imagine you are living in the 1990s. Nasdaq and NYSE were not just places to trade stocks. They were symbols of American finance. But now, few care where their stocks are listed. What matters more is what assets you own. In the world of crypto, the same is happening.
Blockchain: From Technology to Assets Initially, layer one (L1) blockchains competed on technology. Solana stands out with low fees and fast speeds. Ethereum leads in decentralization and security. But now, technology has become the standard. Users choose blockchains not for technology, but for the assets they can trade on them.